Why Are Streaming Prices Skyrocketing?

By: The BitMar Team

Streaming services have become an integral part of our lives. They offer an extensive range of content that can be accessed, at any time, from anywhere. However, according to Streaming Observer, Business Insider, and TechRadar... over the past few years, the prices of these services have been steadily increasing. While the idea of paying more, for a service that provides a wider variety of content might seem reasonable, it is essential to understand why people choose streaming, in the first place. The answer, is: to obtain value. These recent price hikes seem to be very counterintuitive to the concept of value.

One of the primary reasons for the rising prices of streaming services, is: the increasing costs of producing original content. As competition intensifies, streaming services are investing heavily in creating their original content, in order to stand out. This includes: producing high-quality TV shows, movies, and documentaries. These productions require significant investments, in: talent, technology, and marketing—which are reflected in the higher subscription fees.

Moreover, streaming services are paying top dollars for exclusive rights to popular shows, and movies. For example, in 2019, Netflix reportedly paid $100 million, to keep the popular TV series: "Friends," on its platform—for just one year. This price tag, alone, can impact the overall cost of the service; making it more expensive for subscribers.

Another significant factor contributing to the rise in streaming service prices, is: the cost of infrastructure development. As more people sign up for these services, companies need to expand their servers, and networks, to accommodate the increased traffic. These infrastructure costs can add up, quickly, as raising prices becomes essential to stay afloat.

Furthermore, the COVID-19 lockdowns further increased the demand for streaming services, as people spent more time at home. As a result, the servers had to handle an unprecedented volume of traffic... leading to additional costs, to the service providers.

It is worth noting that while the prices of streaming services are rising, they are still relatively affordable—compared to Cable/Satellite TV subscriptions. Consumers have the option to choose, from a range of packages, based on their preferences, and budget. Additionally, some streaming services offer a free, ad-supported version, with a limited selection of content.

In conclusion, the rising prices of streaming services are due to various factors, including: the costs of producing original content, paying for exclusive rights to popular shows and movies, and expanding infrastructure to meet growing demand. While it may be frustrating to see subscription fees increase, it is essential to understand that these companies are working to provide the best possible service, while also ensuring their sustainability, in the long run.

Streaming platforms, like BitMar, and YouTube, do not have to pay for content; making them the perfect business models, for those who prefer to save money. BitMar is an all-media-in-one streaming platform; that connects you to millions of full movies, TV shows, channels, videos, and songs (from different worldwide sources on the Web), on the screens that you already own, for a one-time payment, of only: $99.99 USD.

BitMar operates as a content finder, using the same technology behind the Bing search engine. However, unlike most Web search engines, BitMar has been specifically optimized to find you full streaming content, in any language, from anywhere in the World. In fact, BitMar provides access to more movies, and TV shows, than: Cable, Satellite, Netflix, Disney Plus, HBO Max, Amazon Prime Video, and Hulu, combined... and more songs than Pandora, Spotify, Amazon Prime Music, and Apple Music, combined. You may use/display BitMar on virtually any device, while it only costs a one-time purchase, of: $99.99 (U.S.D.); for unlimited streaming access. Feel free to learn more, at: BitMar.com.