Current:Home > ScamsNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -AssetLink
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-18 02:51:26
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! (639)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Kaitlyn Bristowe Suffers Panic Attack and Misses People's Choice Country Awards Red Carpet
- Trump drops bid to move Georgia election case to federal court
- 3-year-old boy shot dead while in car with his mom
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- The leader of Spain’s conservatives makes a 2nd bid to become prime minister
- How Wynonna Judd Is Turning My Pain Into Purpose After Mom Naomi Judd's Death
- Woman pleads guilty to calling in hoax bomb threat at Boston Children’s Hospital
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Reese Witherspoon's 'Love in Fairhope' follows Alabama singles in new take on reality TV
Ranking
- Tom Holland's New Venture Revealed
- Fossil fuel rules catch Western towns between old economies and new green goals
- Polish democracy champion Lech Walesa turns 80 and comments on his country’s upcoming election
- Black musician says he was falsely accused of trafficking his own children aboard American Airlines flight
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Spanish griffon vultures are released into the wild in Cyprus to replenish the dwindling population
- Scotland to get U.K.'s first ever illegal drug consumption room in bid to tackle addiction
- Indiana police fatally shoot a man after pursuing a suspect who followed a woman to a police station
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Florida teen who was struck by lightning while hunting with her dad has died
'Raise your wands:' Social media flooded with tributes to Dumbledore actor Michael Gambon
Man arrested in shooting at Lil Baby concert in Memphis
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Europe sweeps opening session in Ryder Cup to put USA in 4-0 hole
GOP senators sharply question Pentagon nominee about Biden administration’s foreign policies
How Travis Kelce and Taylor Swift Influenced the Condiment Industry