Technology

59574 readers

3041 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

466

All the ways streaming services are aggravating their subscribers this week (arstechnica.com)

submitted 6 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

106 comments fedilink hide all child comments

Below is a look at the most exasperating news from streaming services from this week. The scale of this article demonstrates how fast and frequently disappointing streaming news arises. Coincidentally, as we wrote this article, another price hike was announced.

We'll also examine each streaming platform's financial status to get an idea of what these companies are thinking (spoiler: They're thinking about money).

Netflix starts killing its cheapest ad-free plan in June

Sony bumps Crunchyroll prices weeks after shuttering Funimation

Peacock is raising prices

Fubo cuts 19 channels

In a seemingly desperate push, many streaming services prioritize revenue and profits ahead of building the best streaming service for customers.

We could go on about how this might force people to reconsider their subscriptions, but we should publish before another service makes yet another policy change.

you are viewing a single comment's thread
view the rest of the comments

[–] darganon@lemmy.world 9 points 6 months ago

Netflix is a public company, you can just go look at how wrong you are about this.

They took in $9.3 billion in Q1 2024, and spent $702 million on "technology" and $3.7 billion on adding "content assets"

Their net profit was $2.3 billion, for one quarter. They could afford to just charge less money, but the line must go up.