Watch New movies on Netflix, Company is preparing to bring new subscription plans

Written by Anil Patil, Published on May 11, 2022 5:51 pm, GMT+0530

Watch New movies on Netflix, Company is preparing to bring new subscription plans

Netflix has faced a big drop in its revenue some time back. In which the company has also lost several lakh users. The company is working on new measures to increase its revenue. The decrease in revenue has given many reasons for the company, one of which is password sharing. The company is planning to crack down on password sharing earlier and introduce ad-supported subscription plans which are expected to be cheaper than other plans. Now a new report suggests that Netflix may introduce a cheaper ad-supported subscription plan as well as charge separately for people sharing passwords by the end of this year.

Netflix subscription plans currently do not support ads. This is one of the primary reasons that they are not so cheap. Dealing with ads may not be easy, but if you’re getting the same content at a cheaper cost, then it won’t hurt to look for some ads.

As the New York Times reports, Netflix’s ad-supported subscription plans will arrive sooner than their originally planned. The report said that company executives were informed via an email that Netflix is ​​now targeting to launch its ad-supported plan in the last three months of 2022. The action on sharing the password is also expected to start at the same time.

Earlier, Netflix had shared the details of the reasons for the decline in revenue. Massive password sharing, competition with other streaming giants and the ongoing Russia-Ukraine feud could have generated more revenue than ever before. Hastings announced that the company is now cracking down on password sharing.

This is the reason why there has been a loss of 2 lakh subscribers. Seeing this, the company will now start the process of making additional payments to share the account between the users of Chile, Costa Rica and Peru. The same strategy will be applicable in markets including India.