Netflix is getting cheaper but there's a catch

EntertainmentStreamingNetflix is getting cheaper but there’s a catchThe move for a cheaper Netflix plan comes after the platform lost 200,000 subscribersWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.

The move for a cheaper Netflix plan comes after the platform lost 200,000 subscribers

When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.

(Image credit: Netflix)

Netflix logo colours

(Image credit: Netflix)

Netflixis set to offer a cheaper subscription plan in a new shakeup to help keep people in its entertainment ecosystem.

The decision looks to have been made as a result of the platform losing 200,000 subscribers within the first three months of 2022 – the first time it has lost subscribers in over a decade.

Additionally, it’s to further helpNetflixto compete with increased competition on the market, such asDisney Plus,Amazon PrimeVideo, Hulu, HBO Max,Apple TVPlus, Britbox, and more.

“Those who have followed Netflix know that I have been against the complexity of advertising, and a big fan of the simplicity of subscription,” said Hastings. “But as much as I am a fan of that, I am a bigger fan of consumer choice. And allowing consumers who would like to have a lower price – and are advertising-tolerant – get what they want, makes a lot of sense.” He added: “It is pretty clear that it is working for Hulu, Disney is doing it, HBO did it. We don’t have any doubt that it works”.

TheNetflix standard planis currently priced at $15.49 / £10.99 / AU$16.99 per month, a rise in cost that was made effective in March this year. A slightly cheaper basic plan for fewer devices and a slightly higher price for more devices and Ultra HD is available as well.

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These price hikes become even more frustrating for viewers when Netflix keeps cancelling its original content, with over half a dozenNetflix shows already cancelled in 2022. Whether or not adverts would help these series receive a longer life span is yet to be determined, though I’m dubious.

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