Categories: Tech & Society

Netflix To Offer $11.99 Family Plan with up to Four Simultaneous Streams

Netflix currently permits subscribers to stream two movies or TV shows simultaneously from different devices, but according to the company’s top executives, that limit is about to grow. “A few members with large families run into our 2-simultaneous-stream limit,” reads Netflix’s quarterly letter to shareholders, written by CEO Reed Hastings and CFO David Wells. “To best serve these members, we’re shortly adding a 4-stream plan, at $11.99 in the U.S.”

Surprisingly, the streaming service expects a mere one percent of customers will take advantage of the upcoming, more generous family plan. It would seem most of Netflix’s user base is content with current subscription rates, but for those of you letting friends and family “borrow” your account credentials, things just got a bit more convenient. Unfortunately you’ll still have to deal with the recommendations that stem from their viewing habits.

Source: Netflix

Team TechPanda

Recent Posts

AI Launches: Cybersecurity, AI Agents, product specs, business operating system, automobile, consumer & MSME lending, cloud, data streaming

The Tech Panda takes a look at recent launches in the superfast field of Artificial…

22 hours ago

As India’s tech sector on track to surpass $300 billion, CEO of Ness shares insights into AI’s important role 

The tech sector in India has been going from strength to strength in recent years.…

1 day ago

Unknown & uncontrolled machine identities within organizations leading to emergence of new identity security challenges

Experts are saying that organizations are inadvertently creating a new identity-centric attack surface through growing…

1 day ago

Outbound & inbound: India attracts businesses from US & Singapore while expanding to UAE, Europe & Philippines

The Tech Panda takes a look at how India has been attracting foreign businesses from…

2 days ago

The death of paper records: Will AI-driven EHRs eliminate medical errors?

Patient records have long been a collection of handwritten notes, prescription slips, and test results,…

2 weeks ago

The future of contactless hospitality: Balancing convenience with personalization

The fast pace development of the hospitality industry will result in contactless technology adoption, where…

2 weeks ago