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HomeBusinessNetflix is about to make major changes with password sharing.

Netflix is about to make major changes with password sharing.

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Added to Favorite

If you share or borrow someone else’s Netflix (NFLX) login, be prepared to start paying for it. The streaming service has been warning of a password-sharing crackdown, and they are almost ready to implement some new regulations.

Netflix stated in a letter to shareholders last week that it plans to carry out paid account sharing “more broadly” by the end of the first quarter of 2023. More than one hundred million families, according to Netflix, share accounts, which “undermines our long-term ability to invest in and develop Netflix.”

Executives said in the letter that while some users are expected to terminate their accounts when paid sharing is available, “borrower households” will create their own accounts.

How would password share work?

The “add a home” function allows users to purchase extra “homes” with whom they want to share their Netflix subscription. Each home incurs a monthly price in addition to your regular subscription rate, but that fee ($2.99) is significantly less than the cost of a complete Netflix subscription, allowing a couple of families to save money on Netflix.

While traveling, you may also stream Netflix on your tablet, laptop, or phone. Netflix also adds that a new setting will be available shortly that will allow customers to decide where their account is used and remove extra residences at any time.

Netflix says people who do not live in your household will need to use their own account to watch Netflix. Netflix uses information such as IP addresses, device IDs, and account activity from devices signed into the Netflix account.

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