Netflix is ​​slashing prices on streaming plans in over 100 countries and territories

Entertainment news source Variety reported that Friday Netflix lowers the prices of its streaming plans in more than 100 countries and territories, including Asia, Latin America, Europe, the Middle East, and Africa.

Netflix for example, confirmed that the basic plan dropped from ₱369 (approximately US$6.70) to ₱249 (approximately US$4.50) per month in the Philippines and the standard plan dropped from ₱459 (approximately US$8.35) to ₱ 399 (about US$7.30) per month.

Variety mention Netflix will not lower prices in North America or Western Europe. The streaming service had implemented a price increase in subscriptions in the US and Canada in early 2022.

While Netflix Ampere Analysis reported the following list of affected countries: Afghanistan, Albania, Algeria, Angola, Bangladesh, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, British Indian Ocean Territory, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde , Central African Republic, Chad, Christmas Island, Comoros, Congo – Brazzaville, Congo – Kinshasa, Ivory Coast, Croatia, Cuba, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Fiji, Gabon, Gambia, Ghana, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Indonesia, Iraq, Jamaica, Jordan, Kenya, Kiribati, Laos, Lebanon, Lesotho, Liberia, Libya, Macedonia, Madagascar, Malawi, Malaysia, Mali, Mauritania, Mauritius, Mongolia, Montenegro, Morocco, Mozambique, Myanmar (Burma), Namibia, Nepal, Nicaragua, Niger, Palestinian territories, Panama, Papua New Guinea, Paraguay, the Philippines, Pitcairn Islands, Romania, Rwanda, Samoa, Sao Tome and Principe, Senegal, Serbia, Seychelles, Sierra Leone, Slovenia, Solomon Islands, Somalia, South Sudan, Sri Lanka, St. Petersburg. Bartholomew, St. Louis Helena, St. Louis Lucia, St. Louis St. Martin, St. Louis; Vincent and the Grenadines, Sudan, Suriname, Swaziland, Tanzania, Thailand, East Timor, Togo, Tonga, Tunisia, Tuvalu, Uganda, Vanuatu, Venezuela, Vietnam, Wallis and Futuna, Yemen, Zambia and Zimbabwe.

Netflix launched its new password sharing policy in test markets Chile, Costa Rica and Peru on Feb. 5. The company then expanded its new password sharing policy to Canada, New Zealand, Spain and Portugal earlier this month.

Netflix announced in January that its “paid sharing” subscription options will be “widely available” in the first quarter of 2023. The company passed 230.75 million global paid subscribers and gained 7.66 million subscribers in the last quarter of 2022. The company also named Greg Peters as co-CEO after co-founder and co-CEO Reed Hastings stepped down.

NetflixBasic with Ads, a new ad-supported subscription tier, launched on November 3 in the United States, United Kingdom, Canada, Japan, Korea, Mexico, Brazil, Spain, France, Germany, Italy and Australia.

Source: Variety (Todd Spangler)