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Disney Not Amused As Pirate Streaming App Becomes Afghanistan Cricket Team's Official Sponsor
Tuesday, January 17, 2023 - 10:40am | 448PikaShow has always irked leading platforms like Walt Disney Co.'s (NYSE:DIS) Disney Star — and the situation seems to have escalated after it sponsored the Afghanistan cricket team during Asia Cup 2022. What Happened: Android-based pirate streaming app, PikaShow, which enables users to...
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Netflix Said To Be Rapidly Losing Support From Longtime Subscribers
Thursday, May 19, 2022 - 6:39am | 435Netflix Inc's (NASDAQ: NFLX) troubles seem to be running deeper. The streaming giant is reportedly losing the support of its longtime subscribers as it tries to pull out all the stops to turn around its fortunes. What Happened: Netflix subscribers who have been with the company...
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Netflix Faces Class Action On Allegations It Withheld Crucial Information
Thursday, May 5, 2022 - 6:05am | 559Netflix, Inc. (NASDAQ: NFLX) last month reported disappointing results for its first quarter and the stock has shed over 40% since. Disgruntled investors now think the streaming giant may have misled investors in 2021 regarding its fundamental performance and have taken to legal recourse...
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'Nice Growth' In APAC: Netflix CEO Highlights Rising Subscription Numbers In Key Region
Wednesday, April 20, 2022 - 6:53am | 469The 200,000 subscribers loss came as one of the biggest surprises for the streaming video-on-demand company Netflix Inc's (NASDAQ: NFLX) investors — sending its stock tumbling by 25% post the bell. The Asia-Pacific market emerged as a glitter of hope amid this...
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Netflix Puts Up A Front Against Russia — Will Not Abide By Regulations Around State-Run Channels Due To Ukraine Invasion
Tuesday, March 1, 2022 - 3:18am | 333Streaming giant Netflix Inc. (NASDAQ: NFLX) said it has no plans to add state-run television channels to its Russian service despite being required to do so from this week under Russian law, Reuters reported on Monday. What Happened: “Given the current situation, we have no plans to add...
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Cathie Wood's Ark Is Now Completely Out Of Netflix
Wednesday, February 2, 2022 - 2:25am | 406Cathie Wood-led Ark Investment Management on Tuesday sold the remaining shares that it held in Netflix Inc (NASDAQ: NFLX) to fully cut its exposure in the streaming video-on-demand company. The popular investment management firm sold the balance 103 shares — estimated to be worth $47,084...
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Cathie Wood Nearly Exits Netflix Stake, Also Sells $4M Shares In Rival Disney
Friday, January 28, 2022 - 6:32am | 473Cathie Wood-led Ark Investment Management on Thursday nearly shed all of its exposure in Netflix Inc (NASDAQ: NFLX) and also sold shares in rival entertainment giant Walt Disney Co (NYSE: DIS). The popular money managing firm sold 2,171 shares — estimated to be worth $839,525— in...
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How Disney's Upcoming Global Streaming Expansion Could Drive Subscriber Growth, Put Netflix Under Further Pressure
Thursday, January 27, 2022 - 8:07am | 426Walt Disney Co’s (NYSE: DIS) subscriber video on demand service Disney+ is planning an international blitzkrieg that could help it buoy sagging subscriber growth and make the competition more intense for rival Netflix Inc (NASDAQ: NFLX). What Happened: The Burbank, California-...
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Did Netflix Just Sneakily Admit 'Added Competition' Is Hurting Its Growth?
Friday, January 21, 2022 - 4:12am | 778Netflix Inc (NASDAQ: NFLX) acknowledged that heightened competition may be having an impact on its growth but the admission can hardly be described as forthright. A Sly Admission? In its fourth-quarter letter to shareholders, the streaming video on demand company wrote, "consumers have...
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USS Discovery Jumps Ship From Netflix To Paramount+, Leaving Star Trek Even More Fragmented
Wednesday, November 17, 2021 - 12:03am | 606The adventures of Michael Burnham and her crew aboard the USS Discovery will now take place on Viacom CBS Inc (NASDAQ: VIAC) streaming service Paramount+ instead of Netflix Inc (NASDAQ: NFLX) as far as international viewers are concerned. What Happened: The “Star Trek: Discovery” series...
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Apple Makes Foray Into Korean Content In Nod To Rival Netflix's Success With 'Squid Game'
Monday, November 15, 2021 - 6:47am | 530Apple Inc (NASDAQ: AAPL) has released its first Korean-language original series “Dr. Brain” as the tech giant’s Apple TV+ service launched in South Korea. What Happened: The Tim Cook-led company’s Korean-language foray comes after rival Netflix Inc (NASDAQ: NFLX) saw huge...
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Netflix Looks To Expand Japanese Catalog By Incentivizing Filmmakers
Thursday, November 11, 2021 - 7:35am | 299Netflix Inc (NASDAQ: NFLX) is seeking to expand its Japanese content beyond anime library. What Happened: In an interview with Variety, Netflix VP of Japanese Content Sakamoto Kaata discussed how the Los Gatos-based company plans on coveting Japanese filmmakers by offering them a...
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Netflix Gears To Launch TikTok-Like Short Clip Feature For Kids This Week: Report
Tuesday, November 9, 2021 - 6:47am | 360Netflix Inc. (NASDAQ: NFLX) is launching a new TikTok-like short clip feature for kids this week, according to a report by Bloomberg. What Happened: The new “Kids Clips” feature on Netflix’s iOS app would show short videos from the streaming giant’s existing library of...
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Margaret Qualley-Starrer 'Maid' Is Set To Overtake 'The Queen's Gambit' As Netflix's Most-Watched Limited Series Ever
Wednesday, October 20, 2021 - 4:07am | 388Streaming giant Netflix Inc. (NASDAQ: NFLX) expects “Maid” to beat “The Queen’s Gambit” as its most-watched limited series. What Happened: Netflix said in its third-quarter earnings report on Tuesday that it expects “Maid,” which was released on Oct. 1, to...
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Netflix's 'Squid Game' Inspires Real-Life Event In Abu Dhabi
Wednesday, October 13, 2021 - 4:45am | 389Netflix Inc’s (NASDAQ: NFLX) hit Korean Show “Squid Game” has inspired a similar real-life event in Abu Dhabi, albeit without fatal consequences for the participants. What Happened: The Korean Culture Center in the United Arab Emirates organized the event on Tuesday, as per a...