this post was submitted on 15 Aug 2023
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Lol...wtf is this trash article...Netflix is struggling to survive. Bullshit, they made 12B profit last year.
The article makes it out like all the big players are at a loss...they're not...they brining in Bs in profit.
The price hikes are greed, and of course the consumers will pay it.
They had a $14.5 billion debt of as of march last year. Servicing that at the super low interest rates of the past decade was so well and good, but that time is over, and now those lenders want their pound of flesh.
Oh interesting, I haven't heard this side of it before. All I keep hearing is how streaming is super lucrative and how all these companies are rolling in profits.
I think Netflix should stop streaming entirely, and sell a subscription to their platform (and app!) to Disney+ and others.
Please, at least to Disney+. I'm begging. Especially to replace the Disney+ garbage bin of an app.
Please Netfix. For me.
Yeah they're making money but I just saw where "traditional" tv watchers is below 50% now for the first time, the cash flow of the cable /satellite tv subscriptions is in big trouble and everyone was sorta relying on that. The old media production model is dead and I think this strike is related to that.
All the more reason to have no guilt for pirating their content. They're making loads of money so they have no reason to complain.
I was actually was on the cusp of committing to annual subscriptions to my favorite 3 this year, and then all three hiked their prices.
So yeah, one per month it is.