Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Netflix's New Ad-Based Tier Could Be a Genius Long-Term Move

TheMotleyFool

0 0

Netflix's New Ad-Based Tier Could Be a Genius Long-Term Move: https://g.foolcdn.com/editorial/images/691622/couple-watching-tv-streaming-netflix_AaOJCbB.jpg

Netflix (NASDAQ: NFLX) is working on a lower-cost, ad-supported tier that is widely expected to launch in early 2023. The move follows years of Netflix dismissing such an idea, with founder and co-CEO Reed Hastings noting in the past he was against the added complexity of an ad-based offering.

However, having lost a chunk of subscribers this year, the streamer has to do something to reignite growth. Fortunately for the streaming service, its upcoming ad-supported tier could have just the right limitations to do exactly that.

Image source: Getty Images.

Source Fool.com

Like: 0

NFLX

Share