Netflix (NFLX) Testing New Features Regarding Account Sharing

$Netflix (NFLX.US)$ is testing new features like charging extra fees for sharing of accounts outside of a person’s household, according to a report. The company is working on another feature that will enable members of basic standard or premium plans to transfer profile information to a new account, such as viewing history and personalized recommendations.
The company is currently testing the features in Chile, Costa Rica and Peru before making the changes in other parts of the world.
Netflix’s current terms and services state that the account can only be used for personal and non-commercial use and only between household members. However, password sharing is widespread among users beyond the household, which has been negatively impacting subscriber growth amid stiff competition.
Netflix’s key competitors include ’s Disney+ and ’s Apple TV+. $Disney (DIS.US)$ $Apple (AAPL.US)$