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Entertainment

Chris Katje

HISTORICAL FACTS: Why netflix is launching an ad supported streaming plan - The Untold Story

Ted Sarandos Nasdaq Netflix

Streaming giant Netflix Inc (NASDAQ:NFLX) has had a change of heart when it comes to ad-supported streaming. CEO Ted Sarandos shared why the company is moving forward with the new plan.

What Happened: Netflix told employees in May that an ad-supported plan could be coming for the streaming company by the end of 2022. That plan was confirmed by Sarandos at the Cannes Lions festival this week, according to The Hollywood Reporter.

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