Prices reduced in Asia, Latin America, Europe, the Middle East, Africa; but not in North America, Western Europe
© NetflixEntertainment News Source Variety reported Friday that Netflix is cutting prices on its streaming plans in more than 100 countries and territories, including Asia, Latin America, Europe, the Middle East and Africa.
For example, Netflix confirmed that the Basic plan in the Philippines has dropped from ₱369 (about US$6.70) to ₱249 (about US$4.50) per month, and the Standard plan has dropped from ₱459 (about US$4.50). $8.35) to ₱399 (about $7.30). ) per month.
Variety said Netflix won’t lower prices in North America or Western Europe. The streaming service had implemented a price increase for subscription plans in the US and Canada in early 2022.
While Netflix did not release the full list of countries, research firm Ampere Analysis has reported the following list of affected countries: Afghanistan, Albania, Algeria, Angola, Bangladesh, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, British Indians Ocean Territory, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, Christmas Island, Comoros, Congo – Brazzaville, Congo – Kinshasa, Ivory Coast, Croatia, Cuba, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Fiji, Gabon, Gambia, Ghana, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Indonesia, Iraq, Jamaica, Jordan, Kenya, Kiribati, Laos, Lebanon, Lesotho , Liberia, Libya, Macedonia, Madagascar, Malawi, Malaysia, Mali, Mauritania, Mauritius, Mongolia, Montenegro, Morocco, Mozambique, Myanmar (Burma), Namibia, Nepal, Nicaragua, Niger, Palestinian Territories, Panama, Papua New Guinea, Paraguay, Philippines, Pitcairn Islands, Romania, Rwanda, Samoa, São Tomé & Príncipe, Senegal, Serbia, Seychelles, Sierra Leone, Slovenia, Solomon Islands, Somalia, South Sudan, Sri Lanka, St. Barthélemy , Saint Helena, Saint Lucia, Saint Martin, Saint Vincent and the Grenadines, Sudan, Suriname, Swaziland, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Tunisia, Tuvalu, Uganda, Vanuatu, Venezuela, Vietnam, Wallis and Futuna, Yemen, Zambia , and Zimbabwe.
Netflix rolled out its new password-sharing policy in test markets of Chile, Costa Rica, and Peru on February 5. Then, earlier this month, the company extended its new password sharing policy to Canada, New Zealand, Spain and Portugal.
Netflix announced in January that its “paid sharing” subscription options will be “more widely available” in the first quarter of 2023. The company has surpassed 230.75 million paid subscribers worldwide and added 7.66 million subscribers in the last quarter of 2022. The company has also appointed Greg Peters as co-CEO after co-founder and co-CEO Reed Hastings resigned from his post.
Netflix’s new ad-supported subscription tier, Basic with Ads, launched November 3 in the US, UK, Canada, Japan, Korea, Mexico, Brazil, Spain, France, Germany, Italy and Australia.
Source: Variety (Todd Spangler)