Netflix Pricing Shakeup Removes Cheapest Ad-Free Plan In U.K. and U.S.::Online streaming giant Netflix has quietly removed its ad-free Basic plan, forcing users to pay more or sit through adverts to keep costs down.
Netflix Pricing Shakeup Removes Cheapest Ad-Free Plan In U.K. and U.S.::Online streaming giant Netflix has quietly removed its ad-free Basic plan, forcing users to pay more or sit through adverts to keep costs down.
Define successful? They were only really profitable over covid as people with nothing better to do subscribed in mass. Theyve been on borrowed time since all the content started getting pulled. Their business model stopped working 4-5 years ago and they’re just trying to do anything to stay afloat now.
Forbes (2020) seems to disagree: “Viewed from the lens of net income, Netflix has been performing well, with its net profits growing 3x from around $0.6 billion in 2017 to $1.9 billion in 2019.” If their profitability increased during the pandemic, as seems likely, this feels more like another naked money grab. It’s almost guaranteed to drive away users, something that they can ill afford under any circumstances.
Yeah not sure what they’re talking about as Netflix was massive long before COVID was a thing. They were the first streaming service and brought rise to all the others.
Removed by mod
Removed by mod
Like your one inch dick. People only need to see it once.
I mean, you can see their financial statements. All that stuff is public info since they are a publicly traded company. This chart shows the net profits since 2010 going from 161m to almost 5B
https://www.macrotrends.net/stocks/charts/NFLX/netflix/net-income