Netflix Crackdown On Unpaid Usage
2013 has been a stellar year for Netflix. Eins Zwo Sport Download Free. The popular streaming service’s share price has soared 295%, making it the second best performing company on the S&P 500 (behind only Tesla). Its risky foray into original programming has been well received, with shows like House of Cards winning critical praise and prestigious awards. Subscriber growth has chugged along, and the company climbed through the 30 million paid customers mark, (which amusingly, still ). In light of all this,, quietly announced overnight, looks well deserved. Netflix shares are now so expensive that the company also felt comfortable enough to it put in place last year to safeguard it against a takeover.
But there’s still plenty of blue sky built into the company’s lofty valuation (it still trades on a stratospheric multiple of about 200 times next year’s earnings) which means it needs to continue growing rapidly to avoid disappointing investors in the future. We’ve already discussed how there were facing Netflix in the quest for sustained growth. It could either crack down on the using the service, or raise its prices. But it faced an when it tried to raise prices in 2011. The latest news suggests it is therefore going for the first option. Bloomberg reports that the company has quietly been that cost $7 a month, but can also only be used on one device. (The currently currently charges $8 a month to use its service on six devices, two simultaneously, or $12 a month for its family plan, which allows four devices to stream simultaneously.) Netflix aims to add another 6 million paying subscribers in 2014.
There are still about 60 million US households without the service, but the marketplace for online streaming is also getting more competitive, with Amazon, Google and Hulu (backed by Fox, NBC and Disney) all competing. Replacing the $8 subscription with a cheaper one-device only subscription, if that’s Netflix’s plan, would force all the college students and cheapskates who borrow their friends’ Netflix passwords to make a choice: sign up for Netflix or go without. Free Employee Handbook Template For Small Business. It would therefore be a simple way to achieve that audience growth target in one fell swoop—assuming, of course, that enough of them agree to pay.