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How to Save Money on Streaming Services? Tips & Tricks

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How to Save Money on Streaming Services? Tips & Tricks-GadgetAny

source: Streaming Better

With the advent of streaming services, more and more people are cutting the cord and switching to online streaming for their entertainment needs. However, with so many options available, the cost of subscribing to multiple services can quickly add up. In this article, we’ll provide some tips and tricks to help you save money on streaming services without sacrificing the content you love.

Money Saving Streaming Tips

Choose Your Services Wisely

The first step to saving money on streaming services is to carefully choose which ones you subscribe to. Determine which services offer the most content you’re interested in and which ones you can do without. Consider subscribing to services that offer free trials, such as Netflix or Hulu, so you can try them out before committing to a subscription.

Share Accounts

Sharing accounts with friends or family members is another way to save money on streaming services. Many services, such as Netflix and Disney+, allow you to create multiple profiles on a single account, so everyone can have their own personalized experience.

Netflix aims to reduce password sharing starting in 2023. The streamer asserts that after enabling users to transfer their profiles to new accounts, it will start allowing consumers to create sub-accounts as early as next year in order to "monetize account sharing" more broadly. Additionally, this data is included in today's earnings announcement from Netflix. The company, which is getting ready to unveil its ad-supported tier next month and cut down on password sharing, reportedly acquired 2.4 million subscribers this quarter. According to the streaming service, it has gained 104,000 paid subscribers in the US and Canada during the last three months, up from 73,000 at this time last year. Additionally, it asserts that it is still dedicated to the "bingeable release model." Additionally, Netflix disclosed earlier this year that it was experiencing its first customer loss in more than ten years. The company's subscriber base decreased by 1 million internationally and by 1.3 million in the US and Canada over the past quarter. In order to address this problem, Netflix has also been steadily deterring users from sharing passwords. Additionally, the company tested whether customers in Chile, Costa Rica, and Peru would be willing to pay more for a sub-account if Netflix discovered that the owner's membership was being used outside of their residence. In addition Additionally, in Argentina, El Salvador, Guatemala, Honduras, and the Dominican Republic, Netflix tested a feature that let users buy extra "homes" for accounts unaffiliated with their principal location. Additionally, the business has recently made its Profile Transfer function broadly accessible after testing it in a number of countries. With this option, customers can easily transfer their customised recommendations, viewing history, My List, saved games, and other settings to a new account. However, consumers in Latin America who were the subject of the testing, according to a report from Rest of World published last month, expressed annoyance. Additionally, the streaming juggernaut stated last week that on November 3rd, it will introduce its $6.99/month Basic tier in the UK, Australia, France, Germany, Italy, Japan, Korea, Mexico, and the United States. As a result, viewers will see Netflix and Microsoft advertising, which the businesses claim would last between 15 and 30 seconds. Customers are unable to use this new tier to view the whole Netflix library due to licencing restrictions. Basic consumers cannot download anything for their devices and can only view material in HD. It is noteworthy that the company's tier is accessible before Disney Plus, which is slated to debut on December 8. Finally, despite the fact that rivals like Disney, Warner Bros., Discovery, Paramount, and NBC continue to grow their content libraries and subscriber bases, Netflix is still confident that its business model will outperform that of its rivals. "It's hard to build a big and profitable streaming business," the company said. "Our best estimate is that all of these competitors are losing money on streaming, with aggregate annual direct operating losses this year alone that may be well in excess of $10 billion, compared with our +$5-$6 billion of annual operating profit."

Consider Bundling

If you’re subscribed to multiple streaming services, consider bundling them together to save money. Some providers, such as Amazon Prime Video, offer discounted rates when you subscribe to multiple services.

Be Mindful of Data Usage

Streaming video can consume a lot of data, especially if you’re watching in HD or 4K. To avoid going over your data cap, consider watching in standard definition or reducing the amount of time you spend streaming.

Also Read: Music Streaming Services: Top Sites for Downloading Songs Legally

Look for Deals and Discounts

Finally, be on the lookout for deals and discounts offered by streaming services. Many services offer special promotions and discounts throughout the year, especially around holidays and major events like the Super Bowl.

By following these tips and tricks, you can save money on streaming services without sacrificing the content you love.

Monica Green

By Monica Green

I am specialised in latest tech and tech discoveries.

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