Current:Home > MyTrendPulse|Netflix has officially begun its plan to make users pay extra for password sharing -FutureFinance
TrendPulse|Netflix has officially begun its plan to make users pay extra for password sharing
PredictIQ Quantitative Think Tank Center View
Date:2025-04-09 12:43:46
Netflix is TrendPulserolling out its crackdown on password sharing, more than a year after the pivot was first announced.
The streaming company is limiting password sharing to people living in the same household. Account holders can add more people outside of the household for an extra $7.99 a month, or they can use the "transfer profile" feature to prompt extra users to make their own accounts that they pay for, Netflix said Tuesday.
Netflix said out-of-household users should have begun receiving emails about the change Tuesday.
Those living in one household should still be able to access the account when traveling or on the go, Netflix said.
In March of 2022, the company said that while it had encouraged account sharing in the past, with features such as profiles and multiple streams, the practices have been "impacting our ability to invest in great new TV and films for our members."
Much like back then, consumers are not happy about the switch.
"Between Netflix cracking down on password sharing and Max locking you out of your HBO Max account, what an incredible day for the limitless possibilities of streaming!" one user tweeted.
"I've been a @netflix member since probably 2010," another person said. "I never cancelled it, even with the price hikes. But I think this password sharing crackdown plan is the last straw. Not even with your family members? What was the point of profiles then?"
"Time to cancel netflix! nobody is paying you more to share a password bestie," a user said.
According to the company, more than 100 million households participate in password sharing. It had 232.5 million subscribers as of April.
Netflix previously tested out paid password sharing in international markets such as Chile, Costa Rica and Peru in 2022. Earlier this year, the company expanded its paid account sharing into Canada, New Zealand, Portugal, Chile and Spain. The company said it had positive results in a letter to shareholders at the end of the first quarter of this year.
"As with Latin America, we see a cancel reaction in each market when we announce the news, which impacts near term member growth," it said. But as borrowers start to activate their own accounts and existing members add 'extra member' accounts, we see increased acquisition and revenue."
In the first quarter of 2023, Netflix brought in about $8.2 billion in revenue, compared to about $7.9 billion at the end of the first quarter of 2022, according to the letter to shareholders.
veryGood! (654)
Related
- Travis Hunter, the 2
- Bridgerton's Nicola Coughlan Uses This $5 Beauty Treatment for De-Puffing
- Robinhood to acquire Bitstamp crypto exchange in $200 million deal
- Vanna White sends tearful farewell to Pat Sajak on 'Wheel of Fortune': 'I love you, Pat!'
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- FDA rolls back Juul marketing ban, reopening possibility of authorization
- High school seniors pull off 'epic' prank, convince Maryland town a Trader Joe's is coming
- When is Mike Tyson vs. Jake Paul fight? No new date requested yet after promoters' pledge
- Stamford Road collision sends motorcyclist flying; driver arrested
- When is Mike Tyson vs. Jake Paul fight? No new date requested yet after promoters' pledge
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- What’s a good thread count for bed sheets? It may not matter as much as you think.
- Vanna White sends tearful farewell to Pat Sajak on 'Wheel of Fortune': 'I love you, Pat!'
- There are thousands of tons of plastic floating in the oceans. One group trying to collect it just got a boost.
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Man pleads not guilty to killing 3 women and dumping their bodies in Oregon and Washington
- Financiers plan to launch a Texas-based stock exchange
- Maps show how Tornado Alley has shifted in the U.S.
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Get Starbucks delivered: Coffee giant announces new partnership with GrubHub
Video shows Seattle police beat man with batons at bus stop, city investigating
Return to Boston leaves Kyrie Irving flat in understated NBA Finals Game 1 outing
The White House is cracking down on overdraft fees
New York governor pushes for tax increase after nixing toll program in Manhattan
Wingstop employee accused of killing manager, shooting another worker after argument
Wisconsin withholds nearly $17 million to Milwaukee schools due to unfiled report