Netflix will start charging for password sharing in early 2023, potentially adding up to $3 for each additional user
, an estimated one-third of US Netflix subscribers currently share their log-ins. The new policy could provide helpful revenue for the streamer, which has had a tumultuous year. gained more than 2 million new subscribersAs it regains momentum, charging for extra members allows the company to start"monetizing all that unpaid viewing," Netflix CFO Spence Neumann said on a call with investors on Tuesday.
CEO Reed Hastings echoed Neumann on the call:"Everything the company is focused on, whether that's on the content side, on marketing, lowering prices to the ad supported, the paid sharing, the thoughtful approach we're doing there lines us up for a good next year." Disclosure: Mathias Döpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member.Subscribe to push notifications
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix Wants You to Pay for Your Freeloading FriendsThe streaming giant will start cracking down on password sharing in early 2023 by asking subscribers to add “extra members” to their plans.
Read more »
Netflix to crack down on password sharing from early 2023 | Digital TrendsFrom early next year, Netflix will begin charging an extra fee to account holders who share their Netflix password with people outside their household.
Read more »
Netflix password-sharing crackdown will roll out globally in “early 2023”Netflix password-sharing crackdown will roll out globally in 'early 2023'
Read more »
Netflix account crackdown: Sharing your password? It will cost you starting in 2023Sharing your Netflix password with people who are not in your household? Your days may be numbered. Netflix said it will roll out plans globally to “monetize” account sharing early next year.
Read more »
Netflix plans to roll out password-sharing crackdown in 2023The company says the two features it started testing earlier this year to combat shared accounts will be broadly implemented in 2023.
Read more »