Netflix plans to reduce its spending by $300 million this year, as the streaming company is looking to cut costs, in part because its password-sharing crackdown was pushed back
Streamer is looking for fresh savings, partly because of impact of delayed password-sharing crackdownNetflix recently raised its estimate for how much free cash flow it aims to generate this year.
plans to reduce its spending by $300 million this year, according to people familiar with the matter, as the streaming giant continues its push to improve profitability in a competitive market.broadly in the U.S. and elsewhere were pushed back from the first quarter to the second quarter, the people said. That change is expected to generate new revenue.
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