Streaming big Netflix has misplaced as many as 2 lakh subscribers up to now quarter. What is extra surprising is that it’s projected to lose as many as 2 million subscribers quickly. If this occurs, on a world scale, Netflix is going to face a tricky time.
Amidst this, Netflix has reportedly blamed the observe of password-sharing amongst its customers. Therefore, it’s planning a crackdown on the identical. IGN ha quoted Netflix’s co-CEO Reed Hastings as saying that password sharing monetization that Netflix is conscious of password sharing for a while now. However, it did not take the matter severely as subscription and income progress had been so vital up until not too long ago. The acquisition and progress downturn is forcing Netflix to take motion.
It’s not recognized how precisely Netflix is going to crack down on the password-sharing tradition.
Users, on their half, say that Netflix’s content material high quality is dropping whereas its subscription prices are going up. A Twitter person named ‘Stop the Cap!’ stated that persecuting alleged password sharers (and legit prospects) with tedious 2-factor authentication, lowering stream limits additional, and jacking up costs even increased goes to irritate the disaster for Netflix.