Netflix believes these changes will help it build upon its current 221.6 million worldwide subscribers, after the company revealed its ranks of subscribers shrank in the first quarter of this year.
Inflation, conflict in Ukraine and fierce competition contributed to a loss of 200,000 subscribers and erased about $40 billion of stock market value, the video streaming giant says.
US-based streaming service will begin offering subscribers in Chile, Costa Rica and Peru option to add as many as two people to "sub-accounts" at a monthly fee of $2 to $3, before making changes anywhere else.
Disney+ has seen astronomical growth during the coronavirus pandemic as drew in around 60.5 million new members by the end of June.
Successive delays of the film industry's would-be blockbusters has only made the dire circumstances of movie theatres more acute.
Disney+ launched in Britain, Ireland, Germany, Italy, Spain, Austria and Switzerland with reduced picture quality to ease data volumes flowing through networks amid the coronavirus pandemic.
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