Netflix new password sharing terms and conditions made a lot of news when announced last week. But it turns out to be a smart move after all.

Wall Street Analysis Estimates a Massive 4% Soar in Netflix’s 2023 Revenue if Password Sharing Charges Are Applied Globally

Wall Street Analysis Estimates a Massive 4% Soar in Netflix’s 2023 Revenue if Password Sharing Charges Are Applied Globally - Netflix Junkie

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Baheen Qadri is an entertainment writer at Netflix Junkie. Currently, he is pursuing BA in Mass comm Hons from SCMC Pune. He loves binge-watching films and TV series on Netflix. He is passionate about making films and watches movies from different corners of the world to better understand the field of cinema in his free time. He also loves animes and is currently hooked on the new Demon Slayer season. One of his favorite thrillers on Netflix is Shutter Island. The film always gives him goosebumps. Apart from thrillers, he also loves sitcoms like The Fresh Prince of Bel-Air and The Office. Being a huge movie buff, he is a tough competition on movie trivia nights.

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Wall Street Analysis Estimates a Massive 4% Soar in Netflix’s 2023 Revenue if Password Sharing Charges Are Applied Globally - netflix-junkie

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Netflix is a highly popular and extremely successful streaming website. It has the highest number of viewers than any other Over The Top streaming platform in the market. However, the revenue it was generating was not in compliance with the number of views it was getting. So last month, Netflix announced new password-sharing terms and conditions. Which stats are showing will skyrocket the streaming giant&#8217;s revenue in the coming year.
<h2>New Netflix password sharing terms will benefit the company</h2>
Netflix wants customers who share passwords with persons outside their households. As it goes against the company&#8217;s terms of service, to pay a charge to keep viewing.
<img loading="lazy" class="aligncenter size-full wp-image-28307 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" data-src="https://netflixjunkie.com/wp-content/uploads/2022/04/AP22014787746153-1000x741-1.jpg" alt="" width="1000" height="741" data-sizes="auto" data-srcset="https://www.staging.netflixjunkie.com/wp-content/uploads/2022/04/AP22014787746153-1000x741-1.jpg 1000w, https://www.staging.netflixjunkie.com/wp-content/uploads/2022/04/AP22014787746153-1000x741-1-300x222.jpg 300w, https://www.staging.netflixjunkie.com/wp-content/uploads/2022/04/AP22014787746153-1000x741-1-768x569.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" />
According to a recent<a href="https://variety.com/2022/digital/news/netflix-charge-fee-password-sharing-revenue-1235212426/" target="_blank" rel="noopener"> Wall Street</a> report &#8211; If the idea is effectively implemented internationally, it could add $1.6 billion to Netflix&#8217;s bottom line.
Netflix said last month that it will conduct a<a href="https://netflixjunkie.com/netflix-news-netflix-says-no-to-freeloading-with-its-new-password-sharing-terms-and-conditions/"> password-sharing test in three Latin American countries (Chile, Costa Rica, and Peru).</a>
Customers will be able to add up to two Extra Member accounts to their normal monthly charge for around $2-$3/month each. According to Cowen &amp; Co. analysts, if Netflix rolls out the initiative internationally, it could generate an additional $1.6 billion in yearly revenue or a 4% increase over the company&#8217;s projected revenue of $38.8 billion in 2023.
According to the firm&#8217;s prediction, almost half of non-paying Netflix password-sharing families will become paying users. Out of which nearly half of those opting to join up for their own personal premium account.
ALSO READ: <a href="https://netflixjunkie.com/netflix-news-netflix-is-doing-all-they-can-to-stop-password-sharing-but-is-their-approach-working-against-them/">Netflix Is Doing All They Can to Stop Password Sharing, but Is Their Approach Working Against Them?</a>
Cowen&#8217;s monthly internal poll of 2,500 Americans. Around 10% of the country&#8217;s 116 million internet households have someone who watches Netflix but isn&#8217;t a paying subscriber.
This new initiative will surely be a huge success for Netflix as it will allow them to fetch new subscribers. Netflix has adopted this new policy in a way to increase their subscribers, which has seen an overall decline, especially in the US. In fact, previously, Netflix used to encourage password sharing actively. And ever since the new term and condition for password sharing has been announced, a tweet by Netflix&#8217;s official Twitter handle has been trending.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
Love is sharing a password.
&mdash; Netflix (@netflix) <a href="https://twitter.com/netflix/status/840276073040371712?ref_src=twsrc%5Etfw">March 10, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
What are your thoughts on Netflix trying to gain subscribers by making users pay additional fees?

Netflix Is Doing All They Can to Stop Password Sharing, but Is Their Approach
Working Against Them?

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Wall Street Analysis Estimates a Massive 4% Soar in Netflix’s 2023 Revenue if Password Sharing Charges Are Applied Globally

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