Netflix will start phasing out its Basic plan, its cheapest advertising-free plan, which costs $11.99 per month in the United States, the company said on Thursday.

Streaming giant Netflix announced it is nixing the Basic plan for U.S. and French subscribers as it reported its second-quarter earnings on Thursday evening.

Netflix will start phasing out its Basic plan, its cheapest advertising-free plan, which costs $11.99 per month in the United States, the company said on Thursday.

By Samantha Delouya, CNN (CNN) — Netflix will start phasing out its Basic plan, its cheapest advertising-free plan, which costs $11.99 per month in the United States, the company said on ...