- Netflix has expanded its new policy to prevent users from sharing their passwords.
- The good news is that Netflix is lowering subscription prices in a number of countries.
- In order to increase subscriptions, the company is lowering the cost of Netflix plans.
Netflix has expanded the new policy that we previously informed you about in order to prevent users from sharing their passwords with others. This action was taken in an attempt to increase business revenue. However, the news enraged many users. The good news is that Netflix is lowering subscription prices in a number of countries around the world in an effort to increase the number of subscriptions.
As per the most recent reports, the world’s largest streaming service, Netflix, has declared that it will lower subscription costs in more than 30 nations. The following nations are on the list:
- Yemen
- Jordan
- Libya
- Iran
- Kenya
- Croatia
- Slovenia
- Bulgaria
- Nicaragua
- Ecuador
- Malaysia
- Indonesia
- Thailand
- the Philippines
In some countries, Netflix memberships are now 50% less expensive. Even though he didn’t say specifically where, a company spokesperson confirmed that the world’s largest streaming service is updating the costs of its plans in some areas. It’s important to note that prices in major Netflix markets like the US, UK, Canada, France, Spain, Germany, Mexico, and Brazil won’t change.
Netflix raised the cost of its global subscription plans back in 2022. Otherwise, we haven’t heard any such good news other than a few times when the company announced it was lowering its prices. Although there were no official statements, this action was undoubtedly made to win over new subscribers in the streaming war.
According to Netflix, users who divulge their passwords to family and friends are to blame for losing over 200,000 subscribers in the first quarter of 2022. Over 100 million people use Netflix, according to the streaming service, without subscribing. Because of this, Netflix has started to forbid users from sharing their passwords with people who don’t reside in the same household. Permit me to inform you that this system was initially implemented in a few Latin American nations before being extended to Canada, New Zealand, Portugal, and Spain.
The real issue is that Netflix is much more expensive than its rivals. The monthly cost of a Netflix Premium subscription is $19.99. On the other hand, Disney+ is $7.99 per month while Apple TV+ is only $6.99. In order to increase subscriptions, the company is now lowering the cost of Netflix plans.
[embedpost slug=”/outer-banks-season-3-who-is-alexander-jennings-and-what-does-he-have-to-do-with-the-netflix-show/”]
