DIS - Netflix won't say 'never' to ads as rivals set up cheaper streaming tiers

Netflix's (NASDAQ:NFLX) formerly firm stance against allowing ads on its leading streaming service appears to be a little softer today, with Chief Financial Officer Spencer Neumann saying "never say never." Asked at a Morgan Stanley conference about Disney's (NYSE:DIS) move to develop a cheaper ad-supported version of Disney+, Neumann appeared to walk back some previously stern commentary against ads on Netflix. With rivals including HBO Max (NYSE:T), Discovery (NASDAQ:DISCA), Paramount (PARA, PARAA) and NBCUniversal (NASDAQ:CMCSA) supporting an ad tier, Disney's move leaves Netflix as the only major streamer without an ad-supported option. "I'd love to get like a show of hands of if you like that decision by them, but I don't think I'll get it," Neumann says of Disney's move. "Now for us, it's not like we have religion against advertising to be clear." It's not in the company's plans, but that could change if "we determine something that

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Netflix won't say 'never' to ads, as rivals set up cheaper streaming tiers