Netflix is planning to crack down on password sharing in 2023, a practice which was identified by company researchers as a major issue eating into subscriptions in 2019, the Wall Street Journal’s Sarah Krouse and Jessica Toonkel report, citing people familiar with the situation. Netflix has put off dealing with the problem due to concerns over alienating customers, but as subscriber losses have mounted the company is planning to charge people to share accounts beginning in the U.S. early next year. Reference Link
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on NFLX:
- Microsoft owning Netflix would make strategic sense, says Reuters’ Breakingviews
- Firm estimates ad-tier least popular Netflix plan in launch month, WSJ reports
- Oppenheimer reiterates bullish stance on Netflix’s ad tier driving sub growth
- Is Netflix Stock (NASDAQ:NFLX) a Buy 75% Off Its Low?
- Netflix price target raised to $275 from $250 at Morgan Stanley