Streaming platform Netflix is banning ads and cryptocurrency ads because it does not allow such ads in its new ad-supported subscription plan, which is scheduled to launch in November. Sources say that Netflix does not allow ads related to gambling and politics on its website. It’s a bold move by the company, but don’t you think it’s wrong to associate cryptocurrencies with gambling and politics?
The streaming company has very strict rules about what they allow as advertising on their site. Advertising of any product directed at children, advertising of drugs or pharmaceuticals is prohibited on the Platforms. Users who choose this subscription plan will have a clean experience and won’t see annoying or misleading ads. However, Netflix needs to ensure that the user experience shows ads to users. The ad-supported program is expected to cost $7. I am optimistic that Netflix will offer cryptocurrency advertising, just like other companies. For example, Facebook banned cryptocurrency ads on their platform years ago, but they lifted the ban themselves. There are many such examples. Another possibility is that cryptocurrency advertising bans vary from country to country depending on existing laws and regulations. It is also not clear in which countries such a broadcast option will be available.
Netflix has not been doing well lately. The streaming platform lost nearly 1 million users in the first quarter of 2022, with figures for the second quarter yet to be released. In truth, Netflix subscription plans are not as cheap as expected in some countries like India. Even there, many people use the same plan, making it difficult for Netflix to make a profit.
Thus, Netflix tries to offer cheaper plans, which is possible only with the help of showing advertisements. That’s why they plan to launch a new subscription plan costing around $7-$8. However, it is not clear why they do not allow cryptocurrency advertising. What do you think about Netflix banning cryptic ads and ads for its new ad-supported program? Do you think they will enter the market like other companies? Let us know in the comments section below. Also, if your content is informative, share it with your family and friends.
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