Netflix Experimenting With New Password Share Policy
Argentina’s Netflix subscribers have been opposing the company’s move to add fees for using their account when away from home. The streaming platform had previously announced that it was considering a password crackdown in nations like Argentina, Guatemala, Honduras, and the Dominion Republic. The platform is apparently evaluating the reach of the password policy.
According to reports, Argentina, where people have used hashtags, memes, and articles to express their disapproval of Netflix’s decision online, will have 4.5 million subscribers by the year 2020. Trends such as # ChauNetflix, which contrasts with the Netflix-sponsored # CheNetflix promotion, are gaining traction. According to reports, Netflix is the company’s fourth-largest global market. The top three places are taken by the United States, Canada, and Australia, respectively.
The Argentinean economy is making things worse for users who are protesting. According to reports, Netflix requires Argentine customers to pay in dollars for their subscription, which is on the pricey side given the Peso’s declining value against the dollar. Additionally, there are limits in Argentina on both the dollar amount that can be saved and the dollar amount that can be spent on credit cards.
A Netflix representative confirmed that the company is looking for the best pricing policies while also stating that the company wants to get the pricing right. According to experts, Netflix’s new approach to policy is intended to achieve its long-term objective on price. Due to the greater rate of password sharing in the area, Netflix opted to experiment with its pricing strategy. Professor Guillermo Mastrini says that Netflix is trying out different ways to see which one causes the least harm and plans to use the one that works best in other countries.
Users in Argentina have also expressed dissatisfaction with the caliber of Netflix’s material. A small number of consumers stated that they would prefer not to consume platform material, even if it were financially feasible. Despite the outrage on social media, consumers have shown a reluctance to abandon the platform, said a Netflix source.