NETFLIX INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Netflix, Inc.

NETFLIX INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Netflix, Inc. – NFLX

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Netflix, Inc. (NasdaqGS: NFLX).

“in addition to our 222m paying households, we estimate that Netflix is being shared with over 100m additional households…our relatively high household penetration - when including the large number of households sharing accounts – combined with competition, is creating revenue growth headwinds.”

On April 19, 2022, the Company disclosed the extent of subscriber account sharing and the growth implications resulting from it, stating “in addition to our 222m paying households, we estimate that Netflix is being shared with over 100m additional households…our relatively high household penetration - when including the large number of households sharing accounts – combined with competition, is creating revenue growth headwinds.”