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Netflix Raising U.S. Prices Yet Again, Premium Plan Now Costs $23/Month

raindogg said:
Less content for more money. The American way.
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Netflix is constantly creating and licensing (they just added the new Dune movie) new content. They've spent so much on new content over the past decade that there's now 1 Netflix Original for every 1 licensed title in their U.S. library.

www.whats-on-netflix.com

Netflix Originals Now Make Up 50% of Overall US Library

There is now a Netflix Original title for every licensed movie/show on Netflix.
www.whats-on-netflix.com www.whats-on-netflix.com

They've started slowing the rate of new content, but it wasn't that long ago that their Netflix Originals library was growing by 185 percent a year.
 
Price hikes means it's easier to justify sharing a Netflix account among multiple households.

Guess the kids will be on mine until I drop dead.

Their "password crackdown" has been a joke in my experience.
 
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sparkinstx said:
The wage/price spiral in action!
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Executive pay could have been lowered in response to an increase in actor/writer pay.

Regardless, if they can't afford to pay the writers and actors more (at least as well as they did with regular tv, which had residuals), then they aren't a viable business. The fact is, based on their financials of almost $12 billion in profit last fiscal year, is that they can, but chose not to.....or just have $10 billion in profit, and pay better.
 
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Once I finished Dark I was done with Netflix, other than Seinfeld, that was all they had that really appealed to me. I may hope over to Hulu to catch the new Futurama episodes and then stop that. Having a constant subscription to all these services makes no sense, it has gotten as expensive as cable due to greed.
 
icanhazmac said:
Hopefully people will learn this simple, basic, truth:

10 Find a streaming service with content you value
20 Subscribe
30 Consume
40 Cancel subscription
50 Goto 10

There is no reason, other than pure convenience and/or stupidity, to subscribe to them all at once.
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You, sir or madam, do not have children in the house.

Keeping up with what kid wants which show on which service is a never ending rotation of frustration. You let one service lapse thinking none is using it... Oops.

We used to subscribe to so many different things, could not keep up with it. Had to make a spreadsheet.
 
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sw1tcher said:
What lost subscribers are you referring to? Total Netflix subscribers have been increasing every year.

View attachment 2298483

Sure, they lost some subscribers in the 1st half of 2022 (lost 200 million in Q1 2022 and 1 million in Q2 2022), but overall, they grew subscribers for the 2022 year. And ever since Q2 2022 they've been back to subscriber growth mode.

View attachment 2298484

They gained 8.8 million subscriber during the reported (3rd) quarter and are expecting to gain another 8.8 million subscribers (give or take a few million) for their 4th quarter of 2023.

Their ability to increase subscriber numbers while raising prices shows they have pricing power.
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I wonder how this works with companies giving Netflix as part of their plan? Like how I have Netflix included with my cellular plan. If I didn’t have that, I wouldn’t have Netflix.
 
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I7guy said:
So Netflix still gets revenue from you and probably making a ton of money from people who do the same.
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Yes but I was paying per month and didnt care of the previous costs but NOW I CARE and more aware of what I spend so now I choose to pay on special occasions. Im not going to boycott.
 
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icanhazmac said:
Hopefully people will learn this simple, basic, truth:

10 Find a streaming service with content you value
20 Subscribe
30 Consume
40 Cancel subscription
50 Goto 10

There is no reason, other than pure convenience and/or stupidity, to subscribe to them all at once.
Click to expand...

kjvmartin said:
You, sir or madam, do not have children in the house.

Keeping up with what kid wants which show on which service is a never ending rotation of frustration. You let one service lapse thinking none is using it... Oops.

We used to subscribe to so many different things, could not keep up with it. Had to make a spreadsheet.
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We do this all the time with our kids. They didn’t like it at 1st, but now they are use to it. I’m not going to go broke because my kids want certain streaming services. If it gets too expensive, I have zero issues dropping the service.
 
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icanhazmac said:
Hopefully people will learn this simple, basic, truth:

10 Find a streaming service with content you value
20 Subscribe
30 Consume
40 Cancel subscription
50 Goto 10

There is no reason, other than pure convenience and/or stupidity, to subscribe to them all at once.
Click to expand...
It's all relative. Subscribing to all/most of them still costs less than my old cable bill ($200/month) so the pain point isn't high enough from me to juggle subscriptions and try to figure out the timing to re-subscribe and consume entire seasons before I cancel. Even Netflix has moved some shows to weekly release model making it much more complex than the old model of subscribe -> binge entire show -> unsubscribe.
 
Smartass said:
It's funny how everybody up here is like "UNSUBSCRIBING! NETFLIX HAS GONE TOO FAR!" yet when they come home, they quickly tune into Too hot too handle.
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proof?
Cranslove said:
In wonder how long it will take from now to create a paywall for recurring subscribers.

Lot’s of people subscribe for a month (free), watch a season or more and cancel. Rinse repeat when something else is new.
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Netflix doesn't offer free trials
DaveTheRave said:
Love the complaints here. “Netflix price increase is bad, but paying the Apple tax on everything Apple is okay.”
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quote the posts that are saying that
darngooddesign said:
That's misdirection, are you advocating theft?
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Piracy isn't theft. It's piracy.
 
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This is why I’m glad I have always preferred to just buy content through iTunes. I do like to re-watch shows and movies a lot so it helps to have it purchased. I have over 20,000 TV episodes and 700 movies on iTunes I have purchased.
 
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Octavius8 said:
Looks like cable all over again… ads in our tv, just kind of wireless. All streaming want is to switch to ad based tiers because there is bigger profit. F-you!. Torrents will be back from the dead!
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sw1tcher said:
It's looking as though Netflix is increasing prices on a certain schedule. They've been alternating between January and October price increase announcements since October 2017.

Oct 2015
Basic = $7.99/mo --> $7.99/mo
Standard = $8.99/mo --> $9.99/mo
Premium = $11.99/mo --> $11.99/mo

Oct 2017
Basic = $7.99/mo --> $7.99/mo
Standard = $9.99/mo --> $10.99/mo
Premium = $11.99/mo --> $13.99/mo

Jan 2019
Basic = $7.99/mo --> $8.99/mo
Standard = $10.99/mo --> $12.99/mo
Premium = $13.99/mo --> $15.99/mo

Oct. 2020
Basic = $8.99/mo --> $8.99/mo
Standard = $12.99/mo --> $13.99/mo
Premium = $15.99/mo --> $17.99/mo

Jan. 14, 2022
Basic = $8.99/mo --> $9.99/mo
Standard = $13.99/mo --> $15.49/mo
Premium = $17.99/mo --> $19.99/mo

Oct 18, 2023
Standard with ads = $6.99/mo --> $6.99/mo
Basic = $9.99/mo --> $11.99/mo
Standard = $15.49/mo --> $15.49/mo
Premium = $19.99/mo --> $22.99/mo



Which would mean next price increase announcement is in Jan 2025
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Octavius8 said:
Looks like cable all over again… ads in our tv, just kind of wireless. All streaming want is to switch to ad based tiers because there is bigger profit. F-you!. Torrents will be back from the dead!
Click to expand...
Netflix isn’t around so you get watch tv for discount. They’re a business that needs to be profitable.
 
Peter_M said:
I've stopped subscribing to all streaming services. They're producing mostly crap anyway, with hack activist "writers". There is a rare good show here and there, but it just not worth the money with so much filler.

I'd rather play an immersive high-quality PC game for an hour or two at this point, than watching some butchering of the latest franchise. Especially fantasy and sci-fi shows the last five 4-5 years have been mostly terrible (writers pushing ideology instead of good stories), with a couple of exception like House of the Dragon.
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Seriously. I recently re-watched Heroes and yeah at the time it wasn’t good after Season 1 but I actually enjoyed it up until the end this time compared to most of the current content out there.
 
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Looks like I’ll be downgrading to their standard plan. While I like UHD, I have no need for four streams at once since it’s only my wife and I (and occasionally our son) who use the service. Even though a portion of our subscription is subsidized through T-Mobile.

To think I thought Netflix was going to wait for the actor’s strike to end before raising prices…
 
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nburwell said:
Looks like I’ll be downgrading to their standard plan. While I like UHD, I have no need for four streams at once since it’s only my wife and I (and occasionally our son) who use the service. Even though a portion of our subscription is subsidized through T-Mobile.

To think I thought Netflix was going to wait for the actor’s strike to end before raising prices…
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Aren’t you paying more for that T-Mobile plan say over a prepaid T-Mobile plan?
 
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