{"id":142867,"date":"2023-11-01T17:35:35","date_gmt":"2023-11-01T17:35:35","guid":{"rendered":"https:\/\/celebrity-hub.com\/?p=142867"},"modified":"2023-11-01T17:35:35","modified_gmt":"2023-11-01T17:35:35","slug":"netflix-subscriptions-for-ad-tier-service-have-tripled-in-5-months","status":"publish","type":"post","link":"https:\/\/celebrity-hub.com\/world-news\/netflix-subscriptions-for-ad-tier-service-have-tripled-in-5-months\/","title":{"rendered":"Netflix subscriptions for ad-tier service have TRIPLED in 5 months"},"content":{"rendered":"
Netflix has seen a massive jump in subscribes of its ad-based subscription with 15 million users now willing to bear a few commercials to save some bucks.\u00a0<\/p>\n
The streaming platform celebrated the one-year anniversary of their ad-tier option with a celebratory blog post – where they revealed their subscribers have grown exponentially since they rolled out the more affordable option.<\/p>\n
Amy Reinhard, the newly appointed head of advertising at the $180-billion-company, announced Netflix has 15 million global monthly active users on the tier – up from the 5 million they boasted in May.<\/p>\n
The three-fold increase over just five months suggested that users are more open to the platform – which first began streaming in 2007 – now that there is a more affordable option.\u00a0\u00a0<\/p>\n
The news has been welcomed on Wall Street with Netflix stock up more than a percent by midday Wednesday – now sitting at $416.22.<\/p>\n
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Netflix introduced its ad-supported plan one year ago and has already seen a huge increase in subscribers<\/p>\n
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There are now 15 million users on the ad-based tier compared to just 5 million in May. The company made the announcement in celebrating a year since the tier was offered\u00a0\u00a0<\/p>\n
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In an earnings report, the streaming giant revealed its ad-supported offer was gaining popularity with the number of members increasing nearly 70 percent in the quarter<\/p>\n
‘We have built an incredible foundation, focusing on areas advertisers told us matter most, all while delivering unmissable entertainment at an unbeatable value,’ Reinhard said<\/p>\n
Compared to Netflix’s premium plan, which is $22.99 a month, and the standard plan, which is $15.49 a month – the ‘standard with ads’ option is just $6.99 a month.<\/p>\n
The ad-tier plan includes standard features – such as full HD and two-device watching – but with around four minutes of ads per hour of watch time.<\/p>\n
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Amy Reinhard (pictured), the newly appointed head of advertising at the $180-billion-company, announced Netflix has 15 million global monthly active users on the tier – up from the 5 million they boasted in May<\/p>\n
The standard option allows subscribers to enjoy unlimited movies, TV shows and mobile games ad-free in full HD on two supported devices – with the option to add one extra member who doesn’t live in the same household.<\/p>\n
Netflix’s premium plan offers all of the same perks with four supported devices at a time, ultra HD, downloads on up to six devices at a time, Netflix spatial audio and the option to add two extra member swho don’t live with the primary subscriber.\u00a0<\/p>\n
The extra member slots offered on the standard and premium-tier plans cost $7.99 each month.<\/p>\n
In Reinhard’s blog post, she said: ‘One year ago we launched Netflix\u2019s ad-supported plan. We have built an incredible foundation, focusing on areas advertisers told us matter most, all while delivering unmissable entertainment at an unbeatable value.<\/p>\n
‘As we continue to build and adapt our service, we\u2019re excited about the progress we\u2019ve made and that we now reach 15 million global monthly active users.<\/p>\n
The head of marketing described their advertisement options: ‘(We) are offering additional ad products and features. After starting with :15 and :30 second ads, we can now run :10, :20, and :60 second ads globally \u2014 offering clients around the world multiple formats to leverage.’<\/p>\n
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The streaming giant, led by co-CEOs Greg Peters and\u00a0Ted Sarandos (pictured), saw its number of users grow by more than 10 percent to 247 million in the recently ended third quarter<\/p>\n
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‘As we continue to build and adapt our service, we\u2019re excited about the progress we\u2019ve made and that we now reach 15 million global monthly active users,’ Reinhard said\u00a0<\/p>\n
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The ad-based subscription plan includes advertisements before and during TV shows and movies, but for a lower price than its original ad-free service Pictured: Cast from its award-winning series Orange is the new Black\u00a0<\/p>\n
The increase in ad-based users comes as Netflix cracked down on account sharing to boost its dwindling fortunes by forcing freeloaders to\u00a0pay for their own accounts.<\/p>\n
Under rules brought to 103 countries including the US and UK\u00a0in May – people who were watching Netflix under someone else’s account had to create and pay for their own logins.\u00a0<\/p>\n
Password sharing is a habit adopted by Netflix users of distributing their password to other people who live outside their household.<\/p>\n
This lets these so called ‘freeloaders’ access their account, create their own profile and watch films and TV shows without paying a penny.<\/p>\n
Netflix introduced their new policy in a bid to shore up revenue after a rough period.\u00a0<\/p>\n
It has complained that more than 100 million households were sharing accounts.\u00a0<\/p>\n
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Compared to their premium plan, which is $22.99 a month, and the standard plan, which is $15.49 a month – the ‘standard with ads’ option is just $6.99 a month Pictured: Cast from Netflix hit Stranger Things\u00a0<\/p>\n
A government agency warned that giving out your login details for streaming services to other people is against the law.<\/p>\n
Watching shows on Netflix, Amazon Prime and Disney+ without paying the relevant subscription breaks copyright law, the Intellectual Property Office said.<\/p>\n
In mid-October, the streaming giant saw its number of total users grow by more than 10 percent to 247 million in the recently ended third quarter.\u00a0\u00a0<\/p>\n
In an earnings report, the streaming giant revealed\u00a0its ad-supported offer was gaining popularity with the number of members increasing nearly 70 percent in the quarter.<\/p>\n
The company reported a profit of $1.68billion on revenue of $8.5billion in the quarter, beating market expectations with its earnings figures.\u00a0<\/p>\n