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Netflix's Powerful Movie Studio Head Is Quitting To Start His Own Media Company
Tuesday, January 23, 2024 - 1:45am | 779In a surprising move, Scott Stuber, the driving force behind Netflix Inc.’s (NASDAQ:NFLX) ascension to Hollywood’s top movie studio, has announced his departure scheduled for March. Stuber plans to leave his position at Netflix to launch his own business. What Happened: According to a...
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T-Mobile's Long-Standing Free Netflix Bundle Could Soon Start Including Ads
Friday, January 5, 2024 - 4:50am | 498T-Mobile US Inc. (NASDAQ:TMUS) is gearing up to change the benefits of one of its long-standing perks — the free Netflix Inc. (NASDAQ:NFLX) bundle. What Happened: T-Mobile’s long-standing ‘Netflix On Us’ perk, which offered ad-free Netflix to its customers, will start featuring...
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Is Netflix A Rare Recession-Proof Stock? Analyst Says Steaming Giant Entering 2024 As 'A Cleaner Story' After Q3 Results
Thursday, October 19, 2023 - 4:45am | 461Netflix, Inc. (NASDAQ:NFLX) shares surged following the streaming giant’s robust third-quarter results, prompting analyst Justin Patterson at KeyBanc Capital Markets to jump on the bullish bandwagon after staying on the sidelines since January 2022. Ratings Upgrade Patterson upgraded...
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Is YouTube Now King Of Content? Munster Thinks Google's Video Platform Leaves Netflix In The Dust: 'That Ship Has Sailed'
Wednesday, October 11, 2023 - 3:00am | 611Deepwater Asset Management co-founder Gene Munster weighed in on whether Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG)-owned YouTube is currently the king of content amid a proliferation of online streaming. Users flocking to YouTube have put Hollywood and...
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WB Discovery's Max Human Test Breaks The Internet: Why Everyone Is Laughing Out Loud
Tuesday, May 30, 2023 - 7:08am | 795Prepare for a good chuckle as Warner Bros. Discovery Inc.’s (NASDAQ:WBD) streaming service HBO’s recent rebranding to just “Max” has been accompanied by a hilarious “human test” — and it’s going viral on the internet. What Happened...
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Taxing Times For Netflix? India Aims To Cash In On Streaming Giant's Income
Friday, May 12, 2023 - 5:24am | 407This story was originally published on the Benzinga India portal. India is reportedly looking to tax global streaming giant Netflix Inc.'s (NASDAQ: NFLX) income in the country, a first for an international digital consumer company. What Happened? The Income Tax department is...
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Disney Feels The Heat In India As 8.4M Streaming Subscribers Jump Ship In 6 Months
Thursday, May 11, 2023 - 5:55am | 378This story was originally published on the Benzinga India portal. Disney+ Hotstar, a leading streaming platform in India, has lost nearly 8.4 million subscribers in the past six months, according to data from CNBC-TV18. Walt Disney Co. (NYSE: DIS) reported a 2% drop in overall Disney+ subscribers,...
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Disney+ And Hulu To Soon Tie The Knot: One App To Rule Them All?
Thursday, May 11, 2023 - 2:04am | 525The Walt Disney Co. (NYSE:DIS) has announced that it will integrate Hulu content into its Disney+ streaming platform by the end of the calendar year. What Happened: Disney reported second-quarter financial results after the market closed Wednesday, during which CEO...
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Netflix Shakes Up Film Group — Commits to Quality Over Quantity
Friday, March 31, 2023 - 1:15am | 503Netflix Inc (NASDAQ: NFLX) is giving its film group a revamp in the form of consolidation. The streaming giant also wants to focus on making fewer but better films going forward. What Happened: Netflix is set to combine units that make small and midsize films, which will...
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Disney Cuts 300 Streaming Jobs In China Amid Broader Overhaul: Report
Thursday, March 30, 2023 - 1:27am | 389Walt Disney Co.’s (NYSE: DIS) streaming business has seen workforce reduction amid the company’s broader overhaul efforts to boost profitability. What Happened: Burbank, California-based Disney has eliminated 300 positions in Beijing, China, in its streaming business, the Wall Street...
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Disney+ Prices Up, Marvel Sequels Down? Bob Iger Gives Sneak Peek Of Plans Ahead
Friday, March 10, 2023 - 12:54am | 515Robert Iger, who returned as CEO of Walt Disney Co (NYSE: DIS) late last year, hinted at what may lie down the road for the entertainment giant in its quest for streaming profitability. What Happened: At Morgan Stanley’s Media and Telecom Conference in San...
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From Noob To Pro: Meet The Twitch Streamer Who Just Hit 300K Subscribers!
Wednesday, March 1, 2023 - 4:05am | 376Kai Cenat, a young Amazon.com Inc. (NASDAQ:AMZN) Twitch streamer, has just broken a record for most Twitch subscriptions with over 300,000 subscribers, making him one of the platform’s biggest names. What Happened: The 21-year-old streamer broke the record for most Twitch subscriptions on...
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Netflix Cracking Down On Password Sharing In These 4 Countries
Wednesday, February 8, 2023 - 10:08pm | 401Netflix Inc (NASDAQ: NFLX) said Wednesday that its password-sharing restrictions will be imposed on users in Canada, New Zealand, Portugal, and Spain. What Happened: The company said that users in the four countries will have to set a “primary location” for their account so that members...
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Netflix Co-CEO Hastings Praises Rival's Ad-Based Model: 'They've Got A 10-Year Head Start'
Thursday, January 19, 2023 - 11:37pm | 406Netflix Inc (NASDAQ: NFLX) outgoing co-CEO Reed Hastings said The Walt Disney Co-owned (NYSE: DIS) Hulu is a model when it comes to advertising-service tier. What Happened: Hastings said on the company’s fourth-quarter earnings call that Hulu has a “10-year head start...
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If You Invested $100 In Netflix When It Debuted Streaming 16 Years Ago, Here's How Much You'd Have Now
Monday, January 16, 2023 - 10:51pm | 384Netflix Inc (NASDAQ: NFLX) introduced its streaming service to deliver content directly to personal computers on Jan.16, 2007. This was 16 years ago — a moment that could be construed as a tectonic shift in the company’s fortunes. Before Netflix emerged as a streaming goliath, it...