Streaming service Netflix will soon offer a cheaper subscription option that will contain ads, according to CNN.

As Netflix is \u200b\u200bgoing through one of the most difficult times in its 25-year history, the company has taken a step it has long abandoned: the introduction of a subscription “economy option.”.

Netflix will reportedly work with Microsoft to create an ad-supported subscription.

The launch date for this project has not yet been officially announced..

The company said that it is in its early stages and that the company "

Greg Peters, chief operating officer and product manager, promised users strong privacy protections.

As reported in the first quarter of 2022, Netflix lost 200,000 subscribers and expects to lose another 2 million in the second quarter.. The news sent stocks crashing and scared investors.

Recall that in early February, Netflix bought the rights to show Oleg Sentsov's film "