Hey fellas, how many of you are spending most of our days on Netflix and a glass of your favorite drink?
If you are one among this above-stated group, the next news popping up is obviously for you.
Netflix is on the way of having a price rise for its subscription soon in the US and Europe, but it won’t suffer any backlash is what has been stated by Wall-street Analyst Alex Giaimo of Jefferies.
There was a shift in tone in the remarks of the management from the first quarter to the second in July. An increase of $1 to $2 is expected in Northern America and Europe and this, in turn, would lead to an increase in revenue for the leading web platform.
The company has thriven and successfully earned millions during the pandemic, where there was an addition of as large as 26 million subscribers to its already existing list.
It had a healthy competition with the other streaming giants, subscriber growth though flattened a little in US, the curve always showed an upward trend.
Moreover, the streaming giant is confident of its developed content library and thus desires to add on to its revenue.
Guys, what do you think, how far will this step be beneficial for the users?
Will Netflix earn more profit or will its revenue earning become stagnant?
Do share your views in the comments section.
Love and Best wishes to all.