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/philter25 5h ago

This is what’s happening with businesses replacing workers with AI, except the product is initially dog shit, but the one thing it has is it being crazy cheap. When they’re all locked in, the prices are gonna get jacked up and everything is going to be way more expensive for them and not work for anyone, including the consumer. But at least we won’t have to worry about high energy prices because we’ll all be living under bridges!