Sign-up economy falls apart as Brits ditch costly subscriptions en masse due to fast-shrinking budgets July 7, 2022 New figures out this morning show that the growth of the “subscription economy” is stalling rapidly as living costs squeeze household budgets and people return to pre-coronavirus pandemic routines. More than a third (36%) of people say they have cancelled at least one subscription because their disposable income has fallen as interest rates and inflation [...]
Netflix eyes advertising deals as video streamers clamber for subscribers June 23, 2022 Netflix is on the road to advertising partnerships, said co-CEO Ted Sarandos, as the streaming giant works out how to salvage subscriber numbers.
Red Light, Green Light: Shares fly for studio behind Squid Game as Netflix announces its comeback June 13, 2022 Shares in the studio behind Netflix's mega-hit Squid Game were up nearly 30 per cent today after the streaming giant revealed the show would come back for a second season.
Amazon bets on UK as Netflix slows down May 20, 2022 Amazon has invested more than £1bn in TV, movie and live sport content in the UK since 2018, with plans to pump even more cash into establishing itself as the go-to content provider for Brits.
Netflix lays off 150 staff amid subscriber dip May 18, 2022 Following a brutal set of results last month, Netflix has laid off around 150 staff.
Netflix cancelling Duchess of Sussex a ‘disaster’ for Harry and Meghan’s production company Archewell May 3, 2022 The cancellation by Netflix of an animated children’s series by the Duchess of Sussex is a big blow for Meghan and Prince Harry, a royal expert has said. Rafe Heydel-Mankoo said this morning: “That’s a complete disaster for Harry and Megan and Archewell Productions.” “Netflix is having big problems with a dip in subscriber numbers, [...]
Netflix abandons work on Duchess of Sussex Meghan Markle’s animated series ‘Pearl’ May 2, 2022 Netflix has stopped work on Meghan Markle’s animated family series. The streaming giant announced it would drop the Duchess of Sussex’s ‘Pearl’ series, as it faced plummeting stock prices and falling subscriber numbers. This comes after Netflix announced its first quarter results at the end of last month, with its stock down 26 per cent, [...]
Bill Ackman dumps Netflix stake following share price plunge April 21, 2022 Top Netflix shareholder Bill Ackman has sold his stake in the world’s largest streaming service, sending further shockwaves for the fallen pandemic darling. It comes as the company lost $50bn in value over the past few days after shares were sent into a frenzy following the trading update which reported heavy losses of 200k subscribers [...]
Netflix shares tumble as streaming giant loses 200k subscribers April 20, 2022 Netflix reported a loss in subscribers for the first time, down 200,000 subscribers, citing inflation, emerging competition from the likes of Disney+ and Amazon, as well as the Ukraine war as contributing factors.
Right to be entertained: Russians sue Netflix after market exit April 13, 2022 Russian Netflix users are suing the streaming giant after it exited the market last month, citing a violation of their rights. Nearly 200,000 people have launched a lawsuit against Netflix, demanding 60 million roubles (£563,000) in compensation, the RIA news agency reported. “Today, a law firm representing the interests of Netflix users filed a class [...]