Netflix has started its long-planned crackdown on password sharing among users in the US. <\/p>\n\n\n\n
In an email to all US subscribers, the streaming giant emphasized Netflix accounts are intended for household use only.\u00a0<\/p>\n\n\n\n
The email presented options for users to share their accounts.<\/p>\n\n\n\n
Read More: Netflix, WWE and Subway: Companies who changed their names after bad decisions and lawsuits<\/a><\/strong><\/p>\n\n\n\n It includes transferring a profile to a new membership the recipient pays for or adding an extra member to their account with an additional monthly fee of $7.99.<\/p>\n\n\n\n While Netflix previously tolerated password sharing as it contributed to its growth, the company has now decided to address the issue as it negatively impacts its financial performance. <\/p>\n\n\n\n It is estimated over 100 million households worldwide share Netflix accounts.\u00a0<\/p>\n\n\n\n Need Career Advice?<\/strong> Get employment skills advice at all levels of your career<\/strong><\/a><\/p>\n\n\n\n Earlier this year, Netflix began implementing measures to curb password sharing in countries such as Canada, New Zealand, Portugal, and Spain.<\/p>\n\n\n\n In its recent quarterly report, Netflix disclosed a net increase of 1.75 million global streaming subscribers, a growth of almost 5 percent compared to last year. <\/p>\n\n\n\n However, this figure fell short of the expectations of Wall Street analysts, who anticipated over 3 million new subscribers. <\/p>\n\n\n\n During an earnings call, Netflix acknowledged a temporary cancellation response from users when the paid sharing option was announced but noted subsequent increased acquisition and revenue.<\/p>\n\n\n\n Follow us on YouTube<\/strong><\/a>, Twitter<\/strong><\/a>, LinkedIn<\/strong><\/a>, and Facebook<\/strong><\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" In an email to all US subscribers, the streaming giant emphasized Netflix accounts are intended for household use only.\u00a0<\/p>\n","protected":false},"author":5,"featured_media":34994,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1065,2601],"tags":[450],"class_list":["post-43551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-business-news","category-usa","tag-netflix"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/43551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/comments?post=43551"}],"version-history":[{"count":0,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/43551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media\/34994"}],"wp:attachment":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media?parent=43551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/categories?post=43551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/tags?post=43551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}