Much to the dismay of Netflix, many people have been sharing passwords with friends and family to avoid paying their own subscriptions. Well those days of sharing passwords are soon going to be over.
The streaming service started emailing customers yesterday about its new password policy. The e-mail will be sent to all Netflix members here in the United states who've been sharing their account outside their own household.
What they are going to do is give you two options. You can transfer a profile to a new membership, or you can continue to share an account with someone outside your household, however, it's going to cost you about an extra $8 a month.
Netflix says that subscribers in the same house will still be able to stream wherever they are, including at hotels and vacation homes. I don't know how that's going to work but I guess it will all be explained in the e-mail that they send out, so be forewarned.
These are the pricing tiers for Netflix in the United States:
- Standard ad-supported (2 devices at a time): $6.99/month
- Basic (1 device at a time): $9.99/month
- Standard (2 devices at a time): $15.49/month
- Premium (4 devices at a time): $19.99/month
Source: CNBC
Photo: Getty Images