Netflix Hits Us Again
Have you ever shared your Netflix password with someone? We found out a few months ago that they cracked down on it and stopped allowing it. But Netflix has just announced that they are charging users an additional $8 per month to add people to their accounts. They hit us again. Remember when Netflix cost $4.99 a month? Those were the days.
First of all, let’s talk about why Netflix has decided to crack down on password sharing. Because of money. Netflix, along with other streaming services, loses billions of dollars every year because of password sharing. This might not seem like a big deal, but when you consider that the average Netflix subscription costs $14.00/month, obviously the losses accumulate quickly. By charging extra to add people to your account, I guess Netflix is aiming to make up some of that lost revenue.
At this point, some feel they should just go back to cable.
The problem is that there are favorite shows exclusively on each streaming service. What if you want to watch “The Handmaid’s Tale” on Hulu or “The Boys” on Amazon Prime Video? So it’s a must to sign up for multiple streaming services, but once again, this gets super expensive.
We don’t know what the answer is. It gets to the point where you don’t even want to watch TV because it gets so expensive. Pick and choose which shows are important to you and go with those services. Watch the others at your friend’s houses with a couple of bottles of wine!
So say goodbye to password sharing and hello to going over to your friend’s houses for every show on the service you don’t have. $$$