Netflix set a price and launch date for its new ad-supported plan to offer a more cost-effective experience for viewers who don’t mind watching ads in their content. The ad-supported tier, called “Basic with Ads,” will cost $6.99 per month and launch on November 3.

Netflix Sets Price and Launch Date for Ad-Supported Tier

and netflix announcing his first ever ad supported here. Good news for consumers and investors. They're digging the news of a new ad supported tier is gonna be called basic. With ads it'll be available here in the U. S. And on november 3rd. It's gonna cost you $7 a month. It'll feature commercials 15 or 30 seconds in length that will play before and during content while the resolution will be lower. Just 720 p. But how many ads can you expect? It's a natural question. Netflix says an average of 4-5 minutes of commercials an hour and some content is unavailable to start as the company does continue to work out these licensing deals. Well. Netflix shares surging today as well along with the broader market up 5%. And this move is part of a long way to turn around plan put into motion by New Netflix leadership to boost subscriber growth.