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Stockreport

Netflix axes its cheapest ad-free plan in the UK and Canada, giving users deadlines to upgrade [Business Insider]

Netflix, Inc. (NFLX)  More Company Research Source: Business Insider
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Co-CEO Greg Peters said the price hikes are intended to help pay for a wider range of content. As with even the most bingeable series, all good things must come to an end. So it goes with the demise of Netflix's lowest-priced ad-free plan, as users of the Basic tier in the UK and Canada report receiving deadlines to upgrade to a higher-cost option or accept ads. A Canadian user posted a photo on Reddit Monday of their TV with the message: "Your Basic plan has been discontinued, but you can easily switch to a new one. Plans start at just $5.99 with upgraded features." Related stories That starting price is for the new Standard with ads tier in Canada, while the option without ads costs $16.49, replacing the Basic plan, which costs $9.99. Previously, a user in the UK quipped, "Joke's on you, Netflix, I choose to save 100% on my new plan," in response to a similar message touting 35% savings with the ad-supported plan. Netflix stopped offering its Basic plan to new and ret [Read more]

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Stockreport

Netflix axes its cheapest ad-free plan in the UK and Canada, giving users deadlines to upgrade [Business Insider]

Netflix, Inc.  (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Co-CEO Greg Peters said the price hikes are intended to help pay for a wider range of content. As with even the most bingeable series, all good things must come to an end. So it goes with the demise of Netflix's lowest-priced ad-free plan, as users of the Basic tier in the UK and Canada report receiving deadlines to upgrade to a higher-cost option or accept ads. A Canadian user posted a photo on Reddit Monday of their TV with the message: "Your Basic plan has been discontinued, but you can easily switch to a new one. Plans start at just $5.99 with upgraded features." Related stories That starting price is for the new Standard with ads tier in Canada, while the option without ads costs $16.49, replacing the Basic plan, which costs $9.99. Previously, a user in the UK quipped, "Joke's on you, Netflix, I choose to save 100% on my new plan," in response to a similar message touting 35% savings with the ad-supported plan. Netflix stopped offering its Basic plan to new and ret [Read more]

IMPACT SNAPSHOT
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NFLX
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Price Change %
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
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Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS