#Sister kate netflix password

Kate Linebaugh: So, what does Netflix's password crackdown look like? How does it work? Sharing is caring and it gives everyone more access to more content. Sarah Krause: This is the streaming lifestyle. Sarah Krause: In my defense, I am one of her permitted four profiles, so I'm not breaking the rules, but I am also not pulling out my own credit card. Sarah Krause: I don't have my own Netflix account. Sarah, do you have your own Netflix account? First, it's cracking down on password sharing. To do that, the company is making three big changes. It said it would cut costs and it would look for new ways to boost revenue. Kate Linebaugh: Netflix had to reassess its business from top to bottom. Sarah Krause: The first quarter made clear that this was a company that had to start to change the way it had done things, that there were no sacred cows, that it was time to pivot and change course on things that it had previously vowed not to do. In the first three months of the year, 200,000 subscribers left and Netflix shares plunged. Kate Linebaugh: Netflix was losing subscribers. I can cancel this one for a month and then I'll come back to it if it has something good.: I think consumers are a lot savvier about saying, 'I don't need six.

Sarah Krause: You sort of see this moment where they may have reached the tip of consumer's tolerance for price hikes, at this point, particularly as consumers are feeling a squeeze in the price of other things in their life and as other streaming services also have hits and compelling content. Kate Linebaugh: In January, Netflix raised its prices and its customers.

Some of which are at a much lower cost than Netflix. Netflix competes at the end of the day for time and so if you have other activities, that's the number one problem. You have younger people that are getting entertainment from other platforms, TikTok, YouTube, the like. Sarah Krause: People are busy again and are returning to summer travel and social engagements that are not in their home, which is a change, after two years. It's Wednesday, July 20th.Ĭoming up on the show, the rough year at Netflix and what the company is doing, to get through it.Īs life has begun to return to normal and people get up from their couches and turn off their TVs. Our show about money, business and power. This is where consumers can come and have an uninterrupted experience. Sarah Krause: For a company that had spent years and years saying, we don't have ads here. Kate Linebaugh: So now, Netflix is doing whatever it can to fix its business, even something it said it would never do. It's tried to be simple and just sell subscriptions and the first six months of this year, have made very clear in dollars and cents terms and subscriber numbers, that that is not enough. Netflix can no longer just make great content and have that be enough. It's first ever, back-to-back net loss of subscribers. Sarah Krause: This seemingly unshakeable company has now shown signs of weakness for two quarters in a row. Kate Linebaugh: Our colleagues, Sarah Krause, who covers Netflix, says losing so many subscribers has rattled the company. But you know, really we were set up very well for the next year. Reed Hastings: You know, tough in some ways, losing a million and calling it success. Kate Linebaugh: Netflix Co-CEO Reed Hastings, said the loss of nearly a million subscribers wasn't as bad as expected. Speaker 4: Netflix is under a lot more pressure and competition than it was before. Speaker 3: The streaming giant announced just yesterday, it lost nearly a million subscribers in the last quarter. Speaker 2: Netflix lost 970,000 subscribers in the second quarter of 2022. It has over 220 million subscribers, it's in more than 190 countries, and it's currently riding high on the fourth season of Stranger Things. Kate Linebaugh: In the land of streaming, Netflix is king. This version may not be in its final form and may be updated. This transcript was prepared by a transcription service.

Sister kate netflix