Netflix to begin charging users for sharing accounts

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Netflix to begin charging users for sharing accounts
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Netflix to charge subscribers more for sharing their accounts with people who don't live in their homes

US-based streaming service will begin offering subscribers in Chile, Costa Rica and Peru option to add as many as two people to"sub-accounts" at a monthly fee of $2 to $3, before making changes anywhere else.

In the coming weeks, Netflix will begin offering subscribers in Chile, Costa Rica and Peru the option to add as many as two people to "sub-accounts" at a monthly fee of $2 to $3, Netflix product innovation director Chengyi Long explained on Wednesday. The US-based streaming service has long taken a relaxed approach to users sharing passwords with family or friends but recently saw stock dive on quarterly results that showed cooling subscriber growth.

Netflix ended last year with 221.8 million subscribers, just below target, after booming during coronavirus lockdowns that kept people at home and on the platform.

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