The coveted Netflix sound indicating that a new show is starting could be ringing slightly softer as subscribers leave the platform, which has led Netflix to lay off 150 employees. As of May 17, the streaming platform confirmed with NPR that they were restructuring its labor force after the first significant loss in subscriptions in a decade.
May 18, 2022
The days of getting your family member or friend to share their Netflix password seem to be numbered. Forbes reports that the streaming giant is locking down on a new way to charge users for giving their account information out to people who are outside of their households. To bring the plan to direct action, Netflix is currently testing a password-sharing fee in Chile, Costa Rica, and Peru.
Mar 25, 2022
The days of sharing Netflix and Hulu passwords could soon be coming to a end. At the annual CES convention in Las Vegas, software company Synamedia revealed its artificial intelligence tracker that helps streaming services find users who are sharing account information. The company is using AI to geo-locate users who could be sharing passwords. The technology analyzes whether one account is being used in multiple locations at the same time and flags the streaming service. According to a report from CNBC , 35 percent of millennials share passwords, which could be causing streaming companies to miss out on millions of dollars. For Gen X and Baby Boomers, password sharing rates are estimated at 19 percent and 13, respectively. CNBC also reported that Netflix announced it is increasing its prices by 13 to 18 percent. It is unclear whether the pricing has been impacted by product costs or users sharing passwords. According to The Verge , the software is already being tested in a number...
Jan 16, 2019