• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Business

Netflix To Launch Streaming With Ads Sooner Than Expected

Olagoke Ajibola by Olagoke Ajibola
May 11, 2022
Share on FacebookShare on Twitter

Also On TechBooky

Elon Musk Lost $200b Of His Net Worth In About A Year

Apple To Let Developers Charge Up to $10,000 For Apps

St. Petersburg Businessman Andrey Berezin Created A System Of Saving Companies From Bankruptcy

Here Is Why Every Business Needs Digital Marketing

Crypto Firm, FTX Files For Bankruptcy, AS CEO Bankman Resigns After SEC Probe

Why Netflix May Add Ads

It’s been almost a month since the global video streaming platform – Netflix hinted to the public about plans to crack down on password sharing. The streaming platform attributes the decision as a result of the slow revenue growth as a number of competitors have joined the video streaming space. Netflix was already talking about pushing people who share their account logins to pay more.

For the first time in more than a decade, Netflix records a loss of about 200,000 paid subscribers in the first quarter to competitors like Disney, Warner Bros. Discovery, Paramount Global, NBC, Universal, Apple TV+ and a host of others. It is estimated that by the completion of the second quarter, the company would have lost a total of 2 million more subscribers. According to reports, the company is looking at accelerating its schedule on initiatives to turn things around.

Asides from the crackdown on password sharing, the company is also focused on introducing ad-supported streaming. According to Netflix Co-CEO Reed Hastings, who some time ago hinted that the company will look into the option and will “try to figure out over the next year or two” has recently changed his tune on ad-supported streaming. Hastings admits that introducing an ad-supported tier would be a big change in thinking for the company, claiming he’s historically been “against the complexity of advertising and a big fan of the simplicity of subscription.” A recent note to employees said executives are now aiming to introduce the ad tier at some point in the last three months of 2022, with a crackdown on password sharing starting within the same period. The ad tire according to Hasting may be “quite open to offering even lower prices with advertising, as a consumer choice.”

In March, one of the streaming platforms, Disney Plus reveals its plan to introduce ad-supported streaming in March. While questions like “how long would it take for others to follow?” after the announcement by Disney Plus came to mind, it didn’t take so long before we got the answer. Reports say the majority of Netflix’s streaming competitors, with the exception of Apple TV Plus, either offer or have announced ad-supported streaming tiers. With the new plan, reports say the streaming giant is able to close a gap of an extra 10 to 20 million customers in the US.

All of these changes also arise at a period when Netflix subscriptions have suddenly become more expensive. The most recent price hike raised the monthly subscription of its standard HD streaming plan to $15.49 per month, while its premium tier with 4K and four simultaneous streams now costs $19.99 in the US. Rumors say the price increase will move to other countries in a matter of time.

Related Posts:

  • Netflix’s Ad-Supported Tier May Have Commercial-Free Content
    Netflix’s Ad-Supported Tier May Have Commercial-Free Content
  • Netflix’s Ad-Supported Tier Reportedly Kicks-Off On A Slow Start
    Netflix’s Ad-Supported Tier Reportedly Kicks-Off On A Slow…
  • Streaming: Here's Everything Coming To Netflix This May
    Streaming: Here's Everything Coming To Netflix This May
  • Survey Reveals That Netflix Is Losing More Long-Term Subscribers
    Survey Reveals That Netflix Is Losing More Long-Term…
  • Netflix Game Starts Global Roll Out For Android, iOS Is Coming Soon
    Netflix Game Starts Global Roll Out For Android, iOS Is…
  • 99% Of Netflix Subscribers Haven’t tried Its Games Yet
    99% Of Netflix Subscribers Haven’t tried Its Games Yet
  • Netflix Rollout New Website To Host News, Exclusive Interviews & More
    Netflix Rollout New Website To Host News, Exclusive…
  • Squid Game Will Be Worth Up To $900 Million, Netflix Estimates
    Squid Game Will Be Worth Up To $900 Million, Netflix…
Tags: Ad-supportedappbusinessCompanynetflixsmartphonestreamingvideoswebsite
Olagoke Ajibola

Olagoke Ajibola

Olagoke Ajibola is a creative writer and content producer with an eye for details and excellence. He has a demonstrated history of telling stories for TV, Film and Online. Aside from being fascinated by the power of imagination, his other interest are travel, sport, reading and meeting people.

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

Loading

Recent

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023
Tesla Cybertruck Mass Production Won’t Start Until 2024

Tesla Cybertruck Mass Production Won’t Start Until 2024

January 27, 2023
Apple Reportedly Delays Development Of Its Own WiFi Chips

Apple Reportedly Delays Development Of Its Own WiFi Chips

January 27, 2023
Google Commits To Complying With EU Laws On Its Services

Google Commits To Complying With EU Laws On Its Services

January 27, 2023
Airtel Launches Its eSIM Technology In Nigeria

Airtel Launches Its eSIM Technology In Nigeria

January 27, 2023

Browse Archives

February 2023
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728 
« Jan    

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 24 other subscribers.

Receive top tech news directly in your inbox

Loading

Popular Tags

AI (255) amazon (95) android (281) app (610) Apple (473) artificial intelligence (268) business (342) china (113) cloud (135) cryptocurrency (158) ecommerce (109) enterprise (240) facebook (472) gadget (448) gaming (160) google (546) government (383) guest post (108) instagram (137) internet (352) ios (249) iphone (210) microsoft (261) mobile (281) new feature (287) nigeria (278) privacy (135) research (134) samsung (139) security (375) smartphone (235) social media (671) software (416) startup (269) streaming (140) telecom (157) tips (340) transport (104) twitter (217) united states (191) users (132) videos (115) website (160) whatsapp (129) youtube (106)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

Popular Post

  • Trending
  • Comments
  • Latest
Download Free Editable Resume Templates – Word / Docx – 2022

Download Free Editable Resume Templates – Word / Docx – 2022

July 25, 2022
The Best Free PC Games

The Best Free PC Games

July 29, 2022
Recover Permanently Deleted Emails From iCloud Manually

Recover Permanently Deleted Emails From iCloud Manually

March 5, 2022
Resume and Cover letter Templates for free

Resume and Cover letter Templates for free

July 25, 2022
[Fixed] “Outlook Running Slow Windows 10” Issue

[Fixed] “Outlook Running Slow Windows 10” Issue

February 12, 2020
How is Technology Changing Our Definition of What It Means to Be a Human?

How is Technology Changing Our Definition of What It Means to Be a Human?

April 1, 2018
Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023

Recent News

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite