Netflix’s recently launched ad-supported tier already has almost 5 million active users per month.
Netflix is reportedly planning to reduce its spending by $300 million this year.
Netflix is hoping that new investment in South Korea will lead to the discovery of the next Squid Game.
Netflix continues to lead in terms of streaming usage in Poland, claiming a 1.8% share of total TV viewing in March.
Netflix will wind down its DVD business, which it launched a quarter of a century ago and paved the way for streaming, later this year.
Netflix has announced that its engineering centre in Poland is now operational.
Maja Porczynska has been appointed to the new position of director, strategic partnerships and business development in CEE, Baltics & CIS at Netflix.
Netflix has begun to introduce a series of price cuts in over 100 markets as the competition among streaming services intensifies.
The streaming service HBO Max gained an additional 900,000 internet viewers in Poland in January.
Netflix has published details of new rules to prevent the estimated 100,000 users that are sharing another subscriber’s account from accessing its content.