EntertainmentStreamingLooking to get Netflix cheaper? A solution is on the wayA cheaper ads-based Netflix tier could arrive before the end of 2022When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
EntertainmentStreamingLooking to get Netflix cheaper? A solution is on the wayA cheaper ads-based Netflix tier could arrive before the end of 2022When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
A cheaper ads-based Netflix tier could arrive before the end of 2022
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: Ernesto S. Ruscio / Stringer / Getty Images)
(Image credit: Ernesto S. Ruscio / Stringer / Getty Images)
Anyone looking at saving some money on their streaming bills might be in luck asNetflixhas officially confirmed that its cheaper ads-based tier is on the way.
“We’ve left a big customer segment off the table, which is people who say: ‘Hey, Netflix is too expensive for me and I don’t mind advertising,'” said Sarandos. “We are adding an ad tier; we’re not adding ads to Netflix as you know it today. We’re adding an ad tier for folks who say, ‘Hey, I want a lower price and I’ll watch ads.”
This decision also comes in the wake of Netflix making a further 300 layoffs (viaVariety) at the company, following itsloss of 200,000 subscribersearlier this year. Netflix has approximately 11,000 employees located around the world. It also made a further 150 layoffs in May on top of letting go dozens of contractors and part-time workers.
Speaking of the difficulties Netflix has faced ahead of the layoffs, Sarandos said: “We’ve gotten through experiences where the market disconnects from [our] core business and you have to prove the thesis still works, and is going to work long-term. There’s a lot of uncertainty in the world today, and if they get anything that rocks the foundation of the narrative, they get nervous.”
A Netflix standard plan costs $15.49 / £10.99 / AU$16.99 per month, while its cheapest basic plan is available at $9.99 / £6.99 / $10.99 but supports fewer devices and does not offer HD. How much Netflix will make consumers pay for the price of watching its shows and movies with ads is unclear at this time.
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It’s been a rough couple of months for the streaming service, as it continues to cancel numerousNetflix original shows. I’m still not personally over the unexpectedend of GLOW, which happened a couple of years back.
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TOPICSnetflix
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