In the end everything boils down to bottom line. Password sharing crackdown is, IMHO, going to slightly boost Netflix subscription numbers, but I don't think that it would be enough to improve financial situation of the company in the long term. Netflix woes have more to do with their policy of "let's throw large number of new shows on the wall and see which one sticks" which temporarily improved variety of content on the platform, but the inevitable cancellations created too much bad blood with the fans and even casual viewers. I think that the most watched shows on Netflix currently are those like Friends or Star Trek, which the fans know that they are over and can't be cancelled in the middle of the run.

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