Netflix gains subscribers with ads and password crackdown

During the strike, Netflix said it was relying on productions ready for release and a large base of upcoming films and shows from around the world. — Reuters

SAN FRANCISCO: Netflix on Wednesday (Oct 18) said subscriber numbers grew nearly 11% to 247 million in the recently ended third quarter as it cracked down on password sharing and refined an ad-supported tier.

The leading streaming service said it is increasing the price of its basic plan in the United States to US$11.99 (RM57) monthly and its premium plan to US$22.99 (RM109), with similar price "adjustments" set for Britain and France.