Verizon Hikes Netflix-HBO Bundle by $3, Churn Surges
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Verizons popular Netflix and HBO Max bundle price increases from $10 to $13, causing customer backlash and potential churn. Despite CEOs concerns about past price hikes, Verizon joins Netflix and HBO Max in raising prices, with 58% of users considering switching. High costs lead to a surge in cancellations, with Netflix topping the list. Verizons revenue climbed, but churn rates also rose, indicating a potential risk for the company.
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