Netflix is one of the most popular OTT sites worldwide. The Ott platform is one of the most influential visual content platforms in the world. If you haven’t signed up for Netflix subscription plans because of the high cost, this article might be the good news you’ve been looking for.
Recent reports suggest that Netflix is launching a new subscription plan that will be cheaper than other plans. Read the full article to know more about it. Netflix plans to charge $7 to $9 for a new subscription plan that includes ads. Recent reports suggest that Netflix will launch these plans in the last three months of the year in some regions.
This will be a pocket-friendly subscription plan that will allow Netflix to serve even more people. With this subscription plan, people will see 4 minutes of ads every hour. Netflix did not respond to a request for comment about the plan and its price. The plan comes after The Walt Disney Company announced the launch of a cheaper ad-supported subscription plan later this year.
Netflix plans to introduce a similar plan as it wants to attract more subscribers who are interested in watching ad-supported shows and movies for half the price of its current subscription plans. Their current subscription costs $15.49 per month. Various reports claim that Netflix lost around 200,000 subscribers in the first half of this year.
The reason for this is inflation due to which consumer spending has decreased. Netflix CEO Reed Hastings said in a statement that he has no interest in putting ads in subscription programs, but would support them if consumers wanted them. Microsoft has decided to help Netflix with a new subscription plan. Microsoft is the technology and business partner of this OTT platform.