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Netflix Password Sharing Crackdown Works, U.S. Subscriber Numbers Soar
- latency-guy2 3y agoBravo Netflix. This is actually mind boggling to me. I look forward to quarterly results.
- drumhead 3y agoShare price is up over 100% on the year.
- applied_heat 3y agoI didn’t think it was going to work and didn’t buy any shares. Dang
- vintagetroisi 3y agoYeah that's the sorta crazy thing. I'm on Reddit a bit too much for my taste, but literally everyone thought they'd be bankrupt/dead within a year. Watching that spectacle today, I had this weird gross feeling like I was at a party, but looked around and it was actually just a seedy drug house and I was hanging out with a weird crowd. I think my 30's officially ended today.
- drumhead 3y agoTheir cashflow is immense, they would have survived. Saying that I never bought it either. I bought shares in the other FAANGS after the crash, but not this one. I just thought too much competition and the covid bubble had burst. But clearly its the top streaming service and if anyone is going to survive the coming shakeout its going to be them because of their technology, experience and established user base. You were not alone in your decision.
- arlcode 3y agoLooks like the initial results confirm Netflix's view on the market. Just reaffirms that public outcries should always be paired with reliable data. They knew what they were doing, tested it out in several markets and prepared cheaper offers before. I say well done Netflix even though I'm going to be sad to leave since for me as someone living alone it doesn't make sense anymore given my backlog of steam games and personal projects.
- 2OEH8eoCRo0 3y agoWhat about daily cancellations or total subscribers? Is this just an initial bump before a return to normal?
- thevagrant 3y agoStat I read earlier is sign-ups factoring cancelations is around 24% increase in account sign-ups
- singron 3y agoNetflix has 74.4 million subscribers in the US and Canada. In q1, they added net 100k subscribers or about 1100/day. With some algebra, we can deduce that cancellations increased 60% in this time period. However, we can't calculate the net subscription rate in this period without knowing the sign up or cancellation rates. If we guess that there were twice as many new subscriptions as cancellations (i.e. 1100 cancellations/day, 2200 sign ups/day), the we can estimate the new rates were 4400 sign ups/day and 1760 cancellations/day or 2640 net subscriptions/day, which would be a 140% increase in net subscribers/day. If we guess 20% more sign ups than cancelations (6600 sign ups, 5500 cancellations), then we can estimate the new rates were 13200 sign ups/day and 8800 cancels/day, or 4400 net subscriptions/day (300% increase). There is no way this is sustained though. Even in the extreme case that every subscription was shared and causes 1 additional sub, that can at most double subscriptions, and that's not at all likely. If this follows patterns of other similar events like game launches, there will be an exponential decay of some kind back to a mean rate. I expect a bump at first, but I think this will encourage churning your Netflix so you only subscribe a few months of the year instead of sharing with a group the whole year.
- fastily 3y agoThis seems (to me at least) like it would be an unpopular move. However, I wonder if this is one of those situations where HN is an opinionated echo chamber, and where the average person would be totally okay with this
- jdm2212 3y agoIt's only unpopular with the people who aren't paying, and Netflix dgaf about them.
- grepfru_it 3y agoI made a raspberry pi vpn device that my family can use to watch Netflix in other markets. Idgaf about Netflix password rules
- beezlewax 3y agoDid that not cost more in time and labour than just paying them?
- shubhamkrm 3y agoEven if you pay them, you don’t get the same content in all markets.
- completelylegit 3y agoIt’s one thing to use an adblocker to bypass ads, it’s completely another to just outright “steal” using a VPN scam. Before netflix, you could watch dumb videos on youtube, that’s about it. They deserve to be paid for the market they built.
- genocidicbunny 3y agoI'm iffy on calling it theft. Presumably, even with a VPN, they would still have to abide by the simultaneous view limitations. Provided they're accessing the content for the same market they pay for Netflix in. At that point, what is the difference between streaming the video to devices far apart, or sitting in the same room?
- vintagetroisi 3y agoI think it was a pretty small and colocated group of a similar demographic saying "as soon as they do that, I'm quitting". I'm sure most people just saw they were locked out, realized things changed, and signed up. If I was a Netflix subscriber, I'd be much more concerned about dearth of content than being able to share my password or watch in a hotel. What is there to watch when you're in a hotel? Nothing. Garbage.
- cush 3y agoYou can still watch in hotels
- vintagetroisi 3y agoOh sorry - I realized I worded that poorly - yes, you can watch in hotels, but it's Netflix, thus... garbage I just remote into my Plex when I'm at a hotel. I had Netflix from when DVDs were novel new tech, until last year when my mobile provider stopped paying my subscription. I was like "Pay my own money for Netflix?"
- xbmcuser 3y agoNetflix had the numbers of how much an account was shared then they tried blocking password sharing in smaller markets they felt it would help them get more subscribers so they did. This was not something out of the blue they have been testing this for a while. They even introduced a cheaper with ads tier to get subscriber that were not willing to pay $10 and above a month.
- AHOHA 3y agoNever used Netflix, Torrents existed long before and better quality anyway.
- wnc3141 3y agoI used to sail as a teen, but now the increased effort of pick something out> find + download the torrent> stop the seeding> cast to screen is too much for me to bother anymore.
- misio 3y agoYou should look into the arr ecosystem, radarr sonarr etc, paired with something like jellyfish it makes things almost too convenient.
- 4silvertooth 3y agostremio is your friend.
- adave 3y agonone of those are comparable quality in terms of streaming.
- onetokeoverthe 3y ago[dead]
- doubleotwinner 3y agoDo you sometimes think how the world would work if everyone acted like you? I just don’t think there would be much video worth being watched if everyone stole videos.
- dunefox 3y agoThis isn't stealing, this is the free market at work.
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- wly_cdgr 3y agoGood for them. I'm glad it worked out.
- Thin_icE 3y agoIs it known how many of those new subscriptions were made only to take advantage of the free trial? For the record, l will be cancelling my account as soon as I'm not allowed to share my password. I pay for it, I can share it with whoever I want. It's on Netflix to make people want to sign up, not force them.