Did you swipe left on your Netflix account too?
The streaming giant Netflix recently raised their subscription rates and it lead many subscribers to jump ship. Myself included. The company reported low, low numbers after the price hike. In fact only 160,000 new subscribers vs the forecasted 509,000. What does this mean for Netflix and other rival streaming services?
Well, unfortunately it doesn’t mean the price will go down. In fact, they announced that costs will continue to rise as they transform from boutique studio to powerhouse. What it might mean is that people aren’t watching TV as much… who the hell are we kidding? Of course they are! They are just sharing accounts like the good ole days of Netflix.