Current:Home > FinanceNetflix will officially start charging for password sharing in 2023 -Elite Financial Minds
Netflix will officially start charging for password sharing in 2023
View
Date:2025-04-12 07:36:53
Netflix will officially start rolling out its fees for password sharing in early 2023, after previously announcing to consumers the change would be coming.
The company said in a March statement that in the past it has encouraged account sharing among its 222 million subscribers, with features such as profiles and multiple streams, but that the practices are "impacting our ability to invest in great new TV and films for our members."
Netflix said it won't ban password sharing, but those who do it will have to pay. It will be testing the change in three countries — Chile, Costa Rica and Peru. For 2,380 Chilean pesos, 2.99 U.S. dollars and 7.9 Peruvian sol, respectively, users can add up to two profiles.
"Netflix will lose a lot of customers if they do this password sharing crackdown they plan to do," said one Twitter user.
"How do you expect families to handle password sharing in the case of divorcees, their children, or college students away from home?" another user said. "We already pay a lot for it, now you're just milking us for every dollar spent."
Under the anticipated change, users who don't pay will be able to transfer their profiles to their own accounts, retaining customizations like My List, viewing history and recommendations Netflix makes.
"We recognize that people have many entertainment choices, so we want to ensure any new features are flexible and useful for members, whose subscriptions fund all our great TV and films," the statement said.
"Mind your business! Respectfully!" said one tweet, with many others aiming profanity and laughing emojis at the streaming giant.
This is not Netflix's first time trying ways to get people to pay for their own accounts. In March 2021, it began testing two-step verification in which after logging in, users would have to input a code that would be sent to the phone or email of the account owner.
Netflix previously raised its U.S. prices in October 2020 and again in January, bringing the price of its standard plans from $13.99 to $15.49, Reuters reported.
Editor's note: This is an update to a story reported in March 2022, when Netflix initially announced its plans for password sharing.
veryGood! (7995)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Robert De Niro Speaks Out After Welcoming Baby No. 7
- Can mandatory liability insurance for gun owners reduce violence? These local governments think so.
- Exxon’s Climate Fraud Trial Nears Its End: What Does the State Have to Prove to Win?
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Food insecurity is driving women in Africa into sex work, increasing HIV risk
- Less than a quarter of U.S. homes are affordable for the typical buyer, study shows
- He woke up from eye surgery with a gash on his forehead. What happened?
- North Carolina justices rule for restaurants in COVID
- Chase Sui Wonders Shares Insight Into Very Sacred Relationship With Boyfriend Pete Davidson
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Today’s Climate: August 9, 2010
- See pictures from Trump indictment that allegedly show boxes of classified documents in Mar-a-Lago bathroom, ballroom
- Less than a quarter of U.S. homes are affordable for the typical buyer, study shows
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- How a deadly fire in Xinjiang prompted protests unseen in China in three decades
- NYC Mayor Adams faces backlash for move to involuntarily hospitalize homeless people
- Persistent Water and Soil Contamination Found at N.D. Wastewater Spills
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
More than 1 billion young people could be at risk of hearing loss, a new study shows
Industries Try to Strip Power from Ohio River’s Water Quality Commission
15 Canadian Kids Sue Their Government for Failing to Address Climate Change
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Kroy Biermann Seeking Sole Legal and Physical Custody of His and Kim Zolciak's Kids Amid Divorce
Elliot Page Shares Shirtless Selfie While Reflecting on Dysphoria Journey
Warren Buffett Faces Pressure to Invest for the Climate, Not Just for Profit