Max to Enforce Password Sharing Crackdown Starting This Year
Warner Bros. Discovery announces plans to limit password sharing on Max, following Netflix and Disney's lead, aiming for profitable growth.
- Max will begin enforcing restrictions on subscribers sharing accounts outside their household starting later this year, with plans extending into 2025.
- The crackdown is seen as a growth opportunity, with Max currently having around 97 million subscribers, trailing behind Netflix, Amazon Prime Video, and Disney+.
- Netflix's previous crackdown on password sharing led to a significant subscriber increase, adding 29.5 million net new subscribers in 2023.
- Disney has also updated its subscriber agreement to ban account sharing, with new capabilities for account-sharers to start their own subscriptions starting this summer.
- Warner Bros. Discovery aims for a $1 billion earnings before interest, taxes, depreciation, and amortization by 2025, with the password-sharing crackdown part of its strategy for profitable growth.