A new survey from CordCutting.com indicates that Netflix’s crackdown on password sharing may not provide the positive boost in subscribers and revenue that some on Wall Street have hoped.
“Just 8% of these unauthorized Netflix users plan to pay for their own accounts now that Netflix has cracked down on password sharing,” the CordCutting.com survey found. While that will produce an additional 1.7 million paid users, “23% of paying users say they’d like to cancel their accounts in response to the new policies. That’s as many as 15.2 million people who could cancel their Netflix subscriptions.”
