Netflix to launch mobile-only streaming plan in India that could be priced around Rs 300

Updated: Jul 19, 2019, 12:28 IST | Agencies

The new subscription plan would help Netflix reach newer users in India and expand its overall subscriber base

Netflix to launch mobile-only streaming plan in India that could be priced around Rs 300
Photo: AFP

USA-based media service provider Netflix is planning to roll out a more affordable streaming package in India as it looks to expand its subscriber base.

Netflix has added 2.7 million new subscribers in the quarter that ended in June 2019 and the American company is all set to roll out a mobile-only plan, starting in India at an affordable price in a bid to set a stronger foothold in India and reach out to newer users in the country

In a letter to investors released this afternoon, Netflix stated that the plan "will be an effective way to introduce a larger number of people in India to Netflix and to further expand our business in a market where Pay-TV ARPU (average revenue per user) is low (below $5)."

The streaming giant announced the new plan alongside its financial results that revealed a huge decline in subscribers during the quarter.

Video streaming platform Hotstar leads the over-the-top entertainment app segment with 49 per cent share in terms of smartphone installations, while Jio's Live Tv leads the live channel category with 30 per cent share, a study says

According to the techARC-Unomer MegaInsight study, around 79 per cent of smartphone users access over-the-top (OTT) mobile applications for entertainment in India, which is in addition to the ‘casual’ entertainment of YouTube and other UGC (User Generated Content) platforms like TikTok.

Amazon Prime Video had 15 per cent share, while that of Netflix was 13 per cent.

(With inputs from ANI, PTI and AFP)

Sign up for all the latest news, top galleries and trending videos from Mid-day.com

Subscribe
Loading...

Tags

netflix

Janmashtami 2019: What goes behind Dahi Handi preparation in Mumbai?

NEXT STORY
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK