Things just went from bad to worse for Netflix

EntertainmentStreamingThings just went from bad to worse for NetflixCancellations, 200,000 subscriber loss and now a lawsuitWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.

Cancellations, 200,000 subscriber loss and now a lawsuit

When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.

(Image credit: SOPA Images / Getty Images)

Netflix red logo and remote contol

(Image credit: SOPA Images / Getty Images)

It’s been a rough couple of weeks forNetflixwith things only set to get worse for the streaming platform, as one of its shareholders has now filed a lawsuit against the company.

The suit looks to address anyone who owned shares between October 19th, 2021 and April 19th, 2022.

“As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s securities, Plaintiff and other Class members have suffered significant losses and damages.”

Netflix’s monetary issues have seen numerous of its original showscancelledover the last few months, though that hasn’t stoppedStrangers Thingsfrom getting a $30 million budget per episode. This lawsuit also comes off the back of anew proposalfrom the British government that looks to change how streaming services are operated in the country and potentially beyond.

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At the very least, Netflix did renew its surprise hit drama,Sweet Magnolias, for a rare third season.

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