Netflix added nearly 6 million new subscribers amid password sharing crackdown
to shareholders, the company said that its push to stop password sharing hasn’t resulted in mass cancellations and has instead encouraged more people to sign up for their own account. “The cancel reaction was low and while we’re still in the early stages of monetization, we’re seeing healthy conversion of borrower households into full paying Netflix memberships as well as the uptake of our extra member feature,” the company wrote.
In addition to restricting account sharing, the company has started offering “paid sharing,” which allows subscribers to pay
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