
Streaming giant Netflix Inc. (NASDAQ:NFLX) is set to launch its ad-supported plan later this year. Reports show the company charging a significant premium compared to other streaming platforms.
The company intends to roll out the plan ahead of rival Disney+, which will roll out its own ad-supported plan on Dec. 8, 2022.
What Happened: The Los Gatos, California-based company has moved up its ad-supported platform launch. According to new reports, the launch could happen in November, putting Netflix ahead of its rival Disney+, the streaming platform owned by The Walt Disney Company (NYSE:DIS).