Way back a few years ago when Netflix started going down hill, I cut back to the cheapest plan at like $8.99 - it was limited to one screen at a time, and 1080p resolution. That's fine - my big TV is only 1080p resolution anyway so it worked.
Then they quietly raised pricing to $9.99 and I noticed my resolution had decreased to 720p. That was about two years ago. I cancelled my Netflix subscription after over 15 years as a Netflix customer (pre streaming back when it was DVD rentals only). I don't miss it.
Already planning on cancelling other services like HBO Max next - just don't watch enough television to justify it.