Business

Netflix will provide a more affordable, ad-supported subscription option in November

A lower, ad-supported tier for Netflix’s streaming service is reportedly going to emerge at the beginning of November as the firm works to stop the loss of more than 1 million customers in 2022. Originally scheduled to begin in 2023, Variety claimed last week that the service had been moved up to 1 November in…

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Entertainment

Peacock will release ‘Downton Abbey: A New Era’ on its streaming service

On June 24th, Peacock will release Downton Abbey: A New Era on its streaming service. Following its theatrical premiere on May 20th, the picture will be available to stream exclusively on the platform. New Era is the follow-up to both the 2019 Downton Abbey film (which Peacock also owns the streaming rights to) and the…

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Business

Netflix’s stock has dropped more than 20% after losing 200,000 members in the first quarter

Today’s Netflix news is concerning. The streaming service reported losing 200,000 customers in the first quarter of 2022, its first drop in almost a decade. And the company’s losses are expected to continue, with Netflix forecasting a 2 million global paid subscriber loss in the second quarter. This loss is higher than the company’s previous…

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