Netflix slashes its prices by up to 50% in over 100 countries – What about Greece?


In reducing the price of subscriptions in more than 100 countries, Netflix made an effort to attract more subscribers. Is Greece one of those countries that benefit from cheaper prices?

"We're always exploring ways to improve our members' experience. We can confirm that we are updating the pricing of our plans in certain countries," a spokesperson of the the American online streaming giant said.

Subscription costs are falling in parts of Asia, Europe, Latin America, sub-Saharan Africa and the Middle East. Among the countries affected are Malaysia, Indonesia, Thailand, Philippines, Croatia, Venezuela, Kenya and Iran.

These are mainly lower income countries where the company has fewer subscribers. The price cuts affect more than 10 million subscribers.

The list of countries does not include Greece. As the company's website states, in Greece, plans start from 7.99 euros to 13.99 euros per month.

The decision comes as the rising cost of living forces households to tighten their belts, while Netflix faces increased competition from rival streaming services.

Discounts apply to certain packages, with subscriptions halved in some cases.

The company's stock closed 3.4 percent lower in New York on Thursday after the Wall Street Journal first reported the price cuts.

Netflix, which operates in more than 190 countries, has faced increased competition from rivals including Amazon, HBO and Disney.

Last year, the company made layoffs and launched cheaper subscription packages with ads.

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