Netflix Ad-Supported Tier ‘Doesn't Make Sense for Us’: CFO
Netflix has no plans to introduce an ad-supported tier as Disney+ intends to do this year in the U.S. (see 2203080004), Chief Financial Officer Spencer Neumann told a Morgan Stanley investment conference Tuesday. “It's not like we have religion against…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
advertising,” said Neumann. “We think we have a great model in the subscription business." Netflix will “never say never” to an ad-supported tier, he said. “It's hard for us to kind of ignore that others are doing it, but it now doesn't make sense for us.” Netflix hopes mobile gaming will be "a big part of our business in a decade," but "it's not going to be a big part of our business in the next 12 months," said the CFO. Netflix went from "saying we wanted to get in the games business to launching a games business globally inside of 12 months and having it work on Android and iOS and around the world," he said.