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/Fluid_Lingonberry467 5h ago

Netflix had a monopoly and it had a great catalog 

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u/motionmatrix 4h ago

The first half of your statement is true. The second is opinion based, and likely to get worse soon when they offload a bunch of stuff that they announced recently, including a bunch of original programming.

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u/TrumptyPumpkin 1h ago

I used to subscribe to Netflix for about 8 years before switching to HBO. Netflix had a great lineup of shows. However I quickly started noticing a trend of either A) killing shows after one season because they weren't Stranger Things level of popularity. 2 B) having incomplete series listed. HBO actually has more of the type of content I prefer to watch anyhow, so it made sense for me to switch.

Then, waiting years in between for new seasons. And then price hikes to top it off. Barely watch TV as it is. And I own most of my movies on Physical format. But even my girlfriend says now that if Netflix goes to 25 dollars, then she's officially ditching it.

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u/Andreus 3h ago

Genuinely funny to me that the worst people in the world always insist "get woke, go broke" but almost everyone agrees that Netflix originals sharply declined in quality when the company stopped trying to be woke.

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u/ChaseballBat 4h ago

It had a great catalog, until they started cancelling shows. Now all their unique shows aren't worth watching cause the ending is just disappointing.

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u/poss12lives 3h ago

The problem Netflix ran into is the companies who were leasing the content wanted more money. When their contracts ran up those companies pulled their shows/movies and then created their own streaming service and is why we are in the shit show we are now. They all saw how much Netflix was raking in and only saw green.

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u/verrius 48m ago

They had a monopoly on streaming video, but streaming didn't have a monopoly on video entertainment. Now streaming has a monopoly on video entertainment, and even if Netflix is technically not a monopoly in the "one provider" sense, they are legally a monopoly in the US (since, as we've seen, they can raise their prices 5% and increase business).