Netflix’s password-sharing crackdown reels in subscribers as it raises prices for its premium plan ...Middle East

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Netflix’s password-sharing crackdown reels in subscribers as it raises prices for its premium plan
source : News channel ( Middle East ) () 16
By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — Netflix on Wednesday disclosed summertime subscriber gains that surpassed industry analysts’ projections, signaling the video streaming service’s crackdown on password sharing is converting former freeloaders into paying customers. In an effort to bring in even more revenue, Netflix also announced it’s raising the price for its most expensive streaming service by $2 to $23 per month in the U.S. — a 10% increase — and its lowest-priced, ad-free streaming plan to $12 — another $2 bump. The $15.50 per month price for Netflix’s most popular streaming option in the U.S. will remain unchanged, as will a $7 monthly plan that includes

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