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Netflix may start limiting password sharing

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By MB Online

The streaming platform continues to monitor plans into limiting the number of times the subscribers can able to share their passwords.

FILE - This Tuesday, Jan. 17, 2017, file photo, shows Netflix on a tablet, in North Andover, Mass. Netflix is about to hit 100 million subscribers for the first time, hitting a major milestone that underscores how much its video streaming service has changed the entertainment landscape since its debut a decade ago. (AP Photo/Elise Amendola, File) Manila Bulletin

(AP Photo/Elise Amendola/File Photo/MANILA BULLETIN) 

Greg Peters, chief product officer of the team, said in a recent interview that Netflix is continuing to monitor plans to address the password sharing.

“We continue to monitor it so we’re looking at the situation. We’ll see those consumer-friendly ways to push on the edges of that,” Peters said.

If a Netflix user shares its login information to other people, as long as they don’t try it all at once, they can have the full access of the account.

This can provide an immeasurable number of users who do not pay for the account.

Peters added that the streaming giant is planning on ways to reduce people giving out their login details, the report added.

Recently, Netflix reported a net income of $665 million in the recently-ended quarter, jumping up from $403 million in the same period last year and topping most analyst forecasts.

Revenue and subscriber growth, however, came in just shy of market consensus.

The California-based company saw revenue up 31 percent at $5.25 billion and added 6.8 million subscribers worldwide to reach a total of 158.3 million. (With reports from Agence France-Presse)

READ MORE: Netflix revs up growth as streaming TV war looms

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