Netflix Reveals A New Ad-Supported Subscription Following Financial Struggles

Good Morning America

We remember the days when Netflix was the only streaming service we had. Really, we remember the days when Blockbuster was still around and Netflix started by mailing DVDs to subscribers. Do you remember those red envelopes? Just us?

Things have changed. Netflix may have killed Blockbuster, but now Netflix is the company that is struggling. There have been numerous streaming services that have launched in recent years, almost too many to count. Off the top of our heads, there’s Hulu, Disney+, Paramount+, Prime Video, Peacock, HBO Max, and Apple TV+.

Each streaming service has it’s own fee, some more than others. For example, Prime Video is included with a Prime membership, meanwhile, Paramount+ charges a monthly fee.

Some streaming services are completely ad free while others provide the benefits of being completely ad free, and then some streaming services offer both options depending on how much a subscriber pays.

Netflix has always been ad free. That’s one major benefit to the service. A negative to the service is that the price seems to keep going up, and Netflix is having trouble keeping subscribers who have jumped ship for other streaming services. Now, Netflix plans to add an ad supported option which would cost less than the ad free option. The company hopes that the lower cost ad supported option would help them gain subscribers and help them compete with other streaming services.

Watch the video below to learn more about why Netflix plans to add an ad supported streaming option and what that subscription option might look like.

Are you a Netflix subscriber? Do you subscribe to other streaming services? Would you choose an ad supported subscription at a lower cost, or do you prefer to pay more so that you can watch movies and TV shows without having to watch ads?