Sharing Your Netflix Password Will End Soon! - Ocean Of Tech

Sharing Your Netflix Password Will End Soon!

A British company, Synamedia, has announced its latest software at CES 2019, enabling streaming services to track shared passwords. 


This software uses artificial intelligence to track the shared password on Netflix.


Netflix
Netflix


Netflix has announced it is seeking to limit password sharing but in a “consumer-friendly way".Netflix Chief Greg Peters mentioned 


“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.”

Netflix
Netflix

Users are already able to share accounts by viewing profiles on a single login, but password sharing takes it to another level.



According to the research company Magid, 35 percent of millennials share their passwords for streaming services, It is estimated that nine percent of customers engage in password sharing. it adds up to millions of dollars.


Netflix
Netflix


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


Netflix has acquired a $279 million debt and its highest reported free cash flow for a quarter is only $28 million, meaning that “the company’s cash expenses exceed annual incoming cash by billions of dollars”. 



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