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Netflix Sees Huge Growth In Subscribers After Password-Sharing Crackdown - Report
Netflix Sees Huge Growth In Subscribers After Password-Sharing Crackdown - Report-September 2024
Sep 22, 2024 3:47 AM

  Netflix recently started seriously cracking down on password-sharing in the United States by forcing people on a shared account who don't live in the same house to sign up for their own or leave, and, surprising no one, Netflix subscriber numbers are reportedly increasing as a result.

  Research company Antenna put out a study that said after the password-sharing changes went into effect in late May, Netflix had the four single-largest days of US subscription additions since 2019. Netflix is said to have added almost 100,000 new sign-ups on May 26 and May 27.

  NEW on the Antenna Blog: A first look at the impact of Netflix’s pw sharing crackdown. In the first 6 days since they implemented the new policy, Netflix has had the 4 single largest days of US user acquisition in the 4.5 yrs that Antenna has been measuring the streaming service. pic.twitter.com/rDYGxR43Qm

  — Antenna (@AntennaData) June 9, 2023

  Average daily sign-ups after the password-sharing changes jumped by 102% compared to Netflix's previous 60-day average. New sign-ups were reportedly higher than even the spikes that came during COVID lockdowns.

  The number of membership cancellations also increased after the password-sharing changes went into effect, but not enough to offset the overall increase in new membership sign-ups, the report said.

  All of these figures come from a third-party and should be considered to be unofficial and unconfirmed. Netflix will hold its first earnings report since the password-sharing crackdown in July, which is when the company may provide further insight and data about the change.

  As per the new rules, anyone who was previously benefitting from password-sharing will have to sign up for their own account or move on. Account owners who are feeling generous can spend $8/month on top of their existing membership to keep any non-paying people on their account.

  For those who do decide to get their own account, Netflix offers a profile-transfer feature that carries over personalized content like lists and recommendations.

  A reported 100 million Netflix accounts globally share passwords, so Netflix cracking down on makes sense and is a move to help the company make more money. Netflix co-CEO Greg Peters said during an earnings briefing that some people using a shared account are watching as much as the main account owner, and have a "very strong likelihood" of converting to a paid account. Now it looks like that is exactly what's happening.

  Netflix's password-sharing crackdown has been a long time coming, and these changes were already made in various other countries and regions around the world before the US.

  Netflix memberships in the US start at $7/month for a plan with ads, $10/month for the Basic plan with no ads, $15.50/month for the Standard plan, and $20/month for the Premium plan.

  In other Netflix news, the company is finally closing its DVD-by-mail service at the end of September 2023.

  Every Original Movie Coming To Netflix In 2023

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