With free Netflix access, viewers will be able to watch the movies with all language options. Meanwhile, NFLX stock is slightly down.
Netflix Inc (NASDAQ: NFLX) now offers free shows to non-subscribers. Without signing up, viewers will have limited but free Netflix access to ten TV shows and movies.
According to a report by TechCrunch, Netflix is offering free but limited access to some of its original series and movies. The available shows and movies include Stranger Things, Murder Mystery, Boss Baby: Back in Business, When They See us, and more.
Netflix Offers Free Access
Also, with free access, viewers will be able to watch the movies with all language options. However, only the first episode of the first season of TV shows will be available for non-subscribers. In addition, non-account holders can also access the free shows on the video streaming service.
Speaking to TechCrunch on the new development, Netflix said:
“We’re looking at different marketing promotions to attract new members and give them a great Netflix experience.”
However, the free service is only supported on Android devices and computer browsers.
Before now, Netflix tried to offer free services to non-paying customers in some selected markets. In September last year, the company offered the first episode of “Bard of Blood” in India. Also, the second season of “Elite” was available for free in parts of Latin America. Similarly, the streaming giant made “To All The Boys I’ve Loved Before” available for free in the US. Now, free access will be accessible in all the 190 countries where Netflix is operational.
Even better, there will also be more free original TV shows and movies. At the moment, the company has not revealed how long the free shows will be available for.
Recent Netflix Growth
Since the beginning of 2020, Netflix has been growing significantly. BBC News reported that general TV watching and online streaming surged during the lockdown, caused by the pandemic. According to the report, Netflix is among the streaming services that increased in its number of daily users during the stay-home period.
Furthermore, about 16 million subscribers signed up for Netflix in the first three months of the year. With this, Bernstein analyst Todd Juenger noted that the increased engagement and appreciation might make it easier for the streaming service to increase its subscription fee in 2021 to 2022.
In addition, Piper Sandler analyst Michael J.Olsen carried out a survey to determine the amount domestic customers may be willing to pay for Netflix. In total, more than a thousand subscribers responded. The majority of the respondents are satisfied with an average price increase of $2.40 each month.
As of the second quarter of this year, Netflix had less than 73 million paid subscribers in the U.S. and Canada. This equals about 38% of the company’s total global subscribers. Also, during Q2, Netflix generated average revenue per user (ARPU) of $13.25 in the U.S. and Canada.
Previously closed at $523.89, NFLX is presently trading at a loss of 0.64% to $520.54. Apart from today’s loss, the company has been surging for the past twelve month as it has jumped over 76% in the past year. Also, Netflix added nearly 4% in the past month and 6.01% in the last five days.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
