{"id":96017,"date":"2016-06-21T17:43:49","date_gmt":"2016-06-21T15:43:49","guid":{"rendered":"http:\/\/mygaming.co.za\/news\/?p=96017"},"modified":"2016-06-21T17:44:50","modified_gmt":"2016-06-21T15:44:50","slug":"netflix-could-lose-r7-6-billion-and-over-half-a-million-subscribers-due-to-price-hikes","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/entertainment\/96017-netflix-could-lose-r7-6-billion-and-over-half-a-million-subscribers-due-to-price-hikes","title":{"rendered":"Netflix could lose R7.6 billion and over half a million subscribers due to price hikes"},"content":{"rendered":"<p>Netflix&#8217;s recent price hikes could cost the company almost 500,000 subscribers,\u00a0<strong><a href=\"http:\/\/variety.com\/2016\/digital\/news\/netflix-price-hikes-subscriber-cancellations-1201799194\/\" target=\"_blank\">reports<\/a><\/strong> analyst Anthony DiClemente.<\/p>\n<p>This could result in the streaming company losing about <strong>$520 million (R7.6 Billion)<\/strong> in additional annual revenue for Netflix.<\/p>\n<p>Netflix originally raised its rates in May 2014, but &#8220;grandfathered in&#8221; its existing customers at the previous rate for two years as a show of good faith.<\/p>\n<p>With these customers now expected to pay current prices, we could see hundreds of thousands jumping ship, writes DiClemente.<\/p>\n<p>\u201cWe note that this has long been a tenet of our investment thesis on the domestic business, as slowing subscriber trends are more than offset by increased monetization.\u201d<\/p>\n<hr \/>\n<h3 class=\"my-4\">More gaming news<\/h3>\n<p><strong><a title=\"Permalink to Check out the smallest gaming PC case in the world\" href=\"http:\/\/mygaming.co.za\/news\/hardware\/95055-check-out-the-smallest-gaming-pc-case-in-the-world.html\" rel=\"bookmark\">Check out the smallest gaming PC case in the world<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to The biggest movie releases in South Africa this week\" href=\"http:\/\/mygaming.co.za\/news\/entertainment\/95769-the-biggest-movie-releases-in-south-africa-this-week-4.html\" rel=\"bookmark\">The biggest movie releases in South Africa this week<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Microsoft has already killed its new Xbox: report\" href=\"http:\/\/mygaming.co.za\/news\/xbox\/95943-microsoft-has-already-killed-its-new-xbox-report.html\" rel=\"bookmark\">Microsoft has already killed its new Xbox: report<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Netflix&#8217;s recent price hikes could cost the company almost 500,000 subscribers.<\/p>\n","protected":false},"author":234,"featured_media":88021,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[9],"tags":[31,10751,15401,855],"class_list":["post-96017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-active","tag-netflix","tag-streaming","tag-subscribers"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/96017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/234"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=96017"}],"version-history":[{"count":1,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/96017\/revisions"}],"predecessor-version":[{"id":96019,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/96017\/revisions\/96019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/88021"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=96017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=96017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=96017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}