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Netflix wants to retire basic ad-free plan in some countries, shareholder letter says
(www.cbsnews.com)
this post was submitted on 25 Jan 2024
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This is the best summary I could come up with:
Netflix users in some countries will soon have to pay more to watch TV and movies without advertisements.
In a shareholder letter from Tuesday, the streaming service said it's looking to "retire" its cheapest ad-free plan in "some of our ads countries."
Netflix will implement the change in Canada and the U.K. in the second quarter of the year before "taking it from there," the letter said.
Last year, Netflix stopped allowing new and returning subscribers in the U.S., U.K. and Canada to select its basic plan.
American subscribers who were grandfathered into Netflix's basic plan saw a price hike last year after Netflix raised that plan's price from $9.99 to $11.99 a month.
The video streaming service also started a crackdown on password sharing last year.
The original article contains 302 words, the summary contains 125 words. Saved 59%. I'm a bot and I'm open source!