American subscription-based streaming service, Netflix has announced plans to begin blocking subscribers from sharing account passwords with people outside their households from March 2023.
The streaming service provider made this known through a statement stating their plans ahead of March.
The company stated why they are restricting its password sharing.
The statement reads, “Netflix plans to ban all password sharing by March 2023. The company expects to make around $720 million from the change.”
“Netflix allows you to share with four other people to enjoy live streaming and recent movie, but because of multiple interests, people have shared with close friends, co-workers, and family, but that will now be a thing of the past.”
The streaming service now plans to roll out paid sharing of passwords as of March 2023.
This new development and the recent suspension of the use of Nigerian debit cards internationally will further compound the problem of subscriptions for most viewers in Nigeria.