Netflix is increasing their prices, because WAY back, they were the first to have contracts with these movie producers. Hence, cheap prices for the consumer. Now that streaming movies are SO popular among consumers & there are SO many other competitors in the business, the producers of course, upped their contract deals/fees with movie distributors like Netflix. Netflix, USE TO BE, the only one's in this industry doing what they are doing.
Thus, Netflix's current 'need' to increase their prices, reflects the fact that their contracts are going to expire soon with these movie producers, hence they will NOW be charge more for their contracts with them. Today's, prices.
Not the prices they used to have YEARS ago.
Their pricing, simply reflects today's scenario. Not those of yesteryear.
We, still have Netflix.
Netflix is not trying to stab its patrons in the back.
Their price increases are a reflection of the fact that their long-ago contracts with the movie producers are going to end. And now, they themselves will now be charged more too, IF they want to have contracts with these movie producers. Netflix, is stuck in a bind too.
Netflix like businesses, have to PAY, big money, to all of these movie producers, in order to even have movies, for us the consumers, to watch.
But they can only offer movies to us, the consumers, IF they have contracts with the movie producers, AND pay them for it.