Netflix actually ended up with an increase in subscribers from their crackdown. Maybe Spotify did learn from Netflix.
Netflix tweeted in March of 2017 that “Love is sharing a password” before launching its own enforcement policies in May of 2023. Later that year, Netflix raised prices up to 17 percent, and by April of 2024, the company saw the policy pay off with 9.3 million added subscriptions and a 54 percent bump in operating income.
Their stock is down 40% YoY and they are cutting thousands of staff including their director of content. Looks like it bought them 24 months of bluster and then their watchtimes plumetted.
Netflix actually ended up with an increase in subscribers from their crackdown. Maybe Spotify did learn from Netflix.
Their stock is down 40% YoY and they are cutting thousands of staff including their director of content. Looks like it bought them 24 months of bluster and then their watchtimes plumetted.
capitalism machine prioritizing short term over everything else, working as intended.
Wow I missed that part, thank you.