Netflix’s 18% price hike shows it got too comfortable being the only game in town, and it could be a costly mistake (NFLX, DIS, T, CMCSA)
|01/20/2019||Posted by BusinessMediaguide.Com under General World News||
- Netflix’s price hike, announced Tuesday, could hurt the company eventually, if not immediately, the Wedbush analyst Michael Pachter says.
- Customers may not notice it right away, he said in an interview, but could pay more attention later this year when Disney launches a rival service with movies and shows that are no longer on Netflix.
- He said that few consumers were likely to choose more than one pure streaming service and that Netflix’s price hike had left it vulnerable to price competition.
Netflix’s price hike may come back to bite the streaming video leader — and maybe not so far in the read more >>>