The Q1 of Netflix is not something they wanted it to be. The slow subscriber growth was limited to around 1.75 Million only against the forecast of 2.32 Million subscribers.
Anyways, Netflix has taken some big steps this time. In India, you may identify Netflix as solely a streaming platform that makes original content too. But it is not the same in the USA. In its parent country, Netflix is better known for its inception. They started as a DVD mailing service and ate up the vast chain of Blockbuster which was in the same trade.
As they shut down this service, they also finally introduce the password crackdown action in the USA. They are finally gonna charge users who share passwords and do not comply with the rules that Netflix set last year.
However, they are gonna tackle it more severe as they are also planning to block users who share passwords with their friends.
Netflix has cleared its head about its target. They want an increase in revenue, things such as subscriber growth and the brand image don’t even matter anymore.
Also, those who want to share passwords anyways will have to pay a few extra dollars in order to do so. All these steps are coming to meet the roadmap for 2024.
Netflix has promised to invest a massive $17 Billion in 2024 and these steps are expected to bring more revenues. Let’s hope that the falling subscriber growth doesn’t put a hurdle to their dream.