Netflix News & Updates

[Jonas]

Netflix shares down more than 20% after losing 200,000 subscribers in first quarter | TechCrunch

Concerning news from Netflix's earnings today. The streaming service reported that in the first quarter of 2022, it lost 200,000 subscribers -- its first

techcrunch.com

 

[pillaicha]

If password sharing is excessively prohibited, subscribers will leave further

 

[Jonas]

It’s like removing a feature if they prohibit password sharing at this point.

 

[manu1991]

Share price looks to be in free fall, another 35% down on opening

 

[shantam2005]

They increased the Turkey price to 78 TL for 4 screens effective May. Got the mail today morning.

 

[Sushubh]

Netflix, Facing Reality Check, Vows to Curb Its Profligate Ways

Streaming service spent lavishly on productions to win subscribers, but now growth has slowed.

www.wsj.com

 

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[minuteman]

Netflix set to DROP 90% Indian web series/movies after huge dip in sales; to take new route [EXCLUSIVE]

Netflix India is apparently set to take some drastic steps when it comes to Indian content in order to increase both subscriptions and viewers. Read now on BollywoodLife.com

www.bollywoodlife.com

 

[Jonas]

Spotify can take lessons on what not to do in India.

 

[Sushubh]

Netflix Tells Employees Ads May Come by the End of 2022 (Published 2022)

Executives said they were aiming to introduce an ad-supported, lower-priced subscription tier in the last three months of the year, quicker than originally indicated.

www.nytimes.com

 

[Jonas]

Source

 

[Sushubh]

Netflix to Employees: If You Don’t Like Our Content, You Can Quit

The streaming giant added a new “artistic expression” section in its first update to its corporate culture guidelines since 2017.

www.wsj.com

 

[Navjot Singh]

Netflix Lays Off About 150 Employees, 2% of U.S. Workforce, Amid Revenue Slowdown

Netflix laid off about 150 staffers, mostly in the U.S., as it works to rein in costs with a slowdown in top-line growth.

variety.com

Apparently, Netflix has fired most of its POC and queer employees. This should do some good PR for them. Good luck to all the white workforce.

 

[Navjot Singh]

Netflix to pay $59 million to settle Italian tax dispute

U.S. streaming service Netflix has agreed to settle a tax dispute with Italy, the company and legal sources said on Friday.

www.reuters.com

The investigation by Milan prosecutors who argued that cables and computer servers used by Netflix amounted to a physical presence in Italy, had been triggered by checks conducted by Italy's tax police.

Nirmala taayi would be happy if she finds out about this.

 

[Sushubh]

Behind Netflix’s Leaner Movie Mandate: Bigger, Fewer and Better

The Scott Stuber-run division is adjusting to a new set of realities as it readies a $200 million-plus ‘The Gray Man’ from the ‘Avengers: Endgame’ helmers and a pricey set of ‘Knives Out’ sequels.

www.hollywoodreporter.com

 

[Sushubh]

‘Stranger Things’ Will Likely Not Shift to Weekly Release for Final Season, Netflix US Scripted Chief Says

Netflix exec says there are no plans to shift "Stranger Things" to a weekly release model ahead of its fifth and final season.

variety.com

chalo.