Current Event 10/9

The article, “Netflix raises prices,” was published onto KLTV news on October 9th. The news article merely and quite unclearly states that Netflix is raising their monthly prices, due to the streaming of television series on two devices at once. This is not entirely bad for a number of people who enjoy Netflix. Reason being, they are only slightly raising prices by one dollar, therefore, they can add a more significant amount of TV series, and movies to their services. I feel excited, but also sad about this event. I enjoy spending my time watching Netflix and relaxing. The price doesn’t affect me that greatly. I do feel it isn’t a necessity to raise prices by only 1$. It also, in a way, doesn’t affect me, because I’m not the one paying for it. The price raise affects new customers in the U.S., Canada, and Latin America. Netflix raises a significant amount of money and their profits will shoot up just because of a single dollar. So many people have Netflix, that even if people refuse to pay, that will still make money. I think, however, people will be willing to pay the extra dollar because of Netflix’s popularity. The world will still enjoy Netflix, even with a price raise.

 

http://m.kltv.com/kltv/db/330566/content/thEMjxoe

 

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