Breakingviews - Corona Capital: Netflix price hike

The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy NicholsonNETFLIX AND TOILET PAPER. Netflix is testing out its price inelasticity. The streaming service is raising the cost for its service, it said on Thursday. A basic plan, which is the most popular choice, will cost $14 a month, up $1 from last year while the premium subscription will be $18, a $2 increase.

SNAKES AND LADDERS. Covid-19’s combination of disposable income cuts and extensive time indoors has been great for free-to-play video games. U.S. group Activision Blizzard on Thursday trumpeted the success of its title “Call of Duty: Warzone”, a free-to-play shoot-’em-up that launched in March. President Daniel Alegre said there was “substantial” growth in sales as enthusiasts upgrade to the game’s $60 premium version.

BOTTOMING OUT. Hong Kong is ending the week on a rare high. Its economy grew by 3% in the third quarter compared to the previous three months, according to advanced government forecasts released on Friday, the first such positive reading since anti-government protests kicked off last year. The GDP estimate, though, is flattered by a low base, and unemployment in the Chinese territory is at a near 16-year high. Analysts at Fitch forecast real GDP to shrink by 7.5% this year.

Breakingviews Some information is incorrect in your article. It refers to the standard plan as the basic plan. There are three plans.

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Breakingviews At some point, they need to realize “how much is too much?”

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