Ad-Supported Netflix For $7 Launches
Netflix will debut its ad-support plan for $6.99 starting in November in 12 markets.
WTF is an NFT?
Alternative Assets demystifies and explains the hottest unique investment ideas out there. Collectibles, NFTs, Wine, Websites, and even LEGOs. They don't just track the markets, they smash the markets.
Netflix Debuts Ad-Supported Tier
Back in July, I wrote that Netflix would be partnering with Microsoft to manage their ad-serving needs, on the heels of the announcement in April that they would be creating a new, lower-priced, ad-supported subscription plan. This is due to stock fluctuations and lost customers to the continuous competition from new streaming entrants, such as Disney+, Amazon Prime Video, Apple TV+ and more.
On Thursday, Netflix COO & CPO, Greg Peters, announced that the new ad-supported plan will launch on November 3rd with a cost of $6.99/month. This new plan is called Basic with Ads and will launch in 12 countries - Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Span, the UK and the US. The current subscribers to Netflix’s ad-free plans will not be impacted.