DelhiDesk Netflix has attracted five million monthly active users to its ad-supported subscription plan, which costs $7 per month, in the six months since its launch. The offering is aimed at boosting growth in an industry where new streaming customers have been harder to come by, particularly domestically. However, the monthly users are not necessarily subscribers, as some people may be sharing plans. The numbers may allay some fears that the ad-supported offering has gotten off to a slow start. Netflix had 233 million paying members globally at the end of Q1 2023.

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๐Ÿ‘‰ Netflix Inc. said its new ad-supported subscription plan has attracted 5 million monthly active users, six months after its launch.
๐Ÿ‘‰ The $7-a-month plan is aimed at juicing growth in an industry where new streaming customers have been harder to come by.
๐Ÿ‘‰ The monthly users aren’t necessarily subscribers and could be sharing plans.
๐Ÿ‘‰ Netflix had 233 million paying members globally at the end of the first quarter.
๐Ÿ‘‰ The company shared the results at its first-ever appearance at the upfronts, an annual ritual where TV networks present their lineups to media buyers in New York.
๐Ÿ‘‰ The upfronts were thrown into chaos by striking TV and film writers, who walked out on May 2.
๐Ÿ‘‰ All of the companies emphasized their streaming businesses this week.
๐Ÿ‘‰ NBCUniversal announced that it would stream a National Football League Wild Card Playoff game exclusively on its Peacock service in January.

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