John Hodulik: Last News

Netflix are expected to raise their prices again this year, according to a new analysis by investment bank UBS Securities.Rumours about a possible price increase gained some ground at the end of January when the streamer released its quarterly shareholder letter, which contained details of a potential hike for subscribers.The letter read: “As we invest in and improve Netflix, we’ll occasionally ask our members to pay a little extra to reflect those improvements, which in turn helps drive the positive flywheel of additional investment to further improve and grow our service.”Now, the UBS analysis indicates that price rises are likely to be imminent for Netflix subscribers. “We expect to see rate increases this year,” wrote John Hodulik, who works for the Wall Street bank (via Independent).They predict the shift will contribute to an overall company growth of 15 per cent in 2024, compared to 7 per cent last year.Currently, a basic subscription costs £7.99 a month, while a standard subscription in the UK, which allows for HD and a second device, costs £10.99 a month.

Netflix Co-CEO Ted Sarandos said the company’s “disciplined” push into video games, which began two years ago, has already yielded “a bunch of positives.”

Todd Spangler NY Digital Editor Netflix’s move to start broadly monetizing password-sharing users — after years of tacitly allowing the practice with a wink and a nod — could help the streamer beat Q2 2023 earnings targets. The company again kicks off tech and media sector’s second-quarter earnings season, scheduled to report Q2 earnings on Wednesday (July 19) after the market closes. A key question on investors minds will be how well Netflix is prepped to weather the double-whammy of SAG-AFTRA and WGA strikes. In April, before either of the strikes commenced, co-CEO Ted Sarandos told analysts, “We do have a pretty robust slate of releases to take us into a long time” in the event of labor walkouts.

Discovery stock jumped today as a formerly skeptical Wall Street is increasingly out pounding the table for the stock ahead of the David Zaslav-led company’s merger with WarnerMedia.