Popular digital media platform Netflix had to take a new decision in the current market conditions. The giant platform, which has a budget problem, has taken a new decision to control its expenditures. Here are the details
Netflix took measures so as not to victimize its employees
It was foreseen that many measures could be taken regarding the problems experienced by Netflix. One of these predictions, the layoffs, was described as almost ‘definite’. However, Netflix acted in this line, aiming to constrain its budget and create new revenue models instead of laying off its employees for economic relief.
According to the new decision, Netflix will reduce its spending for this year. 300 million dollars aims to save money. The company, which goes to a budget constraint below the forecast, can overcome the problems it experiences without the need to take additional measures, both with this step and with new revenue models.
Netflix’s password sharing barrier has lost subscribers! Will the barrier be removed?
Netflix has started to block password sharing in some European countries. Many users reacted to this decision.
The most up-to-date model, which is aimed to provide additional income to the company, is the password sharing restriction between subscribers. Subscribers living in countries where this model is applied have to pay an additional fee to share account passwords among themselves. Although the model in question was met with a reaction at first, the reaction waned over time and the company’s expectations for additional income began to be met. Although the model is currently being implemented in some European countries, it will soon be more active in many countries, especially in America.
So, what do you think about the current status of Netflix? Do you think the decisions taken will be enough? You can share your views with us in the comments section.