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

submitted 1 year ago by danhakimi@kbin.social to c/television@lemmy.world

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

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[–] danhakimi@kbin.social 2 points 1 year ago* (last edited 1 year ago) (1 children)

one of their large investors saying "hey, hike prices" justifies a price hike. A profit reduction equal to .214% of revenue (and other concessions that could hurt the company in other ways) is far more than the amount of justification they need.

[–] FlyingSquid@lemmy.world 1 points 1 year ago

I guess your definition of 'justified' is much more capitalistic than mine.