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Stock impact report

Streaming bills now rival old cable costs as prices soar [Yahoo! Finance]

News Corporation - Class A (NWSA) 
Last news corporation - class a earnings: 2/6 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.newscorp.com/investor-relations
Company Research Source: Yahoo! Finance
After recent price hikes from Disney+ and Netflix, according to Wallethub, the average U.S. household now spends about $70 a month on streaming services. WalletHub analyst Chip Lupo told the New York Post. “You're probably paying just as much for all those combined as you were paying for cable”. Lupo argued the increases land softly because they rarely hit as one big jump. “Most people tend not to notice these incremental increases, which is how it works,” he said. “At some point, you'll be paying twice as much as you were originally. A lot of people directly pay their streaming services. So a lot of times, they don't notice.” Wedbush analyst Dan Ives described what's driving the cycle as competitive pressure. “we are seeing an arms race take place in the streaming battle,” he said, adding that Netflix has been able to keep pushing prices because churn hasn't spiked. “Netflix has continued to raise prices as the churn from increases has been negligible with consumers given Netfli Show less Read more
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