Have you always been sharing your Netflix accounts with your loved ones? Well, you have to stop it now as Netflix will now charge more for the subscription.
Yes, you read it right. On Tuesday, Netflix officially announced that it will start demanding extra fees for passing on passwords from one account to another by the next year onwards. The decision came after Netflix lost subscribers, which made it institute a new feature of adding an “extra fee” to your original Netflix plan if you wish to share your account with anyone.
Although the company didn’t exactly stipulate the price of these new charges, it has been experimented with in a few Latin American countries with each sub-account paying one-quarter extra than the standard plan. If Netflix decides to stick with this plan, then assumably each shared account member will have to pay between $3.50 and $4.
Netflix reported in its earnings that the company has finally agreed of monetizing the accounts if shared from 2023. It further added that it will put in certain features such as transferring of Netflix profiles and creating sub-accounts. Moreover, the countries with low-priced ad-supporting plans, the feature of profile transfer among borrowers would be highly favored.
Netflix used to hand over the free operation of shared accounts if the standard plan was active. However, this will stop after its global membership started to fall apart for the first time in a decade. According to sources, Netflix lost a sum of $6 billion in a year due to an account and password-sharing structure.
For this reason, as well, Netflix is gearing up for the next year. The company is not just focused on the content it provides but also on marketing, extra fees for shared accounts, lower prices of ads, etc
Netflix, as we all have heard, is the leading streaming and production company with around 223 million paid subscribers. It provides streaming of TV series, documentaries, games, and much more different genres with a wide variety of options. The company started first by selling off DVDs. The standard plan for a mobile Netflix account starts from 149 INR, the basic plan from 199 INR, the standard from 499 INR, and the last premium from 649 INR. Netflix is available in almost every country except for China, North Korea, Syria, and Russia.
