Category: Netflix

Netflix adds 8.8M subscribers despite growing competition
, ,

Netflix adds 8.8M subscribers despite growing competition

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…

Read More
Netflix leases New York’s Paris Theatre
, ,

Netflix leases New York’s Paris Theatre

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…

Read More
Netflix CEO Buffers Investor Fears With Desperate New Growth Metric
, ,

Netflix CEO Buffers Investor Fears With Desperate New Growth Metric

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…

Read More
Desperate Netflix Loses Chill After Quarterly Report to Tackle Your Password Sharing
, ,

Desperate Netflix Loses Chill After Quarterly Report to Tackle Your Password Sharing

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…

Read More
Netflix Bloodbath: Why NFLX’s Market Cap Plunged $12 Billion in 3 Days – CCN.com
, ,

Netflix Bloodbath: Why NFLX’s Market Cap Plunged $12 Billion in 3 Days – CCN.com

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…

Read More
Netflix cofounder Marc Randolph on the company’s earliest days, the streaming wars, and moving on
, ,

Netflix cofounder Marc Randolph on the company’s earliest days, the streaming wars, and moving on

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,…

Read More