Netflix boss teases even cheaper advert subscription plan

The head of Netflix has suggested that there could be even cheaper subscription plans to come.

Earlier this year, the streaming site confirmed that it was changing its model, and introducing adverts to the platform.

At the time, Netflix admitted that its 'revenue growth has slowed considerably', and needed to look at other ways of bringing in more money.

I mean, from their perspective, it's a no brainer, the site gets money from advertisers who want to tap into its millions of subscribers, while the viewers are still forking over money every month to watch Netflix.

Last month, Netflix introduced the new ad-supported plan, dropping the price down to £4.99 a month.

And the company's CEO Ted Sarandos said this week that there could be more tiers in the future.

While he said he wouldn't rule it out, he kept his cards pretty close to his chest in terms of what those plans could look like.

Speaking at the UBS TMT conference, Sarandos said: "We have multiple tiers today, so it’s likely we’ll have multiple ad tiers over time, but nothing to talk about yet.

"And the product itself will evolve, I suspect, pretty dramatically, but slowly, gradually."

And if that wasn't exciting enough, there's more.

Earlier this week, it was reported that Netflix has a secret club for certain VIP customers.

According to reports in the Wall Street Journal, some very lucky account holders have been specially chosen, and watch TV shows and movies before they've been released to the public.

I know - it's a travesty.

The group, which is reportedly called 'Netflix Preview Club', works as a sounding board for the streaming site.

It's though that members even had a say in the 2021 Leonardo DiCaprio movie Don’t Look Up, suggesting that it be funnier.

And if you needed any more proof that it was legit, someone claiming to be a member of the elite society started posting on Reddit.

They explained: "You watch Netflix original movies before they're released and answer survey questions about them.

"You also have to sign an NDA because these truly are not released and still in final editing stage.

"You get a special Netflix account and they email when they have a movie in there for you to watch. Usually you have to watch and review within a week."

LADbible has contacted Netflix for comment.