Netflix tests its staying power with global password crackdown

Netflix is at a turning point where the company will soon discover whether or not its brand still has staying power and the ability to dominate in today’s streaming market, given the abundance of choice available to consumers. On Tuesday, Netflix announced its plan to roll out its password-sharing restrictions to a global audience, including the U.S., years after having encouraged the practice as a means of introducing its service to a wider range of consumers. These days, however, Netflix sees moochers as lost profits, estimating there are 100 million...