Netflix (NFLX) investors saw the stock gaining +3.14% the last 5 days, which means it sits at +22.32% YTD.
Let's go through the news around Netflix this week together.
LEGEND: Positive News | Neutral News | Negative News
Free password sharing on Netflix is coming to an end this Q1 (March).
The announcement to stop password sharing was made late last year, however the implementation is just around the corner (Netflix moves quick!).
There are currently over 100 MILLION households sharing Netflix passwords, and it seems like users will still be allowed to share passwords, but it will come at a cost. It likely won't cost as much as a standalone subscription, but it won't be free either!
There could be some pushback from customers (short term) on this, but this is a bold move for Netflix long term. It has the potential to generate significant amount of income for the company, and push them further into profitability (great for investors!).
The Oscars are around the corner, and Netflix has 12 titles in the running.
The full list of titles up for the award can be found here.
While this doesn't change anything fundamentally for Netflix, it does add more credibility and eyeballs to their content resulting in potentially even more subscribers.
We look forward to spending a few minutes with you next Sunday for some new Netflix news!
Disclosure: I am a Netflix (NFLX) shareholder at the time of publishing.
