Netflix announces new plan with ads and 720p video support for $6.99 a month

Netflix, after months of rumors and leaks, has announced a new lowest-cost plan.

Here's What We Know

The plan is called Basic with Ads. It will be available in November and will be available to subscribers in 12 countries: the United States, Canada, Australia, Brazil, France, Germany, Italy, Korea, Mexico, Spain, Japan and the United Kingdom.

The new rate will include 15- to 30-second ads and 720p video quality. According to the company, the intensity of the ads will average 4-5 minutes per hour. In addition to that, ads will also be shown before the video plays. Movies, series and shows will not be allowed for downloading on the new plan. The cost of Basic with Ads will be $6.99 (US).

Source: Netflix