Netflix keeps adding tons of subscribers from its password-sharing crackdown — and it's good news for Disney
18-04-2024 23:15 via businessinsider.com

Netflix keeps adding tons of subscribers from its password-sharing crackdown — and it's good news for Disney

Netflix co-CEO Ted Sarandos.Axelle/Bauer-Griffin/FilmMagicNetflix just blew past Wall Street's expectations for subscriber growth.A big contributor to that was its limit on password sharing and its cheaper, ad-supported tier.That bodes well for Disney and Warner Bros. Discovery, which plan to follow suit this year.Netflix said it grew subscribers by 9.33 million worldwide in Q1 — double what Wall Street had expected.Boosting its performance was the company's crackdown on password sharing,
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