Netflix seems ready to further regulate password sharing

[Shishirgano9]

2 million incremental subscribers projected by the company. Without delay, the company lost $54.4 billion in market capitalization overnight – 65% of its share value – the largest single-day drop in its history. The factors for this decline are said to be numerous: password sharing between users, the end of lockdowns, but above all “great competition” mentioned by Reed Hasting, Netflix CEO. The streaming industry should therefore reach maturity in its key markets: while new services like Paramount+ or Peacock are still in the growth phase, more established players like Netflix, Disney+ and Amazon seem to be stabilizing.


To continue investing in quality content and bring more czech republic mobile mobile database variety , , but also to integrate advertising into its business model “within one to two years”. CNN+, gone as quickly as it arrived – Launched at the end of last March, the CNN+ platform will close on April 30. This turnaround comes at the time of the merger of WarnerMedia – holding company of CNN and HBO Max – with Discovery. Announced as the largest project since the launch of CNN in 1980 , hundreds of millions of dollars had been invested in the development of the platform, the recruitment of key personalities as well as the promotional campaign.


More than 700 positions had also been opened on the occasion. For Chris Licht, the CEO of the network , in a complex streaming market, “consumers want simplicity and an all-inclusive service that offers a better experience and more value than standalone offerings.” In the climate of the merger between Warner and Discovery, the strategy would be more oriented towards the creation of a massive streaming service that includes all the services . This is how CNN+ joins the ranks of products launched with great fanfare, which have only very little seen the light of day due to unenthusiastic consumer reaction or a change in the company’s strategy.