Netflix ad-supported plan to launch in November at $7 a month - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 2022-10-14 2:29 AM
📰 SABCNews

⏱ Reading Time:
43 sec. here
2 min. at publisher
📊 Quality Score:
News: 20%
Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Netflix Inc said on Thursday it will introduce a streaming plan with advertising for roughly $7 per month in November, a move to attract new subscribers after the company lost customers in the first half of the year.

The $6.99 cost for the “Basic with Ads” plan is $3 less than Netflix’s lowest-priced tier without commercials.

Netflix executives had adamantly opposed adding commercials to their service for years. They announced a change of heart in April when the company stunned Wall Street by shedding subscribers in the first quarter and predicting additional defections. He pointed to a Wall Street Journal report that Netflix had set a goal of 13.3 million ad-supported viewers in the United States by the third quarter of 2023.

The ad-supported plan from Netflix will debut in Canada and Mexico on November 1, and in the United States, Brazil, United Kingdom, France, Italy, Germany, Australia, Korea and Japan on November 3.“They’re very well positioned, because they’re a premium brand and marketers are extremely interested in being aligned with quality content,” said Greg Kahn, a former ad industry executive who now runs a media advisory firm.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk under federal investigation tied to Twitter deal - Twitter court filing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Elon Musk is under a federal investigation related to his $44 billion takeover deal for Twitter Inc, the social media company said in a court filing made public on Thursday. congrats elonmusk This is going yo be interesting ... Told you that the FBI is doing 'politically motivated' investigations nowadays . . . . .
Source: SABCNews - 🏆 37. / 51 Read more »

Twitter reviews policies around permanent user bans - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Twitter Inc is reviewing its policies around permanently banning users, possibly bringing its content moderation in line with Elon Musk's vision for the social media platform, the Financial Times reported on Wednesday.
Source: SABCNews - 🏆 37. / 51 Read more »