6.2 C
Tuesday, November 28, 2023

Netflix reveals solution to password sharing


Related stories

Handre Pollard of South Africa Anticipates a Fierce Encounter with England in the Semi-Finals

South Africa's Rugby World Cup semi-final preparations continued in...

Scammers Utilize Artificial Intelligence to impersonate African Union Leader Moussa Faki

African Union Chief Moussa Faki Impersonated in Cyber Scam...

Victor Osimhen Faces Nearly a Month on the Sidelines Due to Hamstring Injury

Napoli's Nigerian striker, Victor Osimhen, has suffered a right...

Kenyan Facebook Moderators Allege Insincere Negotiations by Meta

The attorney representing 184 former Facebook content moderators in...

Netflix has seen a significant increase in subscriber growth in recent months, and it shows no signs of slowing down. Netflix, according to StockApps.com, has reignited its subscriber growth, outperforming its forecast by 140%. Between July and September of this year, Netflix’s subscriber base increased by 2.4 million, bringing the total to 223 million.

Edith Reads, a StockApps specialist, commented on the data.The difficulties Netflix encountered in the first half of the year are being overcome. The rise in subscriber numbers is encouraging for investors and other stakeholders. Furthermore, the company has a strategy that is critical to its ongoing growth. Netflix has introduced new low-cost plans, such as the Basic with Ads, in an effort to attract more users. In addition, the company has expanded its services to a number of new countries, which will increase its customer base.”

Read Also  Restaurants set to be banned from withholding staff tips

Several factors contribute to Netflix’s subscriber growth, including the introduction of new low-cost plans, expansion into new markets, and the release of popular original content. Netflix’s strong performance is encouraging for the streaming industry as a whole, indicating that there is still a high demand for streaming services.

The Password Exchange Solution

Another significant change is on the way at Netflix. After years of deliberation, the company is finally putting a plan in place to handle password sharing.

People who use other users’ accounts will be able to import a user’s profile into their Netflix account. The original subscriber can open a sub-account if they choose to pay for them.

Read Also  AI, according to Fed's Barr, could exacerbate prejudice and lending problems

Although Netflix has not specified a price for sub-accounts, the move is expected to increase the company’s revenue. Password borrowers are not currently monetized. It essentially provides the company with a free source of revenue.

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome & exclusive content in your inbox, every week.

We don’t spam! Read our privacy policy for more info.

InsiderBLM is a fast-growing business site with deep financial, media, tech, and other industry verticals.


- Never miss a story with notifications

- Gain full access to our premium content

We don’t spam! Read our privacy policy for more info.

Latest stories