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BUSINESSTODAY 21 April 2022

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Name Current Change %Change Open High Low Prev. Value Close US MARKETS NASDAQ 13,037.49 -344.03 -2.57 13511.75 13533.78 13032.17 13381.52 EUROPEAN MARKETS FTSE 7,251.31 -246.87 -3.29 7498.18 7498.18 7243.44 7498.18 CAC 6,451.79 -328.88 -4.85 6496.25 6617.09 6433.51 6780.67 DAX 13,854.52 -776.84 -5.31 13989.41 14221.71 13826.70 14631.36 ASIAN MARKETS SGX Nifty 16,141.00 -109.00 -0.67 17052.50 17115.00 15500.50 17063.00 Nikkei 225 25,970.82 -478.79 -1.81 26281.35 26357.58 25775.64 26449.61 Straits Times 3,276.06 -116.94 -3.45 3351.24 3363.17 3248.93 3393.00 Hang Seng 22,901.56 -758.72 -3.21 23268.03 23376.37 22786.39 23660.28 Taiwan Weighted 17,594.55 -461.18 -2.55 17939.53 17939.53 17561.07 18055.73 KOSPI 2,648.80 -70.73 -2.60 2689.28 2694.55 2642.63 2719.53 SET Composite 1,662.72 -33.73 -1.99 1683.92 1690.50 1656.62 1696.45 Jakarta Composite 6,817.82 -102.24 -1.48 6912.48 6929.91 6758.86 6920.06 Shanghai Composite 3,429.96 -59.19 -1.70 3474.37 3486.98 3400.21 3489.15 21.4.2022 7 MARKETS International Markets Global Indices Trading Date: 20 April 2022 Netflix to introduce ads and password- sharing charges STREAMING giant Netflix is planning to introduce ad- verts and extra charges for sharing passwords. e introduction of adverts will allow consumers the 'choice' of having a lower subscription rate whilst there will still be package options without adverts. During a quarterly earnings call with investors, CEO Reed Hastings explained that while he had been 'against the complexity of advertising, and a big fan of the simplic- ity of subscription' he is a 'bigger fan of consumer choice and allowing consumers who would like to have a lower price, and are advertising-tolerant, get what they want. ere is currently no advertising on the service, this is due to the monthly pricing structure allowing consumers to transition seamlessly between episodes of their favourite shows. However, the introduction of an ads-based model may be to encourage more users to stay on the platform. Possible changes Alongside the introduction of ads-based subscriptions, Netflix will soon be charging you for sharing your pass- word with other family members. Last month it was revealed that the streaming service was already trialling these additional charges in Chile, Costa Rica, and Peru. ose found to be password sharing were charged around another £2 on top of their subscription fee. During its quarterly earnings call, Netflix said they would be expanding these to other countries including the US from next year. it is currently unclear how they will detect those sharing passwords with people outside of their households. e plans come as a way to help Netflix continue to invest in new big-budget shows and movies, but the announce- ment has left some consumers unhappy especially follow- ing a price hike earlier this year. e rise in living costs, as well as increased competition from streaming services like Amazon Prime and Disney+, are taking a toll on company finances. According to the Wall Street Journal, Netflix lost 200,000 global subscribers in the first quarter of 2022. ey expect to lose 2 million more this spring resulting in shares in the company falling by 17%.

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