Netflix Might Introduce a New Cheaper, Ad-Supported Plan Following a Public Backlash

Netflix Seems to be ‘Quite Open’ to an Ad-Supported Plan After Losing 200K Subscribers.
Netflix

Just a day after the American video streaming giant reported it lost around 2,00,000 subscribers for the first time in a decade, new reports suggest that Netflix might be open to a cheaper, ad-supported plan.

According to a statement from Netflix co-founder and co-CEO Reed Hastings, who in Tuesday’s earnings call revealed that the company lost around 2,00,000 subscribers with even bigger losses expected in the next quarter said that the company is “quite open to offering even lower prices with advertising, as a consumer choice”

However, what’s ironic is that Netflix is still pursuing to put crack down on password sharing, which to be honest could in fact be the real reason why Netflix lost this many subscribers.

Meanwhile, India which is Netflix’s growing user still enjoys much cheaper plans along with an exclusive Rs 149 mobile-only plan that offers resolution up to 480p. This makes us believe that in addition to a cheaper ad-supported plan we could also see something similar to this being implemented in other regions outside of India.

That said, if Netflix ever goes forward with this plan it won’t be the only online streaming service to introduce an ad-supported plan, as some competitors like Hulu, Peacock, and HBO Max already offer such plans with even Disney Plus scheduled to receive an ad-supported plan to by the end of this year.

Also Read: Microsoft is Rumoured to be Planning to Include Advertisements in Free-to-Play Xbox Games

What do you think about using a ad-supported Netflix plan given it will be cheaper? Let us know in the comment section below. Until then, join us on Telegram, Twitter or Facebook and stay up to date with the latest happenings in the tech industry

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