In the second quarter of 2022, the most expensive digital streaming platform Netflix has lost nearly one million subscribers . Now, it has a total of 221 million subscribers. The platform has lost 9,70,000 subscribers and this is the highest loss for the streaming platform till date.
The shares of the platform have been witnessing a decline for months. As a result, the platform officials are looking to implement an affordable plan that will consist of advertisements between streaming shows.
For the unversed, the main reason behind Netflix’s decline is its expensive subscribig plans. As the plans are not affordable mainly in India, there aren’t any subscribers.
It has also imposed stern instructions for logins and they are in plans to charge for password sharing. The platform authorities are working with Microsoft and will introduce an affordable subscription with advertisements. The affordable plan is likely to be priced at 10 USD per month in the US.