Netflix against password sharing for a long time and it may finally bring an end to it soon. Netflix is testing a fee for password sharing in five Latin American States.
Netflix hopes to generate additional revenue by paying users to use one account in multiple homes. This update is currently only being tested in Argentina, El Salvador, Guatemala, Honduras, and the Dominican Republic. Customers in these counties will be asked to pay an additional fee if they use their account outside of their usual location for two weeks.
This change will not affect users using mobile devices such as smartphones, tablets, or laptops, nor does it apply to people on vacation. Password sharing will cost an additional $1.7 in Argentina and $2.99 ​​in other countries.
According to Netflix, more than 100 million people are using Netflix accounts that they haven’t paid for and this is the main reason for the slow growth of Netflix. Netflix lost 200,000 subscribers in the first quarter and is expected to lose another 2 million in the second quarter.
The company’s share price is down more than 65 percent as investors worry the platform is in trouble.
