Here is the latest information on the Netflix price increase. This is why prices have gone up in 2023 and why it is so expensive.
in the US, UK, and France yet again, and subscribers are wondering why the company continues to raise its prices. Here’s a breakdown of Netflix’s latest price hike and why it is happening in 2023.While there are multiple factors involved, the latest price hike is largely to make up for password sharing.
According to the business model that Netflix follows, it can only continue to grow and turn in profits by gradually increasing its number of subscribers and eventually raising subscription costs. That’s how it will cover its debt and production costs for hundreds of upcoming titles while maintaining its market share value.
Furthermore, Netflix also offers its users the highest number of new movies and TV shows per year compared to all other streaming services and production houses. That’s what allows it to stay ahead of its competition. So, the price increase is also a measure to make up for that.Amazon Prime Video Schedule October 16-22: New TV Shows & Movies Being Added
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