Netflix Inc said it laid off 300 employees, or about 4 percent of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade. The move mostly affected its U.S. workforce and came after the company cut 150 […]
Netflix
Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020. Netflix projected it would add 2.5 million customers from January through March, less than half of the 5.9 million analysts had forecast. […]
A former Netflix executive was sentenced Tuesday to 2 1/2 years in federal prison for taking bribes and kickbacks from tech companies to approve lucrative contracts with the streaming giant. Michael Kail, 52, of Los Gatos also was ordered to forfeit $700,000 and pay a $50,000 fine, the U.S. attorney’s office said in a statement. […]
In its attempt to compete with its rivals Disney and Amazon, the famous streaming service Netflix cut on Tuesday the prices of its services in India for the first time since launching five years ago. As it aims to reach higher on the streaming ladder, Netflix slashed its prices by 60 percent to $2.62 paid […]
Russian authorities are investigating streaming giant Netflix after a public commissioner for protecting families accused the streaming company of violating a “gay propaganda” law, according to local reports. The commissioner claimed that some Netflix content with LGBTQIA+ themes was rated suitable for those aged 16 and older, whilst the country’s laws do not allow the […]
There are at least 15,000 titles on Netflix, which is why choosing what to watch can be a daunting task. However, the popular streaming site is officially making it easier, as the Play Something feature has been released for Android users. While Netflix began testing the feature in April, the streaming giant has just launched the new tool globally […]
Recently disclosed documents featuring Google’s confidential deal with Netflix, unveiled market monopolization strategies by the search engine giant, as it offered the streaming platform a private pitch to keep using Android-based subscriptions with a lower cut than Apple’s App Store, a media report revealed on Friday. Numerous state attorneys filed an antitrust lawsuit against Google […]
Softbank dropped $5 billion worth of publicly listed shares through its SB NorthStar trading unit of four tech giants during its first quarter, the Japanese conglomerate revealed in a financial report released on Tuesday. Back in 2020, the Tokyo-based multinational company vastly invested in social networking platform Facebook, Google’s parent company Alphabet, popular streaming service […]
Netflix has marked its first official attempt in stepping into the gaming industry, as it plans to move beyond the realm of film and television. The American streaming service and production company has enlisted the help of former Vice President of Facebook and Electronic Arts, Mike Verdu, to serve as the new head of game development. The development initially surfaced by Bloomberg News on Wednesday, citing an anonymous inside source […]
Popular streaming service Netflix is looking to bolster its position in Sub Saharan Africa (SSA), with the release of a new, cheaper, and mobile-only subscription since smartphones are heavily used on the continent. The new subscription will cost $3.99, which is almost 50 percent to 60 percent cheaper than their basic plan. According to the […]