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Sony To Pay Out Nearly $8 Million In Class-Action Settlement Over Game Prices

Sony To Pay Out Nearly $8 Million In Class-Action Settlement Over Game Prices https://ift.tt/mZvwBR8 Sony is set to pay out nearly $8 million to PlayStation customers as part of a settlement regarding digital game prices. The settlement ( via IGN ) comes after Sony's motion to dismiss the lawsuit was denied, and settlement class members across a more-than-four-year period are potentially eligible for a payment. The lawsuit, originally filed back in 2024 , alleged that Sony established a monopoly over PlayStation Store prices by making publishers "cede control over the final price to Sony" and that Sony "eliminated the last vestiges of price competition when it stopped allowing outside retailers to sell digital download codes that could be redeemed on the PlayStation Store." Sony is not agreeing to wrongdoing as part of the settlement, and will be avoiding a civil trial if the terms are agreed upon by the court. Once that happens, the claims against Son...
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Netflix Says Its Fight Against Password Sharing Is Working

Netflix Says Its Fight Against Password Sharing Is Working https://ift.tt/dujn7G2

In a recent Q2 2023 earnings interview for investors, Netflix announced the "success" of its paid account sharing initiative, now expanded to over 100 countries, accounting for more than 80 percent of its revenue. The crackdown, which started in the United States on May 23 and in several other countries in early February, aimed to address users sharing their Netflix passwords. Despite concerns, the company added 5.9 million subscribers in Q2, reaching a global total of 238.4 million, with only a limited number of cancellations resulting from the action.

"The cancel reaction was low and while we’re still in the early stages of monetization, we’re seeing healthy conversion of borrower households into full paying Netflix memberships as well as the uptake of our extra member feature," Netflix said in its letter to investors.

As the initiative expands, Netflix will tackle account sharing in nearly all remaining countries where the streaming service is offered, including Indonesia, Croatia, Kenya, and India.

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