Some Netflix subscribers face price hike as no-ads basic plan ends in Canada
BNN Bloomberg
Netflix is putting the final stake in its cheapest, ad-free "basic" plan in Canada.
After announcing last year that it would no longer offer the $9.99 plan to new or returning subscribers, the streaming giant is phasing out the price level entirely for users who were grandfathered into the plan.
"Basic" subscribers will now need to choose whether to downgrade to a $5.99 plan that includes commercial interruptions — and most of the Netflix catalogue — or pay more for the no-ads plans that start at $16.49 per month.
Netflix told investors in its quarterly financial report on Tuesday that it will eliminate the basic plan first in Canada and the United Kingdom between April and the end of June.
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U.S. markets ticked slightly lower and oil prices rose early Tuesday as the war in the Middle East continued a day after U.S. President Donald Trump said the United States had made progress in talks with the Islamic Republic to end the conflict.
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