Star Amy Hargreaves on being a Speak Well Role Model and assisting youths find out public speaking, self-confidence and much better communication. Netflix is seeking to split down on password sharing with a new test.NETFLIX WON OVER HALF OF 2021 GOLDEN GLOBE TELEVISION AWARDSFirst discovered by GammaWire, some users have come across a questions when they visit requesting verification that they are the owner of the Netflix account. An alerting message checks out: “If you do not cope with the owner of this account, you require your own account to keep viewing.”A spokesperson for Netflix confirmed the test to FOX Business, noting it is “created to assist ensure that people using Netflix accounts are authorized to do so.”It is also created to guarantee earnings is not lost as the streaming area has grown progressively competitive. According to an analysis by research company Parks Associates, password piracy and sharing expense streaming providers $9.1 billion in 2019 alone. The company approximates that figure will increase to $12.5 billion by 2024. Netflix will offer users the option to confirm their account through a code sent out by text message or e-mail. In addition, they will be offered the alternative to “verify later.” If the user is unable to verify account ownership within a particular timeframe, they will be asked to create a brand-new account.GET FOX BUSINESS ON THE GO BY CLICKING HERENetflixs terms of service state that streaming content on the platform is “for your non-commercial and personal usage just and may not be shown individuals beyond your home.”The business charges users $8.99-17.99 monthly, depending upon the plan. Netflixs fundamental plan permits users to stream on one screen at a time, while its standard plan and premium strategies enables users to stream on two screens at the exact same time and 4 screens at the same time, respectively.TickerSecurityLastChangeChange %NFLXNETFLIX, INC. 523.06 +18.52 +3.67%AAPLAPPLE, INC. 121.96 +1.98 +1.65%DISTHE WALT DISNEY CO. 196.66 +1.70 +0.87%VIACVIACOMCBS, INC. 86.28 +3.39 +4.09%TAT&T, INC.29.52-0.48 -1.60%DISCADISCOVERY, INC. 66.97 +1.15 +1.75%The move comes as the streaming giant has become more popular than ever, exceeding 200 million subscribers.The streaming service has actually formerly looked the other way when it pertains to password sharing, with Netflix CEO Reed Hastings acknowledging during a call with experts in 2016 that it is “something you have to learn to cope with.””Theres so much genuine password sharing, like you sharing with your partner, with your kids, so theres no bright line, and were doing fine as is,” Hastings said.CLICK HERE TO READ MORE ON FOX BUSINESSBut because those comments 4 years ago, Netflix has actually discovered increasingly more competitors for dollars and viewers. In the last 24 months AppleTV+, Disney+, Discovery+ and HBOMax have actually all launched as pay streaming services. Simply today CBS All Access ended up being Paramount+ and in a twist really lowered its regular monthly rate by $1 with the name change.In 2019, Netflixs primary product officer Gregory Peters informed experts throughout a revenues call that the company was focused on preventing password sharing, however that the platform was still trying to find methods to implement it.