-
Apple Has 'No Excuse' To Be Trailing In SVOD Space, Netflix Co-Founder Says While Praising Disney
Friday, February 12, 2021 - 5:27am | 515Apple Inc. (NASDAQ: AAPL) has “no excuse” for not being able to find footing in the streaming video-on-demand space and is “still not in it with both feet,” according to Netflix Inc. (NASDAQ: NFLX) co-founder Marc Randolph. What Happened: Randolph in an interview with Yahoo...
-
Long-Term Netflix Bear Admits He Got These Key Things Wrong About The Company
Monday, January 25, 2021 - 4:08am | 458Wedbush analyst Michael Pachter has been one of the most prominent long-term bears on Netflix Inc.’s (NASDAQ: NFLX) stock, despite the streaming video-on-demand company’s stellar run over the last decade. While Pachter remains bearish on Netflix, he admitted in an interview with...
-
Netflix To Rollout 'Shuffle Play' Feature Around The World In Coming Months
Wednesday, January 20, 2021 - 11:38pm | 432Netflix Inc (NASDAQ: NFLX) disclosed during its fourth-quarter earnings report that it will bring "Shuffle Play" to its global userbase in the first half of 2021, the Verge reported Wednesday. What Happened: The feature allows users to forego browsing the catalog as Netflix will...
-
Roku In Advanced Talks To Grab Beleaguered Quibi's Content Library: WSJ
Monday, January 4, 2021 - 12:09am | 465Roku, Inc (NASDAQ: ROKU) is in advanced negotiations with Quibi to acquire the rights to the latter’s content, the Wall Street Journal reported Sunday. What Happened: Roku would acquire rights to the content library of the Jeffrey Katzenberg-founded company under the terms discussed,...
-
Disney+ Saw 28% Higher App Downloads Over Christmas Holiday
Tuesday, December 29, 2020 - 2:02am | 463Walt Disney Co’s (NYSE: DIS) streaming service's mobile app garnered 2.3 million global installations over the Christmas holiday, according to Sensor Tower, a market research firm. What Happened: The holiday weekend numbers mark a 28% increase over the preceding period, Bloomberg...
-
Senator Asks Netflix, Amazon, Others To Allow Free Access To Content During Holiday Season As A 'Public Service'
Tuesday, December 15, 2020 - 5:59am | 469Senator Angus King (I-Maine) is reaching out to leading streaming video-on-demand platforms with a plan he hopes would encourage Americans to stay indoors during the festive season. King has written letters asking the platforms to offer their content for free, albeit for a limited period...
-
Sony Inks $1.2B Deal To Acquire AT&T's Anime Unit Crunchyroll
Thursday, December 10, 2020 - 12:30am | 440Sony Corp (NYSE: SNE) has inked a deal to buy AT&T Inc’s (NYSE: T) anime video streaming subsidiary Crunchyroll for $1.175 billion in cash consideration. A definite agreement has been signed by Sony Funimation Global Group LLC to acquire a 100% stake in AT&T’s Ellation...
-
Netflix To Double Original Content Spending In Asia
Wednesday, December 2, 2020 - 5:08am | 448Netflix Inc. (NASDAQ: NFLX) is set to double its spending on original content in 2021 in Asia as it seeks expansion in the crowded streaming market, Bloomberg reports. After producing widely-watched shows such as Korean zombie period thriller “Kingdom” and...
-
Disney Highlights Original Content Push For Disney+, Hulu As It Consolidates TV Studios
Tuesday, December 1, 2020 - 11:53pm | 345Walt Disney Company (NYSE: DIS) has restructured its television studios business, effectively consolidating its three TV units into two. What Happened: The shakeup will see Karey Burke, the president of ABC Entertainment head 20th Television, while Jonnie Davis will stay at the helm of ABC...
-
Netflix To Pour In Another $1B In New Mexico As It Gears To Film 'Stranger Things 4'
Tuesday, November 24, 2020 - 4:34am | 364Netflix Inc (NASDAQ: NFLX) is expanding its Albuquerque Studios and committing an additional $1 billion in production spending in New Mexico, Deadline reported Monday. What Happened: The expansion involves the addition of 300 acres to the existing studios and the creation of approximately 1,000...
-
HBO Max To See More Interest With Fire TV Debut, 'Wonder Woman 1984' Launch, Says Outgoing AT&T CFO
Monday, November 23, 2020 - 3:30am | 488AT&T Inc's (NYSE: T) outgoing Senior Executive Vice President and Chief Financial Officer John Stephens, in his update to the shareholders, spoke about the momentum in postpaid wireless plans. AT&T was able to reduce churn in the third quarter of 2020 and drive...
-
Apple, Netflix Haven't Paid A Dime In Taxes Despite Drawing $43M Streaming Revenue, Vietnam Says
Wednesday, November 11, 2020 - 3:13am | 336Netflix Inc (NASDAQ: NFLX) and Apple Inc (NASDAQ: AAPL) are under fire in Vietnam for allegedly failing to pay taxes, Reuters reported Wednesday (Hanoi Time). What Happened: Vietnam’s information and communication ministry said the companies have combined revenue of $43.15 million from nearly...
-
Amazon Enters The Lucrative Disney-Dominated Cricket Streaming Market In India
Tuesday, November 10, 2020 - 3:24am | 454Amazon.com, Inc’s (NASDAQ: AMZN) Prime Video has acquired the rights to broadcast cricket matches between India and the New Zealand cricket teams in the cricket-crazy Indian market, Reuters reported Monday. What Happened: The Jeff Bezos-led company has entered into a deal with the New...
-
Netflix Is 'Very Bullish' On Asia
Monday, November 9, 2020 - 5:19am | 807Netflix Inc. (NASDAQ: NFLX) is “very bullish” on its prospects in the Asia-Pacific region, according to the company’s Vice President for Business Development in APAC Tony Zameczkowski. “Markets like Japan, (South) Korea, India, Indonesia are definitely markets...
-
Microsoft's New Xbox Series Will Feature Apple TV
Tuesday, November 3, 2020 - 3:36am | 637Microsoft Corporation (NASDAQ: MSFT) has confirmed that it is adding Apple Inc's (NASDAQ: AAPL) streaming service, Apple TV, to the new Xboxes launching on Nov. 10. What Happened: "We're excited to share that the Apple TV app is coming to Xbox One and Xbox Series X...