Netflix is planning to supply a free trial of its service to everybody in a nation for a weekend. The new plan will start with India and attain international markets over time, Netflix Chief Product Officer Greg Peters revealed throughout the firm’s earnings name on Tuesday. Netflix already gives a 30-day free trial to let new customers check its service and watch a few Web collection earlier than going for its subscription. However, simply earlier this month, the Los Gatos, California-based firm ended its free trial plan in the US, although it’s nonetheless accessible in markets together with India.
CPO Peters stated throughout Netflix’ third-quarter earnings interview that the brand new trial promotion was simply “an example of the kind of innovation” that the corporate deliberate. The government known as the plan as “an idea” to introduce the Web streaming service to new viewers.
“[W]e think that giving everyone in a country access to Netflix for free for a weekend could be a great way to expose a bunch of new people to the amazing stories that we have, the service, how the service works, really create an event, and hopefully get a bunch of those folks to sign up,” Peters stated in the interview with Barclays’ media analyst Kannan Venkateshwar.
Exact particulars of the brand new trial are but to be revealed. It can also be unclear whether or not it might co-exist with the present 30-day free trial that’s nonetheless accessible in India and another markets, although it was lately discontinued in the US.
“We’re all the time completely different advertising and marketing promotions to entice new members and provides them a nice Netflix expertise,” a Netflix spokesperson advised Gadgets 360 in response to the question concerning the brand new trial.
Netflix usually conducts simultaneous testing of a number of options and promotional gives. This helps perceive completely different necessities of viewers and make acceptable updates. Additionally, it runs distinct promotional programmes in different markets across the globe. It is, thus, likely that the new free trial would not be available worldwide and be limited to certain markets upon its testing in India.
That being said, Netflix indeed needs promotion to compete against platforms like Amazon Prime Video and Disney+ Hotstar as well as to expand its subscriber base that did not grow as per the expectations, albeit hit the mark of over 19.5 crores subscribers globally by September 30. This was up from 19.29 crores subscribers reported as of June 30. However, the company predicted that it would add 25 lakhs new subscribers in the third quarter. It was three lakhs less than the actual subscribers added during the period.
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