Netflix will unveil next month the first version of its video streaming service with ads
FILE - A logo for Netflix is seen on a remote control in Portland, Ore., on Aug. 13, 2020. Netflix will unveil the first version of its video streaming service with ads in November 2022, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up with commercial interruptions.
The ad-supported service is scheduled to debut Nov. 3 as Netflix tries to reverse a drop in subscribers. It will cost $7 per month in the U.S., a 55% markdown from Netflix's most popular $15.50-per-month plan, which is ad-free. Netflix's ad-supported option will also be rolling out in Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain and the U.K., according toBesides putting up with roughly four to five minutes of ads during each hour of viewing, Netflix subscribers who sign up for the cheaper service also won't be able to download TV shows and movies to watch when their devices are offline.
Netflix's 15-year-old streaming service has until now been commercial free, but the Los Gatos, California, company decided to head in a new direction six months ago after reporting itsThe customer erosion worsened a wrenching decline in its stock price that has wiped up more than $200 billion in shareholder wealth during the past 11 months.
Through the first half of this year, Netflix lost 1.2 million subscribers, leaving it with nearly 221 million. Management in July predicted it would regain about 1 million of those subscribers during the summer months. The numbers for the July-September period are scheduled to be disclosed Tuesday.
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Netflix sets $7 monthly price for its ad-supported serviceNetflix next month will unveil the first version of its video streaming service with ads, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up with commercial interruptions. The ad-supported service is scheduled to debut Nov. 3 as Netflix tries to reverse a drop in subscribers. It will cost $7 per month in the U.S., a 55% markdown from Netflix's most popular $15.50-per-month plan, which is ad-free.
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Netflix sets $7 monthly price for its ad-supported serviceNetflix next month will unveil the first version of its video streaming service with ads giving cost-conscious viewers a chance to watch most of its shows at a steep discount
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Netflix sets $7 monthly price for its ad-supported serviceSAN RAMON, Calif. (AP) — Netflix next month will unveil the first version of its video streaming service with ads, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up with commercial interruptions.
Read more »
Netflix sets $7 monthly price for its ad-supported serviceNetflix next month will unveil the first version of its video streaming service with ads, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up with commercial interruptions.
Read more »