Netflix is expanding its theatrical presence by signing a long-term lease for The Paris Theatre, a historic single-screen venue in New York City. This follows reports that Netflix is also working to buy the Egyptian Theatre in Los Angeles. And while these might seem like odd moves for a streaming company, they may also be…
Netflix (NASDAQ: NFLX) subscriber growth is faltering. CEO Reed Hastings says ‘viewer time’ is a better metric than subscriber totals. Insider selling trends suggest Hastings is just trying to prop the stock price up to unload his holdings. The growth in subscriber count has been the key reason behind the meteoric rise in Netflix’s market…
CCN previously reported that Netflix (NASDAQ:NFLX) saw a potential peak in subscriber growth in the United States. The streaming platform was already looking to their next quarterly earnings report, which was published on Oct 16. 2019, to reassure investors that the brand still had opportunities for growth. The quarterly report revealed that Netflix expects to…
Nobody would ever mistake Netflix for Scrooge McDuck. The fictional cartoon relative of Donald Duck was known for being both rich and stingy. Netflix certainly does not appear to have been imbued with his DNA. Case in point: The Hollywood Reporter announced that Netflix has thrown a nine-figure deal at the Duffer Brothers, creators of…
Netflix (NLFX) stock plunged by more than 6 percent within hours after the U.S. stock market opened, wiping out $12 billion from the market capitalization of the company in merely three days. Netflix stock is down substantially f.rom its record high, demonstrating a poor year-to-date growth. | Source: Yahoo FinanceThe major factors behind the steep…
Netflix is today a company whose valuation hovers around $130 billion, but it was, of course, once a little startup, and in his new book “That Will Never Work,” Netflix’s cofounder and its first CEO Marc Randolph takes readers on a fun and surprisingly vivid journey through the streaming giant’s earliest days. It’s also instructive,…
Netflix has just scored a major content deal that could help it stem the loss of subscribers as competition among streamers heats up. The company announced it has acquired the global streaming rights to the popular sitcom “Seinfeld,” which will bring all 180 episodes of the Emmy winner to Netflix subscribers starting in 2021. The…
A whopping 99 percent of viewers who aren’t members of Rotten Tomatoes’ professional critic class loved Dave Chappelle’s politically incorrect Netflix special, Sticks and Stones, while only 17 percent of the platform’s mainstream critics favored it. The audience score on the website, which collects reviews from professional critics and members of the public, reveals a wide gulf…
Netflix is testing a new way to help users find TV shows and movies they’ll want to watch with the launch of a “Collections” feature, currently in testing on iOS devices. While Netflix today already offers thematic suggestions of things to watch, based on your Netflix viewing history, Collections aren’t only based on themes. According…
Apple announced a massive increase in its programming budget and a price point that undercuts Netflix. | Source: Shutterstock; Edited by CCNBy CCN Markets: The walls are closing in on Netflix. Apple is not only going to debut its streaming video service within the next two months but has boosted spending on its service from…
