Netflix Announces In-Person Upfront Event in New York for May 2024
The streaming giant aims to showcase its ad business and original content, including an interactive 'Squid Game' experience.
- Netflix plans its first in-person upfront event in New York on May 15-16, 2024, showcasing its nascent ad business and original content.
- The event will feature 'The Netflix Experience,' an interactive showcase at Pier59 Studios, highlighting series like 'Stranger Things' and 'Squid Game'.
- Netflix's ad-supported subscription tier, launched in November 2022, has reached 23 million monthly active users, contributing to nearly 30 million new subscribers over the past year.
- The company faces stiff competition from Amazon and Disney, both of which have ramped up their ad-supported streaming offerings.
- Netflix secured global sponsorship deals, including with Expedia, and introduced pause ads, expanding its advertising capabilities.