We’ve grown up being told it’s good to share, but Netflix believes otherwise.
For those who have shared their passwords with others, Netflix is finally doing the deed many have feared.
After a recent announcement in a quarterly earnings call, Netflix has officially said it will begin charging users who have shared their passwords with others.
Currently being tested in Latin America, Netflix accounts who allow logins outside of their immediate household to binge-watch shows will be charged what they call an “extra user” fee.
In other words, every profile listed on the “Who’s Watching?” page will cost you extra money if he or she does not live with you.
The new tactic comes as an attempt to promote growth as Netflix confirmed they have lost subscribers, as well as settling investors too.
However with the recent help from season four of Stranger Things and Monster: The Jeffrey Dahmer Story, Netflix gained over 2.4 million subscribers in its third quarter.
While Netflix has not yet stated what the price of their “extra user” fee will be, the rate may work out to be $3-4 if the platform makes the decision to follow prices from their pilot program.
And if you do decide you want to avoid these fees, Netflix created a new tool that can transfer a user’s data to their own independent subscription.
In addition to the added fees, Netflix is launching a less expensive (although ad-supported) plan that totals to just $7 a month when it releases next month, on November 3.
The $7 subscription will be available to access in a dozen countries including the United Kingdom, Canada, and Mexico.
