"Netflix's Evolving Dominance: From Password Crackdown to Cable Bundle Offers"

1 min read
Source: The Verge
"Netflix's Evolving Dominance: From Password Crackdown to Cable Bundle Offers"
Photo: The Verge
TL;DR Summary

Netflix, once synonymous with streaming, has undergone significant changes in response to a dwindling subscriber base, including the launch of a cheaper, ad-supported tier that has garnered 5 million subscribers in six months. The company has also cracked down on password sharing and implemented multiple price hikes, while making significant investments in advertising and content, such as a $5 billion deal for WWE Monday Night Raw. These changes reflect a shift in Netflix's strategy to prioritize profitability and stay ahead in an increasingly competitive streaming industry.

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