Streaming giant Netflix is reportedly slashing its spending by $300 million this year, including related to hiring
To start with, the less money people have, the more likely they are to stay home, where movie-streaming became such a popular form of entertainment during the pandemic
Many digital services providers with few staff in Russia, such as Spotify and Netflix, pulled out shortly after Moscow began its military campaign in Ukraine in February 2022
In early February, Spain became one of Netflix's first markets to introduce a monthly fee for users who shared their log-in details with another household and technical measures to detect such sharing
It appears that Netflix is happy with the progress of its Basic 'with ads' plan. The plan was launched for the first time in November
Netflix originally planned to roll out "paid sharing" in the US during the first quarter this year. The company will now introduce the feature on or before June 30
Netflix slashed the prices of its services in India by 20 to 60 per cent in December 2021, as the competition from other digital content streaming companies intensified
Learning from the success in India, Netflix reduced prices in an additional 116 countries in Q1
The company, which reported a lower-than-expected subscriber gain for the first quarter, has been testing ways to reduce account sharing in Latin America, and rolled out a plan to charge such users
Netflix is poised to shut down the DVD-by-mail rental service that set the stage for its trailblazing video streaming service, ending an era that began a quarter century ago when delivering discs through the mail was considered a revolutionary concept. The DVD service, which still delivers films and TV shows in the red-and-white envelopes that once served as Netflix's emblem, plans to mail its final discs on Sept 29. Netflix ended last year with nearly 231 million worldwide subscribers to its video streaming service, but it stopped disclosing how many people still pay for DVD-by-mail delivery years ago as that part of its business steadily shrank. The DVD service generated $145.7 million in revenue last year, which translated into somewhere between 1.1 million and 1.3 million subscribers, based on the average prices paid by customers. Shortly before Netflix broke it off from video streaming in 2011, the DVD-by-mail service boasted more than 16 million subscribers. That number has ..
Netflix is expected to add 3.43 million subscribers in the April-June quarter, compared with 970,000 subscriber losses in the year-ago quarter
In which we munch over the week's platter of news and views
As part of the restructuring, Netflix will combine its small and mid-sized picture productions units, cut a few jobs, scale back its output to ensure high quality titles and centralise decision-making
Streaming giant Netflix has rolled out its ad-supported plan -- "Basic with Ads" for Apple TV users after a delay of months.
The idea is to supplement Netflix's shows and movies and help retain customers as the company raises subscription prices
He said it is important to hold companies like Netflix accountable for their actions and to ensure that they are sensitive to the cultural values and sentiments of the communities they serve
"That's in addition to the 16 games currently being developed by our in-house game studios," the company said in a statement
Over 50 firms, including defence, pharmaceutical, and tech will participate
"We analysed those films, the intentional cinematic language and in what way it was reflecting the country's history and the zeitgeist of the times"
A local office would make Netflix the first major US tech firm with a direct presence in the fast-growing Southeast Asian country of 100 million, increasingly seen as too lucrative to ignore