“I hate Fubo. They killed Venu so that prices could increase?!?! They will never see me [money] Again “, a Reddit user wrote In the Fubotv Subnet this week.
When comments on customer complaints were requested, Jennifer Press, Fubo’s communications vice president, attributed price increases to “the increase in the costs of our programming partners.” He added that Fubo “only makes adjustments when necessary” while observing discounts for new customers.
The new prices and the potential fusion of the company occur, since it has never obtained profits since its launch in January 2015. In its profit report of the Third Fiscal Quarter 2024 published in November, FUBO reported a net loss of $ 54.7 million , below $ 84.4 million in the third quarter of 2023.
Netflix
Last week, Netflix increased subscription prices Up to 16 percent, depending on the plan. New monthly prices immediate $ 8.
While announcing higher prices, Netflix also presented its largest quarterly subscriber gain, with 18.91 million people subscribing for a total of 301.63 million. EMARKETER predicts that Netflix will earn $ 17.12 billion in the revenue of the US subscription. In 2025. But for Netflix, that is not enough.
Netflix attributed its first increase in the price since 2023 to programming costs. Netflix’s financial director, Spencer Neumann, told investors to increase the content spending of $ 17 billion in 2024 to $ 18 billion, emphasizing “large television series with scripts”, live events and original programming, while “shocking opportunities” grew.
In addition, price increases favor those willing to subscribe to Netflix with commercials, since the standard plan without ads obtained the highest price increase. Netflix plans to double your 2024 advertising income in 2025, and these new prices should help those efforts.