Netflix has made plans cheaper in more than 30 countries, know the reduced prices in India or no discount

Netflix Plans Rates Reduced: Streaming company Netflix has made a big announcement and has changed the rates of its subscription plans in many countries. Know whether there is any good news about this in India.

Netflix Plans Rates Reduced: Streaming giant Netflix has reduced the price of its subscription in more than 30 countries. This is an attempt to attract customers with access to a growing number of streaming options. Recent price cuts by the streaming giant include Middle Eastern countries (Yemen, Jordan, Libya and Iran), sub-Saharan African markets like Kenya and European countries (Croatia, Slovenia and Bulgaria), reports The Wall Street Journal. Are.

In which other countries are Netflix plans cheaper?

"In Latin America, countries including Nicaragua, Ecuador and Venezuela have seen membership costs decline, as have parts of Asia including Malaysia, Indonesia, Thailand and the Philippines," the report said. The cost reduction only applies to specific Netflix tiers in affected countries.

What Netflix executives have to say

"It certainly goes against recent trends not only for Netflix but for the wider streaming industry," said John Hodulik, a media and entertainment analyst at UBS Group AG. "Some of these reductions are substantial on a percentage basis," he said. Greg Peters, co-chief executive officer of Netflix, also indicated during the January earnings call that the company is exploring markets where they can raise rates to support ongoing content spending. Peters said, "We consider ourselves a non-replaceable good option."

A spokesperson for Netflix gave important information

According to him, the streaming giant also has a chance to acquire new customers in markets where it currently does not hold a dominant position. A Netflix spokeswoman said, "We know that members have never had more choices when it comes to entertainment, and the company is dedicated to providing an experience that exceeds their expectations." 

In January last year, the company had increased the price for subscribers in the US and Canada. Later, in March, it increased its subscription prices for users in the UK and Ireland. As far as the cheap plans of Netflix for the subscribers of India are concerned, the name of the country is not visible in the list at the moment.