Was the huge surge in U.S. gross additions in June a one-time aberration?
Netflix no longer offers the basic ad-free service in the U.S. which means that besides the ad-supported tier, U.S. Netflix subscribers can choose between Standard and Premium. Priced at $15.49 monthly, Standard includes unlimited ad-free movies, TV shows, and mobile games and can be used by two supported devices at a time. Content is streamed in Full HD and one person who doesn’t live with the subscriber can be added for $7.99 per month.
The Premium service, which costs $19.99 per month, includes unlimited ad-free movies, TV shows, and mobile games and four supported devices can use the service at a time. Content is streamed in Ultra HD, Netflix spatial audio is included, and six supported devices can download content for offline viewing. Up to two extra members who don’t live with the subscriber can be added for $7.99 per month per subscriber.
Discussing the elimination of its old Basic package, Netflix wrote, “We’ll be interested to see how this impacts the composition of Netflix subscriptions and sign-ups overall in the coming months.” For the quarter that ended June 30, Netflix doubled projections by adding 5.9 million subscribers worldwide bringing its total globally to 238.3 million.