Netflix is fully eliminating the cheapest plan available to Canadians on the streaming platform without advertisements, cutting it off from existing subscribers after making it unavailable to new customers last summer.
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Wish I could do more to support them !
I’m pretty surprised that people reacted the way they did to this. I genuinely expected a jump in cancellations. I guess Netflix really have cornered the market.
Companies actively making their product worse and being rewarded for it killed a bit of hope for humanity I didn’t even think I had.
You do realize Edward Snowden happened and the entire United States was like “nAtIoNaL sEcUrItY”. Like they haven’t committed 365 million counts of breaking the right to privacy.
Edit: privacy law breaking is bad description.
Wait till you see what happens with the next election. I swear 80% of people are masochist.
I feel like most of the people that care about that already left with the password sharing thing.
Netflix is “stealing” (in a similar sense that video piracy is “stealing”) money from the pockets of Canadian citizens for the same or worse quality services.
They are now going to be an advertising driven company, regardless of what tier you’re on.
Instagram has a 10 euro/mo premium to remove ads, and they still would rather you take the ads. How long before Netflix starts nagging you to save money by turning ads on?
Capitalism gotta capitalism.
They have to make more than they did the year before. It’s the rules, and it doesn’t matter how enshittified they become in the process.
They keep throwing free year subs around like candy with cable companies so I bet that’s got something to do with it.
If I’m no longer going to have the basic subscription, then it’s a good time to try other streaming service
This is the best summary I could come up with:
News about the plan’s demise came as part of the company’s year-end announcement that its revenue in the last three months of 2023 was up by 12 per cent compared to the year before.
These investor announcements come as competitor Amazon Prime Video is set to roll out mandatory advertisements on its streaming platform.
Netflix’s stock price rose on Wednesday as its subscriber growth appeared to cement investor confidence the firm has won the streaming wars with its crackdowns on password-sharing and a strong content slate.
The company’s stock commands a premium relative to rivals, and some analysts believe the higher valuation could be justified as the ongoing push for profitability at other streaming firms will force them to license more titles to Netflix, which may help Netflix drive up subscriber growth and average revenue per user.
The firm highlighted strong demand for licensed titles such as Young Sheldon in its earnings call on Tuesday.
Its slate of shows in the fourth quarter also included the final season of the The Crown and David Fincher’s film The Killer
The original article contains 567 words, the summary contains 162 words. Saved 71%. I’m a bot and I’m open source!
