According to Netflix password sharing, password sharing is a major cause of their losses and they had to take action, which they are doing by making money from it. With the new feature, Standard and Premium plan customers will be able to set up sub accounts for up to two people they don't live with, each with their own profile and personalized recommendations, all at a lower cost.
Synopsis
- Netflix has announced that it will begin charging consumers additional subscription fees if they share their account password.
- The price Netflix will charge a user for revealing their account password has not been made public.
- In 2023, the new regulations will come into force.
When a user shares their account password with someone outside of the family, Netflix will start charging them extra, the company revealed. In its latest earnings call, Netflix revealed that it suffered a significant loss and lost many members. The company just announced that it will begin charging consumers additional membership fees if they share their account password with any other unfamiliar members during the quarterly earnings call. In 2023, the new regulations will come into force.
According to Netflix, password sharing is a major cause of their losses and they had to take action, which they are doing by making money from it. With the new feature, Standard and Premium plan customers will be able to set up sub accounts for up to two people they don't live with, each with their own profile and personalized recommendations, all at a lower cost. However, this feature is different as each sub account requires a separate Netflix login and password.
What are the charges for Netflix password sharing?
The price Netflix will charge a user for revealing their account password has not been made public. However, the app is already being tested in a select Latin American nation, where it is offered for $ 2.99 (around Rs 246) each month, which is a quarter of the $ 12 (around Rs 246) subscription fee. ). Rs989).
Netflix is taking further steps to recoup its losses beyond this. Netflix introduced ad-supported plans earlier this month that are less expensive than competing options.
Starting early next month, the ad-supported plan will be available in 12 countries, including the US, UK, Australia, Brazil, France, Germany, Italy, Japan and Korea. The starting price is $ 6.99 (approximately Rs 575).
Users can preview 4 to 5 minutes of advertising every hour with this plan, with duration depending on the title. Each ad will last between 15 and 30 seconds, and viewers will be able to pause but not skip or fast-forward. As for the launch of this new feature, Netflix India hasn't made any announcements.