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

DDos damage: Geopolitical events triggered unprecedented DDoS attacks, AI

Distributed Denial-of-Service (DDoS) attacks are no longer just a nuisance of the digital underground, they’ve…

10 hours ago

Inception-style hack: How VR could be the next frontier for cyber attacks

Virtual Reality (VR) promises immersion, but what if that immersion turns against you? A new…

10 hours ago

Outbound & inbound: Indian tie ups with Singapore, Indonesia, & Australia while Philippines meets Indian business group

The Tech Panda takes a look at how Indian companies are partnering with foreign businesses…

2 days ago

Investment temperament: NFO for 5 index funds, health funds for Early to Late-Stage Capital & to transform India’s healthcare landscape

The Tech Panda takes a look at the investment temperament in the Indian startup ecosystem.…

3 days ago

Tweets, tips & trading: X doubles down on payments power play

Big Tech is no longer content with just running user feeds, they want wallets too.…

3 days ago

PayPal World: Swipe right on global shopping

Indian shoppers could be shopping internationally using their UPI accounts sitting at home, thanks to…

6 days ago