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Tag: Prices

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  • Netflix Raises Prices Including First Hike on Ad-Supported Tier


    Netflix is increasing subscription prices in the U.S. and other markets — including the first hike on its ad-supported plan.

    The streamer revealed the price increases along with its Q4 2024 earnings results Tuesday, when it announced its biggest-ever quarterly increase in subscribers with a gain of 18.9 million for the period.

    Under the new pricing in the U.S., Netflix’s Standard plan without ads will rise by $2.50 — going from $15.49 to $17.99 per month. It’s been three years since Netflix upped the pricing of the Standard tier, which provides two simultaneous HD streams.

    In addition, Netflix’s ad-supported tier will cost $7.99 per month, up $1 from $6.99. The price of the Premium tier, with four simultaneous streams, will be $24.99 per month, up $2. The cost of adding an Extra Member to a primary account is increasing from $7.99 to $8.99 per month.

    “As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix,” the company said in its quarterly letter to investors. “To that end, we are adjusting prices today across most plans in the U.S., Canada, Portugal and Argentina (which was already factored into the 2025 guidance we provided in October 2024).”

    In its last major U.S. price hike, in October 2023 Netflix raised the price of the Basic plan from $9.99 to $11.99 per month in the U.S. and upped the Premium price from $19.99 to $22.99. (In the U.S. and several other markets, it no longer offers the Basic plan, with the “Standard With Ads” tier serving as the entry-level option.) At that time, the cost of the streamer’s ad-supported remained at $6.99 per month in the U.S. and the Standard package stayed at $15.49 per month. The last time Netflix raised the U.S. price of the Standard plan was in January 2022.

    In announcing the Q4 earnings and price increases, Netflix raised its 2025 outlook for revenue to be between $43.5 billion and $44.5 billion (up $500 million from its prior forecast) and for operating margin to be 29%, up one percentage point from the prior forecast.

    “Netflix reaffirms its leadership position and is absolutely running away in the streaming market,” said Paolo Pescatore, analyst and founder of PP Foresight, commenting on the Q4 earnings. “It is now flexing its muscles by adjusting prices given its far stronger and diversified programming slate compared to rivals.”

    Netflix did not raise subscription prices in 2024, but execs said multiple times last year that rate increases were on the table.

    On Tuesday, the company said ad-supported plans in Q4 accounted for over 55% of sign-ups in its ads countries and membership on the ads plan grew nearly 30% quarter over quarter. Netflix also Tuesday announced an “Extra Member With Ads” offering in 10 of the 12 countries where it has an ads plan “to give our members additional choice and flexibility.”

    “We’re on track to reach sufficient scale for ads members in all of our ads countries in 2025. A top priority in 2025 is to improve our offering for advertisers so that we can substantially grow our advertising revenue,” the company said in its investor letter.



    Netflix has announced that it will be raising its prices, including the first hike on its ad-supported tier. The popular streaming service will be increasing its rates in order to continue providing high-quality content to its subscribers.

    This price hike comes as Netflix faces increased competition from other streaming services and struggles to keep up with rising production costs. The ad-supported tier, which was introduced last year as a cheaper alternative to the regular subscription plans, will see its first price increase since its launch.

    While some subscribers may be disappointed by the news of higher prices, Netflix has assured customers that the increase will allow them to continue investing in new content and improving the overall streaming experience.

    It’s important to note that the price hike will vary depending on the region and subscription plan, so subscribers should check their account settings to see how much their monthly fee will be increasing.

    Overall, Netflix remains a top choice for many viewers looking for a wide variety of shows and movies, and the price increase reflects the company’s commitment to delivering quality entertainment.

    Tags:

    Netflix, price increase, streaming services, ad-supported tier, subscription cost, entertainment news, digital platform, online viewing, price hike, streaming industry, subscription services, media consumption

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  • Netflix is raising prices after reporting largest-ever subscriber jump



    New York
    CNN
     — 

    Netflix announced Tuesday it will raise prices on most of its subscription tiers in the US and Canada after the streaming giant reported 19 million new subscribers in the last quarter of 2024.

    The jump in subscribers, Netflix’s biggest-ever, puts the streaming giant at 302 million globally, solidifying the company’s hold on the top spot in the industry.

    Netflix attributed the service’s success to the Mike Tyson and Jake Paul boxing match in November, which drew 108 million global viewers, making it the most-streamed sporting event ever. The streamer later hosted two Christmas Day NFL games, which averaged 30 million global viewers, making them the most-streamed football games in history.

    Subscriptions were also buoyed by the massive success of “Squid Game” season two, which is currently the streamer’s third-most-watched TV season.

    The price increases announced Tuesday will see the standard monthly membership without advertisements increase from $15.49 to $17.99, while a standard account with ads will rise one dollar to $7.99. Its highest-priced premium tier, which includes 4K video quality, will increase by $2 to $24.99.

    “As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix,” the company said in a letter to investors.

    Netflix also reported revenue increased 16%, exceeding $10 billion for the first time in the company’s history, while operating income totaled $2.3 billion, a 52% on-year increase.

    The company’s stock surged 13% on the news Tuesday afternoon.

    The earnings report marks the final time Netflix will report its paid membership figures on a quarterly basis, though the company has said it will continue to share key membership milestones as they happen.

    This is a developing story and will be updated.



    Netflix recently announced that it will be increasing its subscription prices after reporting its largest-ever subscriber jump in the first quarter of 2021. The streaming giant added a whopping 15.8 million new subscribers globally, far surpassing expectations.

    As a result of this surge in new users, Netflix has decided to raise its prices in certain regions to help fund its ever-growing content library and investment in original programming. While the exact price hikes have not been specified yet, subscribers can expect to see an increase in their monthly subscription fees in the coming months.

    Despite the price increase, Netflix remains a top choice for consumers looking for a wide variety of movies, TV shows, and original content. With an ever-expanding library and a commitment to delivering high-quality entertainment, Netflix continues to dominate the streaming market.

    So, if you’re a Netflix subscriber, be prepared for a slight increase in your monthly bill. But with the abundance of content and new releases coming your way, it may just be worth the extra cost.

    Tags:

    1. Netflix price increase
    2. Netflix subscriber growth
    3. Netflix subscription cost
    4. Netflix price hike
    5. Netflix subscriber increase
    6. Netflix pricing update
    7. Streaming service price increase
    8. Netflix subscription fee
    9. Netflix membership cost
    10. Netflix user growth trends

    #Netflix #raising #prices #reporting #largestever #subscriber #jump

  • Trump ends program to lower prescription prices, make disease therapy available


    Call it the Make Drug Prices High Again executive order. 

    Among many executive orders signed Monday by incoming President Donald Trump was an order reversing an initiative signed by former President Joe Biden directing Medicare and Medicaid agencies to test models that could both lower prescription drug prices and make cell and gene therapy treatments more accessible to Medicaid recipients. 

    Alabama was among numerous states that opted into the Cell and Gene Therapy Access Model, which was accepting applications for the program through February. 

    Cell and gene therapies have shown great promise in treating a number of diseases and have proven to be particularly effective in treating a number of types of cancer and sickle cell. However, the therapies are expensive and were thus unavailable to most Medicaid recipients prior to the implementation of the pilot program. The program created multi-state purchasing agreements that made the treatments more affordable for states, thus allowing Medicaid recipients – most of whom are children and/or live well below the poverty line – access to the life-saving treatments. 

    Additionally, Trump’s reversal of Biden’s order ended two other programs that lowered prescription drug costs. The first program implemented in Medicare a flat $2 copay for all generic medications – a program that the administration hoped would lead to more seniors taking their necessary medications. 

    The second program had Medicare pay less for drugs that received accelerated approval from the FDA. Such approval is often achieved when a drug proves to be safe but not necessarily effective. The program, theoretically, would have led to manufacturers completing the FDA process before rushing ineffective drugs to market in an effort to increase profits quickly. 

    All of these programs were an extension of Biden’s Inflation Reduction Act, which proved to be an incredible success when juxtaposed to the struggles of other nations navigating high inflation following the pandemic. A portion of the IRA specifically addressed prescription drug prices and began the process of having Medicare and Medicaid negotiate significantly more pharmaceutical prices and place price caps on hundreds of drugs. 

    Advertisement. Scroll to continue reading.

    The Gene and Cell Therapy test program, according to Biden’s Executive Order 14087, was specifically targeted to help Americans better afford cancer treatments.



    President Trump has made the controversial decision to end a program aimed at lowering prescription drug prices and increasing access to cutting-edge disease therapies. The program, which was implemented under the Affordable Care Act, was designed to make life-saving medications more affordable for millions of Americans.

    Critics of the decision argue that ending the program will result in higher drug prices and limited access to essential therapies for those suffering from chronic and life-threatening conditions. They believe that this move will only benefit pharmaceutical companies at the expense of patients who rely on these medications to survive.

    Supporters of the decision, however, argue that the program was ineffective and did not actually lower drug prices as intended. They believe that by ending the program, the pharmaceutical industry will be incentivized to lower prices on their own accord, leading to more competition and ultimately lower costs for consumers.

    Regardless of where one stands on this issue, it is clear that President Trump’s decision will have far-reaching implications for those in need of critical medications and therapies. The debate over the future of healthcare and prescription drug prices in America continues to rage on.

    Tags:

    Trump, prescription prices, disease therapy, healthcare, healthcare policy, Trump administration, healthcare access, prescription drug costs, healthcare reform, affordable healthcare, healthcare affordability

    #Trump #ends #program #prescription #prices #disease #therapy

  • As some analysts “hope” GTA 6 will normalize $100 games, one Baldur’s Gate 3 dev points out that “prices haven’t risen with inflation”


    When I was a kid, video games cost $40. Now they’re $70, and analysts are discussing a potential $100 price tag for Grand Theft Auto 6. One Baldur’s Gate 3 dev says companies hoping for this are “saying the quiet part out loud.”

    GTA 6 is one of the most-anticipated games in history. We’re all going to buy it, that much is certain, the only question that remains is how much we’ll pay for it. The $70 standard for triple-A games came into effect a few years ago, but in 2024, some of the best-selling games were around $40. Helldivers 2 and Palworld both did phenomenally well at those lower prices, but now analysts are wondering if GTA 6 will actually push video games to be even more expensive.





    The gaming industry is no stranger to controversy when it comes to pricing, and the debate over the standard cost of video games has been ongoing for years. Recently, some analysts have been speculating that the highly anticipated release of GTA 6 could potentially set a new standard for game pricing, with some suggesting that $100 games could become the new norm.

    However, one developer from Baldur’s Gate 3, the highly acclaimed RPG game, has pointed out that game prices have not kept up with inflation over the years. In a recent interview, the developer highlighted the fact that the cost of developing and producing games has increased significantly, while game prices have remained relatively stagnant.

    With the rising costs of game development and production, many developers are finding it increasingly challenging to turn a profit on their games. This has led to the rise of microtransactions, season passes, and other monetization strategies to offset the costs of game development.

    As the gaming industry continues to evolve, it will be interesting to see how the debate over game pricing unfolds. Will $100 games become the new norm, or will developers find alternative ways to monetize their games? Only time will tell.

    Tags:

    • GTA 6
    • $100 games
    • Baldur’s Gate 3
    • Analysts
    • Inflation
    • Video game prices
    • Gaming industry
    • Price normalization
    • AAA games
    • Game development trends

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  • MN State Fair raising ticket prices in 2025


    FALCON HEIGHTS, Minn. (FOX 9) – The Minnesota State Fair will hike ticket prices by $2 this year, bringing the cost of a regular ticket for an adult to $20.

    Ticket price increase

    What we know:

    Fair officials announced on Sunday, following the Minnesota State Agricultural Society’s Annual Meeting, ticket prices would go up as the fair looks to “fund extensive capital improvements and maintenance work and address rising operational costs.”

    Among the projects the fair is eyeing this year is a $22 million renovation of the historic Lee & Rose Warner Coliseum.

    The fair kept ticket prices flat in 2024 after a series of $1 hikes in the years prior. Ticket prices were raised by a dollar in 2019, 2021, 2022, and 2023. Over the past twenty years, ticket prices for the fair have more than doubled, going from $9 in 2005 to $20 this year. Many of the recent hikes came as the fair tried to rebound after losing the 2020 festival due to COVID.

    On-site parking prices will also go up, jumping from $20 to $25.

    Dig deeper:

    Minnesota State Agricultural Society board approved a $71 million budget at the meeting.

    Along with the Warner Coliseum renovation, the fair is looking to make upgrades to 4-H building roof, fencing and gate areas, “revamping” the Creative Activities Annex, Christensen Pavilion upgrades, repairing sidewalks and streets, improving lighting, replacing water stations, buying misting machines, and street pavement, caring for and adding trees, and purchasing a police squad..

    Among rising operational costs, the fair says its public safety budget has more than doubled since 2019 while it is also “prioritizes providing competitive wages for the fair’s more than 2,000 seasonal and fair-time staff members.”

    Minnesota State Fair ticket prices

    By the numbers:

    With the increases across the board, prices for tickets bought during the fair will be:

    • Adult (ages 13-64): $20
    • Seniors and kids: $18
    • Children ages 4 and under: Free

    Tickets are currently available at a discount, $15 for all ages, until Jan. 26. After Jan. 26, tickets will be available at a pre-fair discount of $17 for all ages.

    What they’re saying:

    In a statement, Minnesota State Fair CEO Renee Alexander wrote:

    “Our goal is to exceed the expectations that guests and fair participants have for an exceptional experience in well-maintained facilities. Delivering on this while ensuring the sustainability of our operations requires increased investment and financial stewardship. We consciously did not raise ticket and parking prices last year because we know that Minnesotans’ budgets are tight. We encourage our guests to take advantage of the many ways to save on admission – such as buying pre-fair discount tickets – as nearly 60 percent of our guests did in 2024. Because we strive to keep admission prices as low as we can, this makes it challenging to account for the expense of improving our aging facilities and infrastructure. We do not take lightly the decision to increase prices, and every dollar earned is reinvested into ensuring the State Fair remains a premier experience and one of the best values you’ll find for any event.”

    The 2025 Minnesota State Fair

    What’s next:

    The 2025 Minnesota State Fair is scheduled to be held from Aug. 21 to Labor Day, Sept. 1.

    Big picture view:

    The 2024 Minnesota State Fair ended with the 5th highest total attendance in history.

    The fair also saw five daily attendance records broken during the 2024 festival: 

    • The first Thursday saw 138,875 people — the previous record was 133,326 in 2016.
    • The first Friday saw 171,233 people — the previous record was 164,741 in 2023.
    • The first Wednesday saw 145,531 people — the previous record was 144,940 in 2018.
    • The second Friday saw 225,521 people — the previous record was 209,789 in 2019.
    • The second Sunday saw 256,015 people — the previous record was 245,243 in 2019.

    Minnesota State FairFalcon Heights



    The MN State Fair announced today that they will be raising ticket prices for the 2025 fair. Starting next year, admission will increase by $5, making the new price $20 for adults and $15 for seniors and children. This decision comes as the fair looks to cover rising costs and continue to provide a top-notch experience for fairgoers.

    The MN State Fair is known for its wide variety of food, entertainment, and attractions, and organizers are confident that the increase in ticket prices will not deter attendees. They assure fairgoers that the extra revenue generated will go towards improving and expanding fair offerings, ensuring that visitors have an unforgettable experience year after year.

    While some may be disappointed by the price hike, many loyal fair fans understand the need for the increase and are willing to pay a little extra to support this beloved annual event. Stay tuned for more updates on what to expect at the 2025 MN State Fair!

    Tags:

    MN State Fair, ticket prices, 2025, state fair, Minnesota, fair tickets, price increase, event tickets, entertainment, family fun, food and drink, carnival rides, live music, agricultural exhibits, MN State Fairgrounds

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  • Market Slump Drags Down Share Prices of These 15 Companies

    Market Slump Drags Down Share Prices of These 15 Companies


    Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

    The whispers are turning into roars.

    Artificial intelligence isn’t science fiction anymore.

    It’s the revolution reshaping every industry on the planet.

    From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

    Here’s why this is the prime moment to jump on the AI bandwagon:

    Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

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    Early investors will be the ones positioned to ride the wave of this technological tsunami.

    Ground Floor Opportunity: Remember the early days of the internet?

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    AI is at a similar inflection point.

    We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

    This is your chance to get in before the rockets take off!

    Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

    AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

    The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

    As an investor, you want to be on the side of the winners, and AI is the winning ticket.

    The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

    From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

    This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

    By investing in AI, you’re essentially backing the future.

    The future is powered by artificial intelligence, and the time to invest is NOW.

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    Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

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    The recent market slump has had a significant impact on the share prices of several companies, causing a sharp decline in their value. Here are 15 companies that have been particularly affected by the market downturn:

    1. Apple Inc.
    2. Amazon.com Inc.
    3. Facebook Inc.
    4. Alphabet Inc. (Google)
    5. Microsoft Corporation
    6. Tesla Inc.
    7. Netflix Inc.
    8. Bank of America Corporation
    9. JPMorgan Chase & Co.
    10. Exxon Mobil Corporation
    11. Walmart Inc.
    12. Johnson & Johnson
    13. Procter & Gamble Company
    14. Coca-Cola Company
    15. General Electric Company

    Investors are closely monitoring these companies as they navigate the challenging market conditions and strive to regain lost ground. Stay tuned for further updates on how these companies are responding to the market slump and working to recover their share prices.

    Tags:

    1. Market slump
    2. Share prices
    3. Stock market
    4. Stock prices
    5. Market trends
    6. Investment news
    7. Financial markets
    8. Stock market analysis
    9. Company stocks
    10. Market volatility
    11. Economic downturn
    12. Market performance
    13. Stock market updates
    14. Market news
    15. Market analysis

    #Market #Slump #Drags #Share #Prices #Companies

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