Netflix Co-CEOs on Password Sharing Crackdown, ‘Love Is Blind’ Mishap…

Netflix Co-CEOs on Password Sharing Crackdown, ‘Love Is Blind’ Mishap…

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Netflix Inc. NFLX Users concerned about crackdown on password sharing, and angry about the recent debacle of the live reunion “Love is Blind” we have some answers for you – straight from the horse’s mouth.

What happened: While reporting on his First quarter financial results After the market close on Tuesday, Netflix co-CEOs shared some highlights from the quarter — and it began with a much-anticipated crackdown on password sharing.

What’s up with the password sharing crackdown?

So, good news first. Netflix users in the US will be able to share their passwords for a few more months as the streaming giant has delayed its crackdown on password sharing until sometime before July.

See also: Trading strategies for Netflix shares before and after Q1 results

Netflix Co-CEO Gregory Peters said the streaming giant will “roll out this new improved version broadly,” including in the US in the second quarter of the year.

Netflix had previously announced that it would take stricter action Password release by the end of the first quarter 2023. In February, the The company has implemented a new anti-password sharing Politics in countries like Canada, New Zealand, Portugal and Spain.

Netflix has now revealed that the paid-sharing strategy has been successful in these four countries.

During the latest earnings call, Peters said that delaying the launch of paid sharing would allow the company to ensure users can continue to access its services when traveling outside of their main household.

What happened to the live reunion episode?

Peters also spoke about the outage Netflix users faced on Sunday when the reunion episode “Love is Blind” was due to be broadcast live.

He said: “Just to be clear from a technical point of view, we have the infrastructure, we just had a bug that we introduced when we implemented some changes to try and improve the live streaming performance after the last live Transmission, Chris Rock in March.”

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