Report exposes streaming services’ steady hikes

Posted 8/7/24

WASHINGTON, DC — U.S. Senator Bob Casey (D-PA) has released a study exposing streaming platforms for increasing subscription prices while decreasing available content.

The report , …

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Report exposes streaming services’ steady hikes

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WASHINGTON, DC — U.S. Senator Bob Casey (D-PA) has released a study exposing “streamflation”—streaming platforms that increase subscription prices while decreasing available content.

The report, “A Steady Stream of Price Hikes: How Streaming Services Put Profit Over Consumers,” focuses on the deceptive practices employed by streaming services, including inflated subscription fees, limited account sharing, and the introduction of advertisements.

Casey highlighted the services’ impact on household budgets and condemned corporations that prioritize profits over people.

The study reveals that streaming executives reported a combined total of $170.2 million in compensation in 2023, while American households faced higher subscription costs and diminished offerings. Casey says viewers should not be blindsided by increased monthly charges or broken promises from streaming platforms.

The report focuses on the deceptive practices of streaming services such as Netflix, Spotify, Disney Plus, Paramount Plus, Hulu, and HBO Max.

Bob Casey, streaming services, Pennsylvania, Netflix, Spotify, Disney Plus, Paramount Plus, Hulu, HBO Max

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