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Netflix could let you halve your monthly bills with new cheap plan - but there's a catch
Netflix could slash its subscription prices in half if it goes ahead with suggested plans to introduce ads to the service.After the streaming giant lost hundreds of thousands of subscribers, Netflix CEO Reed Hastings told investors that his firm "is quite open to offering even lower prices with advertising, as a consumer choice", and plans to trial an ad-supported cheap tier in the next year or two.Now, speculation is rife about how much the new 'cheap plan' will cost, as well as how many ads viewers will be forced to put up with while they watch their favourite shows and movies. Media analyst Michael Pachter told the Sun he believes a half-price fee is on the way: "Most services that offer ad support charge half, so $7.99 is likely,"But Netflix may advertise a tad less and charge a tad more, so I would guess between $7.99 to $9.99 with four 2 minute ad breaks - one pre-roll, and three more at the 12, 24, 36 minute marks."In the UK, the price of a standard Netflix subscription is £10.99 per month.