Max Password Sharing Crackdown Is Coming
Max's paid sharing initiative will launch later this year, with a broader rollout in 2025
www.thewrap.com
Note this will be released in 2025 and is meant to cut losses in streaming.
Warner Bros. Discovery’s Max will join competitors Netflix and Disney+ in cracking down on password sharing.
JB Perrette, WBD’s CEO and president of global streaming and games, said the initiative would launch later this year with a broader rollout in 2025.
“We think, relative to the scale of our business, it’s a meaningful opportunity,” Perrette said during Morgan Stanley’s 2024 Technology, Media & Telecom Conference in San Francisco on Monday.
The push to crack down on password sharing comes as Warner Bros. Discovery narrowed its streaming loss to $55 million during its fourth quarter of 2023, down from a loss of $217 million a year ago. For the full year, it swung to a profit of $103 million, compared to a loss of $1.59 billion in 2022.