Watch out, Netflix users – A crackdown on accounting sharing may be coming
Netflix (Nasdaq: NFLX) has won over consumers and Hollywood with its mix of TV reruns, old movies and original shows, all for $7.99-a-month with liberal policies that let family and friends share one account. Chief Executive Officer Reed Hastings may now be able to squeeze more profit from his 33.3 million customers by tightening up those policies or boosting prices. As many as 10 million people are watching the online video service without paying, according to Michael Pachter, a Wedbush Securities analyst in Los Angeles. Netflix’s options include limiting the number of people or computers that could share one...
Read More