Netflix has been increasing subscription prices in US, UK and France a lot of time now. The subscribers are wondering why the company continues to increase its price hikes further by adding an additional value tag on Amazon’i TV network (SPI). Here’s an excerpt from Netflix’ recent price hike and the exact reason it is happening in 2023.
Why are the price rises on Netflix again in 2023?
While there are many factors involved, the latest price hike is largely to make up for password sharing.
As the streaming wars continue to escalating, Netflix must find new ways in order for its approach and development. The best way to increase profits from its subscribers is by increasing subscription prices.
According to the business model adopted by Netflix, if it continues growth and isn’t allowed in its attempt or when you are acting aggressively, such as being able pay attention to their subscribers. That is how it will pay its debt and production costs for hundreds of upcoming titles while maintaining their market share.
Even though it’s intense competition from other streaming services, Netflix has a 247.2 million subscriber base in Q3 2023 (via Fortune), the highest point of any service that is followed by digital channels like HBO and Netflix! And with password sharing becoming a reality, the streaming giant continues to take active measures so as not only control that but also manages it. The recent price hike is just another step to support this cause.
Moreover, Netflix also offers its users the highest number of new movies and TV shows per year according to other streaming services. This is why he can stand before competition. The rise in price is a good measure to offset that.
What are the new Netflix prices for 2023?
The most expensive cable TV cost in the US is: $85.
- Standard with ad-securities: $6,99 per month.
- Standard without adage 5,49 dollars per month.
- Basic plan for existing subscribers $11.99 a month (not available to new members).
- Price of $22,99 per month.
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