The new date is Oct 13, 2022.
After facing steep competition from other streaming services and suffering a loss of subscribers for the first time in a decade, the company will launch a cheaper tier on November 3.
A person is using a hand to hold an Apple TVremote.
The new tier will be cheaper than the current one.
At the time of launch, ads will be 15 or 30 seconds in length, and will air at the start of and during programs, according to the company.
Users of the ad-supported tier won't be able to download programs to watch offline due to licensing issues.
In the US, the UK, Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, and Spain, the Basic with Ads tier will be available.
More than 200 million. As of July, the number of paid subscribers was reported by the company. According to the streaming service, over 100 million households are watching the service but not paying for it because of password sharing.
The company lost subscribers for the first time in a decade in the first quarter, causing its share price to plunge. Reed Hasting said the company would look at launching an ad supported tier. The company decided to use Microsoft as its advertising technology and sales partner. The new pricing tier was expected to launch in early 2023 according to the earnings report. There are other streaming services that are trying to attract new users. On December 8th, Disney+ will launch a less expensive tier. The price of Disney's service is slightly more expensive than that ofNetflix. The ad-supported version of Warner Bros. Discovery's streaming service will be free when it is merged into a single service in the summer of 2020. One of the few streaming services has ads on it.
Here's how the major streaming services are faring so far this year.
A streaming service will combine the two.
Disney+ will launch a cheaper ad-supported tier in December.
After it reported a smaller subscriber loss than expected, shares of the company jumped over six percent.
It's the first time in ten years that the company has lost subscribers.
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