Netflix cuts Subscription in thirty countries

Netflix, which operates in more than 190 countries, has faced increased competition from streaming rivals including Amazon, HBO and Disney. Last year, the firm cut hundreds of jobs and launched a less expensive streaming option with adverts as it fought to grow its share of the increasingly competitive streaming market. Streaming giant Netflix has cut prices in more than 30 countries as it attempts to attract more subscribers. It comes as the rising cost of living sees households tightening their belts and Netflix faces increased competition from rival services. Will this work in favor of Netflix?