Netflix to launch a Paid password-sharing feature soon, Check how it will work

- Advertisement -

Netflix reported an all-time record high of 232.5 million subscribers in the first quarter of 2023. With this, the streaming platform has finally relieved itself from the low subscriber growth rate that was in notion after the pandemic.

Now, Netflix is speculated to soon be rolling out a paid password-sharing system as it begins the crackdown on sharing of account passwords. The company has delayed its much-anticipated crackdown on sharing of account passwords “to improve the experience for members.” The options for paid password sharing will likely be released in the current quarter that is before June 2023.

What is Netflix paid password sharing system?

As its name suggests the paid password-sharing system of Netflix will enable users to share access and password with others for an extra subscription charge.

- Advertisement -

If reports are to be believed then the password-sharing system will be released by Netflix before June 2023. A paid password-sharing system would entail members paying extra subscription charges for consumption of Netflix content beyond a designated number of accounts. Netflix said that this will provide a better result for both the subscribers and their business.

Netflix business

Meanwhile, Netflix has rolled out its ad-supported plan — “Basic with Ads” for Apple TV users in India after a delay of months. The platform released the “Basic With Ads” steaming plan on November 3 last year to subscribers in the US, the UK, France, Germany, Italy, Australia, Japan, Korea, Brazil, Canada and Mexico for $6.99.

According to prediction sof Market tracker Insider Intelligence, Netflix will bring in $770 million in ad revenue from the new tier this year, and that revenue figure will top $1 billion next year.

- Advertisement -

Netflix has also announced a significant growth in engagement in India by nearly 30 per cent (year on year) in the first quarter of 2023 after it reduced the price of the subscription in the country.

- Advertisement -

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

Canara Bank Chief Manager arrested in Rs 1.30 crore fraud case

Canara Bank Chief Manager arrested in Rs 1.30 crore fraud case

Flipkart partners with Axis Bank to launch its own UPI service

Flipkart partners with Axis Bank to launch its own UPI service

High Court Judge gets only Rs.15000 pension per month

High Court Judge gets only Rs.15000 pension per month

Maharashtra allows revised NPS pension for Government Employees

Maharashtra has revised NPS pension for Govt Employees

Bank Employees protest against Outsourcing and Privatization of Banks

Bank Employees protest against Outsourcing and Privatization of Banks

SBI Manager arrested for stealing Rs 3 crore Gold from customer’s Locker

SBI Manager arrested for stealing Rs 3 crore Gold from customer's Locker

UPI Data: Rs 18.28 lakh crore UPI transactions done in February, Check full report

UPI Data: Rs 18.28 lakh crore UPI transactions done in February, Check full report

Record Broken: RBI handles 4.1 crore NEFT transactions in a day

Record Broken: RBI handles 4.1 crore NEFT transactions in a day

5 Day Banking and Salary Hike for Bank Employees expected in June

Good news for Bankers! 5 Day Banking may be introduced in June

Banks will open on Sunday and other holidays for KYC in Chhattisgarh

Banks will open on Sunday and other holidays for KYC