Netflix announced that it will charge customers an added monthly fee to people who share their login credentials beginning in early 2023. This means that the days of using your parents’ or friends’ Netflix accounts could soon be over.
While we knew Netflix’s crackdown on account sharing has been coming for several months, it’s been unclear when the hammer would finally drop. During its most recent quarterly earnings call, the streaming giant announced that it will start charging a monthly fee to accounts that share passwords in early 2023.
This move is an extension of a pilot program currently running in Latin America which charges users extra fees for “extra user” subaccounts, users outside of your immediate household who use your login to access the service.
Basically, every listing on the “Who’s Watching?” screen is going to cost you extra money if they don’t also live with you. Netflix has not yet announced pricing for the extra charges, though if they follow the pilot program’s “one quarter of the basic rate” scheme, it should work out to around $3 to $4.
For guys wanting to avoid those fees, Netflix unveiled on Monday an account migration tool that will transfer a user’s subaccount data (viewing history, recommendations and the like) to their new, independent subscription.
According to its earnings report, the streaming platform bounced back with 2.4 million new subscribers in the third quarter after losing more than one million earlier this year. Netflix recently revealed plans to launch a $5.99 per month ad-supported subscription tier on November 1st.
In other Netflix-related news, the streaming platform recently confirmed that it’s “seriously” looking into launching a cloud gaming service.