Netflix long term plan- Netflix, the biggest video streaming player in the world. Netflix is coming now with its new long-term subscription plans, only in India. These new tests are being done on the basis of annual, six months and three months subscriptions plan to the video streaming service and offers of discounts up to 50%. when we compared it to the monthly plans.
In simple words, the subscribers who are opting for a long-term Netflix subscription will get a DISCOUNT. Well, the testing is currently going on for the selected users, as targeted for both, mobile and web users.
Apparently, Netflix offers monthly subscription plans starts with Rs. 199 only. California based-company, Los Gatos, is working on the testing period of a range of long-term subscription plans in the County, the purpose is to retain the subscribers longer.
In this testing, they are having several plans on the list.
3 months Plan for Rs. 1,919 – after a discount of 20% on the Premium Plan of Rs. 2,397
6 months Plan for Rs. 3,359 – after a discount of 30% on the plan of Rs. 4,799
12 months plan at Rs. 4,799 – after a discount of 50% on the plan of Rs. 9,588
Netflix long term plan- A spokesperson said, “We believe that our members may value the flexibility that comes from being able to pay for a few months at once. As always, this is a test and we will only introduce it more broadly if people find it useful.”
In an event held in Capital, the CEO of the Company, Reed Hastings said that Netflix is spending about Rs. three thousand crores and now they are going to produce the fresh local content in the Nation.
In the month of July this year, The Company launched a mobile-only platform just at Rs. 199/month, which was less than half of its regular subscription price ranges between five-eight hundred rupees. Usually, it was based on video quality and the number of concurrent screens. after this, the company also executed the weekly plans offering free content access to its non-member in the country for a limited time period.
if we talk about the Company, Netflix came in the Country in 2016’s January. At that time, they were having three distinct plans – Basic, Standard, and Premium. as time passes, they expanded their range of plans.
As the reports say, that India is crucial for the growth of Netflix in the country. As it is the second-largest Internet base in the world and the company is growing adoption for online content in the Country.
And, in a recent report, Netflix India posted a record growth of 700% for the Fiscal Year 2018-18. Hence, there are various factors behind the growth of the company, just because of its working stands out from other global and local players.
And to know more, the company has garnered Rs. 466.7 crore with a net profit of Rs. 5.1 crore for FY19. Where, in FY18, Netflix India did a business of Rs. 58 crore with Rs. 20 lakh net profit.
Netflix long term plan- After estimating, we come to know that since the company has announced its mobile-only plans in India, it has managed to get an additional 3 to 4 lakh subscribers. Industry estimates suggest that the Netflix Indian Subscriber base is exempted to be more than 1.2 million.
if we talk about another reason for the Netflix growth in India, so it is just because of the commissioning of local content, like; Sacred Games. The company seems to have its eye on being a primary player in the Indian Video Streaming Market.
Roughly, India has more than 300 million video streaming audience and its expected to grow up to 550 million by FY23. Almost, half the population of the country.
But Netflix is not going to stop here it is here for a long run and we all get excited when we get any update from Netflix meanwhile go and subscribe to view all the latest movies and tv episodes only on Netflix and to know more continue on talepost.com