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Netflix adds 6 mn subscribers after password crackdown

Netflix on Wednesday said subscriptions to the media streaming service climbed by nearly 6 million in the wake of its crackdown on password sharing. The streaming giant finished the recently ended quarter with a total of 238 million subscribers and a profit of $1.5 billion, according to an earnings release. The pickup in subscribers came as a potentially crippling writers and actors strike hits the US entertainment industry, but with analysts saying Netflix is better positioned than its rivals to weather the storm. "We…

Netflix Update: Ad-supported plan likely to block offline viewing- Report

Image Source : PIXABAY Netflix Netflix is reportedly coming up with a new ad-supported tier which is unlikely to make the platform's offline viewing feature available to members on this low-end tier of the service. According to TechCrunch, this discovery surfaced when the developer-Steve Moser found code within the Netflix iPhone app that suggested the streamer will block users from downloading titles to their devices for offline viewing. Text…

Netflix Screening Upcoming Titles With Select Groups of Subscribers: Report

Netflix has been screening upcoming original titles with select groups of subscribers in the US, ahead of the titles' official release on the streaming platform, since November 2021, as per a report. Those part of these groups reportedly watch "several upcoming movies and series over the course of about six months" and provide feedback through a survey, detailing what worked for them and what didn't. The company is said to use these inputs to make edits to the title in question prior to its launch.According to a Variety…

Netflix Hit by Shareholder Lawsuit Over Missed Subscriber Growth Estimates, Drop in Share Price

Netflix has been hit with a shareholder lawsuit in a US court in California accusing the streaming entertainment company of misleading the market about its ability to keep adding subscribers in recent months.The lawsuit filed in San Francisco federal court on Tuesday seeks damages for declines in Netflix's share price this year after the company missed its subscriber growth estimates.Filed by a Texas-based investment trust, the lawsuit accused Los Gatos, California-based Netflix and its top executives of failing to…