this post was submitted on 24 Jan 2024
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Netflix Hints at Price Increases, Plans to Retire Basic Service Amid Ad-Tier Growth (www.hollywoodreporter.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Netflix Hints at Price Increases, Plans to Retire Basic Service Amid Ad-Tier Growth::Netflix says subscriptions to its ad-supported service grew by 70 percent in the fourth quarter of 2023.

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[–] prole@sh.itjust.works 6 points 10 months ago

It's called rent-seeking. There's already a well studied term for the phenomenon. I'm happy that young people are starting to recognize it, but this isn't anything new. This is how capitalism works.