Reed Hastings Satisfied With Netflix Account Sharing

Users can easily share Netflix accounts with friends and family without feeling guilty, since the CEO of the company does not mind.

Netflix CEO, Reed Hastings, stated under the radar at the Consumer Electronics Shows in Las Vegas that customers sharing Netflix account is a ‘positive thing’. Generally, account sharing is close to breaking the laws in the world of online streaming but evidently, service providers do not seem to have much issue with it.

Initially, HBO’s CEO also did not objected to the users sharing their HBO Go accounts with family and friends. The President of HBO, Richard Plepler, stated that this is a great way of marketing the service with the next generation. He added that this entire network was in the business of creating and attracting addicts. The online streaming media company did just that by making its service available and reachable to people easily.

Mr. Hasting stated that ‘account sharers’ are potential long paying customers who use their friends’ accounts for a while and move on to become regular subscribers in the near future. At the CES, he said that the company loves it when customers share accounts whether there are two or ten people on the same couch and he emphasized on the fact that it is a positive aspect.

Through this option, more users can login to the same account at the same time without any discrepancies. Even though the streaming media giant has given the option of family accounts on which they can make their personal profile, users still prefer to use other peoples’ account. As long as the CEO is satisfied, it does not seem to be an issue. He added to the statement that it is not a problem for the company as mostly kids use someone else’s account but once they have an income, they go on to subscribe separately.

On the other hand, at the CES, the CEO also announced that the streaming service is now available in over 130 countries all across the world. Initially, it had mentioned that it will take at least 2 to 3 years to be in over 200 countries but it is quite evident that the media organization is only 70 countries away from its target. However, one of the biggest countries that still do not have the service is China. Due to this announcement, the stock price increased drastically.

At this point, a normal Netflix subscription costs $10 monthly in the United States for the service to be viewed on two separate screens while $12 for fur screens.

Netflix, Inc. Decides not to Renew License with Epix

Netflix, Inc. wants to provide its users with original exclusive content and hence did not renew its movie licensing deal with Epix.

Pay-Tv channel Epix leaves Netflix, Inc, according to latest Netflix news and has decided to switch its streaming partner to Hulu. Epix provided Netflix with popular Hollywood movies that include Hunger Games: Catching Fire and World War Z.

On Sunday Epix announced that it has signed a deal with Hulu which will commence from October. In early 2012, the MGM, Lions Gate Entertainment Corporation and Viacom Inc.’s Paramount owned company signed a deal with Amazon Prime Instant Video signed a deal with Amazon Prime Instant Video. The online video streaming service firm informed its subscribers that it will be terminating and parting its ways by the end of September from the American satellite television network. This means that the users will not be able to enjoy high profile films like Transformers: Age of Extinction and Hunger Games etc. Epix and Netflix signed a deal back in 2010 which ended in 2012, the same year Amazon signed a deal with the American video on demand service to compete with Netflix.

The American on-demand internet streaming media has officially told its users that they have got a month to enjoy these high profile films that the company gets via Epix, after this month they will have to go elsewhere to watch these movies. The company’s take on this whole situation was that since these movies are very popular, they are widely available on different subscription platforms and cable; the same time they have been available on Netflix as well. The streaming company now wants to focus on original content and ‘innovative licensing agreements with the movie studios’ in order to provide its users with a different and better experience.  

Ted Sarandos, Netflix Chief Content Officer, wants the United States users to get excited about the company’s upcoming releases which include an unflinching war drama directed by Cary Fukunaga, who is an Emmy Award Winner and also directed True Detective, this movie is likely to release in October. In December, the firm has planned to release Ridiculous Six, a comedy starring Adam Sandler and a few others, according to latest Netflix updates. The firm promises that these movies will be released faster than they were initially supposed to come out and along with improving the company’s catalogue the company further stated that it will provide great movies and television shows for all kind of customer which will only be available on Netflix.

Soon after the video streaming media player made their announcement, Hulu and Epix signed a multi-year deal and will be releasing their first Lionsgate, Paramount and MGM shows starting from October 1, 2015. The company has promised new hit titles, library films till the deal lasts. Hulu will show its content 90 days after its release.