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New year, same streaming headaches: Netflix raises prices by up to 16 percent
Karlston posted a topic in Entertainment Exchange
The cheapest ad-free plan increases from $15.49 to $17.99. A scene from the Netflix original series Squid Game. Credit: Netflix Today Netflix, the biggest streaming service based on subscriber count, announced that it will increase subscription prices by up to $2.50 per month. In a letter to investors [PDF], Netflix announced price changes starting today in the US, Canada, Argentina, and Portugal. People who subscribe to Netflix's cheapest ad-free plan (Standard) will see the biggest increase in monthly costs. The subscription will go from $15.49/month to $17.99/month, representing a 16.14 percent bump. The subscription tier allows commercial-free streaming for up to two devices and maxes out at 1080p resolution. It's Netflix's most popular subscription in the US, Bloomberg noted. Netflix's Premium ad-free tier has cost $22.99/month but is going up 8.7 percent to $24.99/month. The priciest Netflix subscription supports simultaneous streaming for up to four devices, downloads on up to six devices, 4K resolution, HDR, and spatial audio. Finally, Netflix's Standard With Ads tier will go up by $1, or 14.3 percent, to $7.99/month. This tier supports streaming from up to two devices and up to 1080p resolution. In Q4 2024, this subscription represented "over 55 percent of sign-ups" in countries where it's available and generally grew "nearly 30 percent quarter over quarter," Netflix said in its quarterly letter to investors. "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," Netflix's letter reads. Netflix most recently raised subscription prices in 2023, when the Premium plan went up by $3 and the Basic plan increased by $2 (Netflix killed off the Basic plan in 2024). Ads continue to be a central focus for Netflix moving forward. As it stands, Netflix's ad business wasn't yet large enough to be broken out in Netflix's Q4 2024 earnings report but should be relevant by 2026, the streaming company said. "We’re on track to reach sufficient scale for ads members in all of our ads countries in 2025," Netflix told investors. "A top priority in 2025 is to improve our offering for advertisers so that we can substantially grow our advertising revenue." In Q4 2024, Netflix gained more subscribers than it ever has in a single quarter, buoyed by live sporting events and a new season of one of its most popular series, Squid Game. The streaming platform added 18.91 million subscribers for a total of 301.63 million. Netflix has said it will not report quarterly subscriber numbers in future reports. In addition to record subscriber gains, Netflix also saw its largest quarterly revenue gain—up 16 percent to $10.2 billion—since 2021 in Q4 2024. With Netflix already enacting a successful password crackdown, launching an ad-supported subscription offering, and topping subscriber counts, there are limited ways for it to fuel growth. It also needs billions of dollars to pay for and continue to win the rights to stream live events. Netflix plans to get some of these funds from current subscribers' wallets. Source Hope you enjoyed this news post. Thank you for appreciating my time and effort posting news every day for many years. News posts... 2023: 5,800+ | 2024: 5,700+ RIP Matrix | Farewell my friend -
Microsoft raises Microsoft 365 Personal and Home prices as it adds Copilot and AI features
Karlston posted a news in Software News
A couple of months ago, Microsoft raised the price of the Microsoft 365 subscription for consumers in Australia and New Zealand. To make up for that, the company brought Copilot and several AI-powered features to Office apps like Word, Excel, and others. Now, the change is spreading to other countries across the globe. This is the first price increase for Microsoft 365 Personal and Home subscriptions in the United States. Ever since the company launched then-Office 365 12 years ago, it has kept the price at $69.99/year (Personal) and $99.99/year (Home). Now, however, the price goes up by $3/mo, with the new prices being $99.99 and $129.99, respectively. If you are already a Microsoft 365 subscriber, nothing changes for you until your next monthly or yearly payment. Despite that, you can access new Copilot features right away. In addition, those who do not need new AI features and do not want to pay more can opt for the Personal Classic and Family Classic plans. These will allow keeping old prices but with no access to AI features. Microsoft promises to maintain those plans, but "certain new innovations" will only be available in the more expensive subscriptions. Also, the new classic plans are only available to existing customers for one year. In addition to features like document drafting in Word, data analysis in Excel, email summarization in Outlook, and presentation generation in PowerPoint, Microsoft 365 subscribers can access image generation in Microsoft Designer. However, all these features require AI credits, which will be allotted to every subscriber each month. Microsoft says the amount of credits "should be enough for most subscribers." If it is not, you can switch to Copilot Pro, which costs $20/month and does not have usage limits. Microsoft also promises not to use your document data to train its models. This reassurance comes after a report spread across the internet, falsely claiming that Microsoft siphons your document data to train its AI models. In addition, Microsoft will let you turn off Copilot with a few clicks, should you do that to comply with rules at your work or school. You can already access AI-powered features in Office apps if you are a Microsoft 365 subscriber, so just make sure you are using the latest version. Source Hope you enjoyed this news post. Thank you for appreciating my time and effort posting news every day for many years. News posts... 2023: 5,800+ | 2024: 5,700+ RIP Matrix | Farewell my friend -
Google Workspace increasing Gmail, Drive, and more prices but adds a lot of AI features
Karlston posted a news in Technology News
Google Workspace customers with Business and Enterprise plans no longer need to buy an add-on to use the search giant's artificial intelligence features within its Workspace services. The company said that Business plans are starting to get the AI features already, while Enterprise customers will get them from January 29. The new AI features are available for many popular Google services including Gmail, Docs, Meet, Drive, Sheets, Slides, and Chat. These plans also give you access to Gemini Advanced and soon NotebookLM Plus. Here is a comprehensive overview of all the new features delivered by Google's AI: Gmail Help me write Effortlessly write and improve your new emails and replies – from polishing your tone with a single click to generating new drafts from scratch. Summarize emails Generate a summary directly from an email message or email thread, highlighting key takeaways. Gemini in the Gmail side panel Draft email responses, query your emails (“Catch me up on Project Clover emails”), summarize emails and email threads. Docs Gemini in the Docs side panel Summarize the main points of a lengthy document or create an outline for a sales pitch, brainstorm a list of ideas for a new marketing campaign. Easily polish your documents with writing, grammar, and formatting suggestions from Gemini. Cover images Create unique inline images and full bleed cover images for a variety of needs, like a promotional flier, marketing campaign brief, restaurant menu, and more. Help me write Simply add a prompt, like “Create a project outline, including research, design, testing, and production phases”, and a draft will instantly be generated. Help me create Create a variety of formatted documents from scratch, like blog posts, press releases, campaign briefs and more. Summarize documents Generate an in-line summary of a document so readers and collaborators can quickly get up to speed. Meet Take notes for me in Meet Automatically capture meeting notes, organize them in Google Docs, and share them with your team. Those joining late can catch up during the meeting with “Summary so far”. Adaptive audio Adaptive audio lets teams join meetings from multiple nearby laptops without echo or feedback, which is useful when conference rooms or meeting equipment is scarce. Additional languages for translated captions in Meet Translated captions provide real-time translations of the speaker's language, helping to make meetings more inclusive and collaborative. Drive Gemini in the Drive side panel Summarize multiple documents, generate insights on a specific topic, help you find files, and more. Work with PDFs in Drive Gemini can summarize long PDFs files, generate insights, or use the PDF to make something new, like a study plan or an email draft. AI classification in Drive IT teams can automatically and continuously identify, classify, and label sensitive files according to the specific needs of your organization. Classified files can then be protected with existing data loss prevention (DLP) controls. Sheets Gemini in the Sheets side panel Quickly create tables, such as an expense tracker, generate insights based on spreadsheet data, and more. Enhanced smartfill Enhanced smartfill can detect if there are relationships between cell contents and make contextual suggestions. Slides Help me create an image With a simple prompt, you can easily create original images for your presentations - like digital marketing campaign concepts or images to enhance your annual planning proposal. Remove image backgrounds Easily remove the background from images added to your Google Slides presentations for a more cohesive design. Gemini in the Slides side panel Quickly generate new slides, like a meeting agenda, generate custom images for your presentations, rewrite content, and more. Chat Summarize conversations Get up to speed with quick summaries for unread conversations in group messages, spaces and threads. Gemini in the Chat side panel Summarize a space or conversation (“What are the key takeaways in this conversation?”), generate a list of action items (“Are there any action items for me in this conversation?”), or ask specific questions (“What is the decision on the project discussed in this conversation?”). As well as: Gemini Advanced Chat with Google’s next-gen AI, Gemini Advanced, to research information, brainstorm ideas, and tackle your most demanding projects. Use Gems to build a team of AI experts to help with repeatable or specialized tasks. NotebookLM Plus Available as an additional service, coming soon as a core service. Accelerate team knowledge sharing by uploading your sources to get instant insights and podcast-like Audio Overviews with NotebookLM Plus. This enhanced version offers notebook customization, advanced sharing and 5x more Audio Overviews, queries, notebooks, and sources. *Visit the Help Center to learn more about specific feature availability. If you were a Google Workspace user before that wasn't using the AI tools, then you may be disappointed to learn that these changes will see your bills rise. However, if you were using the AI add-on, you'll be saving a considerable amount from this streamlining. To learn more about pricing for each of the plans, check out the Help Center. Source Hope you enjoyed this news post. Thank you for appreciating my time and effort posting news every day for many years. News posts... 2023: 5,800+ | 2024: 5,700+ RIP Matrix | Farewell my friend -
Microsoft announces the first substantive price increase for Microsoft 365
Karlston posted a news in Software News
Microsoft today announced the increase of commercial pricing for Microsoft 365. It is important to note that this is the first substantive pricing update since Microsoft launched Office 365 a decade ago. Microsoft is increasing the price to reflect the increased value offered by Microsoft 365. Since introducing Microsoft 365 we have added 24 apps to the suites—Microsoft Teams, Power Apps, Power BI, Power Automate, Stream, Planner, Visio, OneDrive, Yammer, and Whiteboard—and have released over 1,400 new features and capabilities. Microsoft also confirmed that there are no changes to pricing for education and consumer products for now. Updated Microsoft 365 pricing: Microsoft 365 Business Basic (from $5 to $6 per user) Microsoft 365 Business Premium (from $20 to $22) Office 365 E1 (from $8 to $10) Office 365 E3 (from $20 to $23) Office 365 E5 (from $35 to $38) Microsoft 365 E3 (from $32 to $36) The above pricing changes will go into effect in six months. Along with the price increase, Microsoft also announced unlimited dial-in capabilities for Microsoft Teams meetings across our enterprise, business, frontline, and government suites over the next few months. Unlimited dial-in will allow users to join their Microsoft Teams meeting from virtually any device regardless of location. Source: Microsoft Microsoft announces the first substantive price increase for Microsoft 365 -
Spotify’s second price hike in 9 months will target audiobook listeners
Karlston posted a topic in Entertainment Exchange
Bloomberg report claims price hike coming to Australia, Pakistan, and the UK first. Getty Spotify Premium subscriptions include up to 15 hours of audiobook listening. But starting in April, the company will charge an extra $1 to $2 per month for the feature, Bloomberg reported today, citing anonymous “people familiar with the matter.” The reported price hike would be the second that Spotify customers have faced in nine months. Currently, Spotify charges nothing for its free plan with ads, $5.99/month for students, $10.99/month for its Premium plan, $14.99/month for its Duo Premium plan for two users, and $16.99/month for its Family Premium plan with up to six users. Bloomberg reported that individual plan prices will go up by approximately $1 per month and multi-member plans will increase by $2 per month. The changes will reportedly start in Australia, Pakistan, the United Kingdom, and two other markets by the end of this month. Subscribers in the US will reportedly see prices rise “later this year.” Spotify will usher the changes by offering a 'new' basic tier that lets users access everything on Spotify except audiobooks for $10.99/month, per Bloomberg. That would mean that people who only use Spotify for listening to music and/or podcasts would avoid paying a higher monthly rate. Basic plan members will still be able to buy audiobooks through Spotify, Bloomberg said. Bloomberg didn’t specify whether Spotify would default current subscribers to this plan so that their monthly costs wouldn’t change or if users would have to take steps to sign up for what would be marketed as a new plan. It also didn't mention if the basic plan would have additional drawbacks. The upcoming price increase would be Spotify's second since it introduced Premium pricing in 2011. In July, Spotify bumped the starting Premium price from $9.99/month to $10.99/month. Spotify's announcement followed price hikes from rivals like Amazon Music and Tidal. Spotify tries to be profitable Spotify may deem these changes necessary to buoy audiobook revenue. The company is heavily invested in the sector and spent $123 million to acquire Findaway in July 2022. Spotify said it was the second biggest audiobook brand after Audible, citing Bookstat data published in The New York Times. But as it stands, Spotify only generates revenue from audiobooks if users go beyond the 15 hours per month limit included in their Premium plan, per Bloomberg. Spotify, which launched in 2008, hasn’t had a profitable year (although it has reported profitable quarters at times). Audiobooks represent an opportunity for the company to diversify revenue streams beyond its traditional routes, which include paying hefty royalty fees. Spotify says it paid $9 billion in music-related royalties last year, or about 69.7 percent of its 2023 revenue ($13.2 billion). Bloomberg said Spotify’s music industry partners “have been pushing Spotify and its competitors to raise prices” amid concerns about royalty prices. Spotify has also invested over $1 billion in a podcast business that is currently unprofitable (although Bloomberg noted that Spotify expects this to change in 2024). In December, Spotify announced it was laying off 17 percent of employees. Audiobooks could help Spotify’s wallets. But charging extra for a service it's been pushing since October risks losing some of the listeners it's earned. At the same time, if Spotify ensures that long-time users who simply want Spotify for its original bread-and-butter aren't impacted, it could help minimize disruption. As with any price hike, though, Spotify's changing pricing structure will force users to reassess whether they want to keep paying for Spotify or consider alternatives. Those who’ve been waiting for Spotify to offer high-fidelity audio since 2021, for example, may decide the app doesn’t fit their needs. A Spotify spokesperson declined to comment on Bloomberg's report to Ars Technica. Source