The Rundown Netflix Raises Prices (Again), Nasdaq Falls Into Correction
Mar 27, 2026
Markets skid as the Nasdaq slides into correction territory while tech names lead losses. Netflix hikes prices across all plans and doubles down on live sports and big-content spending. JetBlue explores a potential sale amid rising fuel and airfare pressures. Unity lifts guidance on Vector AI momentum. Bitcoin cools off after a brief rally. Apple quietly earns big revenue from AI app subscriptions.
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Nasdaq Slides Into Correction
- The Nasdaq entered correction territory after falling 10% from its October highs as tech stocks led losses.
- NVIDIA, Google, and Meta dropped multiple percentiles amid renewed Iran war fears and oil price-driven market sentiment.
Prepare For Higher Streaming Bills
- Expect subscription prices to rise for dominant streaming services because they have pricing power and low cancellation rates.
- Netflix raised US plan prices and will spend $20B on content in 2026, using live sports deals to justify hikes.
Netflix Betting On Live Sports
- Netflix is leaning into expensive live sports and events to attract subscribers and promote its content.
- Deals include a $50M/yr MLB package and a reported $75M/yr two-game NFL Christmas Day contract.