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Netflix is working hard to cut back on password sharing, which is cutting into their pockets.

During an interview, the chief product officer of the streaming platform, said that the company is monitoring how to bring password sharing to an end, but won’t reveal how they plan to do it just yet. According to research, Baby Boomers share their passwords 13 percent of the time for streaming services, compared to 35 percent of millennials and Generation Xers share 19 percent.

Netflix to crack down on users sharing passwords with friends and family

Netflix has announced it is seeking to limit password sharing. The topic of password sharing was discussed in the streaming platform's Q3 2019 earnings interview earlier this week.