Will This Be The End Of An Era? Netflix Will Put An End To Password Sharing In 2023
Most of us started using Netflix because a family member or a friend offered to share their password with us – or maybe we begged them to. Either way, password sharing led to the boom of Netflix – especially over the pandemic where a “Netflix party” was the only way to hangout.
However, Netflix will be putting an end to that soon.
Password sharing was recognised by Netflix Inc. researchers as a significant issue reducing memberships in 2019, but the company was unsure of how to solve it without alienating customers.
Now that the pandemic has started ease, Netflix has decided to put that thought into action.
Netflix has stated that it would stop this arrangement and start charging those who share accounts as of 2023.
With 223 million global customers and a market worth of nearly $128 billion, Netflix is the industry leader in streaming video and the first to…
