Netflix Just Stole Disney's Thunder With This Move
Netflix (NASDAQ: NFLX) has revealed launch details for its new, ad-supported tier. Dubbed Basic with Ads, it will be priced at $6.99 per month and be available Nov. 3 for U.S. consumers. The plan is also being introduced in several other markets early next month, including Canada, Mexico, the U.K., and Japan.
Here's why this announcement could undermine the rollout of an ad plan from streaming rival Walt Disney's (NYSE: DIS) Disney+.
Netflix initially announced plans for an ad-supported tier in April 2022, following its poor fiscal 2022 first-quarter results in which it revealed it had lost subscribers for the first time in more than a decade.
Source Fool.com
