Passing on your password? Streaming services are past it

Business News

FILE – This Aug. 13, 2020 file photo shows a logo for Netflix on a remote control in Portland, Ore. Streaming services ranging from Netflix to Disney+ want us to stop sharing passwords. That’s the new edict from the giants of streaming media, who hope to discourage the common practice of sharing account passwords without alienating their subscribers, who’ve grown accustomed to the hack. (AP Photo/Jenny Kane, File)

NEW YORK (AP) — Many of us were taught to share as kids. Now streaming services ranging from Netflix to Disney+ want us to stop.

That’s the new edict from the giants of streaming media, who hope to discourage the common practice of sharing account passwords without alienating their subscribers, who’ve grown accustomed to the hack.

Password sharing is estimated to cost streaming services several billion dollars a year in lost revenue.

That’s a small problem now for an industry that earns about $120 billion annually, but something it needs to address as spending on distinctive new programing skyrockets.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

PINPOINT WEATHER // Quick Links:

Coronavirus: Complete Coverage

More Coronavirus

Dan Yorke State of Mind

DYSOM 6/11/21: Taxing PPP Loans

More Dan Yorke State of Mind

Don't Miss

Viewer Pa on WPRI.com

LIVE CAMS on WPRI.com

More Live Cams