Netflix plans to create a cheaper version of its streaming service with ads, Bloomberg reported.
Netflix CEO Reed Hastings discussed this idea in a conversation with investors. The decision was made due to the outflow of paid subscription holders.
The agency did not provide further details about the service's possible new approach to providing access to its products. This is said to be a big change for Netflix.
In a quarterly report that was on Tuesday, April 19, Netflix announced the loss of 200,000 paying customers at the beginning of 2022.
The suspension of our service in Russia and the curtailment of all Russian paid programs had an impact on net growth in paid services in the amount of minus 700 thousand, excluding this impact, net growth in paid services amounted to 500 thousand, the report said.
Follow NEWS.am STYLE on Facebook, Twitter and Instagram
10:18, April 26
Kim Kardashian admits to not watching American Horror Story with her debut23:16, April 25
Miu Miu becomes world’s most popular brand22:19, April 25
Arnold Schwarzenegger reveals some subtleties of Sylvester Stallone's unique style21:31, April 25
LVMH exports more designer goods than France wines20:20, April 25
Bearded men are more attractive: Mark Zuckerberg is proof!19:27, April 25
Asia's richest man’s son drives around in $1M Ferrari, accompanied by security convoy16:36, April 25
Gustav Klimt painting, thought lost for 100 years, sold at auction for €30M15:22, April 25
Jennifer Lopez shows off rare Hermès Birkin bag worth more than $400,00014:55, April 25
One of Eddie Murphy's upcoming movies at center of investigation due to problems on set14:36, April 25
Irina Shayk looking for new man12:41, April 25
Kim Kardashian admits to some rumors about her being true12:10, April 25
Kanye West thinking about creating adult platform, Yeezy Porn