Cheap Netflix with ads could launch next year

Netflix CEO Reed Hastings gave a little more detail about plans for a new version of the service with ads during an investor call after the release of the financial report. Such a version could be available as early as next year.

Those who have followed Netflix know that I’m against the complexity of advertising and am a big fan of the simplicity of subscriptions. I’m a big fan of consumer choice. I want to let users who would like a lower price and tolerate advertising get what they want.


Reed Hastings


According to Reed Hastings, the company will be working on a new version of Netflix’s streaming service with ads over the next year or two.

We previously reported that Netflix reported a loss of 200,000 customers in the first quarter and now expects to lose 2 million subscribers this quarter. The company’s stock is down 26% and its market capitalization is down $40 billion.

Total
0
Shares
Previous Post

Snapdragon 8 Gen 1, 120 Hz, optical stabilization and 80W for $437. Affordable flagship iQOO Neo 6 went on sale in China

Next Post

6000 mAh, 50 MP, a lot of memory and a big screen inexpensively. Redmi 10 Power – the fresh monster of autonomy from Xiaomi was presented

Related Posts