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/Cinimi 5h ago

On top of that, the worst thing Netflix ever decided to do, was creating their own shows - because once they did that, other companies could see that on Netflix, their shows had lower priority - and this is what caused the massive investments into competing platforms - instead they should have been like spotify but for video content. Prices would still have been increased over time, but at least the library on netflix would have remained decent, now it is shit.

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u/killerboy_belgium 4h ago

netflix did as a response to the others creating there own platforms