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Optimizing Subscription Revenue through Pricing Strategies
The chapter explores the impact of pricing strategies on subscription uptake and revenue in the streaming industry, drawing comparisons between health and wellness apps and video streaming services. It discusses how price adjustments can be used as a lever to optimize profitability and manage subscriber churn, highlighting the cautionary example of Netflix's significant price increase in 2022. The conversation emphasizes the need for flexible pricing options and the shift towards customer lifetime value and subscriber management in the evolving streaming market.