Netflix's Password Sharing Crackdown: Subscribers Acceptance and Financial Impact
TL;DR Summary
Netflix has revealed that customers largely accepted its recent crackdown on password sharing, with subscriber numbers increasing by 5.9 million globally during the enforcement period. The company plans to expand its efforts to countries like India, Indonesia, Croatia, and Kenya. Netflix also announced a new program allowing users to add outside-the-home members to their plans for $7.99 a month. However, this option will not be available in countries where lower prices are already offered. The move to crack down on password sharing comes as Netflix aims to combat market saturation and promote its ad-supported tier.
- Netflix says people just kind of rolled over and accepted the password sharing crackdown The A.V. Club
- Netflix GAAP EPS of $3.29 beats by $0.44, revenue of $8.19B misses by $100M (NASDAQ:NFLX) Seeking Alpha
- Citi: We're bullish on Netflix due to its password crackdown and ad-tier CNBC Television
- Netflix Subscribers Are Up, But Advertising Remains Stagnant AdExchanger
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