Starting in November, Netflix will finally roll out its new ad-supported tier for just a few bucks a month, yet another sign that the onetime disruptive upstart streaming service has slowly become a cable package by another name.Netflix announced today that its new Basic with Ads tier is slated to launch on November 3rd, 2022, for $6.99 in the US, Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain, and the UK.In exchange for making you watch an average of four to five minutes of ads per hour, Basic with Ads will give subscribers access to a large swath of Netflix’s programming.During a press conference about the new tier, Netflix described it as “pro-consumer” and detailed how its internal content tagging teams have been tasked with finding natural breakpoints in different shows and films to place commercials in.Netflix’s ad tier arrives in response to a sudden slump for the streamer, which lost over 1 million subscribers in the US and Canada earlier this year and has seen its stock price plunge in response to investor concerns that its period of rapid growth has ended."