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Netflix 'cancels TV series and movies' as streaming giant reveals huge subscriber loss

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Several films and TV shows have been cancelled by Netflix as the streaming giant loses thousands of subscribers, it has been reported.

Despite some huge hits like Squid Game and Bridgerton, Netflix revealed a shock fall in subscribers of 200,000 users in the first quarter of the year and its stock price soon dropped by more than 35 per cent.

The Mirror reports that it is the first time in a decade that Netflix's customer base has failed to grow - and thousands more subscribers are predicted to be gone by June 2022.

Competition from other streaming services and the quality of the content on the platform have all been suggested as possible reasons for Netflix's current predicament.

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