Netflixseems poised to implement some of the biggest changes to its business model in years.
In the companysQ1 2022earnings call, CEO Reed Hastings dropped two bombshells.
Still, even ignoring that chunk of accounts, Netflix fell well behind expectations.
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Netflix says that its anti-password sharing system will take a year or so to deploy globally.
The crackdown on password sharing doesnt come as a huge surprise.
The company has actually beentestingdeterrents to password sharing for a few months now.
Although the company placed a lot of the blame on password sharing, thats not exactly a recent development.
Indeed, Netflix says the proportion of non-paying viewers hasnt changed much over the years.
It probably doesnt help that the companykeeps on raising prices.
Competitors which are often cheaper have good shows too.
Hastings has repeatedlydeniedspeculation of Netflix moving to an ad-supported model in years past.
Offering those who only want to watch Netflix occasionally a more affordable option strikes me as a good thing.
But Iampicky about image quality, so I still want to watch my favorite shows in glorious 4K.
