The graph of Netflix’s health this year is too interesting. It went down to the ground in the beginning then bounced up dramatically and when it is enjoying blockbusters like Wednesday, Troll, and more it has again gone down.
Although not in India, Netflix introduced a cheaper ad-supported plan in many territories of the world.
The plan accounted for 9% of new Netflix sign-ups in the U.S.A. region during the month.
Around 57% of subscribers to the ad-supported plan in the first month were people re-joining the service or signing up for the first time, while 43% downgraded from pricier plans. The data is quoted from Antenna a reputed firm in these kinds of data.
To sum up, the ad-supported plan is the least popular plan on Netflix and it has clearly failed to create a tempting first impression.
But this is not all. Because an Ad-supported plan may bounce after a few months. It is indeed an attractive plan and may benefit Netflix in the upcoming few months.
The problem is with the action they are going to take on password sharing. It is nothing but a whimsical step that should never have been taken in the first place.
According to a long report by the Wall Street Journal, the streaming giant will finally shut down the feature of password sharing in 2023. But it will be gradual and not sudden.
This way they will slowly try to adapt the audience into this password sharing but it will barely help them. As many people have shared that NOT watching Netflix won’t have a dramatic impact on their life.
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