In hopes of capturing lost revenue, Netflix has recently announced that it will do the unthinkable (for many) and cracked down on password sharing. Soon, the days when you could share your Netflix account with all your siblings and closest friends will be a memory of the past.
The world’s pioneer video streamer has started to make life a little more difficult for password-sharers who don’t live in the physical household of the main account holder. The new initiative will first affect three countries outside the United States, which include Chile, Costa Rica, and Peru.
The not-so-bad situation is that Netflix doesn’t plan to simply halt those shared accounts. In its place, the company will set an extra fee for those accounts being used by multiple people outside of the same household. The price varies from country to country but averages at around $2.99 for every sub-account.
Netflix’s plan to capture its lost revenue is set to start with an alert sent to account holders whose passwords are being used by folks in different households.
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