BEVERLY HILLS, Calif. (AP) — Matt Groening said his new adult cartoon series “Disenchantment” has a feminist component that sets it apart from his previous shows. Groening spoke to reporters […]
Netflix CEO Reed Hastings is writing a book pulling back the curtain on his leadership strategy and the company’s culture. Co-authored by business writer Erin Miller, it will be published by Penguin next year.
With Comcast out of the picture, Disney will now likely acquire most of Fox and double its size with enough content and assets to square off against Netflix. Disney will also get access to a range of new cable channels in the deal to help populate its own streaming service.
NEW YORK (AP) — Put away your wallet — you won’t have to pay hundreds of dollars to see Bruce Springsteen’s Broadway show. Netflix announced Wednesday that it will broadcast […]
Exclusives
Netflix missed its 2Q target badly in the April-June period, causing its high-flying stock to plummet by about 14% to $345.63 in extended trading. The shares had more than doubled before the sell-off. If the stock plunges on the same trajectory during Tuesday’s regular trading session, it will be the steepest drop in nearly four years.
The streaming service will report earnings after the closing bell Monday. So far, the company has had an exceptional year. Shares have soared since the beginning of 2018. It has 125 million global subscribers, and is expected to announce it added 5.5 million more in the second quarter. Netflix was also recently valued at nearly $180 billion — more than Disney. Some analysts, however, say Netflix might have already peaked.
The streamer began notifying users this week that, as of July 30, they will no longer be able to write reviews for television shows and movies on its website. The feature, which was only available via Netflix’s desktop experience, will be removed entirely by mid-August and the reviews will no longer be available to read.
The Ultra plans cost $16.99 per month and is being tested in two versions. One offers four Ultra HD streams, while the existing $13.99 Premium plan would drop from four to two UHD streams. In the second offer, both Premium and Ultra customers would have access to four concurrent Ultra HD streams but only Ultra customers would have access to high dynamic range (HDR) content, which provides more vibrant color reproduction and higher contrast.
Netflix has established a substantial foothold in the American living room — especially among millennials. The subscription-video service is now the most popular platform for watching entertainment on TV, ahead of traditional cable and broadcast television networks as well as YouTube and Hulu, according to a recent survey of U.S. consumers by Wall Street firm Cowen & Co.
Americans aren’t watching less video entertainment each year. They’re actually watching much, much more—on their smartphones, laptops, and internet-connected TVs—thanks to the rise of streaming, where Netflix, not Disney, reigns supreme. However, Disney is building a streaming product to deliver its content, old and newly acquired, directly to consumers—let’s call it Disneyflix. When it launches, in 2019, it will include several exclusive series and every film in the Star Wars, Marvel Entertainment, Pixar Animation Studios and Disney Animation universes.
NEW YORK (AP) — Martin Scorsese will direct a comedy special for Netflix on the beloved Canadian sketch comedy show “SCTV.” Netflix on Thursday announced the untitled project that will […]
Baby boomers especially are drawn to the shows that fascinated them when they were young. With so many programming options, networks are smart to go back to a familiar property and spruce it up with a new cast and creative team to reel in old as well as young eyes.
Netflix executives were awarded sham bonuses in order to take advantage of tax law loopholes, according to a lawsuit filed by the City of Birmingham Relief and Retirement System, a company shareholder. The federal lawsuit, filed in US District Court in San Francisco, alleges Netflix gave “multi-million dollar windfalls” to certain executives.
NEW YORK (AP) — Ted Sarandos, Netflix’s chief content officer, on Wednesday said the streaming giant is pulling its films from the Cannes Film Festival, further intensifying an ongoing dispute […]
The case revolves around the key question of whether 20th Century Fox, or any studio, can hold its employees to fixed-term contracts. Two Fox employees left for jobs with the streaming giant in 2016. It is not uncommon for employees to leave before their contracts are up, but Fox chose to sue Netflix to combat what it saw as poaching. Netflix has countered that Fox’s contracts illegally bind employees to the company in a practice akin to slavery.
On Friday evening, Netflix announced that it would not be renewing its ’90s-set school comedy Everything Sucks after just one season, and Amazon almost simultaneously revealed that Mozart in the Jungle, which had run for four seasons, would not be returning. The axing of these two shows proves the landscape has changed significantly from just a few years ago, when streaming giants would use a seemingly endless pile of money and keep shows on the air forever.
Netflix is attempting its largest acquisition, offering more than $300 million to acquire Regency Outdoor Advertising, a company that owns billboards across Los Angeles, including West Hollywood’s famed Sunset Strip, according to people familiar with the matter.
A restless creator, a looming corporate megamerger and a Sunset Tower courtship: How Fox’s hitmaker behind American Horror Story, 911 and Feud was convinced to leave his home studio (and his “best friend” executive) for the biggest producer contract in television history: ” ‘More’ is my favorite word.”
Netflix is officially out at Cannes — out of the competition lineup, at least. Film festival head Theirry Fremaux said that it and other streamers can still show their films out of competition, but they won’t be in the running for a Palme d’Or. “The Netflix people loved the red carpet and would like to be present with other films. But they understand that the intransigence of their own model is now the opposite of ours,” Fremaux said.
LONDON (AP) — Producers of the Netflix drama “The Crown” apologized Tuesday to actors Claire Foy and Matt Smith over the revelation that Foy was paid less than her male […]
2018 is likely to finally be the year that more Americans get news online than from TV (we were almost there last year). Right now, it’s primarily an older crowd that watches TV news: 58% of those over 65 often get news from cable, for instance, versus just 10% of those 18-29, according to Pew. But — young people have to get their hard news video somewhere, right? (Uh…right?) Enter Facebook and Netflix.
