NEW DELHI :
American streaming service Netflix lost 200,000 global subscribers in the January to March quarter on the back of the suspension of Russia operations, slow growth rate, rising competition, and account sharing by consumers.
The company, however, said India, Japan, the Philippines, Thailand, and Taiwan were witnessing “nice growth”. The Asia Pacific region saw 1.09 million paid member additions in the three months, down from 2.6 million a quarter-ago.
Netflix founder and chairman Reed Hastings said it may consider an advertising-led model for low-priced plans.
“We’re trying to figure out over the next year or two. But think of us as quite open to offering even lower prices with advertising as a consumer choice.” The strategy is already working for peers Hulu and Disney, he said during…
