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Why does Netflix continue to increase their rates despite increased competition?

I don’t get it, Netflix use to be $8 back in the day and it used to be a no brained to subscribe. But they’ve significantly  increased their prices over the years and with more competition, such as Hulu, Prime and Disney plus, all of which are cheaper than Netflix, it almost seems like they are asking people to unsubscribe. How are they ok with increasing their rates when there is increased competition that’s cheaper?

4 Answers

Relevance
  • 2 weeks ago

    They started off rather cheap. Pandemic gave them a major boost. 

  • Anonymous
    2 weeks ago

    The only reason they would do this is because they are trying to turn a profit. Look it up, their financials are public. I'm not sure they even profit from what they do. They have borrowed a lot of money. Anyway, use google, it's free.

  • 2 weeks ago

    maybe they want to make more money

  • 2 weeks ago

    They have more and more original programs. Those are expensive to produce. 

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