Netflix plans to raise prices again in 2024, with industry analysts anticipating rate hikes and the potential cancellation of more series.
Netflix is increasing its prices and removing more content from its app.
Netflix removed 15 movies and shows in late 2023, such as Shadow and Bone and Lockwood & Co., as per Collider’s report. See the complete list below.
- The Get Down aired from 2016 to 2017.
- “Everything Sucks!” was released in 2018.
- The Society from 2019
- I Am Not Okay With This is a show from 2020.
- Julie and the Phantoms premiered in 2020.
- The Irregulars premiered in 2021.
- 1899 (2022)
- The Midnight Club released in 2022.
- Lockwood & Co. in 2023
- The Winx Saga aired from 2021 to 2022.
- The Chair is a television series that aired in 2021.
- Warrior Nun aired from 2020 to 2022.
- “Rebel (2022)”
- Shadow and Bone will air from 2021 to 2023.
- Partner Track for the year 2022
UBS Securities analysts predict that Netflix streaming plans will rise by 2024, according to Variety. Greg Peters, co-CEO of Netflix, shared during the company’s fourth-quarter results teleconference in 2023 that they kept plan prices steady last year and cracked down on password sharing to encourage more subscriptions.
Greg mentions that once Netflix completes the current phase of changes in its user interface, the company will go back to its usual method of implementing price increases. Netflix will monitor different countries to determine when the platform offers sufficient entertainment value to warrant the price being charged.
Netflix plans to use the additional revenue from higher subscription fees to expand its content library for subscribers, but their history of quickly cancelling original productions may not excite users.
I want to point out the new movies added to the Netflix catalog today, as well as three popular titles currently available on the streaming service.
