![]() Netflix shares are up 3.5% year to date, but down 18.5% over the past 12 months, compared to the S&P 500’sģ% gain in 2023 and 11.4% decline over the past year. “We view gaming as another new content category for us, similar to our expansion into original films, animation and unscripted TV,” the streaming company told shareholders in 2021.Ĭurrently, videogames are free for Netflix subscribers on its iOS and Android apps, and have no ads or in-game purchases. This plan allows subscribers to watch Netflix on two screens simultaneously. The streaming giant broke the news during its recent quarterly earnings call, confirming that Netflix. Standard Plan The monthly cost for the standard plan increased from 13.99 to 15.49 a month. But once-rapid growth stalled for much of last year, and Netflix is banking on games to draw more subscribers over the long term. Netflix has announced that it will start charging password-sharing fees in early 2023. In its earnings report in January, Netflix said it had more than 230 million global subscribers as of Dec. Netflix has bought a number of videogame studios in recent years in an effort to build “a world-class games studio.” Also in the works: “Mighty Quest: Rogue Palace,” an action game from UbisoftĬoming in April, and Ustwo’s critically acclaimed puzzle games “Monument Valley” and “Monument Valley II,” both coming next year. Touting the success of “Too Hot to Handle: Love Is a Game,” the videogame adaptation of its hit reality-dating show, Netflix announced a sequel will come later this year. “Members will discover indie darlings, award-winning hits, RPGs, narrative adventures, puzzle games and everything in between, and we’re working with the world’s leading studios to bring you these games.” This article originally appeared on GOBankingRates.“Our goal is to develop a broad portfolio of games - in different genres and formats,” Netflix said in a statement. Prepare to find yourself binge-watching more often than not. Although 20 is costly compared to other on-demand services, there’s no better service than this to watch hours upon hours of great entertainment. The Downsides of Retirement That Nobody Talks Aboutĥ Things You Must Do When Your Savings Reach $50,000ĩ Best Money Moves You Should Make This Week Netflix has four plans to choose from: Basic with Ads for 7 per month, Basic for 10, Standard for 15.50, and Premium for 20. The Basic subscription plan costs approximately $9.99, but the new and less expensive, ad-supported tier will only cost users $6.99 per month. The company currently offers three pricing tiers with a fourth being added in November 2022. Study: Americans Would Rather Cut Back on Groceries Than Stop Their Netflix SubscriptionĮxplore: 9 Best Streaming Services To Watch Free Movies Online Sharers will also be able to better manage their devices and create sub-accounts (“extra member”) if they want to pay for family or friends. Netflix will offer users the ability to transfer their Netflix profile into their independent account. However, after releasing “Monster: The Jeffrey Dahmer Story” and the fourth season of “ Stranger Things,” the company was able to add more than 2.4 million subscribers in its third quarter.Įxtra user pricing has not yet been announced, but Engadget noted it could be around $3 or $4 if the company follows the pilot program’s “one quarter of the basic rate” scheme. See: How Much Is Netflix? Price Breakdown by Subscription Planįind: If Your Credit Score Is Under 740, Make These 4 Moves NowĮngadget reported that this move comes on the heels of a pilot program currently running in Latin America which charges fees for extra users outside of the household.Īccording to Netflix, the company is focused on revenue growth heading into 2023 and has developed this solution as a “thoughtful approach to monetize account sharing.” Engadget noted that Netflix also confirmed that it lost subscribers earlier this year.
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