In order to stay up to speed on the newest news, free browsing, movies updates, and money-making tips, join the SMARTTECHVILLAS WhatsApp and Telegram channels!. Click Here To Join Now!

Connect with us

Entertainment

Netflix Might Soon Feature A Cheaper New Ad-Supported Plan

Netflix Looks to Feature a newer cheaper plan with ad support

Philip Aladino

Published

on

ADBLOCK

In order to stay up to speed on the newest news, free browsing, movies updates, and money-making tips, join the SMARTTECHVILLAS WhatsApp and Telegram channels!. Click Here To Join Now!

Netflix
Netflix CEO Reed Hastings says he’s open to a lower-cost, ad-supported subscription option | Image by (Smarttechvillas)

Keynotes

  • Reed Hastings, Netflix’s CEO, says he is open to a lower-cost, ad-supported membership alternative.
  • Netflix is experimenting with ad-supported rates, and CEO Reed Hastings admits that he has always been opposed to the “complexity of advertising and a great champion of the straightforward subscription.”
  • After losing subscribers for the first time in a decade on Tuesday, Netflix seems to be considering a variety of options, including a long-rumoured foray into live sports.
  • Additionally, Disney said that it would provide an ad-supported version of Disney Plus before the end of the year.

Netflix CEO Reed Hastings says he’s open to a lower-cost, ad-supported subscription option. After years of denials, Netflix co-founder and co-CEO Reed Hastings stated on Tuesday’s earnings call, “We are extremely open to delivering even lower costs with advertising as a customer option.”

If you want to know more about what’s going on, you’ll have to wait a few years. Ad-supported tiers are something new for Netflix, and CEO Reed Hastings confesses that he’s always been against the “complexity of advertising and a huge advocate of the simple subscription.”

After losing subscribers for the first time in a decade on Tuesday, Netflix seems to be open to a wide range of possibilities, including a long-rumoured entry into live sports. When asked about Netflix’s plans for sports programming in an interview with Deadline, he stated, “I’m not saying that we won’t ever do sports, but we’ll have to see if there’s a road to the growth of enormous revenue streams and fantastic profit streams with it.”

Netflix

Even if Netflix were to launch an ad-supported service, it wouldn’t be the first. Consumers may save money (or even nothing at all) by signing up for Hulu, Peacock, or even HBO Max’s subscription options that allow them to watch their favourite programmes without interruption. In addition, Disney has revealed that by the end of the year, it will provide an ad-supported version of Disney Plus.

Netflix now costs a monthly fee of $10 for the basic service, $15.49 for the standard service, and $20 for the premium service. The corporation just recently increased these fees in March. While Netflix CEO Reed Hastings claims he is happy with the company’s “price spread,” the company’s broad market penetration implies that Hastings has few alternatives for increasing revenue other than hiking prices over and over again, as we explained in January. One way the firm may boost its client base and open up new income streams is by offering a free or low-cost tier that is supported by ads.

Consumers who want to pay less yet are willing to accept advertising” are the target audience for ad-supported plans, says Hastings.

Advertisements

Dino is a Tech Consultant. Entrepreneur, Website/Blog Developer, Graphic Designer, Blogger and Digital Marketer, he has long been freelancing for more than 6 years before starting up Smartcoretech, during this time was writing for websites like Opera News Hub, Paulworkspace, thescoove.africa etc. He is currently reporting on tech related contents on company's such as Apple, Google, Microsoft, Xiaomi, Facebook, Twitter etc. He also writes on Phone Reviews and Movies. When he is not writing he is working as an IT Manager for a company in his Local. Feel free to contact him via any of the available channels present

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Advertisement          

Recent Posts

Advertisement
Advertisement
Advertisement
Advertisement