Basic with Adverts subscription available in 12 countries from 3 November as customer growth stalls

Netflix is to broadcast adverts for the first time from 3 November, as the streaming giant launches a new bargain priced £4.99 monthly package in a bid to reignite its stalled global growth.

The move will see the world’s biggest streaming company, which has this year seen its first quarterly decline in subscribers in more than a decade, offer a significant reduction to its cheapest existing ad-free package which is £6.99 a month in the UK.

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