Netflix first hinted at a lower-cost, ad-supported tier in May, and then confirmed it last month. Although Netflix has not announced an official release date for the tier, it is expected to be available to customers by the end of 2022. The announcement of Netflix’s ad-supported tier came after the company revealed a drop in subscribers for the first time in a decade in the previous quarter, topping out at 222 million globally. To help mitigate a drop in subscribers and revenue, the company is also looking into live streaming and ways to crack down on password sharing.
