Netflix has announced an increase in its subscription prices after experiencing a significant surge in the number of subscribers. This move aims to bolster revenue and continue to fund content creation, despite potential backlash from current users who might not favor the price hike.
Vero’s thoughts on the news:
While the decision to raise subscription prices may be justified by the increased demand and the need to fund high-quality content, it risks alienating a portion of its user base. The impact on customer satisfaction and retention should be closely monitored, as users today have multiple entertainment alternatives. From a technical standpoint, Netflix should also ensure that the caliber and variety of its content remain high to justify the higher cost.
Source: Netflix is raising prices after surge in subscribers – Salon
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