Netflix's Plan to Raise Fees Is a Gamble
Oct 14, 2023
Netflix has announced it’s planning to raise subscription prices after the actor’s strike is resolved. They must be concerned about performers receiving the higher residuals they demand from streaming. The recent writer’s strike resulted in, among other concessions, a 20% residual to be awarded for the first three months after a show’s initial release. Netflix hasn’t announced the amount it intends to raise the monthly fee for subscribers, likely waiting for the outcome of the SAG-AFTRA deal once it’s reached.
The findings of a new study may throw a wrench into the works. A new study found that 39% of current subscribers would cancel the service outright if the price goes up. Another 31% indicated they would switch to a cheaper, ad-supported service. With more content leaving Netflix and other outlets vying for audiences, Netflix has certainly lost market share. New original content hasn’t fared as well as some of the classic shows Netflix produced in the past. It will be interesting to see the fallout of yet another price increase.
What Happened, Miss Simone? Trailer
It may be a good time to watch those music documentaries before you decide to move on. Here are a few that may be of interest:
Rolling Thunder Revue: A Bob Dylan Story by Martin Scorsese
Quincy, an “intimate portrait” of legendary producer Quincy Jones
Springsteen on Broadway
ReMastered Collection, a series taking a close look at the death of Sam Cooke, a history of Robert Johnson, and more
Like a Rolling Stone: The Life and Times of Ben Fong-Torres (remember him from Almost Famous?)
Dolly Parton: Here I Am
What Happened, Miss Simone? The Oscar-nominated doc about Nina Simone
Keith Richards: Under the Influence, a journey through Richard’s influences
My recommendation would be to skip Count Me In unless superficiality is your thing (read my review).