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 [...]
Fifa takes on Netflix and Amazon Prime by launching new streaming service Fifa+ April 13, 2022 Fifa has joined the likes of Netflix and Amazon Prime by launching its own streaming platform Fifa+. The free service will provide football fans with live matches from around the world, along with archive content and documentaries. “Fifa+ will provide access to live matches from every corner of the world, interactive games, news, tournament information, [...]
Streaming prices set to soar as market swells and broadcasters pivot March 21, 2022 Streaming subscriptions could cost households as much as £2,500 a year, as the market swells and broadcasters begin to pivot.
Netflix eyeing new fees to prevent password sharing March 17, 2022 Netflix is exploring technology that will halt users sharing their passwords with others. While the streaming giant’s terms and conditions do prohibit users who do not live together sharing the same account, users can currently simply share a password to an account. Now, the company said it will start testing allowing subscribers to pay a [...]
Netflix hikes subscription prices by £1 as it boosts UK investment March 10, 2022 Netflix has announced it will be increasing its prices for its subscription packages in the UK. The basic and standard plan will both increase by £1 a month to £6.99 and £10.99 respectively, while the premium tier will go up by £2 to £15.99. The US streaming giant has said that these changes will allow [...]