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Marketplace All-in-One

What can parents do to ease the mounting pressure facing high schoolers?

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 19 October 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

All parents want their kids to succeed. But with AP and IB classes, extracurriculars and test prep, it seems like the bar to achieve for high school students just keeps getting higher. We delve into how we got here and how parents can help teens reframe their value and self-worth. But first: Netflix and bill? After a surge in subscribers following its password crackdown, Netflix is hiking prices.

Transcript

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0:00.0

Time to Netflix and Bill from Marketplace.

0:05.0

I'm Sabrina Beneshore, Infra David Brunkhatchum.

0:07.7

Remember Netflix's password crackdown?

0:10.2

Yeah, well, it worked.

0:12.7

Password piggybackers emerged from the shadows in droves and signed up for their own accounts

0:18.2

helping bring Netflix 9 million new subscribers in just three months.

0:23.2

That's triple the number of people who signed up last year at the same time.

0:27.4

Now that it has wrangled those folks in, it is raising prices.

0:31.4

Marketplace's Nova Sappo is here with details.

0:33.9

Hi, Nova.

0:34.7

Good morning, Sabrina.

0:36.1

This sounds kind of like a big turnaround when you think that, you know, in early 2022, Netflix

0:42.2

had actually lost more than a million subscribers.

0:45.7

Yeah, it is a big turnaround.

0:47.2

For a while, they're a post pandemic.

0:48.7

It appeared that we'd reached peak subscriptions.

0:51.2

Netflix added 36 million in 2020 than lost, as you mentioned, subscribers.

0:55.7

But now it's growing again and the number is higher than expected and Netflix thinks it

0:59.2

will keep adding more subscribers for a few more quarters as it continues to crack down

1:03.7

on password sharing.

1:05.4

But it's also raising prices.

1:07.1

Are they not concerned that this is going to irritate customers and it might lose some?

...

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