{"id":14439,"date":"2022-05-04T09:48:32","date_gmt":"2022-05-04T09:48:32","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing"},"modified":"2022-05-04T10:08:09","modified_gmt":"2022-05-04T10:08:09","slug":"investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing","title":{"rendered":"Investors skeptical of Netflix\u2019s plans to crack down on account sharing"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Netflix\u2019s plan to get tough on account sharing failed to reassure Wall Street that the world\u2019s largest streaming video company had found a way to spark new growth.<\/p>\n

The company\u2019s stock was down 36% in trading Wednesday, a day after Netflix said it would ask subscribers who share their accounts with people outside of their households to pay more.<\/p>\n

It blamed password sharing, in part, for failing to hit its subscriber growth targets. The extent of the shared accounts \u2014 estimated at 100 million around the world, including 30 million in the United States and Canada \u2014 was a warning sign of its own.<\/p>\n

Media analyst Michael Nathanson wrote that the crackdown on password sharing signals Netflix thinks it\u2019s \u201chitting a wall\u201d at 221.6 million subscribers.<\/p>\n

\u201cAny company with large out-year subscriber and (revenue) targets should be a bit more nervous today,\u201d he wrote. Netflix Chief Operating Officer Gregory Peters on Tuesday told investors the company would not stop a subscriber sharing with a sister.<\/p>\n

\u201cBut we\u2019re going to ask you to pay a bit more to be able to share with her and so that she gets the benefit and the value of the service, but we also get the revenue associated with that viewing.<\/p>\n

\u201d Netflix has been working on the issue for two years and conducting tests. In March, Netflix began charging users in Chile, Costa Rica and Peru an additional fee to share their accounts with up to two people.<\/p>\n

read more On Tuesday, the company said it plans to introduce the new charge for password sharing globally, within a year. Some analysts were skeptical.<\/p>\n

\u201cWe don\u2019t believe that this strategy will be the panacea that some investors have outlined over the last few years,\u201d said Morningstar analyst Neil Macker.<\/p>\n

\u201cNetflix may be able to squeeze a few more dollars out of some of the primary households, but we think that other ones will look at the new sharing fee as another pricing increase and cancel.<\/p>\n

Others simply scoffed at the notion that password sharing accounted for Netflix\u2019s loss of 200,000 subscribers in its first quarter and predictions that it would lose even more members in the spring.<\/p>\n

\u201cIt seems more like an excuse for the poor performance than anything else,\u201d said Manuel Muhl, an analyst with DZ Bank AG.<\/p>\n

\u201cPassword sharing has been a problem for years, this cannot be cited as a valid reason for disappointing user growth.\u201d<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Netflix\u2019s plan to get tough on account sharing failed to reassure Wall Street that the world\u2019s largest streaming video company had found a way to spark new growth. The company\u2019s stock was down 36% in trading Wednesday, a day after Netflix said it would ask subscribers who share their accounts with people […]<\/p>\n","protected":false},"author":84,"featured_media":14438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9,16],"tags":[233,245,241,1793],"class_list":["post-14439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","category-twitter","tag-africa-press","tag-africa-press-mauritius","tag-mauritius","tag-netflix"],"yoast_head":"\nInvestors skeptical of Netflix\u2019s plans to crack down on account sharing - Mauritius<\/title>\n<meta name=\"description\" content=\"Netflix\u2019s plan to get tough on account sharing failed to reassure Wall Street that the world\u2019s largest streaming video c ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors skeptical of Netflix\u2019s plans to crack down on account sharing\" \/>\n<meta property=\"og:description\" content=\"Netflix\u2019s plan to get tough on account sharing failed to reassure Wall Street that the world\u2019s largest streaming video c ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-04T09:48:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-04T10:08:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2022\/05\/postQueueImg_20.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"646\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Investors skeptical of Netflix\u2019s plans to crack down on account sharing\",\"datePublished\":\"2022-05-04T09:48:32+00:00\",\"dateModified\":\"2022-05-04T10:08:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing\"},\"wordCount\":427,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2022\/05\/postQueueImg_20.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Mauritius\",\"Netflix\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/investors-skeptical-of-netflixs-plans-to-crack-down-on-account-sharing\",\"name\":\"Investors skeptical of Netflix\u2019s plans to crack down on account sharing - 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