Digital Content Creator, Social Media Management, Nonprofit Marketing, Business and Science Instructor
Are your streaming subscriptions breaking the bank? I often wonder if cable wouldn't be cheaper! Mauro's post offers a great look at the cost of subscriptions. I'm finishing up a few series on Netflix, and I plan to cancel it for a few months and use that money for a Disney+ subscription. Both Amazon Prime & Max were prepurchased at a discounted yearly rate (something Netflix isn't offering), so those remain. That'll put us in the 40% of people who do the streaming shuffle. If they had a bundle that SAVED us significant money, I may consider it. I'll be totaling up our monthly spend and seeing what we can cut. After all, you can watch only so much in a month. Why pay for stuff you won't even you? Isn't that the reason many of us cut the cable cord years ago?
🎬 The Price of Entertainment: Managing Your Subscriptions 📺 In today’s world, staying entertained has become quite the investment! 💰 From music to movies, books, and games, there’s a subscription for everything. While it’s fantastic to have so many options at our fingertips, the costs can add up quickly. 🤑 Take a look at this snapshot of popular subscription services. 📸 From Spotify and Apple Music at $10.99/month 🎵 to video streaming services like Netflix and Prime Video & Amazon MGM Studios that can range up to $17.99/month 🍿, it’s easy to see how these expenses can pile up. 📚 Even our reading habits are not spared, with services like Audible and Amazon Kindle Unlimited costing up to $15/month. 📖 💡 Tips to Manage Your Subscriptions Without Breaking the Bank: 1. Audit Your Subscriptions Regularly: Check which services you are actively using. If there’s something you haven’t used in a while, consider canceling it. 🚫 2. Take Advantage of Bundles: Some providers offer bundled services at a discount. For example, some mobile carriers offer streaming services at reduced rates or even for free. 📦 3. Share Subscriptions: Many services allow multiple profiles or accounts. Share with family or friends and split the cost. 🤝 4. Use Free Trials Wisely: Make the most out of free trials but remember to cancel before they turn into paid subscriptions. 🆓 5. Set a Subscription Budget: Allocate a fixed amount you’re willing to spend on subscriptions each month and stick to it. 💸 The subscription model is undoubtedly trending and offers great value, but with a bit of planning, we can enjoy our favorite content without stretching our budgets. 🌟 How do you manage your subscriptions? Share your tips in the comments! 👇 #Entertainment #SubscriptionServices #FinancialTips #Budgeting #Streaming #maurogerio
Mark Ridgley
2w
Once again, technology comes full-circle. They convinced consumers to dump cable in favor of a-la-carte streaming services, now they want to convince consumers to buy bundled streaming services - AKA CABLE... UMM...OK.
Libraries: Free. Like for books. 'Member books? I 'member. I have been reducing and restricting tech more and more lately. I receive very little personal ROI and have been reason paper again. It is quite enjoyable.
It amazes me that these streaming providers haven't figured out the one thing that would practically eliminate churn. Lock in pricing for subscribers. If subscribers believe that they will have to pay a higher price to resubscribe, they're much less likely to churn. But these streaming providers seem to be blind to this issue. So every price increase introduces more churn because there's no perceived cost for leaving and coming back later.
The subscription model has reached mkt saturation and due to the current economic climate, people will begin reducing their subscriptions. In addition, I believe that the subscription model only addresses a small percentage of the mkt. What the Internet has needed for the past 30yrs is a real time micro payment capability where you can move one cent as easily as you can send a text....That is one of the use-cases that we are bringing to mkt. If you are a digital content/service/AI company and want to learn about how to maximize your revenue model, reach out.
I'd be totally on board with one central marketplace where users could bundle any streaming services they wanted, with the discount increasing along with the number of services they subscribe to. The marketplace gets a cut, streamers get a steady customer, and I get the content I want. If I can only choose from a handful of preselected bundles, I'm right back where I was with cable.
This will also continue to put pressure on theatrical exhibition, which I think certain segments of the population have all but abandoned (except perhaps for films that they consider "must sees" in a public space). The amount of money that people can piss away on passive and sedentary content watching is extraordinary, but that's an entirely different subject. I haven't had paid cable TV for about 3 years now, instead relying on high speed Internet and occasional catchup on shows on streaming services via friends, and I don't think that I'm missing out on too much.
I have Prime and Hulu/Disney+. I'm buying old shows I love to watch on DVD again. 🤷♀️
These streamers are all losing the war to reels while battling each other. The war is about attention span and not content per say. People are spending more time making their own and watching others' reels. A large percentage of people are out trying to get a video to go "viral" and become social media influencers. People don't have attention span to watch TV and movies anymore. My friend's children fast forward through shows to get to the dramatic parts or just closer to the ending. The streamer that figures out how to include people uploading content in addition to the streamer's own content going to be the winner.
I was just realizing I might go back to cable. LOL
Deputy Growth & Audience Dev Editor, NY Daily News (Tribune sister) | Ex-LinkedIn | Adj. Professor, Social & Digital | 5x Top Speaker | Corp Trainer | Tw @janieho16
2wHelpful post and graphic! So, cable TV can be about $100 / month right now (Verizon FIOS). I know because I *just* cut it. (I use the free antenna for 80 channels, about a dozen free FAST channels like Pluto, share someone's Hulu, then social and YouTube content. I don't watch TV or content too often.) Let's see how quickly it takes these OTT bundles to add up to $100 and how quickly they raise prices therafter b/c they know people are stuck (aka the original cable problem). YouTube TV is almost there for just that service alone ($73/mo). I'm not someone who likes a million items on my credit card, so would like to see if this works, and is sustainable for the consumer after 2-5 years.