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Al Jazeera
Al Jazeera
Business

EXPLAINED: Netflix partners with microsoft to offer cheaper plan with ads - The Real Truth

Netflix said in April that it would introduce a new, lower-priced version of its service in a bid to attract more subscribers [File: Dado Ruvic/Reuters]

Streaming giant Netflix says it will work with Microsoft to offer a cheaper subscription plan that includes advertisements as it fights to attract customers.

The announcement on Wednesday came as the company posted its first subscriber loss in more than a decade, and also projected deeper losses to come.

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