No, the UK and US will not see Netflix's costs cut
Published: 24th February 2023 | Source: Reuters | Author: Mark Campbell
Netflix is lowering their prices to boost subscriber numbers in less developed nations
Netflix, the video streaming giant, has lowered the cost of its monthly subscriptions in order to grow their subscription numbers, and before you ask, no, the UK the US, and most wealthy nations will not see the cost of Netflix lower.
Netflix's slashed prices will mostly see the cost of the subscription lower in poorer, or less developed nations. In total, over 100 countries and territories are included in this cost-saving package, with price drops ranging from 20% to 60%. Countries that will see Netflix's subscription pricing drop will include Algeria, Bulgaria, Croatia, Equador, Egypt, Haiti, Liberia, Panama, Tunisia, Vietnam, and many, many more countries.
Netflix is hoping to increase their subscription numbers with more attractive pricing and seeks to discourage subscription/password sharing in order to increase the size of their paying userbase. Last year, Netflix introduced a service which offered lower pricing and introduced ads to their platform, lowering the entry level pricing of their service.
With recession fears and high inflation reducing consumer spending, a lot of people are seeking ways to save money. For many, Netflix is subscription that is on the chopping block, with many users unsubscribing from the service or lowering their subscription tier to make the service more affordable.
Following the reveal of their lowered subscription pricing, Netflix' stock value fell by almost 5%, highlighting a lack of confidence in the company from investors and analysts.
You can join the discussion on Netflix's price cuts in over 30 countries on the OC3D Forums .
Most Recent Comments
24-02-2023, 14:00:57
AlienALXSadly I wasn't prepared to keep paying whilst they pay douches like Harry and Meghan, whilst getting rid of all of the stuff I liked. They became too woke, too about BLM and all of the other political crap I detest.
They also never fixed the things I asked them to add. Or remove. Like the annoying thudding sound it makes when you log in, causing my sub to blow my flat apart even in the small hours, or their stupid auto play when you hover (usually going to an action scene that again made a load of unwanted noise) nor did they ever add the "I've watched this" tag to stop you getting 30 minutes into something before it dawns on you that you've already seen it. I both emailed them and phoned a few times asking about this but they just fobbed me off.
Why? So they can keep running the same crap for ages so it looks like they are adding content by pushing things on you that you have already seen. A crappy trick used by the terrestrial TV I stopped buying a license for three years ago for the same reasons.
I won't be going back even if they cut the price. Quote