WEBVTT

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- [Jack] It looks like Netflix
is in for a rough week.

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Shares for the streaming
service have fallen

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to their lowest point since January 2018.

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Investors have begun ditching the stock

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in reaction to the streamer's
first subscriber loss

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in more than 10 years.

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Netflix has already lost 200,000
subscribers in 2022 alone.

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Netflix's co-CEO. Reed Hastings.

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pictured here dressed as a time
traveler from the year 3000,

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blamed the decline in subscribers
on a number of reasons,

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such as "great competition".

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Another contributing factor listed

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was rampant password sharing
among families and users.

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It has been estimated that
there are more than 100 million

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non-paying households worldwide.

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It appears banking on spiteful exes

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changing their Netflix passwords
is not a viable solution,

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so the streaming giant has other plans

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to combat their declining numbers.

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- Every day I wake up
and I hope you're dead!

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- [Jack] The company expects to roll out

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its ad-supported streaming
strategy over the next few years

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and announced last month that
they will test charging users

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in Chile, Costa Rica, and Peru extra

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to share their passwords.

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The time may finally be
coming for us couch potatoes

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to decide which of our friends and family

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are worth shelling out a few more dollars.

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(quiet electronic music)