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    Dhawal Raj
    Netflix has lost 200,000 subscribers in the first quarter of 2022, marking the first time it has lost subscribers in over 10 years. This subscriber loss has alarmed investors and led Netflix's stock to drop over 35%. Password sharing is a major contributing factor to the loss, as Netflix estimates that over 100 million households worldwide access the service without paying via shared passwords. In response, Netflix is considering features to earn revenue from password sharing and may crack down on the practice. Increased competition from other streaming services like Disney+ and Amazon Prime has also contributed to Netflix's slowing subscriber growth.

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    CRM News Cheat Code

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    Netflix has lost 200,000 subscribers in the first quarter of 2022, marking the first time it has lost subscribers in over 10 years. This subscriber loss has alarmed investors and led Netflix's stock to drop over 35%. Password sharing is a major contributing factor to the loss, as Netflix estimates that over 100 million households worldwide access the service without paying via shared passwords. In response, Netflix is considering features to earn revenue from password sharing and may crack down on the practice. Increased competition from other streaming services like Disney+ and Amazon Prime has also contributed to Netflix's slowing subscriber growth.

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    Netflix has lost 200,000 subscribers in the first quarter of 2022, marking the first time it has lost subscribers in over 10 years. This subscriber loss has alarmed investors and led Netflix's stock to drop over 35%. Password sharing is a major contributing factor to the loss, as Netflix estimates that over 100 million households worldwide access the service without paying via shared passwords. In response, Netflix is considering features to earn revenue from password sharing and may crack down on the practice. Increased competition from other streaming services like Disney+ and Amazon Prime has also contributed to Netflix's slowing subscriber growth.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    42 views2 pages

    CRM News Cheat Code

    Uploaded by

    Dhawal Raj
    Netflix has lost 200,000 subscribers in the first quarter of 2022, marking the first time it has lost subscribers in over 10 years. This subscriber loss has alarmed investors and led Netflix's stock to drop over 35%. Password sharing is a major contributing factor to the loss, as Netflix estimates that over 100 million households worldwide access the service without paying via shared passwords. In response, Netflix is considering features to earn revenue from password sharing and may crack down on the practice. Increased competition from other streaming services like Disney+ and Amazon Prime has also contributed to Netflix's slowing subscriber growth.

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    My name is Dhawal Raj. I m giving 5 Min Presentation News which I have taken from NDTV.com.

    Tittle of the news


    is Password sharing crackdown and other reasons why Netflix subscribers are annoyed

    So let me start with my news details, Netflix has lost 200,000 subscribers, which has led to a rethink among the top
    leadership about growth strategy. The very first time fall in Netflix subscribers in ten years has started a debate over
    what went wrong for the streaming platform.

    Netflix shares lost a quarter of their value Tuesday after the company revealed its  ranks of subscribers shrank - the
    first in more than 10 years - in the first quarter of this year. The suspension of services in Russia has resulted in a
    loss of 7,00,000 subscribers.

    According to the streaming giant, while almost 222 million people pay for its service, accounts are shared with over
    100 million households who do not pay for the television streaming service.

    Netflix users listed out their issues with the streaming platform, which included low quality content, shows cancelled
    after a couple of seasons and unwelcome price hikes. Macro factors, including sluggish economic growth, increasing
    inflation, geopolitical events such as Russia’s invasion of Ukraine, and some continued disruption from COVID are
    likely having an impact as well

    In 2016, Hastings stated that Netflix was "doing great" without taking any extraordinary actions. they previously
    stated that businesses will have to adapt to password sharing "since there is so much genuine sharing. To get
    around the issue, the company started testing different approaches to monetise such households, and in March
    introduced two new paid sharing features, where current members have the choice to pay for additional households,
    in three markets in Latin America.
    Let me come to analysis part,

    Password sharing is a result of Netflix's first decision to raise subscription costs. Password sharing will cost them
    more subscribers if they crack down on it.

    Netflix had a significant increase in 2020 when COVID-19 struck, but the rise slowed after ad restrictions were
    removed. With Netflix's growth being slowed by competition from Disney, Amazon Prime, Zee+ Discovery+, and
    other streaming services, the company said it wants the millions of families that share passwords to start paying.
    But, Netflix justified to the decline in subscribers is to more competition and lowered pandemic restrictions, which
    had kept many customers addicted to their screens.

    Last year, the Netflix began experimenting with methods to earn from users sharing accounts, such as offering a
    feature that allows customers to pay a small fee to join other families. It is currently the most expensive streaming
    service in India, with the company’s HD plan starting from Rs 649 a month. By comparison, Disney+ Hotstar and
    Amazon Prime Video are available for Rs 1,499 per year for their top tier plan

    Netflix investors have been alarmed by the loss, which comes after a year of gradually slower growth. Netflix's
    stock dropped by more than 37% in extended session after the company reported poor results. The firm had
    enjoyed uninterrupted quarterly growth in subscribers as well as in share market since October 2021 but on
    Tuesday it admitted it was losing customers to rivals, while struggling to expand due to password sharing.

    Tuesday's news was a harsh reality check for a company that had been riding high two years ago when millions of
    people stuck up at home were starving for entertainment — a need Netflix was pleased to fill. According to my
    openion other OTT platforms provide the same services in very cheap price along with diversified products with the
    same fee, that provides the customers more flexibility in paying that subscription fee also increase the customer
    base for the company.

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