After the fees are widely implemented, Netflix did not specify how it will enforce unpaid password sharing.steemCreated with Sketch.

in steemexpercien •  2 years ago 

Netflix began experimenting with ways to "monetize account sharing" after recording its largest subscriber losses ever earlier this year, after years of being relatively permissive regarding password sharing.Next month, Netflix plans to introduce advertising-supported cheaper subscriptions in addition to the password-sharing fees.
Nearly all of Hollywood's major media companies poured billions of dollars into their own streaming operations as a result of Netflix's dominance of streaming video and years of unstoppable subscriber growth.A slew of new services, including Disney Plus, HBO Max, Peacock, Paramount Plus, and Apple TV Plus, emerged as a result of these so-called streaming wars.The number of services you need to use, and frequently pay for, to watch your favorite movies and shows online has increased as a result of the abundance of streaming options.
Netflix is pursuing strategies it had dismissed for years as it feels the heat of intensifying competition for your attention and subscription.
Netflix's password-sharing fee system appears to be based on one it has been testing for about six months in Chile, Costa Rica, and Peru.

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