Netflix mulls minimising password sharing, low-cost subscription after losing 200,000 subscribers

With an unexpectedly sharp drop in subscribers, streaming giant Netflix is considering changes in its subscription plans, majorly looking to minimize password sharing, and create a low-cost single-subscription instead. Reports suggest that it will take help from advertising, just like its rival streaming platform Hulu. Netflix majorly saw a boom in its subscribers in the year 2020, when it added 36 million subscribers. However, this year, its subscriber base fell by 200,000 subscribers during the January-March quarter, the first contraction the streaming service has seen since it became available throughout most of the world other than China six years ago, reported news agency AP.

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