Netflix adds nearly 6 million paid subscribers amid password sharing crackdown | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

Netflix’s crackdown on password sharing appears to be paying off

The streaming giant on Wednesday said it added nearly six million paid subscribers during the three months ending in June, bringing its total to more than 238 million globally.

The company said it has now launched paid sharing — it’s effort to get users to stop sharing accounts for free — in more than 100 countries, after beginning its broad roll-out earlier this year. Netflix said revenue in those regions is now higher than before the service launched, and that “sign-ups are already exceeding cancellations.” This is a developing story. More to come…

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why celebrities are striking: The average pay for actors may surprise you | CNN BusinessOn Friday, SAG-AFTRA officially went on strike after failing to reach a deal with Hollywood’s biggest studios. Actors on strike are calling for increased pay and a rethinking of how residuals are paid out when shows are aired on streaming services.
Source: cnni - 🏆 326. / 59 Read more »

Ford's electric F-150 Lightning just got much cheaper | CNN BusinessFord announced on Monday that it is slashing prices significantly for its electric F-150 Lightning pickup truck.
Source: cnni - 🏆 326. / 59 Read more »

AT&T shares hit 30 year low after toxic lead cable report | CNN BusinessAT&T stock fell to its lowest level since 1993 on Tuesday, extending its losses following a report earlier this month that some of the country’s largest network providers left thousands of lead-covered cables in several locations across the United States.
Source: CNN - 🏆 4. / 95 Read more »

Amazon and Apple fined $218 million by Spain antitrust watchdog | CNN BusinessSpain’s antitrust regulator has imposed fines worth a total of €194.1 million ($218 million) on Amazon and Apple for colluding to restrict competition on the Amazon website in Spain.
Source: CNN - 🏆 4. / 95 Read more »