One of the reasons why Netflix was good was because of the password sharing and I think they even promoted it to people. Was the limit 4 people? Either way, I just don't see these people wanting to pay more when the value has dropped.

Another thing to consider is the price. Just compare the price of Netflix and how it changed over time. There are so many price hikes and it's kind of crazy how often they hiked prices without providing that much extra value.

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