"Netflix Phases Out Basic Ad-Free Plan, Hinting at Price Increases"

1 min read
Source: Dark Horizons
"Netflix Phases Out Basic Ad-Free Plan, Hinting at Price Increases"
Photo: Dark Horizons
TL;DR

Netflix plans to retire its 'Basic' ad-free tier and phase it out for existing subscribers, instead offering a Standard with Ads plan with more streams and higher resolution at a lower effective price. The company reported significant growth in ad-tier membership and intends to drive further growth through potential price hikes and a crackdown on password sharing, while also investing in TV, film, game content, and live events like the recently announced WWE deal.

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