Netflix's (NFLX) ad tier, which was launched about 2 years ago, has reached 70 million monthly active users globally. Netflix President ofAdvertising Amy Reinhard says in the release that "over 50% of new Netflix sign-ups are for the ads plan in ad-supported countries."

Yahoo Finance Anchors Madison Mills and Josh Lipton discuss the announcement in the video above.

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This post was written by Stephanie Mikulich.