As the competition among streaming platforms increases, Netflix seems to be experiencing major subscriber losses. To deal with this, the company reportedly decided to introduce ads.
After losing 200,000 in the first three months of 2022, Netflix shares are taking a blow. However, the company didn’t want to issue comments or official statements regarding their stocks going down by 1% after several news articles covered this.
Netflix will slowly introduce ads over the following two years with a new, lower-priced subscription that will feature ads. The good news for all Netflix lovers is that it’ll still be possible to get a no-ads experience if you’re ready to pay for it.
Another announced change designed to bring more money into the company is charging for password sharing outside of the household. The company confirmed this has been something they’ve been working on for some time now.
Problems a streaming giant such as Netflix is facing are influencing the entire industry. Investors are beginning to question the future of the streaming business and are more cautious when choosing companies to invest in.