Netflix will create a cheap version of its service

Due to a drop in paid subscriptions, Netflix is intending to introduce a cheaper version of its streaming service with advertising inserts.

According to Bloomberg, Netflix CEO Reed Hastings revealed this in a chat with investors. Netflix’s proposed new method of giving access to its products was not discussed further by the agency. It did emphasize, though, that this “would be a significant shift for the organization.” According to a quarterly report released on Tuesday, Netflix lost 200,000 paid customers in early 2022, despite a positive outlook of 2.5 million paid subscribers.

“The suspension of our service in Russia and the curtailment of all Russian paid programs affected the net increase in paid services in the amount of minus 700 thousand, not taking into account this impact, the net increase in paid services amounted to 500 thousand,” the document said. Such a significant loss in the customer base is due to a decrease in the number of users who purchase a paid subscription to services. It is noted that this is recorded in all regions. These reports caused Netflix shares to fall 25.7% in trading.

Related Posts

What three signs of the Zodiac Wolf Messing considered special

According to the legendary Wolf Messing, there are three special signs of the Zodiac, which are radically different from all others. No matter what anyone said, all…

Top 7 berries and fruits that can reduce waistline

Fruits and berries can be excellent companions in the pursuit of an ideal figure.  During diets, we often replace sweets and baked goods with fruits that contain…

Bitcoin has fallen below 30 thousand dollars

Bitcoin dipped to $ 29,900 this morning before rising beyond $ 30,000. However, the circumstance reinforces analysts’ predictions that the downturn will continue. It wasn’t long ago…

How to remember names, dates and more

Here are some effective tips. Every person receives a huge amount of information. She usually remembers the most important and necessary information easily, because she realizes that…

Conti named the most active hacker group in 2022

The most active hacker group in the world at the end of March was Locbkit. They accounted for 38% of all ransomware attacks between January and March…

The best alternatives to Google Translate in 2022

In this article, we will see alternatives to Google Translate. Translating texts from one language to another is made easier with the free Google Translate service. Is…

Leave a Reply

Your email address will not be published.