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Netflix Flags Advertising Is Coming After Subscriber Loss in Q1

By Martin Peers
· · Source: The Information

Netflix reported a drop in subscribers for the first quarter and projected a more severe decline in the second quarter, as the company acknowledged it had misread its growth potential. Meanwhile, Netflix co-CEO Reed Hastings revealed on a conference call with analysts that he was “open” to offering a lower-priced tier supported by advertising, a significant change in Netflix’s longtime opposition...

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