Netflix mulls $7-$9 per month for its ad-supported subscription

Netflix Inc is looking to charge about $7 to $9 per month for its new advertising-supported subscription plan, reports Reuters citing Bloomberg news. 

The company plans to introduce its budget-friendly option in the final three months of the year across at least half a dozen geographies. However, the full rollout may have to wait until early next year, the report said.

It plans to sell around four minutes of commercials per hour for the ad-supported service, showing ads before and during the shows, the report said, citing people familiar with the matter.

The streaming giant declined to comment on the report and its pricing plan.