Netflix is losing around $391 million a year to password sharing, a crackdown might be in

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 4 months ago '17        #1
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ghettorockstar 69 heat pts69
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Netflix is losing around $391 million a year to password sharing, a crackdown might be in
 

 
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A recent Reuters report states, “more than one-fifth of young adults who stream shows like Game of Thrones or Stranger Things borrow passwords from people who do not live with them.” It has even lead to speculations that password sharing on Netflix may soon be a thing of past; since Thomson Reuters has predicted a Netflix shares slump from 31 percent in the second quarter this year to 19 percent next year.

The survey saw 21 percent of young adults in the age group of 18 to 21 years using the streaming service sharing their passwords. This number is 12 percent for adults. Quartz’ Quartz Index showed that Netflix, a streaming service co founded by Marc randolph and Reed Hastings, saw a gradual revenue growth from 2007 to 2015 which is now at $9 billion. However, with 50 million subscribers to its name, there is a fear that the rate of increase in subscriptions might stagnate, lowering the growth rate.

Netflix, popular for bringing the culture of online streaming into the mainstream, may have to give have to crackdown on this password sharing aspect once the quarterly earnings are released on Monday, as per analysts from The Wall Street Journal. Investor pressure to focus on increasing the revenue may lead to this crackdown.

As per Reuters’ survey, the password sharing, a misnomer for password borrowing, is used to spend less on video subscription.

Conducted online in English in the US from 8 June to 26 June, the Reuters/Ipsos poll gathered responses from 4,453 adults.

Publish date: July 15, 2017 5:57 pm| Modified date: July 15, 2017 5:58 pm

Tags: Game of Thrones, HBO Now, Internet video streaming, Netflix, Netflix Password Sharing, Reed Hastings, Thomson Reuters



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FlyinIron and 4 others slapped this ish
 

144 comments for "Netflix is losing around $391 million a year to password sharing, a crackdown might be in"

 4 months ago '05        #2
Tonero 8 heat pts
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$6,344 | Props total: 2292 2292
Netflix is lame i have serious doubts as to why i pay for it
TrillbertArenas and 34 others gave props
 
Eagles All Day and 72 others slapped this ish
 
 4 months ago '15        #3
Madethagreat 7 heat pts
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$2,648 | Props total: 5646 5646
On some real sh*t netflix gonna have to take the L

And be glad n*ggas actually pay them
bosslife11 and 165 others gave props
 
Lick The Tip and 6 others slapped this ish
 
 4 months ago '05        #4
chi town hustla 191 heat pts191
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$17,895 | Props total: 19130 19130
Don't get greedy that sh*t will backfire.
ghettorockstar and 102 others gave props
 
Chosenjuan and 2 others slapped this ish
 
 4 months ago '12        #5
daman729 27 heat pts27
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$12,403 | Props total: 12803 12803
They just need to accept it. Password sharing is normal.They'll probably try to start monitoring IP logs not too long from now. They can try to "crackdown" on password sharing if they want. I guarantee it will hurt them more than help. People just gonna say forget it and go to other streaming alternatives. Never had Netflix and probably never will.
SandmanNyC and 22 others gave props
 
Qbofficial and 4 others slapped this ish
 
 4 months ago '04        #6
Tha754kid 1 heat pts
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This is one L they gonna take cuz I'm still using a password I got from a bx plug last summer lol
driveslowhomie and 82 others gave props
 
Klm505186 and 4 others slapped this ish
 
 4 months ago '06        #7
Jhnnyblz427 172 heat pts172
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keep bringing those marvel shows, will glady still pay

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 4 months ago '14        #8
M Jizzle1986 2 heat pts
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K
[spoiler - click to view]

gang here.
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 4 months ago '12        #9
FrescoB 42 heat pts42
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Netflix is for lazy people
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 4 months ago '12        #10
BrokenSafety 39 heat pts39
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Broke motherfu*kers cant come up with 10$ a month. I have kodi and still pay for netflix
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realgunta and 18 others slapped this ish
 
 4 months ago '17        #11
Quasimoto 4 heat pts
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People still use Netflix?
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 4 months ago '11        #12
STRIVERS LIFE 26 heat pts26
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 BrokenSafety said:
Broke motherfu*kers cant come up with 10$ a month. I have kodi and still pay for netflix
I don't think it's that. I think it's the mentality of "why pay for anything you don't have to".
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 4 months ago '16        #13
MacFrugal 
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 Quasimoto said:
People still use Netflix?
Netflix is worth 70 billion, yes people still use Netflix
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 4 months ago '14        #14
driveslowhomie 159 heat pts159
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People will spend $50-100 a month for fast food or alcohol or weed

But not 10$ a month to stream TV/music

Although, this is pretty unfair because if people go out of town, Netflix will think somebody else is using their account
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 4 months ago '17        #15
Quasimoto 4 heat pts
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 MacFrugal said:
Netflix is worth 70 billion, yes people still use Netflix
gee, I didn't know that
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 4 months ago '05        #16
chi town hustla 191 heat pts191
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 BrokenSafety said:
Broke motherfu*kers cant come up with 10$ a month. I have kodi and still pay for netflix
If I got a 100mill I still will take something for free. sh*t celebrities get everything for free, they ain't trying to pay for sh*t.
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 4 months ago '05        #17
chi town hustla 191 heat pts191
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 driveslowhomie said:
People will spend $50-100 a month for fast food or alcohol or weed

But not 10$ a month to stream TV/music

Although, this is pretty unfair because if people go out of town, Netflix will think somebody else is using their account
If they could get that sh*t for free they wouldn't pay for that either.
KingKPTII and 41 others gave props
 
 4 months ago '14        #18
driveslowhomie 159 heat pts159
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 chi town hustla said:
If they could get that sh*t for free they wouldn't pay for that either.
All that sh*t is toxic for you

Sure, you'd get it for free if you could - but you basically willin to binge on poison
Sin and 1 others gave props
 
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 4 months ago '16        #19
MacFrugal 
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 Quasimoto said:
gee, I didn't know that

[pic - click to view]

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 4 months ago '11        #20
BtMkRs 12 heat pts12
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They tryna count on people that are Never going to pay. Same way id never pay for hulu, or pr0n
ghettorockstar and 11 others gave props
 
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