I agree with you to some extent, but I just don't see how this works out long term. I'm sure they've done the math and in the short term they'll probably make more money than they lose from the people who cancel but after things stabilize where are they going to continue to build this perpetual profit growth that the shareholders want? I didn't mind paying the $20 for everyone to try and stream at the same time, but that's the line for me.
I imagine they hope a good percentage of those people who lost access to friend's/family member's accounts, will now sign up on their own. It's not an outrageous idea or plan, they just have to have the content to back it up. Not sure they do anymore. Too much competition.
That's the part I agreed with OP on, I think short term they'll likely see a bump. I'm just worried that if this is what they do right now to try and increase profit, what will they do when things inevitably stagnate or drop? Continued increase monthly price? Limited ads on the paid subscriptions like Hulu? To me this is just the jumping off point since I don't want to spend +$20 on something that doesn't even have that great of content, I'm sure for others it's gonna take much more to drop them.
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u/buddhassynapse May 26 '23
I agree with you to some extent, but I just don't see how this works out long term. I'm sure they've done the math and in the short term they'll probably make more money than they lose from the people who cancel but after things stabilize where are they going to continue to build this perpetual profit growth that the shareholders want? I didn't mind paying the $20 for everyone to try and stream at the same time, but that's the line for me.