We have many people in our group who have done a good deed by purchasing the subscription of Netflix. And as we say ” A Friend in need is a friend indeed” that friend shares their Netflix password with you.
Life is peaceful you can binge-watch your shows and web series. But Netflix was not so happy with this password sharing.
Netflix has cleverly tracked it down and will possibly make some alterations for the ones sharing their Netflix account passwords with multiple people.
In the quarterly earning meeting, Product Chief Greg Peters said that.
Sharing passwords like this is making many platforms lose money every year. It is not just Netflix that is suffering from the password sharing problem. Many paid platforms such as Amazon Prime, HBO and Hotstar are also on the same list.
According to ng to the credentials shared by a survey, every year 35% of the people are sharing their passwords with friends and family which is affecting the company’s earnings every year.