We Charge More If You Share Your Account: Netflix Says
Netflix faces a significant decline in its earnings in the first quarter of 2022.
In today’s meeting, the company announced to expand its test for more time. But they clarify that the prices will be higher if the account holder shares their screens.
We would charge extra if the Netflix account owner shared their account with other users.
Now, what happened with Netflix? How they’re thinking of applying such criteria to their users?
Netflix shares are down after losing 200,000 subscribers in the first quarter of 2022.
The company reports that it has happened for the first time in 10 years.
The analyst says the damage will be more in the second quarter approx 2 million.
What is that mean? Is it really Netflix is losing tons of subscribers in just a couple of months.
This is not a good sign for the company and Netflix users.
The Netflix Cheif Product Officer, Grey Peters said,
“We have been working on testing this scenario for over a year and we started some more test lunch. We’re thinking and observing the mechanisms that we‘re deploying now.”
“We just did the first big country test, but it will take some more time to work on this to get the balance right”.
Grey Peters
The company says if you’re sharing the accounts, you have to pay us more.
Can Netflix follow this rule to get the right balance in their revenue?
Will the company lose more users, or they get back on track?
We’re hoping for the best.