200,000 users abandon Netflix after crackdown backfires::Aussies have spoken, and the results are not looking good for Netflix. A new report reveals why users are turning to streaming competitors.
200,000 users abandon Netflix after crackdown backfires::Aussies have spoken, and the results are not looking good for Netflix. A new report reveals why users are turning to streaming competitors.
This article is specifically about Australia. Globally, Netflix added 5.9 million subscribers after their password-sharing crackdown.
I hate to say it, but the crackdown worked exactly as intended.
https://www.bbc.com/news/business-66240390
“Yes, I’d love to pay even more money for even shittier service. Thank you!”
-People apparently
I live in multiple places with each stay lasting about three months. So far Netflix has not given me shit about it. It just asks me if I want to movey home address. As long as it continues to let me move around, we’re cool. The moment it decides that I have to open a separate account per home, I am out. I watch Paramount+ the most anyway.
EDIT: Honestly, the real conversation should be how mid Netflix original content is most of the time. Their best shit is stuff they import.
I have a similar lifestyle thanks to work and Netflix did exactly what will make you cancel. Whatever you do, don’t set it up on your home smart TV because that’s the thing that screwed up my account. Suddenly, I had to create new accounts for every random hotel I was living in for months at a time or go home every 30 days to reconnect to my home WiFi. I cancelled as soon as the account I paid for, that I didn’t share outside my household suddenly stopped working. As an aside, I wonder how this effects other traveling people: truckers, military families, traveling nurses, or air crew.
Every time Netflix was in the front page of reddit, I’d check my Netflix stock.
My Netflix stock keeps increasing. The first so called “massive exodus” took it from $140 to $220. It’s currently over $400.
So… Yeah.
the ad supported subscription cost less, so I wonder if they are still making as much money
Yes, and Disney+ said they will do the same
Of course it did. Why wouldn’t it? It’s not like anyone is thinking “oh my grandson’s friend can’t use my account for free anymore, I’m going to cancel my subscription now!”. All while Netflix is dramatically reducing their server load costs.
Maybe. It’s just the start right? How many will keep those subscriptions? What about when they raise costs again? I’ve had a Netflix account for a really really long time. I was even grandfathered into a plan at one point. Eventually was forced into coughing up more and more money, getting less and less for it. It wasn’t just the password sharing. It was the way they keep running their business, and how it’s going across the whole streaming system. I cancelled my service a few days ago after over a decade of service.
On top of this all: 🤬 ads. I’m so sick of being bombarded literally everywhere. From Products I buy and bring home, to being outside of the house. I’m sick of being a cash cow and getting ’trickle down’ wages and dealing with inflation. So yeah. 🖕 Netflix.