Bad news for Netflix freeloaders: Password sharing 'will be banned' by late ... trends now
View
comments
The time Netflix 'freeloaders' have long feared - password sharing will be banned by the end of March.
The company shared the news in a letter to shareholders, noting the 'widespread account sharing' has exceeded over 100 million viewers.
These individuals, however, will be able to transfer their profiles to a new paid account, allowing them to carry over their preferences.
Netflix said 2022 was a 'tough year' due to its first subscriber loss in more than a decade - its customer base fell by 200,000 subscribers in the first quarter.
Netflix told shareholders it will stop users from sharing accounts in late March. The move comes as more than 100 million people are watching the platform for free
'Today's widespread account sharing undermines our long-term ability to invest in and improve Netflix, as well as build our business.' the company said in its letter.
'While our terms of use limit use of Netflix