Netflix ad-supported plan and password sharing fees coming soon — Report

An internal executive memo informed staff that Netflix is planning to launch a cheaper ad-supported plan and a fee for sharing passwords in the last three months of 2022, The New York TimesNetflix reportedly said in the memo that apart from Apple TV+, its major competitors in the US all offer an ad-supported plan at a lower price while “maintaining a strong brand”.

“We’re not trying to shut down that sharing, but we’re going to ask you to pay a bit more to be able to share,” Netflix chief operating officer Greg Peters said on an earnings call.the option in Chile, Costa Rica, and Peru as part of a limited test. Netflix co-chief Reed Hastings told investors on the same call that the company would discuss an ad-supported alternative over the next year or two.

However, according to the memo, the ad-supported plan will launch in tandem with plans to charge for sharing — and the company aims to introduce these at the end of 2022. Netflix’s subscriber numbers declined by 200,000 for the first time last quarter, mainly because it suspended its services in Russia.Netflix hopes that the addition of a cheaper plan and an extra fee for password sharing will support an increase in revenue.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Weekly Rand Report: Rand in the red as the Fed raises ratesThe rand took another hit last week, weakening against 16 of the top 19 currency pairs. Amidst a host of interest rate hikes, South Africa’s emerging-market currency lay at the mercy of global monetary policy. Sable_Intl
Source: TheSAnews - 🏆 25. / 59 Read more »

WATCH: Market ReportBusiness Day TV talks to Caroline Cremen from Adviceworx
Source: BDliveSA - 🏆 12. / 63 Read more »

EDITORIAL: Media victory in the battle for Steinhoff’s forensic reportThe Western Cape High Court has ordered Steinhoff to hand over the full report to the FM and amaBhungane within 10 days. amaBhungane I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: FinancialMail - 🏆 20. / 63 Read more »

Lynne Brown's hotline to Zuma after the release of part 4 of the State Capture reportThe naming and shaming of specific individuals by Chief Justice Raymond Zondo has undoubtedly unnerved those implicated.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

LaLiga match report Barcelona v Celta Vigo 10 May 2022Barcelona cemented second spot on the LaLiga standings after defeating Celta Vigo 3-1 at the Camp Nou on Tuesday night. Read more ➡️
Source: KickOffMagazine - 🏆 36. / 51 Read more »

LaLiga Report: Barcelona v Celta Vigo 10 May 2022Pierre-Emerick Aubameyang bagged a brace as Barcelona strengthened their grip on second spot with a 3-1 win over Celta Vigo. SLInt MORE:
Source: Soccer_Laduma - 🏆 22. / 63 Read more »