Netflix say NO to Cryptocurrency – Katoch Tubes

NO Crypto  say Netflix

What's the news?

Netflix is introducing a new ad-supported plan to attract new users at lower price point. It won't support gambling or  crypto ads 

Following Disney+

The ad-supported model is similar to its rival Disney+ which runs ads on lower tier. Users have to pay more to get ads free OTT subscription.

The price range

The ad-supported tier will be priced around $7- $9. Users will be shown ads  but will pay less under  this subscription model

Expected launch Date?

The plan is scheduled to go live in early next year but pushed back to December 8 by Netflix management.

Netflix Against Crypto?

In a statement, Netflix has clarified that due to lack of regulations around the industry, it has decided  to ban crypto ads on the platform. No hard feelings

The Ads Saviour

Netflix has lost 200,000 subscribers in Q1 & 970,000 in Q2. This plan will help it onboard price sensitive subscribers with high ad revenue.

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