Music is next.
The shitshow will continue. I think it has just begun.
this post was submitted on 13 Aug 2023
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This is the best summary I could come up with:
The disruptive streaming model birthed by Netflix that dangled all-you-can-eat menus of films, shows, and endless entertainment without pesky advertisements for extraordinarily low prices came to an official close on Wednesday.
Disney boss Bob Iger announced during the company’s quarterly earnings report that the Magic Kingdom will once again hike Disney+ prices for the second time in less than a year, increasing the monthly cost of its ad-free plan $3 to $13.99 in October.
But Wednesday’s move to significantly bump prices, marked an acknowledgment by Iger of the media giant’s intent to squeeze more revenue out of streaming by pushing consumers to the advertising-supported plans, which have proven to be more profitable.
When Netflix first offered its pioneering service for only $8 a month, millions of people signed up, eager to have access to the company’s expansive catalog for just a fraction of the cost of the traditional cable bundle.
That served as the genesis of the streaming era, with legacy entertainment companies such as Disney racing to launch their own direct-to-consumer products at unsustainably low costs.
Couple that reality with the introduction of ads into streaming and the end product eerily resembles on-demand cable.
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(1 replies)
Rising prices is just the first stage of enshittification
Everyone is willing to stop paying for the content, but very few are willing to boycott it instead.
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It was over the day the studios wanted to have their own services instead of licensing content to Netflix and competitors.
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Cancelled Netflix last month. Still have Amazon Prime, but mostly for the delivery. The only video streaming subscription worth keeping is MUBI for now (and Nebula, but that hardly counts).
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They want >$100 a month to come out with maybe one movie and maybe two TV shows worth watching each year? No thanks, piracy for me has become more of a means to assuage my fear of missing out and keeping in touch with the cultural moment than actual enjoyment of the media they're putting out right now.
I do not believe the quality would go down if their budgets were cut significantly.