Current:Home > ScamsNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -Wealth Evolution Experts
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-14 02:31:34
Netflix is phasing out its lowest-priced ad-free subscription plan in the U.S., which could drive more viewers to its cheaper ad-supported plan.
The Los Gatos, California-headquartered streaming giant said Thursday in a letter to shareholders that it would be phasing out the basic ad-free plan – which had cost $11.99 monthly – in the U.S. and France. The company had previously dropped the basic plan in the U.K. and Canada.
The basic plan is not displayed as an option for U.S. subscribers on its Plan and Pricing page for U.S. customers. The company quit offering the basic plan for new subscribers in July 2023, but allowed basic plan customers to remain on the subscription so long as they didn't cancel or change plans.
Other Netflix plans include a $6.99 monthly option with ads, a $15.49 monthly standard HD video quality plan (no ads) and a $22.99 premium Ultra HD plan (no ads).
Netflix, which began offering a "standard with ads" tier in November 2022, said the plan's "attractiveness" led to a 34% increase in ad-supported subscriptions from the prior quarter. The company reported a record 277.65 million subscribers across all tiers in the second quarter, up 16.5% year-over-year.
Netflix subscribers in the U.S. and in France who are currently on the Basic plan will have to choose a new plan, the company said in a statement to USA TODAY. Those members impacted will get an email starting today, the company said.
Even without the basic, ad-free offering, Netflix represents "a very strong offering for our members," when you consider the $6.99 monthly ad-supported option, said co-CEO Greg Peters, during a videoconference about the company's second quarter performance Thursday.
"Essentially, we're providing them a better experience: two streams versus one. We've got higher definition. We got downloads. And, of course, all at a lower price," he said. "And for members who don't want that ads experience, they, of course, can choose our ad-free Standard or Premium plans."
The company reported its third consecutive quarter of double-digit revenue growth, with $9.56 billion in revenue in the second quarter of 2024, up 16.8% over the same quarter in 2023.
Netflix added more than 8 million subscribers in the second quarter, benefiting from the return of series such as "Bridgerton," and "Baby Reindeer" and the live event "The Roast of Tom Brady," as well as a password-sharing crackdown.
What Netflix plans are there?
- Standard with ads ($6.99 monthly): Watch in Full HD on 2 supported devices at a time and download on 2 supported devices at a time
- Standard plan ($15.49 monthly): Watch in Full HD and download videos on 2 supported devices at a time (option to add 1 extra member who doesn't live with you for $7.99 monthly).
- Premium plan ($22.99 monthly): Watch in Ultra HD (4K) quality on 4 supported devices at a time and download on 6 supported devices simultaneously; Option to add up to 2 extra members who don't live with you for $7.99 monthly).
Netflix adds 8 million new subscribers
Total number of subscribers grew to more than 277.6 million, an increase of 16.5%, the company said. Netflix forecast lower subscriber additions in the current quarter (July-Sept.) than in the same period last year, when the streaming company added more than 8.7 million.
Back in April, the company announced it planned to stop reporting membership numbers in 2025.
In after-hours trading, Netflix shares initially dipped 2%.
Netflix will begin the launch of monthly video game releases including one based on "Emily in Paris," later this month. Coming later this year, a multiplayer game based on "Squid Game."
Follow Mike Snider on X and Threads: @mikesnider & mikegsnider.
What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day
veryGood! (56)
Related
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Officials honor Mississippi National Guardsmen killed in helicopter crash
- Massachusetts governor faults Steward Health Care system for its fiscal woes
- Military families brace for another government shutdown deadline
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- David Sedaris on why you should dress like a corpse
- Deleted texts helped convince jurors man killed trans woman because of gender ID, foreperson says
- Wendy Williams documentary deemed 'exploitative,' 'disturbing': What we can learn from it.
- Highlights from Trump’s interview with Time magazine
- Michigan man gets minimum 30 years in prison in starvation death of his disabled brother
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Police in small Missouri town fatally shoot knife-wielding suspect during altercation
- Score 75% off a Coach Bag, 60% off Good American Jeans, Get a $55 Meat Thermometer for $5, and More Deals
- A shooting claimed multiple lives in a tiny Alaska whaling village. Here’s what to know.
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- What time do Michigan polls open and close for the 2024 primary? Key voting hours to know
- Florida Man Games: See photos of the the wacky competitions inspired by the headlines
- Ricki Lake Reveals Body Transformation After 30-Pound Weight Loss
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
Explosive device detonated outside Alabama attorney general’s office
Shannen Doherty Shares How Cancer Is Affecting Her Sex Life
Primary apathy in Michigan: Democrats, GOP struggle as supporters mull whether to even vote
Retirement planning: 3 crucial moves everyone should make before 2025
Police ID suspects in killing of man on Bronx subway car as transit officials discuss rising crime
What The Bachelor's Joey Graziadei Wants Fans to Know Ahead of Emotional Season Finale
William H. Macy Shares Rare Update on Life With Felicity Huffman and Their Daughters