Is Netflix panicking? Probably.
According to The New York Times, Netflix executives told employees of plans to lower the price of entry into the streaming platform by introducing a more affordable advertisement-supported tier before the year ends.
Netflix's Chief Financial Officer, Spencer Neumann, confirmed in March that the company isn't thinking about ad-supported plans right now, which came weeks after Disney revealed its plans to launch an ad-supported offering.
There's no doubt that the sudden change of heart for Netflix comes after the brand reported losing subscribers for the first time in ten years.
Unfortunately, it's hard not to wonder if Netflix still knows what it's doing. The latest update comes after Netflix canceled a series of shows such as Space Force, Archive 81, and a sequel to 2017's Bright, starring Will Smith. It feels rather counterintuitive for Netflix to drop the original shows that had a fairly sizable audience and worry about losing numbers.
