Netflix to launch ad-supported tier with Microsoft in 2023

Netflix lost nearly another million subscribers during the second quarter of 2022, but it hopes the launch of a new ad-supported streaming tier in partnership with Microsoft early next year can boost growth.The new budget service will launch early in 2023, starting in a select number of regions where advertising spend is strongest. This will join the existing ad-free basic tier, as well as paid standard and premium subscription plans.Netflix chief operating officer Greg Peters told analyst