As Netflix looks to improve its financial situation amid a deceleration of subscriber growth and a loss of $200 billion in market value since November, cloud computing cost-cutting measures could complicate the relationship between the market-leading streamer, its longtime partner Amazon Web Services and its new partner Microsoft.
Netflix, which has lost more than 1 million subscribers in 2022, is looking to “better control cloud computing costs” with longtime partner Amazon Web Services, according to The Wall Street Journal. The company is said to be closely eyeing costs, and particularly looking to tamp down increases, as it aims to grow its subscriber base to 500 million global customers in the next three years. This includes lowering the number of data copies it holds worldwide.
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