India Amarteifio and Corey Mylchreest as Young Queen Charlotte and Young King George
India Amarteifio and Corey Mylchreest in "Queen Charlotte," one of Netflix's most-watched shows last year.
  • Netflix plans to "retire" its $11.99 a month Basic subscription.
  • The plan is only available to existing users.
  • Netflix cemented its place as the dominant streaming service with its earnings on Tuesday.

Netflix plans to "retire" its cheapest ad-free plan in some countries.

The streaming giant has already limited the $11.99-a-month Basic subscription, blocking new or returning users from signing up for the plan in the US and UK since July last year.