You can no longer share your Netflix password with your loved ones for free: the service will charge for it
Netflix is stepping up its efforts to get more viewers of the streaming service to pay to watch content. The company will start charging accounts for password sharing early next year. It will create a system that will charge for additional account members to your plan. Writes about it CNET.
The company did not specify the price for such users. But the scheme is already being tested in several countries in Latin America, where it charges for each additional member at roughly one quarter the cost of a "standard" Netflix plan.
If the company sticks to this practice, then each additional US account will cost $3,50-$4.
On the subject: Ukrainian writers won a grant from Netflix: they will write a script for a new series
After several years of relative indifference to the password exchange, when it recorded the largest loss of subscribers earlier this year, Netflix began testing ways to make shared accounts pay for it. In addition to paying for password exchange, the company plans to launch more cheap subscription plan with ads.
Netflix's dominance in video streaming (not to mention years of steady subscriber growth) has spurred nearly every major Hollywood media company to pour billions of dollars into their own streaming operations. These so-called streaming wars have sparked a wave of new services, including Apple TV Plus, Disney Plus, HBO Max, Peacock and Paramount Plus.
You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York
Now, sensing the heat of intensifying competition for attention and subscriptions, Netflix is pursuing strategies it has abandoned for years.
The company said Monday it is launching the profile transfer feature, which is a key component of the password sharing board tested in Chile, Costa Rica and Peru. This feature allows a profile created on a shared Netflix account to transfer their browsing history and recommendations to a new independent account. This new account can then be added to anyone's Standard or Premium plan.
Read also on ForumDaily:
How to save money on heating in the USA: some simple but effective life hacks
Tip of the Day: Three Easy Ways to Improve Your Credit Score
12 songs that you can learn to speak English
Nine Helpful Resources to Prepare for the TOEFL
Subscribe to ForumDaily on Google NewsDo you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.