Netflix may be shedding over 100 movies and TV shows from its lineup after today but the streaming video service is still highly popular with over 40 million subscribers worldwide. This week, the company revealed a new and cheaper option for fresh customers, but there are a couple of catches.
As revealed by Ad Age, the service now lets new subscribers sign up for as little as $6.99 a month, compared to the previous lowest option of $7.99 a month. However, the new and cheap plan only allows customers to stream a video on one device at a time, and that clip is available just as an SD movie or TV episode. Signing up for $7.99 a month adds the rights to stream on up to two devices at the same time and also offers HD as well as SD resolution.
At the moment, this offer is just for new Netflix customers but the story claims that a customer rep revealed that the $6.99 a month plan will "definitely" be offered on a wider basis at some point. Since this latest option just started we should not see a huge effect on Netflix subscriber levels for quite some time.
Source: Ad Age | Image via Netflix