After so much controversy regarding its moves to eliminate account sharing, Netflix is trying to redeem itself. To do this, they have announced a price drop that affects several Latin American countries. The platform confirms that users of Bolivia, Cuba, Ecuador, El Salvador, Guatemala, Venezuela, Nicaragua, Panama, Paraguay and the Dominican Republicnow they will pay less for the same service.
Netflix’s monthly price reduction has been substantial in some regions. In Bolivia, Paraguay, Nicaragua, Cuba and Venezuela, the cost of the basic plan has gone from $7.99 to $3.99. Meanwhile, the standard plan has seen a reduction from the $10.99 to $5.99. The premium plan, for its part, goes from costing $13.99 to just $7.99.
Other regions have also seen a significant drop in the cost of the service. In regions such as Ecuador, Honduras, Guatemala, the Dominican Republic and El Salvador, Netflix has reduced prices in the following way: the basic plan goes from $7.99 to $4.99. The standard plan, for its part, goes from $10.99 to $7.99. Meanwhile, the premium plan has been scaled down from the 13.99 to 10.99 Dollars.
In Panama, these numbers are as follows: from $8.99 to $4.99 for the basic plan. Of $12.99 to $8.99 by the standard plan, and 15.99 to 12.99 for the Netflix premium plan.
Regions | Netflix Basic Plan | Netflix Standard Plan | Netflix premium plan |
Bolivia, Cuba, Nicaragua, Paraguay and Venezuela | $7.99 to $3.99 | $10.99 to $5.99 | $13.99 to $7.99 |
Ecuador, El Salvador, Guatemala, Honduras and the Dominican Republic | $7.99 to $4.99 | $10.99 to $7.99 | $13.99 to $10.99 |
Panama | $8.99 to $4.99 | $12.99 to $8.99 | $15.99 to $12.99 |
Netflix’s price drop comes at a difficult time for the platform
Will this same drop in prices reach Europe? So far, Netflix has not announced anything about it. Although the European continent has also been affected by Netflix’s new measures, it is also one of the most prolific regions for the company globally. For this reason, it is not certain that the price reduction that has been applied to Latin America will cross the Atlantic.
Netflix has been focusing its latest efforts on making its platform profitable, they say. For this, want to convert account sharers into potential new subscribers, and have already enabled an option to share your account with people outside your household. In addition, the platform has been betting on video games as part of its service, although so far without much success.
Many users have disagreed with the decision to eliminate the practice of sharing accounts. Thus, the platform has faced the cancellation of Netflix accounts, which are made public on social networks by the users themselves, although so far we do not have any official data to indicate if it has negatively affected Netflix. How will this impact the future of the service? It is difficult to know, but the truth is that it could cause an annoying and significant problem for customers who use it on a recurring basis.