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Streaming Services Losing Money From Password Sharing

As little kids, we’re taught sharing is caring. And there’s no time that it’s been easier to share than in the digital age, maybe too easy.

At least that’s what some media companies must be thinking with streaming services now taking us out of the prehistoric times of traditional cable. But with streaming comes the sharing of passwords.

According to research firm Parks Associates, Netflix, HBO and other streaming services are losing as much as $500 million this year by not putting a stop to password sharing.

The demo that uses or abuses sharing passwords the most? People ages 18 to 24.

From the article "Streaming Services Losing Money From Password Sharing" by Tony Lewis.

Previously In The News

Using Someone Else’s Netflix Password Is Likely to Get Harder

Password sharing costs companies a lot of money. U.S. streaming platforms lost an estimated $2.5 billion in revenue in 2019 because of password sharing, and that amount is expected to increase to $3.5...

How Amazon Strong-Arms Partners Using Its Power Across Multiple Businesses

Amazon’s Fire TV devices account for a third of all streaming media player installed base in the U.S., according to research firm Parks Associates. It commands major positions in areas such as voice-e...

With NFL Deal, Amazon Accelerates Its Streaming-TV Advertising Ambitions

In streaming TV, Amazon’s most direct point of comparison is Roku. Amazon has become the second-biggest streaming-TV hardware provider in the U.S., accounting for 33% of devices in households in the t...

The Streaming Media Device Landscape

Information for The Streaming Media Device Landscape is drawn from multiple sources: Interviews with and research on companies, including consumer electronics (CE) manufacturers, component manufactur...

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