Netflix is without question the largest video streaming platform on the planet, with over 150 million subscribers worldwide, but unfortunately its size also brings a very serious problem. According to a study that appeared in the past few days, those from Netflix, Amazon, and other video streaming services, lost no less than 9.1 billion dollars due to customers sharing their passwords with friends/relatives, or due to their theft.
Netflix she was recently nominated for no less than 20 Oscars for the films The Irishman and Marriage Story, The Two Popes, American Factory, The Edge of Democracy and I Lost My Body. The Oscar nominations come after the billions of dollars invested by Netflix to create original content for its platform, but although it brings in billions of dollars quarterly, unfortunately there is also a lot of lost money.
Netflix: HUGE PROBLEM Generated by MULTIPLE Subscribers
Netflix it allows customers to share their account passwords with any people, and their platform anyway offers the possibility of logging in from multiple devices, but this also generates losses from those who do not subscribe. Shared access to Netflix, or other video streaming platforms, brings big losses for companies, and these are "seen" in the content that is no longer financed, or is not financed as it should be in order to have good quality.
Netflix young people are the easiest to convince among the subscribers to share their account passwords with other people, while subscribers over 35 years of age are less likely to do so. The problem does not only affect Netflix, but all video streaming services on demand, and by 2024 the losses generated from actions of this kind would reach more than 12 billion dollars, thus increasing by more than 40% compared to the current value.
Netflix said that for now he has no plans to restrict the possibility of subscribers to share their account password with other people, but it is possible that he will do it in the future, and have good methods to enforce the decision.
