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submitted 10 months ago by MicroWave@lemmy.world to c/news@lemmy.world

After years of inflation, Americans are used to sticker shock. But nothing compares to the surging price of streaming video.

Last week, Apple TV+ became the latest streaming service to raise its price—up from $6.99 to $9.99 per month—following the example of Disney+, Hulu, ESPN+, and Netflix, which all hiked their prices in October.

Half of the major streaming platforms in the U.S. now charge a monthly fee that’s double the price they charged when they initially came to market. And many of these streaming services haven’t even been around for 10 years.

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[-] SkepticalButOpenMinded@lemmy.ca 45 points 10 months ago

What the hell. Can people please cancel en masse already? Why are consumers putting up with this? The price increases stop once it’s not profitable anymore.

[-] Chozo@kbin.social 14 points 10 months ago

The price increases stop once it’s not profitable anymore.

When has this ever happened?

[-] SkepticalButOpenMinded@lemmy.ca 7 points 10 months ago

Just to be clear, are you questioning whether there’s ever been a case where prices have been stable because a company is worried about losing customers? I mean, there are tons. We’re coming out of a 20 year period of historically low inflation. High inflation is recent, not inevitable.

Consumer electronics are an obvious example. Smart phone prices actually dropped this year on soft demand.

[-] stella@lemm.ee 2 points 10 months ago

This generation of consumers is even dumber than the last one.

They pride themselves on getting taken for a ride because it gives them a sense of belonging.

this post was submitted on 06 Nov 2023
284 points (98.6% liked)

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