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Netflix's ad-supported plan

According to a Bloomberg story, Netflix's upcoming ad-supported plan may cost between $7 and $9 per month.

The company's current monthly plan prices are $9.99, $15.49, and $19.99. 

Co-CEO Reed Hastings said in April that the business was willing to adopt a less expensive service financed by advertising after the company reported losing customers

Bloomberg states that The company wants to broadcast ads before and in the middle of content and hopes to sell about four minutes of advertising per hour.

According to Bloomberg, Netflix does not intend to include advertisements with its original movies or children's shows.

Three months after the startling decline in April, Netflix reported another decline in customers.

As part of its third price increase in recent years, Netflix also increased pricing in the US in January across all of its plans.

Netflix spokesperson Kumiko Hidaka claimed that Bloomberg's article is "all just assumption at this point." She stated that the company is "currently in the early stages of choosing how to introduce a lesser priced

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