Article 8

05 / 10 / 17 - Netflic raises prices for first time in two years 

Image result for netflix

In this article, it clarifies how Netflx which is an American Entertainment company that specialises in and provides streaming media and video - on demand have increased their prices in the UK and the US for the first time in 2 years. They essentially increased the subcription prices in both countries. 

  • A Standard UK plan will rise 50p to £7.99 a month, while a premium subscription for four simultaneous users jumps £1 to £9.99 a month. 
  • The Standard US plan increases by $1 to $10.99 a month, with a $2 rise to $13.99 for the premium option. 
  • A basic subscription of Netflix which does not offer High Definition streaming will stay at £5.99 a month.
  • In July, Netflix stated that they have 104 million subcribers globally while the revenues rose 32% in the second quarter to $2.8 billion. 
  • Shares in Netflix closed 5.4% in New York, bringing the stock's gain this year to 56%. 
Essentially, I believe that the choice that Netflix made to increase prices in the UK and the US is rather a good choice but also negative. The decision was good because then they have more income that means from the subscribers and new subscribers. However, some people might be willing to cancel out subscription or the price might not attract people. 

Comments

Post a Comment

Popular posts from this blog

NDM: The decline in Newspapers - MM case studies

The New Day The New Day was a brand new newspaper launched by institution Trinity Mirror in 2016 - but it folded after just two months.   Read the feature: 'A New Day for British journalism' on page 6 of Media Magazine 57 (our  Media Magazine archive is here ) and complete  the following tasks on your blog: 1) What was the New Day trying to achieve? The New Day newspaper when it was released, it's objectives were tap into a new market with a more modern approach. They realised that what they had available on the newsstand wasn't meeting the needs of the market. Essentially, the New Day newspaper was trying to give the customers a different insight and they wanted to meet the needs of the customers through giving them a modern way of approach to news.  2) List the key statistics on the first page: how many people buy newspapers in the UK? How has this declined in the last year? Over 6 million people buy a newspaper everyday in the UK.  But due to people turning
Read more

Article 2

Image
16/09/2017 - Rise of the Electronic bike  Electronic Bikes  The electronic Bikes are rising globally in the sense that it could "help tackle congestion and make your daily commute cheaper and less stressful". An E-Bike is essentially a bicycle that consists of a battery and an electric motor which assists you when pedalling - up to 15.5 mph in the UK. Its still an exercise in terms of pedalling but it does provide that extra boost in speed. In my opinion, in terms of e-bikes being more globally known in the future, it would have a certain impact on the society in the sense that it wouldn't be as much exercise for the younger generation who need to stay fit and healthy. But for the elderly people, it is understandable because they do need that extra boost in pedalling because they are not fit and healthy like the younger generation.
Read more

Article 12

Image
29 / 10 / 17 - Hotel booking sites probed by consumer watchdog  In this article, it focuses on how the hotel booking sites such as Trivago and Booking.com are being probed by the UK's competition Watchdog due to the fact that they want to see if they are misleading their customers. They feel that rather helping consumers, the hotel booking sites are making it more difficult for them.  They are bound to investigate whether hotel booking sites are misleading consumers. The investigation will examine areas such as hidden charges, search results and discount claims.  The CMA stated that they were "concerned about the clarity, accuracy and presentation of information on sites".  Trivago which is a hotel booking site owned by the Expedia company stated that "Trivago will work with the CMA to explain the beneifits it delivers to consumers looking for their ideal hotel." Booking.com which is another hotel booking site stated that they do not want to com
Read more