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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

Roku Swings to Second-Quarter Loss on Slower Ad Spending

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Parks: Netflix Is OTT Leader In The US

Parks Associates announced OTT data showing that at the end of 2015, approximately 20% of US broadband households had cancelled at least one OTT video service in the past 12 months. In 2Q 2015, 18% ha...

Voice Recognition Software Drive New IoT Use Cases

“Over 70% of voice-recognition users are satisfied with the experience of using this solution on their smartphones, which is driving experimentation with this functionality on other platforms, includi...

You don’t have to feel guilty about sharing your TV log-in

Last year, research firm Parks Associates found that 16 percent of U.S. households with broadband admitted either borrowing video log-ins or sharing their own credentials. For many people under 40, sh...

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