The Entrepreneurs Weekly
No Result
View All Result
Sunday, July 20, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

Netflix Is About to Make Subscription Sharing Much Harder

by Brand Post
January 20, 2023
in Business
0
Netflix Is About to Make Subscription Sharing Much Harder
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Freeloaders beware — Netflix is about to clamp down on unauthorized password sharing.

On the heels of its bombshell announcement that CEO and co-founder, Reed Hastings, will be stepping down, the streaming giant also revealed that it would crack down on people “borrowing” its service in the U.S. (i.e., people who mooch off of other people’s accounts to watch Netflix).

“Today’s widespread account sharing (100M+ households) undermines our long-term ability to invest in and improve Netflix, as well as build our business,” the company said in a letter to shareholders.

In other words, sharing is not caring.

Indeed, Netflix blamed rampant account sharing as one reason for its massive subscriber loss last year.

So starting between now and March, Netflix plans to limit accounts to users within one household instead of allowing sharing between multiple external users. Account holders who want to share with users they don’t live with will have to pay an extra fee.

Related: Netflix Announces More Layoffs

How will subscribers react?

The company has tested this stricter policy with some success in Latin America. But based on that experience, they concede that the decision to limit subscriptions to households will cause some cancellations in the short term.

“We expect some cancel reaction in each market when we roll out paid sharing,” the shareholder letter reads.

In an earnings call earlier today, newly minted co-CEO Greg Peters, with Ted Sarandos, anticipated customer blowback.

“This will not be a universally popular move,” he said.

But ultimately, the company believes shows like Stranger Things and Megan will win people over.

“It’s the must-see-ness of the content that will make the paid sharing initiative work,” Sarandos said.



Source link

Tags: Business NewsHarderNetflixNews and TrendsReed HastingsSharingsubscriptionSubscription Businesses

Related Posts

AI-Powered Everything for Your Business—Just  for Lifetime Access | Entrepreneur
Business

AI-Powered Everything for Your Business—Just $80 for Lifetime Access | Entrepreneur

July 20, 2025
This is How Modern Tech Wizards Are Training | Entrepreneur
Business

This is How Modern Tech Wizards Are Training | Entrepreneur

July 20, 2025
Is AI Too Good at Tracking Stock Market Trends? | Entrepreneur
Business

Is AI Too Good at Tracking Stock Market Trends? | Entrepreneur

July 19, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
AI-Powered Everything for Your Business—Just  for Lifetime Access | Entrepreneur

AI-Powered Everything for Your Business—Just $80 for Lifetime Access | Entrepreneur

July 20, 2025
This is How Modern Tech Wizards Are Training | Entrepreneur

This is How Modern Tech Wizards Are Training | Entrepreneur

July 20, 2025
Is AI Too Good at Tracking Stock Market Trends? | Entrepreneur

Is AI Too Good at Tracking Stock Market Trends? | Entrepreneur

July 19, 2025
Why Top Brands Use Push Notifications to Boost Engagement | Entrepreneur

Why Top Brands Use Push Notifications to Boost Engagement | Entrepreneur

July 19, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In