Netflix has lowered the price of its packages by up to 50% in more than 100 countries: what will happen in Argentina?

Netflix has slashed subscription prices in more than 100 countries, mostly low-income regions where the company has fewer customers.

“We are always exploring ways to improve our members’ experience,” Netflix said in a statement Thursday. “We confirm that we are updating the prices of our plans in certain countries.”

Reduction, as you may have learned GlobeLiveMedia, will not apply in Argentina. In the country and despite the massive global discounts, the company assured that “the prices of the packages are specific to each country”, without giving further details.

The price cut will affect more than 10 million subscribers in markets including Vietnam, Indonesia, Thailand and the Philippines, independent research firm Ampere Analysis said separately. They take place in Asia, America and the Middle East.

The chef’s gestures streaming They are up 14% this year through Wednesday’s close.

Netflix will lower prices in countries that make up a small percentage of its subscriber base. The company has already cut prices in India and some Southeast Asian markets, where growth has been slow.

The benefits of streaming they usually raised prices to get more revenue from a business that was extremely expensive to run. Some, including Netflix, have also launched low-cost plans to reach more budget-conscious customers.

The price of the company’s basic subscription plan has dropped the most, by about 50%, Ampere said. At the other levels, the cuts are between 17% and 25%. None of the affected marketplaces have the ad-supported offering, Ampere said.

Here are the packages sold in Argentina:

Basic: 699 pesos per month. One compatible device at a time. Movies, series and mobile games without limits or advertising. Download to 1 compatible device at a time. HD.

Standard: 1,299 pesos per month per month. Two compatible devices at the same time. Movies, series and mobile games without limits or advertising. Download on 2 compatible devices at the same time. Full HD.

Prime: 1899 pesos per month. Four compatible devices at once. Movies, series and mobile games without limits or advertising. Download to 6 compatible devices at once. Ultra HD and special audio.

A few weeks ago, the platform announced that it would start taking strong measures to prevent users from sharing their passwords, which could mean a price increase for many customers.

The last countries affected by the new regulations are Canada, New Zealand, Portugal and Spain, after the company conducted trials in Latin America, as detailed in an official statement. “More than 100 million households they share accounts, which affects our ability to invest in new TV shows and movies,” Netflix said of the application of the new measures.

During: 1899 pesos per month. Four compatible devices at once. Movies, series and mobile games without limits or advertising. Download to 6 compatible devices at once. Ultra HD and Special Audio More than four countries have seen that price nearly double, as detailed by Business Insider.

company sources in Argentina they said GlobeLiveMedia only for the moment it is unclear when they might be implemented these changes in the country. “When there is information from Argentina, we will communicate it,” they said.

In mid-January, Hastings Reed resigned as CEO of Netflix. The company’s co-founder has announced that he will hand over the reins of the streaming service to his partner and co-CEO, Ted Sarandosand the director of operations of the company, Greg Peters.

With information from Bloomberg

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