Well, Netflix figured it out… You’re sharing your account password with your best buddies and they don’t like it.
I know you’re just trying to be a good friend. I mean, if your friends get hooked on the same shows as you (aka Stranger Things), then you have something exciting to talk about! So, you share your account password and reveal the binge-worthy shows with them.
But, Netflix doesn’t like your overly friendly password sharing.
Greg Peters, chief product officer at Neflix, explained that the streaming service is monitoring ways users are sharing accounts. In a recent interview, Peters revealed that the company has no big plans to crack down on password sharing at this time, though.
However, I won’t be surprised if they propose such plans in the near future.
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Currently, Netflix offers three plans: the Basic, Standard and Premium Plans. The Basic plan only allows you to stream to one device at a time. But, the Standard and Premium plans allow users to stream from two to four devices.
Of course, these plans are meant to stay within one household. But, the little bit of controversy comes in when users allow cousins, nephews and coworkers in different homes to stream from the same account. Even randomly logging into Netflix on your neighbor’s television counts as a device use. And, unless you log out, your neighbor will still be using your Netflix account.
Actually, when you create a Netflix account, you agree not to share the account.
“The Netflix service and any content viewed through our service are for your personal and non-commercial use only and may not be shared with individuals beyond your household,” reads the Terms and Conditions.
The company has been relaxed with these rules thus far. But, according to a Magid study reported on CNBC, an estimated 35 percent of millennials share passwords for streaming services. Following that are the 19 percent of Generation X subscribers and 13 percent of Baby Boomers sharing, too.
So, you better watch out, account moochers, because the streaming service may make things a little harder for you. Sharing accounts may mean lost subscription money for Netflix.