Previously, there were rumours about the end of password sharing, but the changes are set to officially go into effect next year, reports
Netflix has long been aware that password sharing is a problem that negatively affects its earnings, but the rise in subscriptions in 2020 led the company to avoid addressing the issue.
Because of the revenue downfall this year and the platform's first subscriber loss in 10 years, Netflix CEO
Starting next year, the company plans to ask users who share accounts with others outside of their household to pay for the same, the report said.
In October, the streaming giant announced the '
Netflix on Wednesday also announced that it will launch '
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