Netflix to roll out password-sharing crackdown globally next year

Popular streaming platform Netflix has announced that it is planning to crack down on password sharing beginning in 2023.

According to a report by The Verge, Netflix has plans to start allowing subscribers to create sub-accounts next year as part of its “monetising account sharing” strategy.

Recently, Netflix gained 2.41 million subscribers in the July-September quarter, bringing the total to 223.09 million globally.

The company said it has grown by 1,04,000 paid subscribers in the US and Canada over the last three months, up from 73,000 in the same period the previous year, and says it remains committed to the “bingeable release model”.