Netflix 'Never Say Never' To Advertisement, Says Netflix CFO Spencer Neumann.
Netflix ‘Never Say Never to the advertisement, says the CFO of the Netflix Spencer Neumann.
He has not disclosed the future vision of the company in the advertisement but has given hope to everyone. Neumann said the company does not have any religion against advertising.
Highlighted Facts
- Netflix till now has offered 14 games to its subscribers.
- The revenue of Netflix has fallen this year about 43 percent.
- Disney is providing an option while streaming to choose the ad-supported for Disney+.
Netflix has fallen much down in terms of its yearly revenue this year and does not even have any plans to include such steps that will enhance the revenue of the company. The senior officer of the company CFO Spencer Neumann said about Netflix’s future strategy as the company has no plans for the future. He told that company does not have any plans for providing a streaming platform that will include the advertising but also declined to rule it out in the future.
The CFO of Netflix is well known about the loss of the company but told when asked that if the company would change its long-standing position that its services will be ad-free. He replied, “It’s not something in our plan right now.”
After the shares of Netflix, the world’s largest streaming service have fallen and the percentage of the subscribers also recorded the slow. Some analysts of Wall Street suggested that Netflix develop a lower-cost tier with advertising to boost its revenue. Data revealed the share of Netflix Revenue fell this year by 43%.
The other platform like Walt Disney provides streaming services that accepted the advertising method and provide an ad-supported streaming option for Disney+ with the collaboration of the advertising platform AT&T’s Warner Media, and Comcast including with others are trying to attract customers.
Neumann said “We think we have a great model, a subscription business that scales globally really well,” also said “it’s hard for us to ignore that offers are doing it, but for now, it doesn’t make sense for us,” Neumann said.
