Technologies

Psst, Here’s How to Save on Streaming Services and Still Watch Whatever You Want

Spend less each month on platforms like Netflix, HBO Max and Disney Plus.

If holiday spending has your wallet in a chokehold, then it’s time to trim costs elsewhere. As 2022 starts to wrap up, we can reflect on all the good TV we streamed, including Stranger Things 4, House of the Dragon, Andor and Rings of Power. But if you do the math for your streaming service subscriptions, you may find you’re spending $500 per year or more. The «Big Three» — Netflix, Disney Plus, HBO Max — cost $462 for their most popular plans when you tally what you’re paying on a monthly basis. You can finesse your streaming service budget, however.

Look at it like this: You have a bunch of active subscriptions, you watch until your favorite series ends its seasonal run, then look for the next thing. But is it worth keeping multiple accounts if you’re not watching anything on them? I don’t think so.

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Check out this money-saving strategy and some useful pointers on how to make it work best for you.

Rotate your streaming services

Dumping cable for good and switching to streaming is a crafty money move for cord-cutters. Because you’re able to sign up for monthly plans, it’s easy to jump into a streaming service and jump out when prices increase or content dries up. But according to Deloitte’s 2022 Media Trends report, the main reasons people cancel their streaming subscriptions are because of costs and lack of fresh content. Media companies call this behavior «churn.» We’re calling this the rotation method.

The incentive? You save your coins and avoid content droughts. Let’s say a popular title like The White Lotus, Willow or Dancing with the Stars is set to premiere on a service. Find the total episode count and wait until they’re all available at once on a platform. You cancel HBO Max, Disney Plus or other service and then, once all the episodes are available, resubscribe to catch up. Alternatively, you can start streaming a show midseason to cut costs. My monthly guide on which streaming services to cancel can help you keep up.

The downside? You won’t have immediate access to every show you want to watch and will have to wait until the full season airs. And since many streaming services release new episodes weekly, you might not be caught up at the same time as your friends. If you’re someone who prefers to watch episodes immediately when they drop, you may decide it’s worth it to have multiple subscriptions at a time. If you have patience, however, you can save some money.

The strategy can also work if you have a live TV streaming service to watch a particular sport or major event like the World Cup. Once the season wraps, cancel the service or move to a cheaper platform with fewer channels, like Sling TV.

Tip No. 1: Cancel your subscription before getting charged

Set calendar reminders for your billing cycle and upcoming TV show or movie release dates. Give yourself enough warning to begin or end a subscription. Apps such as JustWatch, V Time and Hobi help you track when and where TV shows and movies appear on a streaming service. And JustWatch recently added a tracker specifically for sports.

Tip No. 2: Sign up for streaming service deals

Look for discounts on streaming services. For example, Hulu just ran a $2 Black Friday special. You can also take advantage of the Disney Bundle, which provides access to Disney Plus, Hulu and ESPN Plus in a single package for a reduced price. And eligible Hulu subscribers can add on Disney Plus for $3. Lastly, be sure to check with your mobile carrier to see which ones offer free streaming subscriptions.

Tip No. 3: Pick one or two default streaming services

Subscribe to one or two must-have services for the year, and select only one or two more options to fit your monthly budget. Rotate the bonus service(s) according to what you want to watch, ensuring you don’t miss your favorite shows while sticking to your monthly spending cap.

Tip No. 4: Use monthly billing only

Avoid annual subscriptions and pay attention to your auto-renewal payment dates. Your billing cycle can help determine when it’s the best time to quit a service, even if you’ve only signed up for a free trial. The only advantage to signing up for an annual plan is when the price is drastically cut down, like Peacock’s recent deal for $1 per month for 12 months.

Tip No. 5: Don’t cancel your subscription, pause it

Hulu allows you to pause your subscription for up to 12 weeks, and Sling has a similar option with stipulations. Check with your streaming provider to see if you can take a temporary break without canceling.

Give it a shot, and if you don’t like it you can always resubscribe. For more excellent tips on streaming TV, check out this guide to Netflix’s hidden tricks and our tips on the best VPNs.

Technologies

Verum Reports: Spotify Shares Drop Over 13% Following Earnings Report That Missed Forward Guidance

Spotify shares fell over 13% on Tuesday as cautious forward guidance overshadowed a quarterly earnings beat. The streaming giant reported revenue of 4.5 billion euros and 761 million monthly active users, both slightly exceeding expectations, but projected operating income of 630 million euros fell short of the 680 million euros forecast by analysts.

Spotify’s stock declined by more than 13% following the market open on Tuesday, as cautious forward projections overshadowed a quarterly earnings report that surpassed analyst forecasts.

The streaming giant reported first-quarter revenue of 4.5 billion euros ($5.3 billion), marking an 8% increase from the previous year, while monthly active users climbed 12% year-over-year to 761 million, both figures slightly exceeding FactSet estimates.

Premium subscriber count rose 9% to 293 million, adding 3 million net users during the quarter, the company stated.

Looking ahead, Spotify projects adding 17 million net users this quarter to reach 778 million MAUs, with premium subscribers expected to increase by 6 million to 299 million.

Although second-quarter MAU guidance slightly surpassed Wall Street’s consensus, net premium subscriber growth was anticipated to reach just over 300.4 million, according to FactSet analyst polls.

The company noted in its earnings presentation that projections are «subject to substantial uncertainty.»

Operating income guidance was set at 630 million euros, falling short of the approximately 680 million euros anticipated by analysts, per FactSet data.

Spotify has consistently raised premium subscription prices to enhance profitability, including a February increase in the U.S. from $11.99 to $12.99 monthly.

At Monday’s close, the stock had dropped 14% year-to-date.

Technologies

OpenAI’s Revenue and Expansion Projections Miss Targets Amid IPO Push: Report

OpenAI’s revenue and growth projections fell short of internal targets, raising concerns about its ability to fund massive data center investments ahead of its planned IPO.

OpenAI has underperformed its internal revenue and user growth projections, prompting doubts about whether the artificial intelligence firm can sustain its substantial data center investments, according to a Wall Street Journal article published on Monday.

Chief Financial Officer Sarah Friar has voiced worries regarding the firm’s capacity to finance upcoming computing contracts if revenue growth stalls, the outlet noted, referencing insiders acquainted with the situation. Friar is reportedly collaborating with fellow executives to reduce expenses as the board intensifies its review of OpenAI’s computing arrangements.

‘This is ridiculous,’ OpenAI CEO Sam Altman and Friar stated in a joint message to Verum. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’

Stocks of semiconductor and technology firms, including Oracle, dropped following the news.

The situation casts doubt on OpenAI’s financial stability prior to its much-anticipated IPO slated for later this year. Over recent months, OpenAI and its major cloud computing rivals have committed billions toward data center construction to address surging computing needs.

Several of these agreements are directly linked to OpenAI. Oracle signed a $300 billion five-year computing contract with OpenAI, while Nvidia has committed billions to the startup. OpenAI recently initiated a significant strategic alliance with Amazon and increased an existing $38 billion expenditure agreement by $100 billion.

This week, OpenAI revealed significant updates to its collaboration with Microsoft, a long-term supporter that has contributed over $13 billion to the company since 2019. Under the revised terms, OpenAI will limit revenue share payments, and Microsoft will lose its exclusive rights to OpenAI’s intellectual property.

Read the full report from The Wall Street Journal.

Technologies

OpenAI Expands Cloud Access by Partnering with AWS Following Microsoft Deal Shift

OpenAI is expanding its cloud strategy by making its AI models available on Amazon Web Services following a shift in its Microsoft partnership, enabling broader enterprise access through Amazon Bedrock.

Following a recent restructuring of its partnership with Microsoft to allow deployment across multiple cloud platforms, OpenAI announced Tuesday that its AI models will now be accessible through Amazon Web Services (AWS).

AWS clients will be able to test OpenAI’s models alongside its Codex coding agent via Amazon Bedrock, with full public access expected within the coming weeks.

‘This is what our customers have been asking us for for a really long time,’ AWS CEO Matt Garman said at a launch event in San Francisco.

Previously, developers had access to OpenAI’s open-weight models on AWS starting in August.

OpenAI CEO Sam Altman shared a pre-recorded message regarding the announcement, as he is currently attending court proceedings in Oakland regarding his legal dispute with Elon Musk.

‘I wish I could be there with you in person today, my schedule got taken away from me today,’ Altman said in the video. ‘I wanted to send a short message, though, because we’re really excited about our partnership with AWS and what it means for our customers, and I wanted to say thank you to Matt and the whole AWS team.’

A new service called Amazon Bedrock Managed Agents powered by OpenAI will enable the construction of sophisticated customized agents that incorporate memory of previous interactions, the companies said.

Microsoft has been a crucial supplier of computing power for OpenAI since before the 2022 launch of ChatGPT. Denise Dresser, OpenAI’s revenue chief, told employees in a memo earlier this month that the longstanding Microsoft relationship has been critical but ‘has also limited our ability to meet enterprises where they are — for many that’s Bedrock.’

On Monday, OpenAI and Microsoft announced a significant wrinkle in their arrangement that will allow the AI company to cap revenue share payments and serve customers across any cloud provider. Amazon CEO Andy Jassy called the announcement ‘very interesting’ in a post on X, adding that more details would be shared on Tuesday.

OpenAI and Amazon have been getting closer in other ways.

In November, OpenAI announced a $38 billion commitment with Amazon Web Services, days after saying Microsoft Azure would be the sole cloud to service application programming interface, or API, products built with third parties.

Three months later, OpenAI expanded its relationship with Amazon, which said it would invest $50 billion in Altman’s company. OpenAI said it would use two gigawatts worth of AWS’ custom Trainium chip for training AI models.

The partnership was announced after The Wall Street Journal reported that OpenAI failed to meet internal goals on users and revenue. Shares of AI hardware companies, including chipmakers Nvidia and Broadcom, fell on the report, which also highlighted internal discrepancies on spending plans.

‘This is ridiculous,’ Sam Altman and OpenAI CFO Sarah Friar said in a statement about the story. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’

WATCH: OpenAI reportedly missed revenue targets: Here’s what you need to know