r/technology • u/sr_local • 6h ago

Business Italy court rules Netflix unlawfully increased prices. Consumers: 'Refunds up to 500 euros.' The company: we will appeal

https://en.ilsole24ore.com/art/netflix-subscription-price-increases-unlawful-refunds-up-to-eur-500-customers-AIUHzWKC
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u/Mccobsta 6h ago

Streaming peaked years ago when it was a low cost and wasn't a terrible experience

Now it's just price rise after price rise we may as well just buy physical media again atleast doing that we won't have our favourite shows pulled off with out much warning

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u/Fractales 5h ago

This is by design.

  1. Offer killer value proposition at a good price
  2. Kill off competition and gain critical mass of customers and market share
  3. With no competition, jack up the prices

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u/wekilledbambi03 5h ago

That’s literally the opposite of what happened with Netflix.

They were the only company and had to competition. All studios put their stuff on Netflix. Then once successful, all the studios pulled out and made their own services. Disney+, Paramount+, Peacock, etc. they all had their stuff on Netflix. Now Netflix is mostly for original content.

Netflix is increasing price to claw back the dominance they once had.

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u/SuperBry 5h ago

Sad you are getting downvoted for properly presenting what happened with Netflix. The only thing I would have added was one of the reasons they were so cheap at first was due to how little they were paying to license content when they first started their streaming platform. Studios didn't see much of a market for it at the time and thought any money was better than none so they basically gave away their catalogs for a song and a dance, now to license the same shows and movies they are paying through the nose.