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Future of Netflix looks grim as company value drops.
Netflix shares plunged this week after the platform reported its first subscriber loss in more than a decade. One factor the company pointed to as hurting revenue: widespread password sharing.

Does this mean the streamer is about to kick millions of viewers off shared accounts? Not quite. But it could mean that Netflix subscribers around the world may have to pony up to keep their kids, friends or colleagues on their accounts.
For years, Netflix (NFLX) has allowed subscribers to share their passwords with little interference. In fact, the service admitted in its letter to investors Tuesday that the policy likely helped fuel its growth by "getting more people using and enjoying Netflix."
Yet that growth has severely stalled, and Netflix said Tuesday that it's now looking into how "best to monetize sharing." The company noted that of its 222 million paying households around the world, it estimates that "Netflix is being shared with over 100 million additional households."
Is this the end of Netflix password sharing?
So what does that mean for your account? It's unclear since Netflix is in the early stages of figuring how to make more money from account sharing.
Last month the company said that it has been working for a year on ways to "enable members who share outside their household to do so easily and securely, while also paying a bit more." Translation: you're going to have to pay for those extra folks on your account.
The company has rolled out two test features in three overseas markets called "Extra Member" and "Profile Transfer." The costs vary based on a number of factors, but Netflix said the features can be added for "a fraction of the price of a Basic Plan."
With "Extra Member," subscribers to Netflix's standard and premium plans can add an account for up to two people who don't live with them.
Netflix's world has been turned upside down as stock plunges 35%
Netflix's world has been turned upside down as stock plunges 35%
These "extra" members will have full access to the main Netflix account, and have their own profiles and login. Extra memberships won't be counted in Netflix's overall paid subscriber figures.
So if you have someone on your Netflix account who doesn't live in your household — a kid away at college, a friend, a distant cousin, whatever — you'll be paying extra for their access.
The "Profile Transfer" option lets subscribers at any price tier transfer their profile information — namely their viewing history — to a new paid account.
Both features are currently being tested in Chile, Costa Rica and Peru. Netflix typically tests new features in smaller markets before rolling them out on a larger scale, and at this point it's unclear if "Extra Member" or "Profile Transfer" will become a bigger offering or be scrapped.
However, with the company's stock plummeting and investors questioning its future growth potential, it's a good bet that these or similar options could be implemented sooner rather than later.
As goes Netflix, so goes streaming
"We've always tried to make sharing within a member's household easy, with features like profiles and multiple streams. While these have been very popular, they've created confusion about when and how Netflix can be shared with other households," the company said Tuesday. "While we won't be able to monetize all of it right now, we believe it's a large short- to mid-term opportunity."
Then again, making customers pay for the privilege of sharing their accounts could backfire. Netflix already raised its prices earlier this year; additional costs could alienate its base.
The company is still in the early days of working out how to monetize password-sharing, and if Netflix clamps down on the practice other services are likely to follow its lead. As the bellwether of the streaming world, Netflix's decision could have industry-wide ramifications.



https://edition.cnn.com/2022/04/22/media/netflix-passwords-sharing/index.html

password sharing ain't the problem, improve your content. , u see Disney+. taking over

The movies on Netflix actually sucks , I think they are just living on hype , it's better you just go and download your film and watch

That will be their end.

The amount of data consumed by it is too much sef

Na them know o. As long as say xender dey to dey collect movies, I no get shaking.

Wahala for who no get friends with 300+ movies.

What will ever benefit the poor In life. Once there is life there will always be hope. A day can change your story.

Make I book space before I go think watin I go comment

Their loss

Lol.

And I've been sharing my email and password to 4 girls two of which are my younger sisters so they too can have access to Netflix cos I can't just waste over 4k subscription like that.

If they clamp down on that, I see them loosing subscribers.

This I have seen.

....then we hack in direct.

[img]https:///media/4-02-2022/WHvSd9.gif[/img]


...no shaking!

make sense

No wahala. Any way na way

Imagine o. So one netflix per person ? Or how dem won do am lol

It’s just like blackberry days,there is no good movie on Netflix only soap and season movies
It’s useless

Right...
Somewhat predicted sha.



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How do they intend to achieve this .............

No be today we don dey hear am.

Nigerians that enjoy watching zeeworld are delusional with very low IQ

This is what happens to a company when they start supporting wokeism and promoting all sorts of homosexualism and transgenderism agenda in the movies.

People often start getting tired of that nonsense at some point.

How much is Netflix currently in Nigeria?

Lol.

They lost over 200, 000 subscribers after dem share this news. You increase subscription cost and you wan prevent people from sharing passwords. Other streaming services are cheaper. Plus all the woke sh!t they keep forcing down people’s throat. Go woke go broke. Hehehe

NetFlix, do not do that, common!

bluefilm:
This is what happens to a company when they start supporting wokeism

Go woke go broke.

T

They are already working on that, is either they charge for password sharing and perhaps start supplementing subscription with advertisement
It was reported their share slumped by 25% and their revenue was shorted in billions of dollars