In over 30 countries, Netflix lowers subscription charges
Online show and movie Streaming giant Netflix has lowered the price of its subscription. The giant lowers subscription prices in more than 30 countries. Netflix proposed this in an effort to draw in subscribers who have access to a growing number of streaming options.
According to the reports of the Wall street journal, the recent price reductions of the subscription by the streaming giant include Middle Eastern countries (Yemen, Jordan, Libya and Iran), sub-Saharan African markets such as Kenya, and European nations (Croatia, Slovenia, and Bulgaria).
“In Latin America, nations including Nicaragua, Ecuador, and Venezuela have seen reductions in subscription costs, as have parts of Asia including Malaysia, Indonesia, Thailand and the Philippines,” the report mentioned.
The cost reductions only applied to specific Netflix tiers in the affected countries.
“It definitely goes against the recent trends not just for Netflix, but for the broader streaming industry,” John Hodulik, a media and entertainment analyst at UBS Group AG, was quoted as saying.