Netflix has cancelled a number of TV shows and movies due to a significant drop in subscription numbers

POPULAR streaming service Netflix is said to have cancelled a number of TV series and movies as a result of its recent subscriber loss, Mirror reports

After announcing a loss of 200,000 customers earlier this month, the streaming service’s stock price plummeted by over 40%.

It’s the first time in a decade that its customer base hasn’t grown, and it expects to lose millions more by June 2022.

According to The Wrap, Netflix has reportedly cancelled a number of in-development series.