this post was submitted on 29 Oct 2023
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what a shitty take. Well, anyone who has better memory than only one month back can realize that the reason the people turned to piracy was that they raised their prices. There is no loss caused by piracy. They only missed potential gains. And the reason they raised their prices were not because they were loosing money. Was because they needed to "grow infinitely". If the free market evangelists are right, the free market will self regulate and the prices will go down in order to attract back the lost customers lol
I'm not disagreeing with you—the conclusion these services have taken are indeed not logical ones based on historical trends—but I'm curious how you know these services didn't need to raise the fees? Why have you assumed that it's to "grow infinitely"?
From my understanding, almost all streaming video providers except Netflix have been operating on a loss. That can only be sustained for so long before the parent company will need to see it begin to generate a positive revenue stream. The most straightforward way to do that is to increase subscription fees. Furthermore, the number of subscribers of Paramount+, MGM+ or even Disney+ is certainly not trending towards "infinite growth."
I'm not justifying anything, because with five monthly services that have been hiking prices I'm looking at what to slash myself, but I was eager to encourage a bit more discourse on this topic.
Nuanced post. Than you!