Below is a look at the most exasperating news from streaming services from this week. The scale of this article demonstrates how fast and frequently disappointing streaming news arises. Coincidentally, as we wrote this article, another price hike was announced.
We’ll also examine each streaming platform’s financial status to get an idea of what these companies are thinking (spoiler: They’re thinking about money).
Netflix starts killing its cheapest ad-free plan in June
Sony bumps Crunchyroll prices weeks after shuttering Funimation
Peacock is raising prices
Fubo cuts 19 channels
In a seemingly desperate push, many streaming services prioritize revenue and profits ahead of building the best streaming service for customers.
We could go on about how this might force people to reconsider their subscriptions, but we should publish before another service makes yet another policy change.
It’s the tech business model. Slowly building up a sustainable business has been replaced with coasting on investment money while attempting to capture an entire global market. Because these products can scale so easily. Now they’re entering the “oh shit we need to make money now” phase of the business model.
It’s not evil capitalists. It’s people acting rationally. The incentive structure leads to this behaviour. Eventually these services will consolidate into 2 or 3 major ones, like they do in every global tech market. Everyone will complain about it. But they’ll keep paying for it, because what other (legal) choice is there?
IOW, don’t hate the player, hate the game.
I have plenty of capacity to hate both.