Other analysts, while encouraged by management's initiatives, were less impressed, and remain concerned about intense industry competition and looming recession next year. "The 100 million 'account borrowers' Netflix has counted represent a clear and present growth opportunity that Netflix will soon be in a position to exploit." "We believe we now have visibility into a subscriber growth inflection point next year given that Netflix management has confirmed both the early 2023 introduction of its new measures designed to better monetize account sharing, and the early November timing of its AVOD tier launch in 12 top markets," writes Kraft in a note to clients. Ali Canal, thanks so much.For Stocks, the Midterms May Not Matter. And thank you for answering all of those for us there. But a lot of people still have questions. RACHELLE AKUFFO: It'll be interesting to see how Netflix reacts to the results that they've seen and the backlash already before it even gets to the US, to see if they make any changes or if they just go ahead and roll out with this.
But definitely something to keep an eye on as we get closer and closer to that crackdown in the US. And this has been a continuous concern among subscribers, given how many services are currently on the market. She understands that the business wants to make a profit, but she does believe that at the end of the day, this is going to be a net negative. At this point, by needing multiple streaming services, it will end up as being as expensive as cable." Netflix was a draw because it meant we could get rid of our overpriced cable service. The reality is, each subscription service provides limited options at this point, and frankly, I believe people will be returning to illegal downloads.
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She wrote to me, quote, "If the policy change makes it that we would have to pay full price for a subscription, we would not add the service. So it seems like Netflix does not want to make it harder for the actual account holder to access their subscription.Īnd then finally, one more point here from Amanda G. You could also travel and watch Netflix from your hotel with particular access codes. Now, if you are a snowbird and have multiple homes, you can, in fact, change your primary location through the Netflix app. Netflix has made new agreements with actors and film production companies and piggybacking on consumers to pay for their deals through these agreements."
This Netflix agreement is reducing my livelihood and subjecting me to hardship. He wrote, quote, "I stay at three other locations besides my home each month. But if you have kids that are studying at college, that are away from that primary residence, under the terms of Netflix's rules in Canada where this viewer is from, that child would have to pay for a separate account, or the primary account holder could add up to two outside members for an extra $7.99 CAD a month per person.Īnother concern here came from Eric W. So that could be roommates, it could be a family. Now, that is not necessarily true, because Netflix defines a household as those that actually live within it. Families with children away at university would be considered part of the household under the Stats Can definition, since their primary residence is still with their parents." Writing, quote, "I understand Netflix's desire to stop five friends that don't live together sharing one account login, but that is how they built their business. So here are some of the biggest concerns from our viewers and readers. But countries like Canada, Spain, Portugal, Costa Rica, among others, are currently in the midst of this crackdown. So remember that nothing has happened in the US just yet.
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Netflix has said that what's been released so far in regards to the password sharing crackdown is only applicable to the announced country. We know there's been a lot of back and forth online about this.ĪLEXANDRA CANAL: Yes, Rachelle, and I received dozens of messages from concerned Netflix users. Yahoo Finance's Alexandra Canal has the details. RACHELLE AKUFFO: More and more Netflix users are expressing their concerns and their confusion over the streamer's crackdown on password sharing.
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