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Netflix launches its ad-supported tier in the US for $6.99 a month

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the staff of the Ridgewood blog

Ridgewood NJ, Netflix and chill with advertising, Netflix launches its ad-supported tier  in the US for $6.99 a month. The company is currently still in talks with several major studios to finalize licensing agreements. The new tier doesn’t include Netflix’s complete library. Customers will see around four to five minutes of ads per hour of content.

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Latest Numbers have Netflix Bleeding Subscribers in US and Canada

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the staff of the Ridgewood blog

Ridgewood NJ, so much for Netflix and chill. Netflix lost 430,000 subscribers in the US and Canada in the second quarter. It predicted that it would add 3.5 million subscribers in the third quarter, a forecast that was weaker than expected. There are now more than 100 streaming services for consumers to choose from. Netflix is still the largest paid video streaming service, with more than twice the number of subscribers compared to Disney Plus, its closest competitor. It recently hired Mike Verdu, a veteran of the gaming industry, and plans to offer games to subscribers, perhaps they should focus more on the content .