Netflix Offers New $6.99 Plan, But There's a Catch

The streaming giant Netflix is facing price inflation and looking to boost per-subscriber revenue. On November 3rd Netflix will release an ad-supported subscription option on November 3, priced at $6.99 a month.

The company has long held off on making this move. With the breaking of this news, Netflix stock rose 5.3% but is still down 67% from its 52-week high of $700.99.

Netflix has had continuous growth for over a decade, the streaming company faced back-to-back quarters of subscriber loss. With 221 million subscribers, Netflix is hoping to add a million subscribers this quarter.

The Thursday announcement from Netflix stated that their new "Basic With Ads" tier will be available in the following countries: the United States, Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain and the UK.

Subscribers of the Basic With Ads tier can expect to see four to five minutes of advertisements per hour of viewing. Each ad will range from 15 to 30 seconds.

Due to licensing restrictions, not all programming will be available in this tier. "A limited number of movies and TV shows won't be available due to licensing restrictions, which we’re working on," the company said.

With this addition there are now four different subscription plans offered by Netflix:

  • Basic With Ads ($6.99): Watch on one device at a time; no downloading; HD
  • Basic ($9.99): Watch or downloading on one device at a time; HD starting in November
  • Standard ($15.49): Watch or download on two devices at a time; HD
  • Premium ($19.99): Watch or download on four devices at a time; Ultra HD

Will this move get Netflix back on track or is there just too much competition at this point and they will gradually lose their share of the marketplace?

Trending Political News

California Governor Gavin Newsom Makes Painful Admission to Democrats

Democrat California Governor Gavin Newsom made a painful admission about the Fox News shows dominating politics and crushing the Democrats.

Newsom made the comments during an interview with Texas Tribune when he mentioned the "ruthless" Fox News hosts.

Continue reading...

Legendary Rocker Cancels the Rest of His 2022 Tour Dates: 'Doctor's Orders'

Representatives for legendary rocker Jimmy Buffett have announced that the rest of his 2022 tour will be canceled due to "doctor's orders" due to an undisclosed illness.

In a message posted on Twitter, the 75-year-old Buffett announced the “Life on the Flipside-Redux” tour will end prematurely.

Continue reading...

Visa Caves on Flagging Guns and Ammo Sales

Visa Inc. has caved to gun control activists and will now flag purchases made for guns and ammo sales. They will now separately categorize sales that happen at gun shops.

Just months ago, Robert B. Thomson III, a senior vice president of Visa, said the company believes "asking payment networks to serve as a moral authority by deciding which legal goods can or cannot be purchased sets a dangerous precedent."

Continue reading...

Embalmers Reporting Strange Finding in Bodies Since Start of COVID Vaccine

Embalmers have been reporting on a recent emergence of strange "fibrous" clots in many of their cases. This has started happening since the beginning of the COVID-19 vaccines.

The Epoch Times has reported spike proteins are possibly causing the clots in the body. Some believe vaccinations are causing these clots.

Continue reading...

Kamala Harris Stuns Everyone When She Announces an Alliance the United States Has

Americans were shocked when they heard Kamala Harris announce an alliance the United States has with North Korea.

On Thursday Harris made a stop at the Demilitarized Zone (DMZ) that divides North Korea and South Korea. While making remarks she completely confused onlookers when she mentioned the United States has a “strong alliance” with “the Republic of North Korea.”

Continue reading...

What 70% of Americans Are Being Forced to Do Proves a Red Wave is Coming in November

A desperate Joe Biden scheduled a meeting Monday with his "competition" council to discuss what his administration can do to battle inflation. According to a CNBC report, 70% of Americans are looking for a second job so there's a good chance they missed the report.

Continue reading...