Netflix is officially beginning its crackdown on users who share passwords in the United States.
The streaming video company on Tuesday said it is now sending out emails to all US subscribers who share passwords with people outside their household, as part of a long planned move to limit password sharing.
To share an account with someone outside a household, a user can transfer a profile to a new membership that they pay for or else add an extra member to their account for an additional $7.99 monthly fee.Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | Omny Studio Netflix previously turned a blind eye to password sharing because it was fueling growth. However, last year it said that it was going to crack down on password sharing because it hurts its bottom line.
Netflix recently reported a net increase of 1.75 million global streaming subscribers in the first quarter, up nearly 5% from the same period in the prior year, but below the more than 3 million Wall Street analysts had expected.
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