NETFLIX Freeloaders Alert

Netflix warned streaming freeloaders their days are numbered as the media giant plans to implement its long-promised crackdown on account sharing.
The company said during its quarterly earnings call on Tuesday that it may begin charging subscribers an extra fee early next year for sharing a Netflix account.
Executives first teased the sharing surcharges in April after Netflix reported poor first-quarter earnings that were battered by a plunge in subscribers.
“We’ve landed on a thoughtful approach to monetizing account sharing and we’ll begin rolling this out more broadly starting in early 2023,” Netflix announced.
“After listening to consumer feedback, we are going to offer the ability for sharers to manage their devices more easily and to create sub-accounts, if they want to pay for family or friends.
The new scheme is a countermeasure to the password-sharing epidemic that has plagued the company since its inception. While Netflix instructs users not to share their passwords with people outside their homes, the practice reportedly costs Netflix over $6 billion per year in lost revenue from users leaching off others’ accounts.