The loss of 970,000 paying customers in the most recent quarter was not as big as expected, and left Netflix with just shy of 221 million subscribers.
Following a disappointing first quarter in which Netflix lost subscribers for the first time in a decade, the company has announced plans to launch a cheaper, ad-based subscription plan.
Netflix's most-watched series ever, South Korean smash hit Squid Game, is tipped to become the first foreign-language show to break into the prestigious Primetime Emmys drama ranks.
The announcement comes with Netflix facing unfamiliar pressure, having lost subscribers earlier this year after years of uninterrupted growth, and seeing its share price plummet.
Netflix is looking for recruits to compete for millions of dollars in a reality TV show based on its popular series Squid Game.
Netflix has already lost a big number of subscribers, signalling trouble ahead for the industry as rising prices of food and gas left people with little to spend on entertainment.
Netflix believes these changes will help it build upon its current 221.6 million worldwide subscribers, after the company revealed its ranks of subscribers shrank in the first quarter of this year.
Inflation, conflict in Ukraine and fierce competition contributed to a loss of 200,000 subscribers and erased about $40 billion of stock market value, the video streaming giant says.
US-based streaming service will begin offering subscribers in Chile, Costa Rica and Peru option to add as many as two people to "sub-accounts" at a monthly fee of $2 to $3, before making changes anywhere else.
The list of global companies cutting ties with Russia continues to grow as sanctions against Moscow rack up over its attacks on Ukraine.
The new film depicting taboo topics in Middle Eastern society has sparked debate among viewers, even as bold cinema in the region dates back to Egypt’s 1940s-1960s golden age of filmmaking.
Gamestop stocks, Taliban takeover, Covid vaccines, and Olivia Rodrigo’s rise to fame, here are the Google searches that defined 2021 across the world.
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