Entertainment

Netflix warns price rises to hit subscriber growth

Bull
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votes

Posted: 17/04/19 - 09:26
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Netflix expects subscriber growth to slow in the second quarter as the film and TV streaming firm continues to roll out price rises.

The company reported strong sales and profits for the first quarter, including 9.6 million new subscribers

However, Netflix expects that number to slow between April and June.

The company is lifting its prices across the US, Brazil, Mexico and some parts of Europe to help fund the production of its own content.

Most recently, Disney and Apple separately announced that they will be launching their own rival streaming services.

Netflix said it is "excited to compete" with its new rivals, adding: "We don't anticipate that these new entrants will materially affect our growth."

I Call Bull: CAlling BULL on...

1) Them sticking a price increase on a $5bn turnover with healthy profit already

2) That excited to compete comment

3) Not expecting and change to their growth from the new competition in the market

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4 Comments
35 days
2 upvotes
The Apple holds no appeal to me right now, but the Disney one is a definite in my household with three new Marvel series (Avengers off shoots) and of course the Boba-Fett inspired The Mandalorian
36 days
3 upvotes
"excited to compete with its new rivals" - who are they kidding, what a load of old BULL there sh*tting themselves as they know Disney is about to take a massive chunk of their profits.
36 days
3 upvotes
With Disney competing maybe Netflix are increasing prices now to make as much profit as possible as they know sub numbers will drop once Disney starts up its service. Seems like a blatant cash grab by Netflix and one that i'm sure wont endear them to anyone.
36 days
3 upvotes
Disney http://bit.ly/2VPYmTo and Apple http://bit.ly/2IqEzqC are both closing in and this smells like a last minute squeeze on subscribers whilst they still can