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Netflix reportedly testing cheaper plans as it seek more subscribers

Netflix might examination new small-price tag ideas in particular locations.

The preferred streaming provider ideas to experiment with a less costly model in some areas to consider to increase product sales, Netflix CEO Reed Hastings claimed in Bloomberg write-up Monday. Reed didn’t reveal when or where the company will test these cheaper plans.

Netflix has more than 137 million subscribers worldwide, and the firm’s global subscriber foundation amplified five.87 million users to 78.64 million in a person quarter, in accordance to Netflix’s 3rd-quarter final results.

The streaming provider is wanting to grow in Asia for new clients, in accordance to Bloomberg. Netflix introduced 17 new shows from 5 Asian nations around the world past 7 days.

Netflix will not prepare to decreased the selling price of its least expensive tier, which commences at $seven.99 in the US, in accordance to Bloomberg. As a substitute, it’s going to examination new ideas that supply distinctive options and price tag significantly less.

Netflix did not straight away react to a ask for for remark.

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