Stephen Colbert's Late Show has some suggestions for Netflix's ad-supported 'lite' option

Netflix's surprise announcement that it lost 200,000 subscribers last quarter sent its share price plummeting 35 percent on Wednesday. Even though the company still reported $1.6 billion in quarterly profit, its first subscriber loss in a decade prompted the streaming giant to contemplate a crackdown on the estimated 100 million subscribers who share their password and/or create a cheaper subscription supported by advertising. Stephen Colbert's Late Show found that last idea intriguing, and it opened Wednesday's show with a quick look at how a "Netflix Lite" might work

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Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.