The three-season pact will also see Netflix host at least one Christmas game in both 2025 and 2026, the league and the company announced on Wednesday
Despite the growth, Netflix shares were down 4.6% to $582.70 at 6:03 pm New York time. They were up 25% this year through the close of regular trading Thursday
Shares of Netflix climbed as much as 8.9 per cent to $535.91 in extended trading after the earnings announcement
"We're incredibly pleased with how it's been going," co-Chief Executive Officer Greg Peters said in a videotaped interview released after results came out
Netflix on Tuesday outlined how it intends to crack down on the rampant sharing of account passwords in the US, its latest bid to reel in more subscribers to its video streaming service as its growth slows. To combat password sharing, Netflix said it will limit U.S. viewership of its programming to people living in the same household. Those who subscribe to Netflix's standard or premium plans which cost USD 15.50 to USD 20 per month will be able to allow another person living outside their household to use their password for an additional USD 8 per month, a USD 2 discount from the company's basic plan. Without providing details how it authenticates subscriber identities or accounts, Netflix assured that everyone living in the same household of a U.S. customer will still be able to stream TV series and movies wherever they are at home, on the go, on holiday. The company based in Los Gatos, California has roughly 70 million U.S. accountholders. The long-anticipated move, telegraphe
Hastings founded Netflix in 1997 alongside Marc Randolph, another technology executive
Over 100 million Netflix viewers worldwide reportedly use the service without paying for it
Netflix Inc may have calmed investors' worst fears with a second-quarter subscriber loss that was better than expected
Streaming giant Netflix added 1.1 million (11 lakh) paid subscribes in the Asia-Pacific region in the second quarter (Q2) this year.
The streaming giant Netflix saw its stock tumbling by 20 per cent after it reported a loss of 2 lakh paid subscribers in the first quarter of 2022 -- its first subscriber loss in over a decade
According to the lawsuit, Netflix and its top executives "employed devices, schemes and artifices to defraud (investors), while in possession of material adverse non-public information"
This process, according to Wood, is already well underway with Netflix now down 69 per cent year-to-date (YTD)
Netflix shares are just 1.7 per cent away from an all-time closing high
Johar, who first collaborated with Netflix on the 2018 anthology film "Lust Stories", is also directing "Ghost Stories" and producing "Guilty" for Netflix
Analysts expect profits of S&P 500 companies to rise 18.6 per cent in the first quarter, the biggest increase in seven years
That suggests either that shares in the video streaming pioneer are spectacularly overbought, or Wall Street's biggest names have a lot of work to do
n a week that saw volatility spike and the Dow Jones Industrial Average shed 1,100 points over three days