Netflix has announced that it no longer allows subscribers to share passwords for free by the end of March in a shareholder letter, CBS news reported.
The streaming giant said that password sharing crackdown would begin ‘later in quarter 1’. However, a specified date for the crackdown is not revealed.
Netflix announced its plans to start charging people to share accounts in October last year, and the company also launched a lower-priced ad-supported plan in November.
Meanwhile, the company declared 2022 as a ‘tough’ year as Netflix lost its subscriber in more than a decade.