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Netflix is hiking prices by as much as 18 percent amid rising costs

By Shawn Knight · 32 replies
Jan 15, 2019
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  1. fktech

    fktech TS Maniac Posts: 528   +141

    When Netflix stops "family" sharing that will be it's undoing!
     
  2. GreenNova343

    GreenNova343 TS Maniac Posts: 366   +249

    "Much" sooner, yes. Soon enough to be significant, probably not.
    -- The previous price hike happened 2 years ago, so chances are Netflix isn't moving to a "raise the price every year model", so we're probably safe assuming a worse-case of price hikes every 2 years from now on.
    -- On the high end, assuming an 18% rate hike every 2 years, it will take 16 to 18 years for the price to increase from $13/month to $50/month.
    -- On the low end, assuming a 10% rate hike every 2 years, it will take 28 to 30 years for the price to reach $50
    -- Middle-road estimate, assuming a 13% rate hike every 2 years, it will take 22 to 24 years to reach $50

    In all 3 cases, however, you're talking about it taking pretty much an entire generation before future Netflix prices might reach current cable package prices (& low-end packages at that).

    And I can guarantee that Amazon will have raised its prices for Amazon Prime during that same period, so I highly doubt you'll ever see that much of a price gap between the 2 services.

    And I can honestly say I'm not biased because I have both Amazon Prime & Netflix. There are aspects of both that I like & dislike (I.e. I like how Amazon's trailers work & their "Customers Also Watched" feature; I also like how Netflix puts all of the seasons of a show together instead of making them separate selections, and how I can like/dislike a show in Netflix while in the Roku channel), & there are movies & shows that I can find on 1 service that aren't on the other. But even with price increases they're still cheaper than cable or satellite packages.
     
    Puiu likes this.
  3. Shiney

    Shiney TS Booster Posts: 154

    And we are forced to pay for an ever increasing amount of foreign films/series with subtitles.
     
  4. Evernessince

    Evernessince TS Evangelist Posts: 4,083   +3,629

    Those are really popular with millennials. They could drop those but then they'd loose 30% of their subscribers.
     
  5. Puiu

    Puiu TS Evangelist Posts: 3,515   +1,975

    you are talking as if only Americans watch Netflix. that's just annoying.
     
  6. Bubbajim

    Bubbajim TechSpot Staff Posts: 691   +668

    I don't think I'll be particularly fussed if this price hike gets mirrored over here in Blighty.

    Go to the cinema once, two people and some snacks, all for £50. Or get five months of Netflix for the same amount.

    HHHHhhhhhhmmmmmmmm.......
     
  7. GreenNova343

    GreenNova343 TS Maniac Posts: 366   +249

    Not just millennials. Some interesting movies are made in languages other than English (like del Toro's The Devil's Backbone & Pan's Labyrinth, or the Finnish Rare Exports: A Christmas Tale). Sure, you have to pay 100% attention to the TV screen to read the subtitles, but there are plenty of good to great non-English language movies out there.

    Yes, it is. And speaking as an American, I've come across plenty of non-English language movies (especially in the horror category) that are just as good if not better than a lot of the English-language ones. And even in the English-language ones, there are times that some of the Irish and Australian horror movies are of much higher quality, with better plots, than some of the US films.
     
    Evernessince likes this.
  8. Misagt

    Misagt TS Maniac Posts: 293   +209

    Honestly this isn't a surprise. Netflix recreated value for these old shows. Where they used to be had for a reasonable price with competition lead to price increases. Here is the fact we need to get rid of insane Author's life + 70 years for copy-write. 25 years from time of public release tops. If we don't do this the cast of friends for example will still each be making 20 million a year for something they haven't done in 20 years.
     

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