Netflix’s decision to crack down on password-sharing has exceeded expectations and has led to a significant increase in the company’s financial performance in the first quarter of the year. Impressive economic growth Contrary to concerns that the crackdown could lead to lost revenue and profits, Netflix reported a remarkable 54 percent increase in operating profit. This increase is due to the addition of 9.3 million new subscribers worldwide, bringing the total number of subscribers to 269 million, a 16 percent increase over the previous year. Exceed expectations The company’s earnings…

If you’re a Netflix subscriber and pay for it with Apple’s in-app purchase option, you’ll need to start paying for it with an alternative payment method, Netflix says, notifying subscribers. This significant development comes after the company moved in a similar direction in 2018, which saw it prevent users from signing up for the service via iPhone and iPad. During that time, the streaming giant allowed Netflix users to pay for the service through Apple’s payment system, but now that Apple isn’t giving up on its cut, the streaming giant…

In today’s digital age, streaming services have changed the way entertainment is consumed by offering versatile viewing experiences to consumers. Among these platforms, Netflix stands out with its extensive collection of movies and TV shows, giving users the flexibility to enjoy content anytime, anywhere, even without an Internet connection. A particularly convenient feature offered by Netflix is the ability to download desired movies or TV shows for offline viewing, which matches users’ mobile lifestyle. Make sure your device supports Netflix downloads before proceeding with the download process. To download TV…

Netflix is ending its cheapest ad-free subscription plan, which currently costs $11.99 per month. This will initially start in Canada and the UK in the second quarter of this year. As such, the most affordable ad-free option for Netflix viewers is the $15.99 plan, which represents a significant price increase, as reported by The Verge. Now, Netflix users looking for a more cost-effective solution can subscribe to an ad-supported plan starting at $6.99 per month. “In Q4’23, as in the previous quarter, our ad-supported membership grew nearly 70% quarter-over-quarter due…

Netflix’s ad-supported platform has reached more than 23 million global monthly active users, Variety magazine reported Wednesday, citing the streaming giant’s head of advertising, Amy Reinhard. The ad tier plan launched in November 2022 in 12 markets, including the US, to attract more customers and add a new revenue stream as competition for online viewers intensifies. A year after its launch, Netflix said the ad-level plan had reached 15 million monthly active users. The streaming giant has raised the prices of its ad-free options in an effort to attract more…

Netflix co-CEO Ted Sarandos recently expressed satisfaction with the company’s progress in curbing password sharing in the United States. Speaking at a conference at UBS Global Media and Communications, Sarandos stated that the company is “absolutely satisfied” with the speed of the measures aimed at sharing passwords. “We’re absolutely happy with the pace of it. It’s been very good to take it slow and deliberate, and we’re taking it very deliberately,” Sarandos said. Netflix began cracking down on password sharing in the US earlier this year. Password sharing restrictions then…

According to a blog post by Netflix Inc., their ad-supported plan has garnered 15 million customers worldwide within a year of its introduction. The streaming service also announced new features for the plan, which costs $7 a month in the US, less than half the price of the standard plan. Subscribers can download movies and TV shows and watch two streams at the same time – in higher quality. Netflix also said it will let people who binge watch three episodes in a row of the show with a fourth…

LOS ANGELES: Netflix raised subscription prices for some streaming plans on Wednesday in the United States, Britain and France as it beat expectations for new customers and boosted its share by 13 percent. According to LSEG, Netflix added nearly 9 million subscribers worldwide in the third quarter, beating Wall Street analysts’ forecast of 6 million. Netflix said it expects the same number of additions in the current quarter. The strong performance showed that Netflix was thriving despite labor tensions in Hollywood that shut down much of its US production. Netflix…