November 23, 2024 10:51 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Netflix hints at password sharing crackdown as subscribers drop
Netflix
Image: Wallpaper Cave

Netflix hints at password sharing crackdown as subscribers drop

| @indiablooms | 20 Apr 2022, 05:23 pm

Video streaming platform Netflix has hinted it might initiate a crackdown on households sharing passwords as it seeks to sign up new members following a sharp fall in subscribers.

The company lost  200,000  subscribers in the first three months of the year.

Netflix warned shareholders another two million subscribers were likely to leave in the three months to July, reports BBC.

"Our revenue growth has slowed considerably," the firm told shareholders on Tuesday after publishing its first quarter results as quoted by the British media.

"Our relatively high household penetration - when including the large number of households sharing accounts - combined with competition, is creating revenue growth headwinds."

The streaming giant estimates more than 100 million households are breaking its rules by sharing passwords.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.