Live stream will be available after this brief ad from our sponsors
ContestsEvents

Netflix Pirates Could Be Raiding Company of Nearly $200 Million per Month

Using your buddy’s Netflix username and password to stream shows? You would be one of the many “pirates” that could have Netflix losing $192 million per month, according to a…

Photo by freestocks.org on Unsplash

Using your buddy's Netflix username and password to stream shows?

You would be one of the many "pirates" that could have Netflix losing $192 million per month, according to a new cord-cutting study. Cordcutting.com estimates that 24 million Netflix users are mooching someone else's info to gain access to the service, causing Netflix $192 million in lost revenue monthly, or $2.3 billion annually.

Those that use Amazon Prime Video on someone else's dime cause Amazon to lose $45 million a month and Hulu loses about $40 million monthly with piracy. Who are the biggest moochers?  Millennials, who are the largest pirating demographic for Netflix piracy, accounting for 18% of the company's 24 million monthly freeloaders.

If you wanna know how much you're saving by using someone else's Netflix account, you're saving nearly $96 a year. Do you pay for your streaming services?