Netflix and sport? Stranger things have happened
Sport has an “audience that no other product can deliver”
Company
Netflix Inc
NASDAQ:NFLX
Netflix Inc is one of the world's leading entertainment services with over 260 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages. Members can play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time.
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Netflix axes staff as subscriber numbers fall
Netflix said it lost about 200,000 subscribers globally, and projected it would lose a further 2mln in the upcoming quarter
Netflix pitches reality show based on Squid Game with cash award of US$4.56mln
Filmed in the UK by ITV Studios, 456 people will compete in the game for a US$4.56mln reward
Netflix shares dumped by hedge funds even before its recent gloomy results
The 52-week trading range for Netflix is US$162.71 - 700.99, with the current share price very much at the lower end of that range
Walt Disney reports higher streaming services sign-ups unlike rival Netflix
Sales climbed 23%, bolstered by its amusement park business that saw revenues more than double, while profits dropped by almost half
Netflix may introduce cheaper ad-supported plan by Christmas
The company expects to crack down on password-sharing violators during the same timeframe
Does HBO’s emphatic outperformance explain what’s going wrong for Netflix?
One platform is growing rapidly whilst the other has slowed to a halt.
HBO Max delivers solid subscriber growth
Subscription revenue, up 4.4% to US$4bn, was primarily driven by HBO Max, and higher content and other revenues
CNN to shut down streaming service just a month after launch
The decision comes just days after Netflix had nearly US$50bn wiped off its valuation after losing 200,000 subscribers in the first three months of the year
Billionaire Ackman sells Netflix stake at US$430mln loss
$50bln was wiped off Netflix's value yesterday after revealing it was losing subscribers
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Fuller Treacy Comment of the Day - Sahara Solar Could Rescue Britain's Broken Energy System and Netflix Breaks Rules as Subscriber Losses Batter Shares
Comment of the DayVideo commentary for April 20th 2022 A link to today's video commentary is posted in the Subscriber's Area.Email of the day on investing in autocraciesWhich firms have monopoly - pricing power?My view - Thank you for this
Netflix value falls US$50bn on shock drop in subscribers
Shares in the streaming giant fell 38% to a four-year low
Netflix earnings under more scrutiny as UK households slash non-essential spending
The company guided to 2.5mln new customer additions in the first quarter of 2022, well below the 4mln a year before and the 8.3mln in the fourth quarter of 2021
UK cost-of-living-crisis hits streaming subscription services
Kantar said there were 1.51mln cancellations, outweighing new subscriptions at 1.29mln
Netflix tests charging for password sharing
Members will be able to add up to two accounts for people they do not live with
Netflix announces first ever price rise for UK basic package
"Our updated prices reflect the investment we have made in our service and catalogue"
Five at Five: Another FTSE 100 fall, rate rise coming, Optibiotix readies new generation of products, Biden turns on crypto and Tesla tanks
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Attention turns to other FAANG companies as Netflix shares plummet
Netflix was the first of the FAANG companies to report results this year