Categories AlphaGraphs, Analysis, Technology

Netflix’s ‘Ultra’ plan will kill the cable

Netflix has now started testing its pricier ‘Ultra’ plan, with a possible $17-price tag. While it might raise many an eyebrow, this might be the final blow to cable companies, as it aims at a higher grade of cable cutters.

The new plan, which will be above it’s ‘Premium’ subscription, offers the same four simultaneous 4K streams at once. But it might get a new HDR video. According to CordCutting.com, the streaming giant is testing new plans in Germany, with both €16.99 and €19.99 price tags.

This also means that in the near future, if you want the most out of your Netflix, you might have to pay up more.

Forever, over-achiever

Last week, research firm Bernstein announced that it expects Netflix to achieve a subscriber base of 90 million in the US alone in less than 10 years, upbeating Netflix’s own estimate of 60 to 90 million subscribers for this period. Netflix now has about 57 million customers in its home market.

Netflix Subscriber StatsThe predictions, that came after a survey done back in May, might seem far-fetched to many investors, but the research firm ensured its outlook by stating that pay-TV market reached its threshold at 100 million customers in the US.

RELATED: Netflix is almost THRICE as big as it was last year!

Last month, due to extreme optimism over the streaming giant, GBH Insights raised the price target to $500 from the previous target of $400. That time, the price target of $500 represented the highest, compared to the other price targets set by analysts covering the stock.

Video streaming giant Netflix statistics

 

RELATED: Netflix price target raised to $500 from $400

RELATED: The rise of the streaming giant

Most Popular

MU Earnings: Micron’s Q4 profit declines but beats estimates

Micron Technology Inc. (NASDAQ: MU) Thursday said its fourth-quarter profit declined from last year, hurt by a sharp fall in revenues. Earnings, however, beat the market’s projection. On an adjusted

What are Philip Morris’ (PM) anticipations for the near term?

Shares of Philip Morris International Inc. (NYSE: PM) were down 1% on Thursday. The stock has dropped over 9% year-to-date. Although the tobacco industry has felt the pinch of inflation,

Key highlights from CarMax (KMX) Q2 2023 earnings results

CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top