'The Last Straw': Customers Furious as Netflix Begins Charging Accounts for Password Sharing The announcement is long-anticipated — Netflix has been threatening a crackdown since last year.

By Emily Rella

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

Netflix customers have been up in arms since the streaming giant announced last spring that it would start cracking down on password sharing (via extra fees) in "early 2023."

In a letter to shareholders last year, the company wrote: "We've landed on a thoughtful approach to monetizing account sharing, and we'll begin rolling this out more broadly starting in early 2023."

Now, Netflix is sharing what these price increases will look like.

Related: All the Details of the Netflix Password-Sharing Update Nobody Wanted

On Tuesday, the company shared a blog post with updated information on account sharing, stating that starting today (Wednesday), members who share their password with people outside of their household will now have to pay $7.99 a month for those additional accounts.

"A Netflix account is for use by one household," the post said. "Everyone living in that household can use Netflix wherever they are — at home, on the go, on holiday — and take advantage of new features like Transfer Profile and Manage Access and Devices."

Naturally, consumers are less than pleased.

Earlier this year, Netflix warned of new password sharing guidelines ahead of this week's purge, stating that "people who do not live in your household will need to use their own account to watch Netflix."

Related: 'Milking Us For Every Dollar Spent': Netflix to Charge for Password Sharing Starting Early 2023

The company announced its Q1 2023 earnings last month and waited to roll out the password-sharing crackdown until Q2 after noticing subscriber growth was negatively affected in markets where Netflix was already testing the concept (outside of the U.S.).

The company brought in $8.16 billion in Q1 revenue.

Netflix was up over 1.5% in a 24-hour period upon the announcement of the news.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

'Boring' Businesses Are Making Millionaires — and You Can Borrow Their Strategies For Success

The silent growth strategy reveals how understated, steady businesses are quietly creating wealth for entrepreneurs in 2025. By focusing on long-term consistency and incremental progress, these "boring" industries are proving to be gold mines for those willing to embrace stability over hype.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Science & Technology

Private Equity Firms Must Embrace These Cutting-Edge Innovations to Stay Competitive

Here's why private equity firms that invest in cutting-edge technology will be best positioned to navigate market challenges and seize new opportunities.

Business News

These Are the Highest-Paying Jobs Best Suited for Introverts, According to a New Report

Do you consider yourself an introvert? Here's how to find the best jobs (with the highest pay) suited for your personality.

Business News

Microsoft Leaked Internal Survey Reveals How Software Engineers Really Feel About Their $205,000 Median Pay

Is working at Microsoft a good deal? An internal survey shows how employees view the company.