Culture secretary says service needs to revise business model, before being told of password-sharing ban

The culture secretary, Nadine Dorries, shares her Netflix account with four other households, including her mother’s, she has told MPs, calling the streaming service an “incredibly generous system”.

Dorries argued that the recent share price collapse at Netflix, which is now worth less than a third of its market value at the start of the year, was evidence only of its success.

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