Annette Hyder

Main Menu

  • Home
  • Freelance Editor
  • American Author
  • Freelance Writer
  • American Artist
  • Loans

Annette Hyder

Header Banner

Annette Hyder

  • Home
  • Freelance Editor
  • American Author
  • Freelance Writer
  • American Artist
  • Loans
Freelance Writer
Home›Freelance Writer›Baby Boomers Could Be The Answer To Netflix Subscription Problems – Here’s Why

Baby Boomers Could Be The Answer To Netflix Subscription Problems – Here’s Why

By Dane Bi
April 22, 2022
0
0

mphillips007/Getty Images

When Netflix announced that it had lost 200,000 subscribers year-over-year, it was the first time the streaming service had seen a drop in subscriber numbers in a decade, Forbes reported.

See: 50 ways to waste money
Find: 10 Dollar Store Items That Aren’t Even Worth The Money

While Netflix sees revenue streams as making up for the loss, one area stands out: viewers who use someone outside their household’s username and password to watch Netflix.

According to a recent survey by Morning Consult, 10% of adults admit to using the Netflix password of someone outside their home. That translates to around 28 million people, according to Morning Consult estimates. In a letter to shareholders, Netflix also estimated that around 30 million households in the United States and Canada are using the service from someone else’s account.

Bonus offer: Find a chequing account that fits your lifestyle. $100 bonus offer for new current account customers.

The biggest culprits? Baby boomers.

The survey found that 16% of baby boomers said they don’t subscribe to Netflix, but use someone else’s password. Meanwhile, 9% of Millennials and GenXers, combined, admitted the same, while only 7% of GenZs said they did.

More than half (52%) of respondents said they would consider subscribing to the service if they could no longer use a friend’s password. About a third of all adults (both subscribers and non-subscribers) said they would pay higher subscription fees to legally share their password with more people outside their home.

POLL: Do you think student loan debt should be forgiven?
Discover: No university degree? It’s not a problem for Tesla, Netflix, Apple and these other companies

Within these two groups lies a potential solution to Netflix’s revenue woes: cracking down on password sharing and, simultaneously, finding a way to convert those viewers into paying subscribers.

More from GOBankingRates

About the Author

Dawn Allcot is a full-time freelance writer and content marketer with interests in finance, e-commerce, technology, and real estate. His long list of publishing credits includes Bankrate, Lending Tree and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology and entertainment website. She lives in Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten and three lizards of different sizes and personalities – plus her two children and her husband. Find her on Twitter, @DawnAllcot.

Related posts:

  1. Journalists are building their brands in a growing ‘direct’ sales model
  2. Ypsilanti officials to explore traffic calming measures on four main roads in the city
  3. EMU student launches non-profit organization to provide financial aid and community support for mental health
  4. Long-running Ann Arbor nonprofit refocuses efforts on reforming Michigan’s youth justice system

Categories

  • American Artist
  • American Author
  • Freelance Editor
  • Freelance Writer
  • Loans
  • Terms and Conditions
  • Privacy Policy