Password sharing loses streaming giant Netflix in excess of $138 million a month alone, never mind the usual username and password hassles users experience. In fact, the entire streaming industry is forecasted to lose $12.5B annually come 2024 due to password sharing practices. Streaming giants know you are doing it; the problem is, up until now, there’s been no easy—or non-draconian—solution to restricting password sharing. Baby Boomers don’t get off scot-free either, with 13% sharing passwords for streaming platforms, including companies like Apple, Disney, HBO. With this system in place, firms like Netflix won't fall prey to account sharing.

Source: Forbes December 22, 2020 12:00 UTC