Netflix Cracking Down on Password Sharing
If you’re like me and TONS of others who share a Netflix password with someone else, that could be coming to an end. The streaming service announced the plans to…
(Photo by Pascal Le Segretain/Getty Images)
(Photo by Pascal Le Segretain/Getty Images)If you're like me and TONS of others who share a Netflix password with someone else, that could be coming to an end.
The streaming service announced the plans to crack down on password sharing during a quarterly earnings call. Of course, Netflix is aware that people share accounts.
Currently, Netflix limits the number of devices that can stream from one account.
Nearly 10 percent of Netflix users don't pay for their accounts. Of that number, about 35 percent of millennials share passwords.
Essentially, of the 137 million accounts customers Netflix has, 13.7 million are not paying the monthly subscription. They're missing out on roughly $135 million in missed sales for Netflix each month.
Netflix currently has three different plans: $8.99 for the basic plan, $12.99 for the standard plan and $15.99 for the premium plan.
Do you share an account?
