Netflix CFO, Spencer Neumann spoke yesterday at an investor conference and touched on a subject that has long been floated around as a potential revenue boon for the streaming giant: A lower-cost, ad-supported membership tier. While executives at the company have rejected the idea outright in the past, Neumann seemed more open to the possibility as reported by Variety.
“It’s not like we have religion against advertising, to be clear,” said Neumann, while speaking at Tuesday’s Morgan Stanley 2022 Technology, Media & Telecom Conference. “But that’s not something that’s in our plans right now ... We have a really nice scalable subscription model, and again, never say never, but it’s not in our plan.”
