Sharing Your Netflix Password Is About to COST You EXTRA

If you’ve been surviving off of your best friend’s ex-boyfriend’s cousin’s Netflix login (😂 ), be warned that you might get kicked off that account soon!

We’ve seen a number of updates in the streaming world, particularly with new pricing, the introduction of ads in formerly ad-free services, and updates on subscriber numbers. But Netflix also has another update on the way — starting soon, they’ll be charging for password-sharing. Here’s what you need to know.

According to TIME, Netflix will start charging for password sharing in early 2023. They shared the news in an October letter to shareholders.

The company is moving forward with the plan to “monetize account sharing,” despite backlash from consumers when the plan was initially announced.

So just what does this new plan entail? Well, soon Netflix will make subscribers pay an additional fee for sharing passwords with people outside of their households. According to CBS News, a Netflix account holder can currently have up to 5 profiles on their account. Once this new plan is put in place, Netflix will only allow a single “home” per account. 

If you want to keep sharing with people outside of your household, you’ll be able to, you’ll just need to pay for “sub-accounts” to add more “homes” to your account.

If you’re sharing someone else’s account right now and want to break off and make your own account, Netflix has said that you’ll get the chance to transfer your existing profile information to a new account.

Netflix actually tested out this program in Chile, Peru, and Costa Rica earlier in 2022. In those countries, you could pay to add up to 2 extra members to your Netflix account. The charge was $2.99 for each month to add a “home.”

How much will it cost to add those sub-accounts in other countries? Netflix hasn’t shared the details yet, so we’ll be on the lookout for details.

CBS News points out that once the plan rolls out in early 2023, how many extra “homes” you can add to your account will depend on what plan you have.

• Basic plans: can add 1 extra “home”
• Standard plans: can add up to 2 extra “homes”
• Premium plans: can add up to 3 extra “homes”

Earlier in 2022, Netflix shared that it lost subscribers for the first time in over 10 years. In a letter to shareholders, they noted that really cracking down on the sharing of passwords could be a “big opportunity” in terms of growing their revenue in the future.

Despite Netflix later gaining subscribers, it looks like the plan to crack down on password sharing is moving forward.

Don’t forget that Netflix is also introducing their Basic with Ads plan soon too. That’ll launch in November and will be $6.99 per month in the U.S.

Disney will follow soon after with its own ad-supported plan. We’ll continue to keep an eye out for more news on the streaming front, so check back for updates.

 Are you a Netflix subscriber? Tell us in the comments!

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