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Netflix to introduce ads for cheaper subscription
Microsoft is teaming up with Netflix to offer an ad-based subscription plan
Netflix is moving full steam ahead with a new ad-supported subscription plan expected to launch later this year.
The streaming giant will team up with Microsoft to embed commercials in a cheaper version of its on-demand offering.
The move is a far cry from the Netflix 15 years ago, with the company previously refusing to ever include ads on its platform.
But times have been tough for the oversaturated streaming sector.
Earlier this year, Netflix disclosed it lost 200,000 subscribers in the first quarter of 2022 alone. This lead Netflix to concede the time has come for a less expensive option. Read more.
Netflix said the move is still in “very early days,” and has “much to work through” before the new service is introduced.
Meanwhile, landing the contract is a big deal for Microsoft. The multinational tech company has long been engaged in a tense battle with Google, the major force when it comes to digital advertising.
What’s happening in the Middle East?
- President Donald Trump says Iran’s Supreme Leader Ayatollah Ali Khamenei has been killed.
- Trump describes the moment as the greatest opportunity for the Iranian people to “take back their country”.
- Iran insists its leader is “firmly commanding the field”.
- Israel and the U.S. have carried out strikes on Iran.
- Impacts have been reported in Israel and across Gulf states as Iran launches retaliatory attacks.
- The escalation has sparked fear and panic, with civilians fleeing major cities.
News
U.S. and Israel strike Iran as missiles hit Gulf bases and oil surges
U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.
U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.
The United States and Israel have launched a sweeping military operation against Iran, striking leadership targets and more than 500 military sites in what President Trump has dubbed Operation Epic Fury.
Explosions have rocked Tehran, with civilians fleeing the capital as U.S. sea and air assets carry out sustained attacks. Washington says the mission is designed to prevent a nuclear armed Iran and has even called on Iranians to rise up against the regime.
Iran has retaliated with a barrage of missiles and drones targeting Israel and U.S. bases across the region, including in Qatar, Kuwait, the United Arab Emirates and Bahrain. While many projectiles were intercepted, a U.S. base in Bahrain sustained damage.
Gulf states long seen as stable hubs for global business are now directly in the firing line, raising fears of a wider regional war.
Oil prices are climbing and tankers are diverting from the Strait of Hormuz as markets react to the escalating conflict. U.S. aircraft carriers, advanced fighter jets and missile destroyers remain in position, signalling more strikes could follow.
With global leaders scrambling diplomatically, the world is watching to see whether this spirals further or shifts back to negotiations.
News
Iran warns ships to avoid Strait of Hormuz
Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region
Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region
– Iran’s Guard Corps advises ships to avoid the Strait of Hormuz due to rising tensions.
– Tankers have diverted to Qatar and UAE amidst concerns over safety and potential Iranian threats.
Ships have been repeatedly warned against entering the strait, as stated by crews in the area and the European Union’s naval command, Aspides. On Saturday, dozens of tankers diverted, with some seeking refuge in Qatar and the United Arab Emirates while others opted to steer clear of the region, as reported by oil brokers and shipowners.
Shipping Concerns
Tensions continue to impact shipping operations as carriers remain cautious in the Gulf region.
Tanker crews reported hearing explosions near Iran’s Kharg Island, which is vital for the country’s oil exports, as it handles 90% of its crude oil shipments.
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