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|    Message 27,224 of 27,547    |
|    useapen to All    |
|    The era of freeloading is officially ove    |
|    13 Aug 24 08:56:18    |
      XPost: alt.consumers.free-stuff, alt.fan.rush-limbaugh, talk.politics.guns       XPost: sac.politics, alt.society.liberalism       From: yourdime@outlook.com              New York       CNN        —       One of the problems with tech is that it can be really good at narcing.       And I don’t mean in the scary Big Brother Thought Police kinda way, more       in the lawful evil sense of forcing us to pay for things we used to get       for free.              Once upon a time, you could have yourself a nice little Saturday of       stocking up at Costco (using your sister’s membership card, naturally),       before hitting up a museum (free admission with your 15-year-old expired       student ID) or settling into a reality TV binge sesh (streaming on your       college roommate’s ex-boyfriend’s Netflix login).              You wouldn’t call it stealing, per se. Mooching, perhaps. Exploiting a       loophole in a system of commercialized culture you didn’t create but are       forced to participate in — and what could be more capitalist than that?              But thanks to the fine-tuning of the tech that Corporate America uses to       police subscriptions, those freeloading days are over.              Costco and Disney this month took a page from the Netflix playbook and       announced they are cracking down on account sharers.              So the next time you want to restock your Kirkland chocolate covered       almond stash, you’ll need to have an honest-to-God membership of your own       that you scan at the door. Want to put on “Frozen” for the kids so you can       have two hours to do literally anything else? You’re going to need a       Disney+ login associated with your household.              The tech that tracks your IP address and can read your face has gotten       more sophisticated, and, as the Wall Street Journal reported last week,       retailers and streaming services are increasingly turning to status-       verification tech that make it harder for folks to claim student discounts       on services like Amazon Prime or Spotify beyond graduation.              The Netflix play       Cracking down on sharing was hugely successful for Netflix. For years, the       streaming giant turned a blind eye to password sharing because doing so       allowed more people to experience the product and, crucially, come to rely       on it.              Netflix kept growing and growing until 2022, when, for the first time in       its history, the company lost subscribers, and investors freaked out.              It wasn’t just because “Virgin River” was practically unwatchable (sorry,       it’s true), but also because Netflix had a sudden influx of competition.       Disney, Apple, HBO and Amazon stepped up their streaming games. TikTok and       YouTube got their talons in us, too. And to some extent, Netflix got hit       by the undeniable call of Finally Hanging Out With Friends in Bars Without       Masks, a very popular activity at the time.              So Netflix cashed in on its brand loyalty, betting that it had made itself       indispensable to enough viewers that they’d be willing to cough up $7-$15       a month to keep their access.              It was a risky bet, but one that seemed to pay off. Netflix added 30       million subscribers last year, and more than 9 million in the first       quarter of this year.              Of course, just because it worked for Netflix doesn’t mean it’ll be a slam       dunk for others. Netflix was lightyears ahead of the competition for       streaming, and its years of cranking out content earned it the right to       ask customers to finally start playing by the rules.              Disney’s streaming business — Disney+, Hulu and ESPN+ — only became       profitable in the second quarter this year. It’s a beloved brand, a name       that sparks joy. But has it reached the same level of must-watch-ability       that Netflix has built? Unclear. (Season 2 of “Andor” does look pretty       dope, though.)              As for Costco, well, here’s the thing: Memberships are pretty much the       only way it can exist, and its entry-level membership is just $60 a year.       (If that still seems steep, google “Costco discount codes” and you can       likely snap one up for half that amount — the internet isn’t completely       devoid of deals these days).              Like Netflix, Costco is betting that you’re already emotionally invested       in the routine and the satisfaction of getting a closet’s worth of toilet       paper that can last the whole year.              Last year, the store reported $4.6 billion in revenue from membership       fees, and that accounts for the majority of its profit. The membership       fee, which is going up by $5 next month — the first increase since 2017 —       allows Costco to keep its prices low and its staff paid.              There may be no such thing as a free lunch, but at Costco there’s at least       $1.50 hot dogs and soda, which, in this economy, is nearly free.              https://www.cnn.com/2024/08/12/business/disney-costco-netflix-password-       sharing-nightcap/index.html              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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