Netflix is lowering subscription prices worldwide, but there is no discount for US members. The streaming platform is offering price cuts in over 100 international markets and has seen price cuts in over 10 million accounts.
Markets experiencing price reductions include Latin America, Middle East, North Africa, Central and Eastern Europe, Asia Pacific, Sub-Saharan Africa (You can see the full list here). A subscriber at these locations sees the cost of basic membership drop in the range of 20% to 60% of his. New and existing members will see the price drop reflected in their accounts immediately, according to the company. hollywood reporter.
The more than 10 million accounts impacted by the price cut represent approximately 4% of Netflix’s global subscriber base of approximately 230 million.
Research firm Ampere Analysis said in a note The move will have a negative impact on Netflix’s average revenue per user. However, the research group says that price cuts may lead to an increase in new subscribers. Netflix is booming right now, and in 2022 he will have a profit of $4.49 billion.
In the US, Netflix has raised prices in 2022 and launched a new ad-based tier. Netflix is also rolling out changes to password sharing, including new fees.
For more, check out GameSpot’s overview of all Netflix original movies coming to the service in 2023 in the gallery below.
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