Netflix got a lot of new people signing up at the end of last year because they started cracking down on sharing passwords. They added over 13.1 million new subscriptions in the last three months of 2023, which is the most they've ever had in one quarter since 2020. Even though they were trying to stop password-sharing, a lot of the new members chose the cheapest plan that has ads. This was a surprise because earlier in the year, Netflix was losing subscribers and not making as much money. So they had to come up with new ways to get more people to watch and make more money.

Besides stopping password-sharing, Netflix is also trying out more live events to get new people interested. They just made a deal for $5 billion to bring WWE Raw, a really popular wrestling show, to their platform for the next 10 years. Other streaming companies like Amazon are doing similar things to offer more stuff to watch. Netflix used to not want to have ads, but now they're okay with it because it helps them make more money. They charge less for the plan with ads compared to the one without. But they don't think ads will make a big difference in their growth this year.

Even though some people thought Netflix wouldn't get as many new subscribers without a really popular show, they actually got more than expected last quarter. They said it was because they had a lot of good shows, like a documentary about Beckham and a movie with Adam Sandler. They even got 18 Oscar nominations, which is a big deal. When people heard about all the new sign-ups, the price of Netflix's shares went up by 6% after the stock market closed. Overall, Netflix made over $33.7 billion in 2023, which is 6% more than the year before. They made $5.4 billion in profits.

So, Netflix got a lot of new people signing up because they stopped sharing passwords. They're doing well and plan to raise prices. Even though they stopped password-sharing, a lot of new members chose the cheapest plan with ads. Netflix is also trying out live events to get more people interested. They did really well last quarter because they had good shows and got Oscar nominations.

Original news source: Netflix password crackdown fuels sign-up surge (BBC)

– News Summary
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– Opinion Poll
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– Headline Creation
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– Think-Pair-Share
Instructions: Pose a discussion question related to the article to the whole class, such as "Do you think Netflix's strategy of stopping password-sharing is effective? Why or why not?" Give the students a few minutes to individually think about their response. Then, have them pair up with a partner and discuss their thoughts. Finally, ask a few pairs to share their opinions with the class.

Netflix got a lot of new people signing up at the end of last year because they started cracking down on ? ?. They added over 13.1 million new subscriptions in the last three months of 2023, which is the most they've ever had in one quarter since 2020. Even though they were trying to stop password-sharing, a lot of the new members chose the ? plan that has ads. This was a surprise because earlier in the year, Netflix was losing subscribers and not ? as much money. So they had to come up with new ways to get more people to watch and make more money. Besides stopping password-sharing, Netflix is also trying out more live events to get new people ?. They just made a deal for $5 billion to ? WWE Raw, a really popular wrestling show, to their platform for the next 10 years. Other ? companies like Amazon are doing ? things to offer more stuff to watch. Netflix used to not want to have ads, but now they're okay with it because it helps them make more money. They charge less for the plan with ads compared to the one without. But they don't think ads will make a big difference in their ? this year. Even though some ? thought Netflix wouldn't get as many new subscribers without a really popular show, they actually got more than expected last quarter. They said it was because they had a lot of good shows, like a documentary about ? and a movie with Adam ?. They even got 18 Oscar nominations, which is a big deal. When people heard about all the new sign-ups, the price of Netflix's shares went up by 6% after the stock market closed. Overall, ? made over $33.7 billion in 2023, which is 6% more than the year before. They made $5.4 billion in profits. So, Netflix got a lot of new people signing up because they stopped sharing passwords. They're doing well and plan to raise prices. Even though they stopped password-sharing, a lot of new members ? the cheapest plan with ads. Netflix is also ? out live events to get more people interested. They did really well last quarter because they had good ? and got Oscar nominations.

1. What is password-sharing and why do you think Netflix wanted to stop it?
2. How do you feel about Netflix adding ads to their cheapest plan? Why or why not?
3. Do you like watching live events? Why or why not?
4. Have you ever watched a wrestling show? How did you feel about it?
5. What do you think about streaming companies like Netflix and Amazon adding more content to watch? Do you think it's a good idea? Why or why not?
6. How important is it for a streaming platform to have popular shows? Why?
7. Have you ever watched a documentary? If so, what was it about and did you enjoy it?
8. How do you think getting Oscar nominations helps a streaming platform like Netflix?
9. Do you think the price of Netflix's shares going up is a good thing? Why or why not?
10. How do you feel about Netflix making over $33.7 billion in one year? Do you think it's fair? Why or why not?
11. Have you ever subscribed to a streaming platform? Which one and why did you choose it?
12. How do you think Netflix can continue to grow in the future?
13. Do you think Netflix raising prices will affect their number of subscribers? Why or why not?
14. How important is it for a streaming platform to have a variety of content? Why?
15. What other types of live events do you think Netflix could offer to attract more people? Why?

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