: What a Netflix crackdown on password sharing could look like

by | Jul 19, 2022 | Stock Market

Netflix Inc. has vowed to clamp down on password sharing as it looks to improve its financial fortunes, and the company just shared more details about how it will do that. The company plans to make customers in several Latin American markets start paying extra if they want to add additional homes to their Netflix
accounts, according to a recent blog post. A traditional subscription will give viewers the ability to watch Netflix in one designated home, but subscribers will need to pay an additional $2.99 for each new home in which someone would be streaming through a given Netflix account.

Earnings preview: Netflix is pulling out all the stops to reverse a slide in subscribers. Netflix’s stock rallied 1.8% toward a six-week high in morning trading Tuesday, ahead of second-quarter results scheduled for release after the closing bell. The $2.99 fee applies to viewers in the Dominican Republic, El Salvador, Guatemala, and Honduras. The cost will be 219 Pesos per additional home in Argentina. Those on Netflix’s basic plan can add one extra home, while those on standard plans can add two extra homes and those on premium plans can add three, per the post. Netflix says that travel is “included” in this new system, as viewers can use tablets, laptops, or mobile devices to watch the streaming service while away from home. The company didn’t immediately respond to a MarketWatch request for comment about the logistics of watching Netflix on a TV set at a hotel, Airbnb, or vacation home. See more: Is Netflix cracking down on password sharing? Here’s what you need to know if you share an account “It’s great that our members love Netflix movies and TV shows so much they wan …

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