Netflix has outlined how it intends to crack down on the rampant sharing of account passwords in the U.S. It's an attempt to reel in more subscribers to its video streaming service amid a slowdown in growth.
— which cost $15.49 to $19.99 per month — will be able to allow another person living outside their household to use their password for an additional $7.99 per month, a nearly $2 discount from the company's basic plan.
While Netflix looked the other away, an estimated 100 million people worldwide were getting passwords from family and friends to freeload on Netflix TV series such as "The Crown" and films such as "All Quiet On The Western Front." Those passwords were funneled through Netflix’s 232.5 million worldwide paying subscribers, who generated the bulk of the company’s $32 billion in revenue last year.
FILE - Detail of a mans hand pressing the Netflix button on a TV remote control, with Netflix streaming on a television in the background, taken on March 6, 2020.
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