Netflix's Ad Supported Tier

Ackman bailed out of Netflix when the company launched a new ad supported tier. Ackman: I find that on linear TV ad supported linear TV, Ben, you know, you try to watch a show and it just goes to seven or eight or 10 minutes of ads. And so it doesn't interest me because one of the things I really like is to be able to watch this stuff on an ad-free basis. The average revenue per user for people who are now paying for this cheaper plan is actually a lot higher as in they are making more money from the ads already in a suppressed price market.