entertainment

Netflix is searching ways to stop password sharing

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Netflix is searching ways to stop password sharing
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Netflix officials have announced that they are “aware” and “monitoring” users who avoid paying monthly subscriptions through password sharing.

Last week, during the company’s third-quarter earnings interview, Netflix Product Chief Greg Peters said that the company is aware of the users who are involved in sharing passwords and will continue to monitor them.

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“We continue to monitor password sharing,” he said. “We’ll continue to look at the situation and we’ll see those consumer-friendly ways to push on the edge of that, but we’ve got no big plans at this point in time in terms of doing something different there.”

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According to a report by CNBC, online video streaming companies such as Netflix, Amazon Prime Video, HBO and Hotstar lose millions of dollars due to password sharing. Around 35% of millennials are sharing their credentials with their families and friends, the report revealed.

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Netflix officials said that they’re looking for ways to limit IP addresses and user logins to crack down consumers who are involved in password sharing.

Users, however, can breathe a sigh of relief as there is still no plan on how the company plans to eliminate the problem.

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