Netflix (NFLX) and the Streaming Wars Message Board

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Technology Stocks : Netflix (NFLX) and the Streaming Wars

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From: Sr K	4/18/2023 11:18:34 PM
	1 Recommendation Recommended By Glenn Petersen of 2280

Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business Streaming service says U.S. password-sharing crackdown is coming soon By Sarah Krouse Updated April 18, 2023 7:36 pm ET Share Resize Listen (2 min) Netflix plans to ship its last DVDs in September. Photo: Michael Liedtke/Associated Press Netflix Inc. said it would roll out new password-sharing limitations more broadly—including in the U.S.—by the end of June, and announced it would soon wind down the DVD-by-mail business that the company was built upon. Netflix added 1.75 million subscribers in the first quarter and ended the period with 232.5 million customers, a far slower pace of growth than it was accustomed to before and during the pandemic. After losing subscribers for the first time in a decade a year ago, the company took a series of steps to expand its customer base, including launching an ad-supported tier of service and starting to limit password sharing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. Exc.

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