Netflix is reportedly looking to price its new ad-supported tier from $7 (approximately Rs 550) to $9 (approximately Rs 700) per month, which is half the current subscription fee for its most popular plan. For now, the Netflix plan costs $15.49 (roughly Rs. 1,230) per month, with no ads. The motive behind the price cut is to bring in more customers who are watching certain advertisements at a lower monthly rate. The streaming service is said to sell around four minutes of commercials per hour for the ad-supported service.
According to a recent Bloomberg report, the streaming giant Netflix is assuming To reduce prices for your ad supported tier. With lower prices, an ad-supported plan can cost between $7 and $9 for a month.
To recall, this will still cost about half what Netflix is currently charging users for its most popular plan, which costs $15.49 per month without any ads.
The motive behind the price cut is only to attract new customers to the service, who do not mind watching some advertisements by paying less amount to view the content.
As mentioned earlier, Netflix is expected to sell around four minutes of commercials per hour for the ad-supported service. The company is said to show advertisements before and during certain events, but not after.
House of the Dragon renewed for second season after massive success of first episode