Netflix to launch cheaper subscription plan with ads on November 3rd
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Streaming service Netflix will introduce a cheaper subscription plan on November 3rd. It will, however, include ads, it says. press release. It will cost $6.99 (in the UK – £4.99).
The new plan will have all the features available in the basic subscription (which costs $9.99), but will show 4-5 minutes of ads per hour. Commercials will be 15-30 seconds long.
The new package will be available in 12 countries: Australia, Brazil, UK, Germany, Spain, Italy, Canada, Mexico, USA, France, South Korea and Japan.
From January to September, Netflix has already lost 1.2 million subscribers, the company’s shares fell by 62% over this period. By data The Guardian decided to launch a cheaper subscription option in November to get ahead of rival Disney+, which announced a similar subscription from December. Initially, Netflix planned to launch a subscription for $7-9 per month with ads in 2023.
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