Netflix is preparing investors and users for more price hikes in 2024
Publishing timestamp: 2024-01-23 16:41:00
Summary
Netflix has hinted at potential price hikes in its quarterly investor letter, stating that they may ask members to pay a little extra to reflect improvements and drive further investment. The company has not raised the price of its ad tier since its launch in 2022. Netflix recently announced a deal to add 10 years of WWE's Raw to its content slate, which may give them leverage to increase prices. The article also mentions Disney's upcoming direct-to-consumer ESPN product, which could potentially justify a price increase for Netflix.
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Keywords: media, netflix inc, business news, technology, walt disney co, breaking news: business,