{"id":12934,"date":"2023-05-24T01:39:39","date_gmt":"2023-05-24T05:39:39","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/netflix-to-charge-8-per-shared-account-in-u-s\/"},"modified":"2023-05-24T01:39:40","modified_gmt":"2023-05-24T05:39:40","slug":"netflix-to-charge-8-per-shared-account-in-u-s","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12934","title":{"rendered":"Netflix to charge $8 per shared account in U.S."},"content":{"rendered":"
\n

Netflix Inc. is cracking down on customers who share their accounts, introducing an $8 monthly charge in a long-threatened bid to retain customers and stanch a slowdown in subscription growth.<\/p>\n

On Tuesday, the video-streaming giant
\n NFLX,
\n -1.93%<\/bg-quote>
\n announced the plan to reduce unauthorized password sharing in its largest market, the U.S., especially among customers who share their logins with friends and family outside their household.<\/p>\n

\n

\u201cYour Netflix account is for you and the people you live with your household,\u201d Netflix said in a blog post. <\/p>\n

\u201cA Netflix account is meant to be shared in one household (people who live in the same location with the account owner),\u201d the post said. Anyone else must have a separate paid account or be added as a paid \u201cextra member,\u201d the company said.<\/p>\n

To share Netflix with users outside of their household, current customers can transfer a profile to a new membership that someone else pays for, or they can buy an extra membership for $7.99 per month in addition the cost of the main subscription.<\/p>\n

Netflix has said it will start blocking devices that attempt to access a Netflix account without properly paying. Subscribers will be able to continue to access the service while traveling, by using personal devices or by logging onto a TV at a hotel, for instance.<\/p>\n

During its most recent earnings call, Netflix co-Chief Executive Greg Peters described the reaction of users in countries where the company has already cracked down on password sharing. \u201cIt\u2019s very much like a price increase \u2014 we see an initial cancel reaction,\u201d he said. \u201cAnd then we build out of that, both in terms of membership and revenue as borrowers sign up for their own Netflix accounts and existing members purchase that extra member facility for folks that they want to share it with.\u201d<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Netflix Inc. is cracking down on customers who share their accounts, introducing an $8 monthly charge in a long-threatened bid to retain customers and stanch a slowdown in subscription growth. On Tuesday, the video-streaming giant NFLX, -1.93% announced the plan to reduce unauthorized password sharing in its largest market, the U.S., especially among customers who […]<\/p>\n","protected":false},"author":1,"featured_media":12935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-12934","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nNetflix to charge $8 per shared account in U.S. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Netflix Inc. is cracking down on customers who share their accounts, introducing an $8 monthly charge in a long-threatened bid to retain customers and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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