Netflix cuts price in countries where password sharing is banned: Subscriptions stay that way

After so much controversy over its actions to eliminate account sharing, Netflix is ​​trying to redeem itself. To do this, they announced a price cut that will affect a number of countries in Latin America. The platform confirms that users Bolivia, Cuba, Ecuador, El Salvador, Guatemala, Venezuela, Nicaragua, Panama, Paraguay and Dominican Republicnow they will pay less for the same service.

Netflix’s monthly price cuts have been significant in some regions. In Bolivia, Paraguay, Nicaragua, Cuba and Venezuela, the cost of the basic plan has decreased from $7.99 to $3.99. Meanwhile, the standard plan has seen cuts from $10.99 to $5.99. The premium plan, for its part, comes with a cost $13.99 to $7.99.

In other regions, there is also a significant reduction in the cost of the service. In regions such as Ecuador, Honduras, Guatemala, Dominican Republic, and El Salvador, Netflix has reduced prices as follows: Basic plan starts at $7.99 to $4.99. The standard plan, for its part, comes from $10.99 to $7.99. Meanwhile, the premium plan has been reduced from from 13.99 to 10.99 dollars.

In Panama, these figures are as follows: from $8.99 to $4.99 for the base plan. From $12.99 to $8.99 according to the standard plan and from 15.99 to 12.99 for the Netflix premium plan.

Netflix’s price drop comes at a difficult time for the platform

Will this fall in prices reach Europe? So far, Netflix hasn’t said anything about it. While the European continent has also been hit by Netflix’s new measures, it is also one of the most productive regions for the company in the world. For this reason, it is not certain that the price cuts applied to Latin America will cross the Atlantic.

According to them, Netflix has focused its latest efforts on making its platform profitable. For this, want to turn those who shared your account into potential new followers, and have already enabled the ability to share your account with people outside of your household. In addition, the platform is betting on video games as part of its service, although so far without much success.

Many users disagreed with the decision to abandon the practice of sharing accounts. Thus, the platform has faced the cancellation of Netflix accounts that are published on social networks by the users themselves, although while we don’t have official data to indicate if this negatively impacted Netflix.. How will this affect the future of the service? It’s hard to understand, but the truth is that it can cause an annoying and major problem for customers who use it on a regular basis.