An unexpectedly sharp drop in subscribers has Netflix considering changes to its service that it has long resisted.
The Los Gatos, California, company estimated that about 100 million households worldwide are watching its service for free by using the account of a friend or another family member, including 30 million in the U.S. and Canada. “”Those are over 100 million households already are choosing to view Netflix,” Hastings said. “We’ve just got to get paid at some degree for them.
Netflix offered no additional information about how a cheaper ad-supported service tier would work or how much it would cost. Another rival, Hulu, has long offered an ad-supported tier. Netflix was previously stung by a customer backlash in 2011 when it unveiled plans to begin charging for its then-nascent streaming service, which has previously been bundled for free with its traditional DVD-by-mail service before its international expansion. In the months after that change, Netflix lost 800,000 subscribers, prompting an apology from Hastings for botching the execution of the spin-off.
But Netflix CEO Reed Hastings now believes those outsized gains may have blinded management. “COVID created a lot of noise on how to read the situation,” he said in a video conference Tuesday.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
From living in motels to facing racism, Camden girls share stories in new bookTen Camden young women wrote personal essays and poems about police brutality, homelessness and racism for a newly released book, “Speak Young Brown People, Speak. We are listening!'
Leer más »
As the war moves east, Russia and Ukraine still facing off in KhersonIn strategically key southern region, militaries are dug in and civilians are caught in the middle.
Leer más »
Facing a rise in cases, NYC considers bringing back local mask mandatesNew York City's alert level is at 'low,' but last week Health Commissioner Dr. Ashwin Vasan warned it would likely rise this week to 'medium.'
Leer más »
Northeast Ohio nonprofits facing volunteer shortageNational Volunteer Week is April 17 through April 23, and there's a critical need for volunteers right now.
Leer más »
‘We're Truly Facing A Crisis': SD Humane Society on Lack of StaffingSan Diego Humane Society President Dr. Gary Weitzman opens up about how a lack of staffing has led to the animal shelters struggling to keep up with demand.
Leer más »