Entertainment streaming giant Netflix is currently discussing price hikes in several global markets, with an initial focus on the US and Canada, the Wall Street Journal reported.
The online streaming giant Netflix is ready to make this big change due to the demand and warning of Hollywood actors. According to reports, Netflix will roll out these changes in the coming weeks. But the price increase details of ad free plans are not officially revealed yet. It is also said that he did not respond to Reuters’ request.
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Netflix also discontinued its budget-priced $9.99 Basic plan in the US last July. It only offers a standard ad-free plan of $15.49. Now offering an ad-supported plan for $6.99. But now the days are near when the company will launch a new change aimed at increasing its dividend.
The streaming giant has invested billions of dollars in new content, including original shows and movies. This substantial cost will reduce the profit for the company, and in this background, Netflix is said to be planning to increase the price of ad free plans. Part of the move was also the end of password sharing last July. It also charges a monthly fee of $7.99 to share the password with others.
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Netflix introduced an ad-supported plan for $6.99 a month in the US last year. It will show 4 to 5 ads per hour, each lasting 15-30 seconds.
However, instead of an ad-supported plan in India, Netflix has offered a mobile-only plan. Subscribers can view it only on their smartphone. It costs just Rs.149 per month. With Netflix’s mobile only plan, you can watch unlimited movies, TV shows, mobile games on smartphones, tablets, iPhones and e-pads without any ads. But India has not received information about the implementation of this new change.
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