04:38:50 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Netflix CDR (CAD Hedged)
Symbol NFLX
Shares Issued 2,200,000
Close 2024-01-25 C$ 22.31
Market Cap C$ 49,082,000
Recent Sedar Documents

FP/wire say Netflix ending its ad-free "basic" plan

2024-01-26 07:51 ET - In the News

Also In the News (C-AMZN) Amazon.com CDRs (CAD Hedged)

The Financial Post reports in its Friday, Jan. 26, edition that Netflix is putting the final stake in its cheapest, ad-free "basic" plan in Canada. A Canadian Press dispatch to the Post reports that after announcing last year that it would no longer offer the $9.99 plan to new or returning subscribers, the streaming giant is phasing out the price level entirely for users who were grandfathered into the plan. "Basic" subscribers will now need to choose whether to downgrade to a $5.99 plan that includes commercial interruptions -- and most of the Netflix catalogue -- or pay more for the no-ads plans that start at $16.49 per month. Netflix told investors in its quarterly financial report on Tuesday that it will eliminate the basic plan first in Canada and the United Kingdom between April and the end of June. The latest move comes as Netflix looks to push more subscribers to its ad-supported plans. Most of the biggest streaming platforms have recently adopted a similar strategy. Amazon's Prime Video will begin showing commercials on its streaming service in Canada starting on Feb. 5. It will give subscribers an option to "opt-out" by paying more to remove the commercial breaks.

© 2024 Canjex Publishing Ltd. All rights reserved.