Netflix To Introduce Cheaper Ad-Supported Plan By End Of 2022: Report

  

Netflix To Introduce Cheaper Ad-Supported Plan By End Of 2022: Report



Netflix is expected to be adding an option for a cheaper ad-supported plan by the end of 2022, after the company reportedly told its employees to expect the move in a recent note, according to the New York Times. 
In April, Netflix CEO Reed Hastings admitted that he wasn't a fan of adding advertising to the streaming platform, but said that he was still open to the idea in the name of "consumer choice."


Chris McGrath / Getty Images
“Those who have followed Netflix know that I’ve been against the complexity of advertising and a big fan of the simplicity of subscription. But as much as I’m a fan of that, I’m a bigger fan of consumer choice,” Hastings said. “And allowing consumers who like to have a lower price, and are advertising tolerant, get what they want makes a lot of sense.”
At the time, Hastings predicted the plan would be instilled "over the next year or two," but the schedule appears to have already accelerated.
Netflix is hoping to stop the bleeding on its stock price, which has taken a beating throughout 2022. In Q1, Netflix lost 200,000 subscribers with a significantly higher 2 million expected to be lost in Q2. In April, the company still reported 221 million subscribers in total.
[Via]




via: https://www.hotnewhiphop.com/netflix-to-introduce-cheaper-ad-supported-plan-by-end-of-2022-report-news.151987.html


Share on Facebook  Share on Facebook


Comments
ITS THE BOOMBAP!

Click To See More Photos

Mobile Apps


More Blogs

Other Headlines


Receive News Updates
  
  Daily Vibe Breaking News
 

Become A Fan
RSS Logo Facebook Logo Twitter Logo Youtube Logo


Sponsors
Download the BV mobile app

Best VPN Service