Netflix may test just how essential it is
4 years, 2 months ago

Netflix may test just how essential it is

Live Mint  

Forget dinner and a movie. The price of a standard plan, Netflix’s most popular, recently increased for Canadians by C$1 to C$15 a month; its premium service for 4K streaming went up C$2 to C$19 a month. As the company improves its product, it will “occasionally go back and ask those members to pay a little bit more to keep that virtuous cycle of investment and value creation going,” Greg Peters, Netflix’s chief operating officer, said when asked about the potential for higher rates during Tuesday’s pre-recorded earnings video call. In a survey that Wall Street research firm Cowen & Co. regularly conducts, 53% of respondents said in September that they’d be willing to pay more for Netflix than they already do — a jump from 48% at the end of last year. Regardless of how long the pandemic persists — and as much of a leader as it is now with 195 million paying members — Netflix’s growth is slowing in the U.S., and so it’s going to need another way to pay for its immense content bills.

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History of this topic

Netflix's Price-Hiking Dilemma: Will the Streaming Giant Raise the Price?
2 months, 3 weeks ago

Netflix's Price-Hiking Dilemma: Will the Streaming Giant Raise the Price?

Live Mint  

Netflix delivers strong third-quarter results, with an operating profit of $2.9 billion, exceeding Wall Street expectations. The company's stock rose 5% following the announcement, indicating a positive outlook despite some concerns about price hikes. While Netflix's ad-supported plan remains competitive, the company is exploring alternative revenue streams, including increased membership and the return of traditional advertising. Despite the challenges of …

Netflix’s subscriber and earnings growth on the rise as password-sharing crackdown pays off
5 months, 3 weeks ago

Netflix’s subscriber and earnings growth on the rise as password-sharing crackdown pays off

The Hindu  

Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup. Given that the competition in video streaming seems to be ramping up again, Investing.com analyst Thomas Monteiro called “the lowering of guidance an intelligent strategy for keeping excitement put …

Netflix’s subscriber and earnings growth gather more momentum as password-sharing crackdown pays off
5 months, 3 weeks ago

Netflix’s subscriber and earnings growth gather more momentum as password-sharing crackdown pays off

Associated Press  

Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup. Given that the competition in video streaming seems to be ramping up again, Investing.com analyst Thomas Monteiro called “the lowering of guidance an intelligent strategy for keeping excitement put …

Netflix’s recipe for success includes ‘secret sauce’ spiced with Silicon Valley savvy
7 months ago

Netflix’s recipe for success includes ‘secret sauce’ spiced with Silicon Valley savvy

Associated Press  

LOS GATOS, Calif. — Although its video streaming service sparkles with a Hollywood sheen, Netflix still taps its roots in Silicon Valley to stay a step ahead of traditional TV and movie studios. “It is a secret sauce for us, no doubt,” Eunice Kim, Netflix’s chief product officer, said while discussing the nuances of the ways Netflix tries to reel …

Will Netflix get into the TV news business? Here are the pros and cons
7 months ago

Will Netflix get into the TV news business? Here are the pros and cons

LA Times  

After embracing sports and commercials, is news the next step for Netflix? After diving into sports, news could be a logical next step for the company as it seeks to become viewers’ one-stop shop for TV viewing. These are not firm lines in the sand.” Still, veterans of the TV news business have some advice for Netflix: don’t do it. …

Netflix Had a Password-Sharing Problem. Greg Peters Fixed It
7 months, 3 weeks ago

Netflix Had a Password-Sharing Problem. Greg Peters Fixed It

Bloomberg  

In mid-February, Greg Peters, the co-CEO of Netflix, strode onstage at the Hollywood Palladium, an art deco concert venue in Los Angeles, to deliver a pep talk to what the company calls its New Employee College. Dressed in a button-down shirt and white zip-up sweater, Peters, lanky with striking green eyes, gave a summary of Netflix’s history before analyzing the …

Netflix now has nearly 270 million subscribers after another strong showing to begin 2024
8 months, 3 weeks ago

Netflix now has nearly 270 million subscribers after another strong showing to begin 2024

Associated Press  

Netflix gained another 9.3 million subscribers to start the year while its profit soared with the help of a still-emerging expansion into advertising, but caught investors off guard with a change that will make it more difficult to track the video streaming service’s future growth. The strategy resulted in Netflix adding 30 million subscribers last year — the second largest …

Netflix to remove its cheapest ad-free subscription – as password crackdown pays off
11 months, 2 weeks ago

Netflix to remove its cheapest ad-free subscription – as password crackdown pays off

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The holiday season gains - the biggest Netflix has posted in the fourth quarter - exceeded the …

Netflix’s gains 13M new global 4Q subscribers as it unwraps its best-ever holiday season results
11 months, 2 weeks ago

Netflix’s gains 13M new global 4Q subscribers as it unwraps its best-ever holiday season results

Associated Press  

SAN FRANCISCO — Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service and a smattering of price hikes. Netflix signaled it will try to justify the higher subscription prices — and perhaps reel in more advertisers to …

Netflix's subscriber growth surges as streaming service unwraps best-ever holiday season results
11 months, 2 weeks ago

Netflix's subscriber growth surges as streaming service unwraps best-ever holiday season results

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Netflix registered its third-consecutive quarter …

Netflix has just released its most harrowing movie to date
1 year ago

Netflix has just released its most harrowing movie to date

The Independent  

Sign up to our free IndyArts newsletter for all the latest entertainment news and reviews Sign up to our free IndyArts newsletter Sign up to our free IndyArts newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. ORIGINAL Movies 4 January Society of the Snow 5 January Good Grief 12 January Lift …

Netflix users distraught after learning about the end of beloved series
1 year, 5 months ago

Netflix users distraught after learning about the end of beloved series

The Independent  

Sign up to our free IndyArts newsletter for all the latest entertainment news and reviews Sign up to our free IndyArts newsletter Sign up to our free IndyArts newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. More to come soon.” “Missed that this lovely and fun show is ending,” one fan …

Netflix’s subscribers surge after password-sharing crackdown
1 year, 5 months ago

Netflix’s subscribers surge after password-sharing crackdown

Al Jazeera  

Streaming giant says it added nearly 6 million customers after restricting the sharing of accounts between households. Netflix has announced the addition of nearly six million new subscribers following its crackdown on password sharing. Both figures marked an improvement in Netflix’s fortunes compared with the first quarter, when the entertainment company reported 1.75 million new subscribers and a profit of …

Netflix’s subscriber growth surges in a sign that crackdown on password sharing is paying off
1 year, 5 months ago

Netflix’s subscriber growth surges in a sign that crackdown on password sharing is paying off

Associated Press  

SAN FRANCISCO — Netflix enjoyed its biggest springtime spurt in subscribers since the early days of the pandemic three years ago, providing the latest sign that a recent crackdown on password sharing and the rollout of a cheaper subscription option are paying off. Money manager Louis Navellier said Netflix now appears “locked and loaded” again after going through a turbulent …

Netflix expands password-sharing crackdown worldwide
1 year, 7 months ago

Netflix expands password-sharing crackdown worldwide

Deccan Chronicle  

SAN FRANCISCO: Netflix on Tuesday expanded its crackdown on users sharing passwords with people beyond their immediate family as it seeks to shore up revenue at the leading streaming television service. Netflix said early this year that more than 100 million households were sharing accounts at the service, "impacting our ability to invest in great new TV and films." As …

Netflix cuts DVD-rental business 25 years after it launched the company
1 year, 8 months ago

Netflix cuts DVD-rental business 25 years after it launched the company

Daily Mail  

Netflix is saying goodbye to physical DVDs 25 years after its mail service disrupted the movie rental industry irrevocably. 'Those iconic red envelopes changed the way people watched shows and movies at home — and they paved the way for the shift to streaming,' a Netflix statement reads. After 25 years, Netflix is saying goodbye to the feature that made …

Netflix to tighten restrictions on password-sharing
1 year, 8 months ago

Netflix to tighten restrictions on password-sharing

Live Mint  

Netflix is set to crack down on US customers who share their accounts with others, with plans to charge such users, in a move that could see an increase in growth in the latter half of the year. The streaming giant has been testing ways to reduce account sharing in Latin America, where it has already rolled out a plan …

Netflix to end DVD-by-mail business. Execs explain ‘Love Is Blind’ snafu
1 year, 8 months ago

Netflix to end DVD-by-mail business. Execs explain ‘Love Is Blind’ snafu

LA Times  

Netflix’s DVD-by-mail service is coming to an end. “Our goal has always been to provide the best service for our members but as the business continues to shrink that’s going to become increasingly difficult,” Netflix co-Chief Executive Ted Sarandos wrote in a blog post. Popular Netflix series in the first quarter include action thriller “The Night Agent,” which has drawn …

Netflix Likely to Stop Password-Sharing Feature in 2023, Details Here
2 years ago

Netflix Likely to Stop Password-Sharing Feature in 2023, Details Here

The Quint  

According to estimates put forward by the company, over 100 million Netflix viewers watch shows and movies on the streaming service app or website using passwords borrowed from friends and family. Netflix has started testing their feature of additional fees for password sharing in a few Latin American countries and they are charging around $3 extra. As per the plans, …

New on Netflix in December 2022: Every movie and TV show coming this month
2 years, 1 month ago

New on Netflix in December 2022: Every movie and TV show coming this month

The Independent  

Sign up to our free IndyArts newsletter for all the latest entertainment news and reviews Sign up to our free IndyArts newsletter Sign up to our free IndyArts newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. There are also new Guillermo del Toro, Alejandro González Iñárritu and Noah Baumbach films being …

Netflix rebounds from recent subscriber losses with 3Q gain
2 years, 2 months ago

Netflix rebounds from recent subscriber losses with 3Q gain

Associated Press  

SAN FRANCISCO — Netflix reversed its recent subscriber losses with a summertime gain that management is hoping to build upon with the upcoming launch of a cheaper version of the video streaming service that will include ads for the first time. Netflix now boasts 223 million subscribers, enabling the company to at least temporarily reclaim the mantle as the world’s …

Netflix sets $7 monthly price for its ad-supported service
2 years, 2 months ago

Netflix sets $7 monthly price for its ad-supported service

Associated Press  

SAN RAMON, Calif. — Netflix next month will unveil the first version of its video streaming service with ads, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up with commercial interruptions. Netflix’s ad-supported option will also be rolling out in Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, …

Netflix's post-Covid slump continues: Streaming giant loses almost ONE MILLION subscribers
2 years, 5 months ago

Netflix's post-Covid slump continues: Streaming giant loses almost ONE MILLION subscribers

Daily Mail  

Netflix shares remain at historic lows after the US streaming giant shed nearly one million subscribers during the Spring due to its 'woke' content and rampaging inflation hurting millions of cash-strapped families in Europe and North America. Netflix shed 970,000 subscribers in April-June 2022 Though shares rose around 7% after the April-June results were published, they are still 66% down …

Netflix Loses About 1 Million Subscribers In Q2; Still Less Than Anticipated Loss
2 years, 5 months ago

Netflix Loses About 1 Million Subscribers In Q2; Still Less Than Anticipated Loss

News 18  

Netflix lost almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video streaming services effort to launch a cheaper option with commercial interruptions. It could have been far worse, though, considering Netflix management released an April forecast calling for a loss of 2 million subscribers during the …

Netflix: Here is why Netflix lost around 10 lac subscriber
2 years, 5 months ago

Netflix: Here is why Netflix lost around 10 lac subscriber

India TV News  

Netflix: A popular video streaming platform has announced that it has lost around a million paid subscribers in the second quarter of 2022. In an official statement, Netflix said, "The second quarter was better-than-expected on membership growth, and foreign exchange was worse-than-expected, resulting in 9 per cent revenue growth." Netflix said it has 73.28 million paid subscribers in the US …

Netflix lays off hundreds of employees in second round of job cuts
2 years, 6 months ago

Netflix lays off hundreds of employees in second round of job cuts

Live Mint  

Netflix Inc said it laid off 300 employees, or about 4% of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade. "While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in …

Watch The Show, Play The Game: Netflix Games Will Finally Have Some ‘Netflix’ In It
2 years, 6 months ago

Watch The Show, Play The Game: Netflix Games Will Finally Have Some ‘Netflix’ In It

ABP News  

When OTT giant Netflix announced that it would get into gaming in 2021, people's expectations were high. Titles like “This is a True Story” and “Into the Dead 2: Unleashed” got the service's gaming ball really rolling a few weeks ago, and recently at its Geekend Week event, Netflix finally made the move that many had expected from it at …

Netflix sacks 150 staff as streaming giant records drop in profits and subscribers
2 years, 7 months ago

Netflix sacks 150 staff as streaming giant records drop in profits and subscribers

ABC  

Netflix on Tuesday said it had sacked about 2 per cent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. Key points: The majority of the 150 staff to be laid off are based in the United States The lay-offs come after the streaming giant recorded a drop to 221.6 million subscribers Netflix …

Has Netflix hit its peak? That might not be a bad thing
2 years, 8 months ago

Has Netflix hit its peak? That might not be a bad thing

Live Mint  

If Netflix stopped adding new shows to its endless lineup, how long would it take for us to notice? The story so far: Netflix has lost over 200,000 subscribers in the first three months of 2022, though one must note this comes with a big red asterisk: the service has disabled 700,000 subscribers from Russia following the conflict with Ukraine, …

Netflix crisis: Why the reports of its death are grossly exaggerated
2 years, 8 months ago

Netflix crisis: Why the reports of its death are grossly exaggerated

Firstpost  

The news that Netflix has finally fallen to earth after losing some 200,000 subscribers in the first quarter of this year and the subsequent slump in its share price has evoked two extreme kinds of reactions. Others have variously described Netflix’s troubles as a “moment of reckoning” and a “gut-wrenching moment” for an industry that until the other day was …

Netflix and no chill: How the giant's loss of subscribers has shaken up the streaming industry
2 years, 8 months ago

Netflix and no chill: How the giant's loss of subscribers has shaken up the streaming industry

Firstpost  

Netflix’s performance could also cause rivals to reconsider their own international expansion plans, potentially making more targeted efforts overseas. “I would guess today they’re saying, ‘Maybe trees don’t grow to the skies.’” The media industry, worried about declining movie theater ticket sales and broadcast television ratings, has been reshaping itself on the fly to go all-in on streaming and compete …

Netflix confirms it is launching a big crackdown on password sharing – and explains why
2 years, 8 months ago

Netflix confirms it is launching a big crackdown on password sharing – and explains why

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a letter to subscribers, Netflix said that an estimated 100 million people are watching Netflix using …

Netflix planning to introduce ads, CEO says
2 years, 8 months ago

Netflix planning to introduce ads, CEO says

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The streaming giant is examine the option of adding advertising in the “next year or two”, boss …

Netflix may soon provide cheaper plans ‘with ads’ to get back lost subscribers
2 years, 8 months ago

Netflix may soon provide cheaper plans ‘with ads’ to get back lost subscribers

Hindustan Times  

Rocked by a huge loss of subscribers amid inflation and the war between Russia and Ukraine, leading online streaming platform Netflix has announced that it may offer cheaper plans that have This comes as the company reportedly lost 200,000 subscribers in its first quarter – the first such decline in a decade of its services – fuelled by growing competitors, …

Netflix shares drop 25% after service loses 200K subscribers
2 years, 8 months ago

Netflix shares drop 25% after service loses 200K subscribers

Associated Press  

SAN FRANCISCO — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world outside of China …

Netflix Shares Plummet As Service Loses 200K Subscribers
2 years, 8 months ago

Netflix Shares Plummet As Service Loses 200K Subscribers

Huff Post  

LOADING ERROR LOADING SAN FRANCISCO — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world …

Netflix shares drop 25% after it loses 200K subscribers
2 years, 8 months ago

Netflix shares drop 25% after it loses 200K subscribers

The Hindu  

Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world outside of China six years ago. …

Netflix stock plunges after subscriber losses
2 years, 8 months ago

Netflix stock plunges after subscriber losses

CNN  

New York CNN Business — Netflix’s bad 2022 just got muchworse. In its letter to investors, the company said that since it launched streaming in 2007, the company has “operated under the firm belief that internet-delivered, on demand entertainment will supplant linear TV,” But, it added, in the near term “we’re not growing revenue as fast as we’d like.” Netflix …

Netflix’s bad week shows the challenges of the streaming business
2 years, 11 months ago

Netflix’s bad week shows the challenges of the streaming business

LA Times  

Welcome to the Jan. 25, 2022, edition of the Wide Shot, a newsletter about the business of entertainment. So it doesn’t feel like any qualitative change there.” With its 222 million global subscribers, it’s possible that Netflix is getting close to market saturation, meaning it’s only ever going to get so big. “It’s tough to say exactly why our acquisition …

The sky is falling for Netflix
2 years, 11 months ago

The sky is falling for Netflix

CNN  

New York CNN Business — Just like its comedy film “Don’t Look Up,” the sky may be falling for Netflix. “They keep raising their prices, and now in order to maintain a level of subscribers they have, they continually add more and more new content, and content is inherently a hard business to predict with peaks and valleys.” Don’t look …

Netflix misses subscriber target, shares fall on weak forecast
2 years, 11 months ago

Netflix misses subscriber target, shares fall on weak forecast

Al Jazeera  

During the reporting season of October to December, the world’s largest streaming service released star-studded movies Red Notice and Don’t Look Up. Netflix Inc fell short of Wall Street forecasts for new subscribers at the end of last year and offered a weaker-than-expected forecast for early 2022 as rivals amped up the competition in the battle for streaming television viewers. …

Netflix is Losing out on Subscribers in 2021 and Covid-19 Vaccine May be the Reason
3 years, 3 months ago

Netflix is Losing out on Subscribers in 2021 and Covid-19 Vaccine May be the Reason

News 18  

Netflix’s pandemic-fueled subscriber growth is slowing far faster than anticipated as people who have been cooped at home are able to get out and do other things again. Signalling that the trend is continuing, Netflix forecast an increase of just 1 million worldwide subscribers in the current April-June period, down from an increase of 10 million subscribers at the same …

Netflix’s subscriber growth has slowed dramatically. Blame competition and the pandemic
3 years, 5 months ago

Netflix’s subscriber growth has slowed dramatically. Blame competition and the pandemic

LA Times  

Netflix’s subscriber growth slowed dramatically in the second quarter as the surge in streaming subscriptions from the COVID-19 pandemic petered out, competition increased and the company considered novel ways to grow its business. “Competition in the U.S. seems to finally have arrived in meaningful form given the backdrop of so many new streaming apps and the Discovery and Warner Media …

Netflix is trying to beat competitors by adding video games
3 years, 5 months ago

Netflix is trying to beat competitors by adding video games

CNN  

New York CNN Business — Netflix is the king of streaming with more than 200 million subscribers. Video games may seem like an odd match for Netflix, but with competitors like Disney quickly catching up, Netflix is looking to see if it can do to video games what it did to Hollywood. Video games are not only a multibillion dollar …

Netflix shares plummet more than 10% after just 4million sign up in the first quarter of 2021
3 years, 8 months ago

Netflix shares plummet more than 10% after just 4million sign up in the first quarter of 2021

Daily Mail  

Netflix's shares have tumbled more than 10 per cent today after the firm reported cooling growth in paid subscriptions that had spiked during lockdown. In contrast to this year's results, Netflix added 15.8 million new subscribers last year, many of who lived in Asia, where Netflix added 9.3 million new subscribers in 2020 - an increase of about 65 per …

Netflix’s pandemic-fueled subscriber growth is slowing down
3 years, 8 months ago

Netflix’s pandemic-fueled subscriber growth is slowing down

The Hindu  

Netflix’s pandemic-fueled subscriber growth is slowing far faster than anticipated as people who have been cooped at home are able to get out and do other things again. Signaling that the trend is continuing, Netflix forecast an increase of just 1 million worldwide subscribers in the current April-June period, down from an increase of 10 million subscribers at the same …

Netflix Subscriber Growth Slows After Pandemic Boom, Company Expects Normalcy in 2nd Half of 2021
3 years, 8 months ago

Netflix Subscriber Growth Slows After Pandemic Boom, Company Expects Normalcy in 2nd Half of 2021

News 18  

Netflix said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter, sending shares of the world’s largest streaming service down 11 percent on Tuesday. Netflix said it did not believe competition changed materially in the quarter or impacted its new sign-ups “as the over-forecast was across all of our regions.” The company …

Netflix needs a Next Big Thing
3 years, 8 months ago

Netflix needs a Next Big Thing

CNN  

New York CNN Business — Netflix is synonymous with streaming, but its competitors have a distinct advantage that threatens the streaming leader’s position at the top. “If you hit a wall with then you pretty much don’t have a super growth strategy anymore in your most developed markets,” Michael Nathanson, a media analyst and founding partner at MoffettNathanson, told CNN …

Why a Netflix TV channel makes sense
4 years ago

Why a Netflix TV channel makes sense

Live Mint  

How long do you spend wondering what to watch on Netflix? The time people spend scrolling through seemingly endless lists of thumbnails just keeps going up—a 2016 study said Netflix users take 17.8 minutes to choose what to watch, and in a 2017 Ericsson ConsumerLab Media Report pegged 45-51 minutes a day as the amount of time spent searching for …

Netflix raising US streaming prices amid booming growth
4 years, 2 months ago

Netflix raising US streaming prices amid booming growth

Associated Press  

SAN RAMON, Calif. — Netflix is raising most of its U.S. prices by 8% to 13% as its video streaming service rides a wave of rising popularity spurred by government-imposed lockdowns that corralled people at home during the fight against the pandemic. The increases imposed Friday boost the cost of Netflix’s most popular U.S. streaming plan by $1 to $14 …

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