Big news for Netflix users, Subscription Plans Cost Reduced Up To 50%, See Latest Update

Arpa Times February 26, 2023

Netflix Plans : Netflix has made customers happy by reducing the price of its subscription plans by up to 50% in more than 100 countries. The company has done this mostly in low-income areas. Now Net Flix users are in for a treat. Netflix said that it has decide to reduce the prices of its subscription plans in some countries. The company is looking to retain its existing customers amid stiff competition and rising consumer spending. The company plans to spend more to increase the number of new customers in its network.

Netflix Plans : Cheap Plans in These Countries

Netflix has reportedly slashed the prices of plans in several countries. Including Egypt, Yemen, Jordan, Libya, Iran, Kenya, Croatia, Slovenia, Bulgaria, Nicaragua, Ecuador, Venezuela, Malaysia, Indonesia, Vietnam, Thailand, and the Philippines. Let us also tell you that earlier this month, Netflix planned to crack down on the sharing of passwords for accounts on its streaming platform.

A few months ago, Netflix had reduce the price of the plans because the company was not growing in India. Netflix added nearly 7.6 million subscribers in the fourth quarter, compared to Paramount+ and Disney+ in the first half of 2022, according to records.

Netflix Operates in More Than 190 Countries

This has made customers happy by reducing the price of its subscription plans by up to 50% in more than 100 countries. For information, let us know that Netflix operates in more than 190 countries. With saturation in the US and Canada markets, Netflix is looking to increase its share in new international territories. The company’s stock fell nearly 5% in Thursday’s trading, according to media reports. This was the company’s worst performance in more than two months.