IndieWire reported on Thursday that Netflix has surpassed 157.000 million paid subscribers worldwide, an increase of 7 in the last quarter of .66 million subscribers . The news site also reported that the company’s co-founder and co-CEO Reed Hastings is stepping down.
Netflix also announced that its “Pay to Share” subscription option will be “broader” Offered in the first quarter of 2022.
The company named Greg Peters as Co-CEO, who will join Ted Sarandos
. Peters was previously the company’s chief operating officer. Hastings will now serve as Executive Chairman of Netflix.
Netflix predicted revenue of 4.66 million subscribers for the fourth and final quarter. The company added 2. million subscribers in the third quarter Its service , lost about 300 later, subscribers for the first quarter of this year, and another 230,000 in the second quarter.
Netflix‘s new ad-supported “basic and Ads” subscription tier launched on November 3 in the US, UK, Canada, Japan, South Korea, Mexico, Brazil, Spain, France, Germany, Italy and Australia.
Netflix announced layoffs of 300 employees in June. The Hollywood Reporter said the layoffs accounted for about 3% of the company’s current workforce. Netflix layoffs about 157 employees, mostly in the US, may.
The streaming service earlier implemented subscription plan price increases in the US and Canada 2023.
Source: IndieWire (Tony Maglio) (Link 2, Wilson Chapman) 185777