Netflix grew by 8.8 million net subscribers in the fourth quarter of 2019, according to its latest earning report, putting its growth well ahead of its forecast of 7.6 million. The company says it has 167 million paid memberships worldwide, with more than 100 million outside the United States. It also reported stronger-than-expected financials, with…
Netflix releases Q4 and full year financial results on January 21, the first set of results since Apple and Disney entered the video streaming fray. Growing competition requires a change of tact at Netflix. An ad-supported video streaming plan would come with risks but also opportunities that are hard to resist. The list of Netflix…
“The Goop Show,” an upcoming reality series co-hosted by Gwyneth Paltrow and tied to her lifestyle company Goop, now has a launch date and a trailer. Goop has faced many accusations of promoting and selling pseudoscience — most notoriously, perhaps, in selling jade eggs for vaginas — and it seems like the series is embracing…
The bull market of the last decade saw record-setting economic growth. Top performing investments across asset classes delivered incredible ROIs….
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,…
