Deanna King

Deanna King

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How Netflix Will Crack Down on Password Sharing

Netflix is cracking down on password sharing after losing $25 billion a year. Netflix says more than 100 million users are sharing a password. The video streaming service plans to roll out a new pricing plan. Netflix plans to charge primary account holders an extra fee for every “sub account,” or password sharer, to make up for lost revenue.The company has already started testing this feature in certain countries. For accounts that are sharing a password across addresses, Netflix is charging an additional fee to add “sub accounts” for up to two people outside the home. The pricing is different per country — about $2.13 per month in Peru, $2.99 in Costa Rica, and $2.92 in Chile, based on current exchange rates. It could take a year to roll out the new pricing policy in the United States.

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