Netflix, HBO Max, other streaming services subscribers revolt over jacked-up prices: Im done
Netflix and other streaming giants are jacking up subscription prices — and some couch potatoes say they’ve had enough.Scores of cord-cutters have taken to Reddit to vent their anger at shelling out $26.99 a month for Netflix and more than $22.99 for ad-free HBO Max — a far cry from what the services were charging when they debuted.“I’m done with the constant price hikes.After years of loyalty, I’m out,” one Netflix user wrote on Reddit earlier this week after canceling.
The unnamed Reddit user attached a screenshot of his membership cancellation.“I can’t justify paying $30 a month,” another user griped, referring to Netflix’s premium tier.The frustration comes as Netflix, Disney+, Hulu, HBO Max and other platforms have all raised prices over the past year, pushing monthly streaming costs closer to and even beyond traditional cable bills.Late last month, Netflix, the industry leader, raised the price of its premium tier to $26.99 a month, up from $24.99 — while its standard plan climbed to $19.99 from $17.99 and its ad-supported tier rose to $8.99 from $7.99.That was after HBO Max, the Warner Bros.Discovery-owned platform, hiked its Premium plan in October to $22.99 a month, up from $20.99.Its Standard tier increased to $18.49 from $16.99 and its Basic with Ads plan rose to $10.99 from $9.99.Disney+ has also steadily raised prices.
Last fall, the service announced that its Premium ad-free tier would be costing $18.99 a month, up from $15.99, while its ad-supported option climbed to $11.99 from $9.99.“Just about every major streaming service” has raised prices over the past year, Kourtnee Jackson, a senior editor at CNET, told The Post.Companies claim the increases are needed to cover rising costs, including expensive content and technology upgrades, Jackson said, noting that streaming platforms are investing heavily in live sports, gaming and new features.Morning Report delivers the latest news, videos, photos and more.
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