Netflix To Roll Out Cheaper Mobile-Only Plan For India2Photo© gadgets.ndtv.com

Netflix To Roll Out Cheaper Mobile-Only Plan For India

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Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India within the next three months to tap into a price-sensitive market at a time the streaming company is losing customers in its home turf.

India is among the last big growth markets for the company, where it faces competition from Amazon.com Inc's Prime Video and Hotstar, a video streaming platform owned by Walt Disney Co's India unit.

Netflix lost US streaming customers for the first time in eight years on Wednesday, when it posted quarterly results. It also missed targets for new subscribers overseas.