Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Netflix to Allow Users to Transfer Data Ahead of Account Sharing Clampdown

Published 10/17/2022, 04:08 PM
Updated 10/17/2022, 04:10 PM
© Reuters.  Netflix (NFLX) to Allow USers to Transfer Data Ahead of Account Sharing Clampdown

By Sam Boughedda

On Monday, Streaming giant Netflix (NASDAQ:NFLX) announced a new feature that will allow users to transfer all of their personal viewing data to a new account.

Netflix said the feature will allow users to keep their personal viewing data, even if they leave the original account holder's plan.

The company stated in a blog post: "People move. Families grow. Relationships end. But throughout these life changes, your Netflix experience should stay the same. Today, we're launching Profile Transfer, a feature that lets people using your account transfer a profile."

The new feature comes at a time when the company is planning to crackdown on account sharing as account growth has stalled and, earlier in the year, declined. Part of the lack of account growth was put down to password sharing. As a result, the company started testing ways of limiting account sharing in Latin America earlier this year.

The new Profile Transfer feature will roll out to all members around the world starting today. The company reportedly told online publication Protocol that the feature tested in Latin America was a hit with audiences.

Netflix said users will be notified by email as soon as Profile Transfer is available. Last week the company announced the long-awaited launch of its ad-tier program.

Netflix shares rose over 6.5% Monday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.