Netflix Base Plan: Keeping in mind the strategy of increasing revenue, Netflix is planning to discontinue its basic plan in some countries, starting with Canada and UK.
Netflix Base Plan: Netflix plans to discontinue its lowest-priced “Basic” plan without Netflix in Canada and the UK. The company has released its latest income report for Q4 2023. Its ad-supported scheme accounts for 40 percent of all Netflix sign-ups in markets with ads. Now in an effort to further increase its revenue, the company is preparing to discontinue its basic plan in some countries. The company may close it completely by the second quarter of 2024.
What is the company’s preparation?
The Netflix Basic plan initially cost $10 or £7, but the company raised the price to $12 or £8 in October. It has also made the basic plan unavailable to new customers since last July. However, the company is not planning to increase prices now; Instead, it’s removing its plan entirely for all new and old customers, leaving them with either a more expensive ad-free plan (starting at $16.49 or £11 per month) or a cheaper plan with ads. ($6 or £5 per month) is the only option left to choose from.
What is Netflix
Netflix is a subscription-based video streaming platform which is considered best for watching movies and TV shows. It is available in more than 200 countries and regions around the world. Netflix allows users to stream the content of their choice, it can be used on smartphones computers, smartphones, tablets, smart TVs, and other devices.
How to use the service
To use Netflix, users need to purchase a subscription and create an account. Once the account is created, users can sign in and start watching the content of their choice.
