Netflix to include new ad-supported subscription and more engaging content

Netflix had a bad quarter, and it's not me who is stating this, but the reports have claimed that the platform has lost around 200,000+ subscribers recently. Netflix is now working on making some necessary amendments like a new ad-supported subscription, for users who are willing to spend less cash in the streaming service segment. When Netflix had trouble with password sharing, there were other players like Amazon Prime, HBO Max, and Disney+Hotstar already had the policy for using the platform. Ted Sarandos, the CEO of Netflix noted in the last earnings call that the platform will focus on “big event films”. He further stated that Netflix has spent the last couple of months quite roughly removing content like animation, original independent features, and family live-action films.