Netflix and Microsoft team up for cheaper plan with adverts

Netflix has teamed up with Microsoft to offer a cheaper subscription plan to customers that will show adverts.

The streaming giant says the service will be an "addition" to its existing plans, which do not include adverts.

The company has not yet revealed how much it plans to charge subscribers for the new service.

Netflix announced the move after it reported its first subscriber loss in more than a decade and cut hundreds of jobs earlier this year. read more