It’s a 2$ increase from 13$ to 15$. I feel like most people don’t care and it’s more of a boiled frog situation than anything else. I doubt anyone is seriously going to cancel for an extra 2$ unless they were already planning too tbh.
Also, don’t most people mentally round that up anyways? $13 was already $15 as far as I was concerned, so, this is just raising it what what I basically thought I was already paying. If they raise it again though, it’s going to $20 which is gonna be a tougher pill to swallow.
It’s not like they don’t know what they’re doing. They studied all kinds of business strategies diurig their “International business studies” or whatever the fuck they did. The C-suite simply doesn’t care about long term retention, they want their bonuses for this year and the next. They know perfectly well they will be replaced in a few years time anyway, whether it’s because profits are not increasing as much as the shareholders want or whether the profits have gone up because of price raises, but down again because customers left.
But in the second scenario they will get a whole lot more bonuses than in the first. So this is what consumers get: enshittification.
If Streamers were smart, they’d lock pricing and change it for new signups.
Their problem is numbers retention. People would hesitate to cancel if their $8 plan would have to be 15/month or more to restart.
Moving everyone up, just pushes people to cancel, and they’ll be even more unlikely to come back if prices keep going up
It’s a 2$ increase from 13$ to 15$. I feel like most people don’t care and it’s more of a boiled frog situation than anything else. I doubt anyone is seriously going to cancel for an extra 2$ unless they were already planning too tbh.
Also, don’t most people mentally round that up anyways? $13 was already $15 as far as I was concerned, so, this is just raising it what what I basically thought I was already paying. If they raise it again though, it’s going to $20 which is gonna be a tougher pill to swallow.
It’s not like they don’t know what they’re doing. They studied all kinds of business strategies diurig their “International business studies” or whatever the fuck they did. The C-suite simply doesn’t care about long term retention, they want their bonuses for this year and the next. They know perfectly well they will be replaced in a few years time anyway, whether it’s because profits are not increasing as much as the shareholders want or whether the profits have gone up because of price raises, but down again because customers left.
But in the second scenario they will get a whole lot more bonuses than in the first. So this is what consumers get: enshittification.
That sounds like terrible economics when you have hundreds of millions of customers who will likely just accept it
Then you don’t understand why long term reliable customers are better than intermittent ones…
Which means you don’t know anything else about business, and are just going off vibes
I’m sure they tested it and found that enough customers would stay to make it profitable.
Consumers, especially Apple users, accept higher prices. It’s baffling to me but true.
In 2014, Netflix was $8/month. It’s now 12 years later and Netflix is $20/month.