News
The end is near for password sharing on Netflix
Starting as early as next year, Netflix will begin cracking down on password sharing. Here's what you need to know about the new policy and how it could impact you.
Advertisement
Soon, if you share your account outside your household, you’ll need to pay up.
The giant streaming service Netflix is increasing its efforts against freeloaders. Starting next year, the company will charge fees for password sharing. The new system adds a fee for an extra member whenever a person outside a subscriber’s household uses their account.
While the company didn’t specify how much these fees will cost, it confirmed the plan in a statement on Tuesday. Their plan of action is already going through tests in a couple of countries in Latin America. In those countries, there’s a fee for every extra member that signs up. And it’s worth about one-quarter of the member’s subscription plan.
If the company decides to put that plan into practice, every password sharing member will have to pay between $3.50 and $4 in the United States.
There have been many years of a “do-nothing” policy about password sharing. But now, Netflix decided to test different ways to get members who share their accounts to pay a little extra. Rumors of it started sprouting when the company had its biggest subscriber loss in early 2022.
In addition to password sharing fees, the company is launching an ad-supported tier plan on November 3. A much cheaper option to attract new consumers and put an end to shared accounts.
Recommended content
Password sharing fees is just one of the changes coming up
For years, Netflix has been dominating the streaming field. That caused almost all major Hollywood media companies to come up with streaming operations of their own. The “steaming wars” as some call it has brought a series of new services like HBO Max, Apple TV Plus, Disney Plus and many more.
With so many options to choose from, it’s become complicated for the general public to understand which services to pay for in order to watch their favorite TV shows and movies through these platforms.
With so much competition, the company’s finally realizing the importance of holding onto a member’s attention (and subscription) and is pursuing the same strategies that it had dismissed in years.
This new password sharing fee program that it intends to roll out more broadly next year is a model of a plan that’s already been happening in Chile and Costa Rica for more than half a year now.
In July, the streaming company said it would begin testing a model in which it establishes the subscriber’s account as the primary residence for the membership. So any ongoing streams that happen outside of this primary residence for more than two weeks would prompt a new profile.
That way, the subscriber would have to pay this password sharing fee for the additional residence. The company said there will be a limit of how many additional residences a member can add according to how much they already pay for the service. This is apparently the plan Netflix will be rolling out in 2023.
Check if you are pre-approved for credit cards and loans with no impact to your credit score
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Netflix’s ad-supported tier is coming in November
Netflix is adding a cheaper, ad-supported tier plan next month in an effort to attract more subscribers and put a stop on password sharing. Check the link below to learn more details about the new feature.
Netflix’s ad-supported tier is coming in November
The new plan will roll out Nov. 3 in hopes for more subscribers. Read on to learn more!
Trending Topics
Learn how to spend smarter during this holiday season
Need some help spending smarter this holiday season? Check out these tips to avoid debt and stay within your budget! Read on for more.
Keep ReadingMost expensive cars in the world
If you like luxury and high-speed, check this list of the most expensive cars in the world. You'll dream about having one of them.
Keep ReadingDiscover the Best Apps to Learn Spanish and Master the Language
Looking for the best apps to learn Spanish? Discover our top recommendations for language learning apps. Start your language-learning journey!
Keep ReadingYou may also like
Learn how to get better ChatGPT Prompts
Take your responses and conversations to the next level with this guide on how to get better quality and more engaging ChatGPT prompts.
Keep ReadingYou Won’t Believe How Much Credit Card Debt Makes You Undateable
Discover the reasons why credit card debt can make you undateable and how you can reduce or eliminate such borrowings.
Keep ReadingUseful housewarming gift ideas for your loved ones
A housewarming gift doesn't have to be cheesy or predictable! These unique gifts will make your friends' new homes feel more like home.
Keep Reading