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WEKU
WEKU
Ashley Ahn

UNBELIEVABLE: Netflix will roll out a cheaper plan with ads for 6 99 per month in november - Caught on Camera

Netflix's announcement of its lower-cost Basic with Ads plan comes after the company this year suffered a drop in subscribers for the first time in more than a decade. (Chris Delmas/AFP via Getty Images)

Netflix will introduce a lower-priced plan with ads in November after suffering a drop in subscribers and facing growing competition from other streaming providers.

At $6.99 per month, the Basic with Ads plan will include 15-to-30-second ads before and during shows and films, as well as have a smaller selection of content due to licensing restrictions. Ads will appear, on average, for a total of four to five minutes per hour.

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