Netflix Canada Bids Farewell To 'Basic' Plan: Here's How Much You'll Have To Pay For Other Options
Portfolio Pulse from Benzinga Newsbot
Netflix Canada is phasing out its $9.99 basic ad-free subscription option, leaving new subscribers to choose between an ad-supported tier at C$5.99 or ad-free options starting at C$16.49 per month. The change comes after Netflix tested its password-sharing crackdown in the Canadian market.
June 26, 2023 | 3:33 am
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Netflix Canada's elimination of the basic ad-free subscription option may impact Netflix's subscriber growth and revenue in the short term.
The elimination of the basic ad-free subscription option in Canada may lead to a short-term impact on Netflix's subscriber growth and revenue. While some new subscribers may opt for the ad-supported tier or higher-priced ad-free options, others may be deterred by the lack of a lower-cost ad-free option. However, the overall impact on Netflix's stock price is uncertain, as the company continues to adjust its strategies to maintain and grow its subscriber base.
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