Ad-Supported Netflix Plans, Alternative To Launch At Lower-Cost

Recent news about the ad-supported Netflix plans has been going around all over the Internet. This is actually the latest decision proposed by the company after its own shares plunges. This happens due to the subscribers’ drop.

Netflix revealed its ranks of subscribers shrank in the first quarter of this year. Its shares also lost a quarter of their value. Unfortunately, it was the first time in a decade that the streaming television service had lost its subscribers.

Picture: GSM Arena

The co-CEO of the company that is Reed Hastings said that Netflix is now more open to offering lower-cost and also ad-supported plans. Previously, the company stated that it would only stick with the subscription-only plans. Looks like that would not be true anymore. According to the Variety website, this plan will be over next year or even two.

In addition, Netflix believes that factors hampering its growth include subscribers sharing their accounts with people not living in their homes. That is why they have decided to offer lower prices with advertising as a consumer choice.

On top of that, another factor crimping Netflix’s growth is intense competition from titans such as Apple and Disney.

Sources: Variety, Tech Crunch.

Adib Mohd

Recent Posts

From Cookies to Classrooms: Starbucks Raises Over RM100K to Revive Centre for the Deaf

What if your sweet tooth could change lives? Since 2018, Starbucks Malaysia has raised over… Read More

24 hours ago

Tous les Jours Expands in Malaysia with New Outlets at Sunway Pyramid and Sunway Velocity

Malaysian fans of delectable K-inspired baked goods will be delighted to hear that Tous Les… Read More

1 day ago

Stitch Lands in KL, Disney’s Blue Menace Takes Over Pavilion This School Holiday

Get ready for a school holiday filled with tropical vibes as Pavilion Kuala Lumpur transforms… Read More

1 day ago

Malaysia Gears Up for Southeast Asia’s First Smart City Expo, Here’s Why You Should Care

Kuala Lumpur just flipped the switch on something big. The 100-day countdown to Smart City… Read More

1 day ago

Ejen Ali: The Movie Review, A Next-Level Win for Malaysian Animation

Ejen Ali: The Movie 2 isn’t just a sequel, it’s a bold upgrade that proves… Read More

1 day ago

When Creativity Meets Comfort: LEGO® and IKEA Malaysia Reimagine Home Decor

When Creativity Meets Comfort: LEGO® and IKEA Malaysia Reimagine Home Decor With its latest collection… Read More

3 days ago

This website uses cookies.