With thousands of subscribers deserting the platform, Netflix has announced a new, cheaper package to try and lure those now former customers back. However, the downside is you'd have to sit through adverts.
Quarterly figures for the streaming service showed they'd lost 200,000 people in just three months. That proved that Netflix had become one of the victims of the cost of living crisis.
However, Nextflix said they'd expect the news to be worse once their second-quarter results are announced with as many as two million people jumping ship. As a result of that announcement, the share price fell, wiping off roughly $70billion in total reports The Mirror.
