Netflix cracks down on password sharing, Australian government cracks down on BNPL: Vertical Hold ep 430
It’s game over for sharing your Netflix passwords with your mates in Australia — but how will this work? New regulations are looking to manage the tumultuous Buy Now Pay Later Industry — but what will that mean for consumers? Special guests TV BlackBox’s Steve Molk and the AFR’s James Eyers!
We’ve known it was coming for some time, but this week Netflix laid the hammer down.
No, not the hammer of Thor — that’s Disney’s property, for a start. Instead, the hammer of stopping people sharing Netflix logins, announcing a new system to charge users if Netflix thinks they’re using the service beyond one “Netflix Household”.
But what defines a “Netflix Household” — and what will this mean for the wider streaming market? We’re joined by TV BlackBox’s Steve Molk to talk through the changes, as well as what’s happening with soccer on Australian streaming platforms!
Meanwhile in the world of finance, recent years has seen an explosion in Buy Now, Pay Later systems — the likes of Afterpay and Zip, especially.
These services offered simple terms and easy access to credit, but weren’t regulated that way… until now. The Australian government has flagged new regulations to more tightly control BNPL services, but what will that mean for Australian consumers? We chat to the AFR’s James Eyers to dig out the details around the new systems and what effect they’ll have on you the next time you shop online or in store!