Netflix plans cheaper, ad-supported subscription tiers

[The Morning After]( Now available on your smart speaker and wherever you get your podcasts [Apple Podcasts]( | [Spotify]( | [Google Play]( | [iHeart Radio]( It's Thursday, April 21, 2022. Netflix might offer [cheaper, ad-supported plans]( in the coming years. In the company's most recent earnings call, co-CEO Reed Hastings said the company is working on the offering, and it’ll finalize details for those plans "over the next year or two." The service lost around 200,000 subscribers in the first quarter of 2022, a development it blamed on stiffer competition, inability to expand in some territories due to technological limitations and pesky account sharing. It also lost 700,000 subscribers in early March after its decision to suspend service in Russia. To tackle account sharing, Netflix has tested a feature in Chile, Costa Rica and Peru that allowed subscribers to add two "sub-members," who'll get their own log-ins and profiles, for $3 — much less than the typical subscription cost. Netflix executives noted on its earning call that this model could expand to other countries. We’ve put our account-sharing parents and children on notice. — Mat Smith The biggest stories you might have missed - [The Obamas are reportedly leaving Spotify]( - [Apple Music now offers DJ mixes in spatial audio]( - [BMW's first all-electric 7 series starts at $120,295]( - [Lexus announces the RZ, its first purpose-built EV]( - [UK court orders US extradition of Julian Assange on espionage charges]( - [Okta says Lapsus$ breach affected only two clients]( - [UK regulators will allow drivers to watch TV in autonomous cars]( - [A Ghostbusters VR game is coming to Meta Quest 2]( [Tesla nearly doubled its revenue in Q1 despite industry-wide supply chain woes]( Revenue rose to $18.76 billion in the face of rising inflation. 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