Capitalism seeks the highest profit, but what that means depends on the customers.
With the Netflix password sharing crackdown risky bet, customers answered loud and clear: they are more than willing to pay more money to access the same content instead of standing their ground on the decision.
When there is actual competition and customers are demanding of what the offering should be, that’s when we see prices go down.
There are an increasing number of markets where monopolies and deals between companies leave people without any choice to make at all, but I don’t think the market of streaming services is an example of this.
Capitalism seeks the highest profit, but what that means depends on the customers.
With the Netflix password sharing crackdown risky bet, customers answered loud and clear: they are more than willing to pay more money to access the same content instead of standing their ground on the decision.
When there is actual competition and customers are demanding of what the offering should be, that’s when we see prices go down.
There are an increasing number of markets where monopolies and deals between companies leave people without any choice to make at all, but I don’t think the market of streaming services is an example of this.