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Netflix Plans Price Hike After Actors' Strike Is Resolved (Report) | TheWrap (www.thewrap.com)

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

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Streaming competitor Disney+ is looking to boost revenue with live sports tier

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[–] [email protected] -2 points 1 year ago (9 children)

Isn't that price gouging? Isn't price gouging illegal?

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

yeah "price gouging" is not the same thing as "increasing prices a lot" or "increasing prices at a time that makes people think, ooh wee, that's not a very nice thing to do."

[–] [email protected] 0 points 1 year ago (3 children)

Price gouging is the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair. Usually, this event occurs after a demand or supply shock.

https://en.wikipedia.org/wiki/Price_gouging

Price increased. Supply shock due to strikes. Sounds like price gouging to me.

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[–] [email protected] -4 points 1 year ago (29 children)

They will have higher overhead from the writers demands, that cost is usually passed onto consumers

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