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Netflix confirms it’s cutting off Apple billing for grandfathered subscribers (www.theverge.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Netflix confirms it’s cutting off Apple billing for grandfathered subscribers::Netflix legacy subscribers who’ve been paying through Apple’s payments system will now have to switch to paying Netflix directly.

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[-] Jakdracula@lemmy.world 18 points 8 months ago

lol, wut? You actually believe that Netflix would charge _less_if Apple wasn’t in the picture? Wow.

[-] Passerby6497@lemmy.world 6 points 8 months ago

You really don't think prices are affected by a middleman taking 30% of the price you charge??

[-] Jakdracula@lemmy.world 11 points 8 months ago

Pricing is only effected by the willingness of the consumer. That’s all.
If you’re willing to pay $100 a month, Netflix will charge $100 a month.

[-] Passerby6497@lemmy.world 4 points 8 months ago

Yes, only the willingness of the consumer. And also profits required by investors and shareholders. And the ability to supply the product and the required ongoing costs. And the costs of licensing.

But yeah, only the willingness of the consumer affects prices. Yep. Losing money that the consumer is willing to pay to a middleman wouldn't have any affect on long term pricing.

[-] Jakdracula@lemmy.world -1 points 8 months ago

Nope.

If a consumer is unwilling to pay the price, then none of the other stuff matters. It’s very simple to understand - in order for a company to be profitable after expenses, such as product development, whatever ongoing cost, etc. - if the consumer is unwilling to pay the price for the product or service, than there is no business. It is up to the business to find a way to run their company for a profit.

[-] FooBarrington@lemmy.world 1 points 8 months ago

My guy. Prices are based on the costs and the profit. Higher costs means higher prices, because companies maximize their profit.

this post was submitted on 27 Feb 2024

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