Technology

59578 readers

3190 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

714

Consumers are paying more than ever for streaming TV each month and analysts say there’s no reason for the companies to stop raising prices (finance.yahoo.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

161 comments fedilink hide all child comments

Consumers are paying more than ever for streaming TV each month and analysts say there’s no reason for the companies to stop raising prices::Finding new subscribers in a saturated streaming video market isn't easy. And with legacy media companies desperate to recoup revenue declines in their linear TV businesses, the cost of your monthly plan is likely to keep rising.

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

[–] OldWoodFrame@lemm.ee 71 points 1 year ago (3 children)

No reason to stop raising prices for any business, except for the fact that demand goes down as price goes up. People will cancel or downshift to a cheaper service.

[+] joemo@lemmy.sdf.org 38 points 1 year ago* (last edited 10 months ago) (3 children)

[deleted]

[–] erwan@lemmy.ml 22 points 1 year ago

And as a bonus you have less customers to provide support to!

[–] tony@lemmy.hoyle.me.uk 13 points 1 year ago

That's literally what they teach you about basic economics at school..

The standard graph of price increasing on one side and customer demand decreasing on the other, and how companies try to find the crossover point.

[–] DogMuffins@discuss.tchncs.de -5 points 1 year ago (1 children)

Sorry mate this is not some special fight club logic. It's not even really accounting or economics logic, it's just kinda common sense.

What price should I sell my lemonade for? I'll have more customers if I sell it cheaper...

The part which seems lost on most commenters is that these companies have huge and very sophisticated market research campaigns. They can predict with great accuracy how their demographics will respond.

[–] TheGrandNagus@lemmy.world 8 points 1 year ago

The part which seems lost on most commenters is that these companies have huge and very sophisticated market research campaigns. They can predict with great accuracy how their demographics will respond.

That's pretty much what the above person said lol

They have a good idea of how many people will leave before they do it.

[–] AbidanYre@lemmy.world 31 points 1 year ago

downshift to a cheaper service.

Yarr matey

[–] baronvonj@lemmy.world 15 points 1 year ago

People will cancel or downshift to a cheaper service.

Streaming platforms make more money from you if you use the cheaper ad-supported plans. The price hikes are to get you off the ad-free plans.

https://www.hollywoodreporter.com/business/business-news/netflix-disney-now-pushing-subscribers-to-ad-tiers-1235572459/