Connect with us

Hi, what are you looking for?

Financial Source ReportFinancial Source Report

Tech News

Netflix used to not have ads, now it’s ‘celebrating’ two years with them

An illustration of the Netflix logo.
Illustration by Nick Barclay / The Verge

Netflix’s subscription plan with ads has reached a new milestone: it hit 70 million monthly users since its launch two years ago. That’s a big jump compared to the 40 million monthly ad-supported users Netflix reported in May.

Additionally, the streaming service said that the ad-supported plan accounted for 50 percent of all new signups in countries where it’s available. Netflix rolled out its ad-supported tier in the US, Australia, Brazil, the UK, Canada, France, Germany, Japan, and others in November 2022.

It’s no surprise that the ad-supported plan has seen such growth, as the streamer has started nudging users toward the $6.99 per month option by discontinuing its cheapest ad-free tier. The company has also started to build out the…

Continue reading…

You May Also Like

Editor's Pick

The “Magnificent 7”, comprised of Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Meta Platforms (META), Amazon.com (AMZN), Alphabet (GOOGL), and Tesla (TSLA) have carried the...

Tech News

Three advocacy groups are trying to amp up the pressure on Google for allegedly destroying company records. The American Economic Liberties Project, Check My...

Tech News

It’s time to dust off your VCR and clean the heads, because Alien: Romulus is coming to VHS as a limited edition on December...

Editor's Pick

Romina Boccia Ida May Fuller, the first person to receive a Social Security check, worked for just three years before receiving her first benefit...

Copyright © 2023 FinancialSourceReport.com All Rights Reserved.