Now, a decade later, Netflix is hoping to counter something it has been letting happen: password sharing.ĭuring an earnings call in 2016, Netflix CEO Reed Hastings said the company wouldn’t charge users for sharing their passwords. While much of the decline can be blamed on the company’s decision to withdraw from Russia in protest of the war against Ukraine, it’s the biggest drop since Netflix unveiled plans in 2011 to begin charging separately for its streaming service, which had been bundled for free with its traditional DVD-by-mail service. Executives have blamed password sharing, as well as increased competition from other streaming services, for the dip in subscriptions, and now they’re gearing up to turn the tides.īetween January and March this year, Netflix lost 200,000 users. ![]() ![]() (NEXSTAR) – Netflix reported its first loss of subscribers in more than a decade in its quarterly earnings update released Tuesday.
0 Comments
Leave a Reply. |