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Netflix said Thursday that it will phase out its lowest-priced ad-free streaming plan in the US and France after removing that sign-up option in the UK and Canada last year. The "Basic" plan had ...
Netflix last year stopped new subscriptions to its Basic plan, but allowed existing subscribers on that tier to keep it. Now it's killing it off for good, starting with Canada and the U.K.
Apparently, those subscribed to the Basic Netflix plan, which is currently priced at $11.99 per month, will soon have to choose to either switch to a new Basic plan priced at $6.99 or a Standard ...
In the US, for instance, the basic plan cost $11.99 compared with $15.49 for the other ad-free tier, $22.99 for the one with 4K, or $6.99 for the one with ads – and prices are largely comparable ...
Prices also rose in Canada, where the standard plan climbed to C$16.49 from C$14.99. Shares of Netflix gained nearly 3% to $533.84 on Nasdaq after Reuters broke the news of the price rises.
Netflix entered the international market when they began offering their streaming service to Canada on September 22, 2010. At the time the subscription cost $7.99 a month, a rate that CEO Reed Hastings called, "the lowest, most aggressive price we've ever had anywhere in the world."
Netflix raised the monthly price of most of its subscription plans in the U.S. and Canada, as the streamer looks to generate more revenue from a slower-growing base customers. The price increases ...
The Basic ad-free plan, which fetched $9.99/month Stateside (and was previously dropped in Canada), is no longer bering offered […] Netflix Scraps Cheapest Ad-Free Plan — Here’s How That ...
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