Netflix has hurried plans to introduce its lower-priced ad-supported subscription plan.
The platform informed staff it might introduce promoting by the top of the yr, sooner than initially deliberate, reported the New York Occasions.
Final month, the streaming service introduced a lack of 200,000 subscribers, the corporate's first decline in over a decade.
And an additional lack of two million subscribers has been predicted within the subsequent quarter.
The discount of subscribers prompted Netflix to contemplate a how they will arrest the slide.
Choices embody a lower-priced model of the service, with promoting like ones supplied by rivals at NowTv or Disney Plus.
Netflix co-Chief Reed Hastings stated they might think about introducing a less expensive subscription service with adverts, however would 'determine it out by the top of the yr'.
However in an inside memo circulated to staff, the corporate introduced this could possibly be introduced by the top of 2022 - in addition to plans to crack down on password sharing amongst its subscriber base.
Netflix gives a number of plans to its 221.64 million subscribers - all with out promoting. Its hottest scheme prices £10.99 a month, and it was unclear how a lot the brand new one can be.
Now TV gives a spread of month-to-month subscriptions, the most cost effective being £9.99. Whereas Disney Plus supply a single all in price for simply £7.99 a month and no promoting.
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