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The streaming service, while announcing a much higher than expected number of new subscribers in its earnings report Tuesday, also revealed plans to “retire” its Basic ad-free subscription plan.
In reporting Q1 2023 earnings, Netflix said that in the U.S., the ad-supported plan already was producing higher overall average revenue per customer (aka ARPU) than the $15.49/month Standard plan.
The company says “the vast majority of TV shows and movies” are available on ad-supported plans — about 95% of Netflix’s total catalog on average globally as of Q1 — but that “a small ...
The removal of this plan, which the company also did in Canada last month, comes as Netflix has touted the success of its recently launched ad-supported offering, which comes at a cost of $6.99 ...
Netflix is an American global Internet streaming-on-demand media provider that has distributed a number of original streaming television shows, including original series, specials, miniseries, and documentaries and films. Netflix's original productions also include continuations of canceled series from other networks, as well as licensing or co ...
When Neon was first launched, Sky offered a 30-day free trial period for Neon, with normal subscriptions costing NZ$20 a month. Sky had originally planned to launch Neon in 2014 but was delayed by systems bugs. Neon's February launch was timed to compete with the US-based streaming service Netflix, which launched in New Zealand in March 2015.
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