Just goes to show, none of you know the first thing about business. Everyone was saying they were gonna cancel their account and Netflix would go out of business…lmao couldn’t be more wrong
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Netflix Gains Six Million Subscribers After Password Sharing Crackdown
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Something to keep in mind, this indicates global paid memberships. Not saying it’s a clear picture, but it doesn’t break down by the areas they’ve locked down on passwords vs areas where password sharing is still enabled. They could very well have seen an increase in numbers in places not yet affected by the change, and a decrease in memberships in the affected areas.
Netflix earlier this year began cracking down on password sharing in the United States and other countries, and the effort has been successful, the company said today. Netflix gained 5.9 million new global subscribers in the second quarter of 2023, including more than one million in the U.S. and Canada, according to its most recent earnings report [PDF].
Based on these results, Netflix will now roll out paid sharing to "almost all" remaining countries where the new policies have not yet been enacted. Netflix eliminated multi-household password sharing in the United States in May, a move that immediately caused signups to surge.
According to Netflix, revenue is up in every region where paid sharing was introduced, and sign-ups have exceeded cancelations. The company saw revenue growth of 2.7 percent year over year. Going forward, Netflix expects revenue growth to accelerate further as it begins to see the full benefits of paid sharing and additional adoption of its ad-supported plan.
For years, Netflix allowed subscribers to share their accounts with people outside of their direct household, but that is no longer allowed. All people who access a Netflix account must live in the same location, with Netflix restricting access based on IP and other location data. Netflix provided tools to allow those sharing accounts to sign up for their own accounts.
Netflix claimed that more than 100 million households were sharing accounts, impacting its ability to "invest in and improve Netflix" for paying members.
Article Link: Netflix Gains Six Million Subscribers After Password Sharing Crackdown
Almost everyone. I closed my account on June 16th. You have a 30 day grace period to change your mind. I haven't. Never speak/write in absolutes. Your family and friends will respect you for it.
TheYayAreaLiving 🎗️
Suspended
Sorry, I think you misunderstood. Never said it should be free. However, lowering the price is always better and Netflix doesn't seem to think that way anymore. In addition, it's hot as hell in Las Vegas. We are melting over here. 🫠
Timmy's ears pricked up with all that bulk coin they earned. What will he do to emulate this?
Still able to share my sister in laws account on my Apple tv 4k gen 2. Hoping it stays like this.
I did a one month subscription to follow up a show, after not having used Netflix in a year or two.
And holy moly it’s gotten expensive, I’m not going to subscribe to it again time soon.
And holy moly it’s gotten expensive, I’m not going to subscribe to it again time soon.
My point was by cracking down later they can make their loss/gain numbers look better initially than they may end up being.
As for me, no I won't add a second account. I share one with my elderly mother, and it is barely worth it for the two of us (we probably watch one series every three months or so). I will leave it for her. And actually if the price keeps going up, I may dump it, since we use most of the other streaming services much more.
From what I understand, they won't enforce the sharing limit on iDevices, so if I can continue to watch things on my iPad (and visit regularly as I do), and she can continue using AppleTV, that is fine too.
You actually think that someone setup fake accounts and paid for them to bolster the sub numbers?
A far more likely scenario is that people who where using someone else's account found they enjoyed the content enough to open their own account, but you do you.
If "bot accounts" are paying for their subscription, what difference does it make?
So you never said one thing and in time changed your mind?
As "lowering the price is always better" I imagine you will be visiting your boss tomorrow and asking for a smaller salary? Or if you are self employed I imagine you will be lowering your rates to your customers?
Or is this trope of yours only good when applied to others?
I also gained weight after I stopped sharing food but that doesn’t make me a successful person 😉
Great, now other services will decide to remove the multi account feature and have one user per account. 
The only reason we have Netflix is because it comes with our cellular package.
Or… and hear me out.. it’s because they also added the ad-supported free tier at around the same time. And it was cheaper. So more people jumped on. A true number would be how many people signed up for the shared account crap. (And how many will keep it after the first month)
keep hope alive, I look forward to the day when they do 😎😎😎😎😎😎😎😎
I'll be in Vegas in 2 weeks... thats hot. Coming from SW Florida where its hot as hell too but tropical not desert.
Services like Tubi are getting better and better, and they're free.
I was with Netflix when it was a DVD company and when they went into streaming I stayed when they started to raise prices I closed my account and never looked back Mr. Haystings who is in charge of the company is one of the reasons I closed my account. I closed it on principle and will never open an account ever!!!!!!!!!!
I told Netflix to take a hike the minute I herd this foolishness and went with a jailbroken Apple TV and haven't looked back.
Good on them and they should have done this ages ago. If you want the service, you pay for it. Perfectly simple and reasonable. I still get a lot of value from it and it's worth it to me.
Happy to give a new subscription numbers but not any numbers with account cancellations or net subscriptions. Sounds like bonuses are being paid out with new business numbers.