Netflix Subscription Prices Cut In Several Markets – The past few years have not been good for popular streaming company Netflix. The company saw one million subscribers leaving the platform, so it had to implement a special plan to support advertising for different geographies. Separately, Netflix has accused people who share their account passwords with friends as the reason they lose subscribers. Now, in another step to attract subscribers, Netflix has lowered the subscription price of its plans in some countries. Here’s everything you need to know about Netflix plan price cuts.
The recent years have not been good for the popular streaming company, Netflix. The company saw a million subscribers leaving its platform because of this it had to roll out a special ad-supported plan for various regions. Besides that, Netflix also blamed people sharing their account passwords with their friends as a reason for losing subscribers. Because of this, it introduced an anti-sharing password policy which received a lot of criticism.
Netflix Subscription Prices Cut In Several Markets
Netflix has lowered the price of its subscription plans in over 30 countries. The streaming giant has slashed its prices to attract more subscribers. Subscription plans are priced in Egypt, Yemen, Jordan, Libya, Iran, Kenya, Croatia, Slovenia, Bulgaria, Nicaragua, Ecuador and Venezuela, Malaysia, Indonesia, Vietnam, Thailand, Philippines, etc. Unfortunately, India is not yet on the list. Netflix tweeted about the price cut in Malaysia from its official Twitter account. The company said, “As of today, the basic plan in Malaysia costs RM28 per month for new and existing members.” Surprisingly, the plan costs RM35 per month in the country, which is around INR 653.
The streaming company’s recent price cuts span Middle Eastern countries including Yemen, Jordan, Libya and Iran; sub-Saharan African markets including Kenya; and European countries such as Croatia, Slovenia and Bulgaria. In Latin America, nations including Nicaragua, Ecuador, and Venezuela have seen reductions in subscription costs, as have parts of Asia including Malaysia, Indonesia, Thailand and the Philippines. The cuts apply to certain tiers of Netflix in those markets—in some cases halving the cost of a subscription.
Netflix Subscription Overview
| Brand | Netflix Subscription Prices Cut In Several Markets |
|---|---|
| Netflix Subscription | Check here |
| Category | Tech |
| Official Site | Click also |
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Netflix Reduces Plan Price in Several Countries Ahead of Introducing Password Sharing Restrictions
Netflix has lowered the price of its subscription plans in many countries, reports The Wall Street Journal. The report shows that popular streaming sites have lowered their plan prices in over 36 countries. The move comes after Netflix’s anti-sharing password policy went into effect. Netflix has reduced the price of plans by 50% in some selected regions. Click here for discounted countries. In the Middle East region, countries such as Yemen, Jordan, Libya and Iran will receive price cuts. In Sub-Saharan Africa, Kenya will be reduced. Croatia, Slovenia, and Bulgaria are European countries that will receive price cuts. In Latin America, Nicaragua, Ecuador and Venezuela have cut plans.
Finally, Asian countries such as Malaysia, Indonesia, Thailand, and the Philippines have seen price cuts on Netflix plans. Here is an image (via) that shows the list of countries receiving price cuts. Netflix spokeswoman Kumiko Hidaka confirmed that the company is “updating” pricing for its plans in “certain countries,” but a full list has yet to be made public. “We know members have never had so many choices when it comes to entertainment,” a Netflix spokesperson said, adding that the company is committed to providing an experience that exceeds expectations. According to the report, popular markets such as the US, UK, Canada, France, Spain, Germany, Mexico and Brazil will not receive price cuts from Netflix. This suggests that Netflix wants to acquire more users from different regions.
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Netflix subscription getting cheaper in some regions
As reported by The Wall Street Journal (via The Verge), Netflix has announced that it’s reducing subscription prices in more than 30 countries. This includes Yemen, Jordan, Libya, Iran, Kenya, Croatia, Slovenia, Bulgaria, Nicaragua, Ecuador, Malaysia, Indonesia, Thailand, and the Philippines.
In some countries, Netflix subscriptions are now 50% cheaper. A company spokesperson confirmed that Netflix is “updating” the prices of its plans in some regions but didn’t specify exactly where. However, prices will remain the same in key Netflix markets such as the US, UK, Canada, France, Spain, Germany, Mexico, and Brazil.
The streaming war
A few years ago, Netflix dominated the streaming market pretty much alone. However, the platform now has dozens, if not hundreds, of competitors around the world. Even though Netflix is still the most popular streaming platform in most countries, it has been losing subscribers to Amazon Prime Video, Disney+, HBO Max, and Apple TV+.
But the problem is Netflix is considerably more expensive than its competitors. Netflix’s Premium plan offers 4K streaming at $19.99 per month. However, Apple TV+ costs only $6.99 per month, while Disney+ costs $7.99 per month.
In 2024, Netflix introduced a new ad-based plan in an attempt to attract more subscribers. Still, it has a lot of limitations for the same price as other streaming platforms that let you share your account and watch videos in 4K resolution. It’s no surprise that Netflix has been struggling to retain its current subscribers and get new ones.
Netflix Recently Introduced Anti-Sharing Password Policy
Netflix introduced a password sharing prevention policy earlier this month, preventing users from sharing their account passwords with anyone outside of their family. Nearly 100 million households share Netflix accounts, resulting in lost revenue, according to the popular streaming service. So how does this policy work? let’s check it. The proposed plan will block the Netflix account every 31 days if the device using the Netflix account is not on the home Wi-Fi network. Netflix wants you to log into your home Wi-Fi network at least once every 31 days to stop sharing passwords between consumers.
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