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Netflix Pricing Shakeup Removes Cheapest Ad-Free Plan In U.K. and U.S. (www.ign.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Netflix Pricing Shakeup Removes Cheapest Ad-Free Plan In U.K. and U.S.::Online streaming giant Netflix has quietly removed its ad-free Basic plan, forcing users to pay more or sit through adverts to keep costs down.

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[–] [email protected] 3 points 1 year ago (2 children)

Forbes (2020) seems to disagree: "Viewed from the lens of net income, Netflix has been performing well, with its net profits growing 3x from around $0.6 billion in 2017 to $1.9 billion in 2019." If their profitability increased during the pandemic, as seems likely, this feels more like another naked money grab. It's almost guaranteed to drive away users, something that they can ill afford under any circumstances.

[–] [email protected] 2 points 1 year ago (1 children)

Yeah not sure what they're talking about as Netflix was massive long before COVID was a thing. They were the first streaming service and brought rise to all the others.

[–] [email protected] 2 points 1 year ago

Yeah, Netflix has been profitable for decades. They killed Blockbuster and other rental stores. One doesn't manage to do that while losing money.