With its share price plummeting over the past year, Netflix will launch a new subscription package in the coming months. Although they are cheaper because they contain ads, cryptocurrency advertisements should not be part of the movie provider's revenue.
Such information is from The Sydney Morning Herald, Australia's largest newspaper, which maintained the anonymity of the sources as they are not authorized to speak publicly on the subject.
Netflix has shown big losses since November 2021. The main reason would be the monetary policy of the US Central Bank, trying to control dollar inflation.
Netflix will not allow ads on gambling and cryptocurrencies
According to sources, Netflix will launch a subscription package with ads on November 1st. Such a measure is being adopted by the company to boost its revenue, allowing cheaper plans while profiting from commercials.
However, such subscription package should not arrive in Brazil on this date, which is planned for other countries such as Germany, Canada, USA, France and the United Kingdom.
In any case, the interesting thing is that Netflix will not allow advertisements linked to gambling and cryptocurrencies to be streamed on its services. Along with this sector, political content, betting and products for children will not be allowed.
“The streaming giant has also decided to reject political, gambling and cryptocurrency advertising and will not market any products to children,” notes the Australian newspaper The Sydney Morning Herald. “[Netflix] is still considering restrictions on pharmaceuticals,” the sources added.
Their decision making is similar to the policy implemented by other platforms like Facebook and Google. During the rise of ICOs, such advertisements were banned from such services, but they were allowed again in the following years.
Netflix stocks down
On November 10, 2021, Bitcoin reached its all-time high. A week later, on the 17th, Netflix shares hit their highest high. From there, the two assets suffered large losses, mainly due to the Fed's monetary policy.
While Bitcoin plummeted 74.5% top-to-bottom from US$69,000 to US$17,600, Netflix shares dropped 76.8% from US$700 to US$162, 7 before a brief resumption.
Source: GMB
