Ackman snaps up $1bn Netflix stake to go “all-in” on streaming January 27, 2022 Billionaire activist investor Bill Ackman has revealed he has built a stake in Netflix worth more than $1bn dollars, as the streaming giant battles a spiralling share price and investor exodus. Ackman announced on Twitter yesterday that his firm Pershing Square Capital Management started buying up Netflix shares on Friday and was now a top-20 [...]
“Stay at home” stocks tumble as global covid restrictions ease January 24, 2022 “Stay at home” stocks that boomed during the pandemic have slumped since the start of the year in a sign that investors and economies are beginning to shake off habits picked up through covid lockdowns. Shares in Netflix and Peloton were among the biggest fallers last week as bosses cut back growth projections and warned [...]
Netflix revenue forecast for growth despite encroaching competition January 16, 2022 Netflix’s revenue has been forecast for growth this week, despite its share price tumbling from its record high in November. Revenue is expected to come in at $7.7bn, according to chief market analyst at CMC Markets Michael Hewson, after the streaming giant secured $7.4bn in its third quarter. However, profits are anticipated to be lower, [...]
Netflix tennis doc to capture Novak Djokovic Australian visa drama January 13, 2022 The Novak Djokovic Australian Open visa saga is set to feature in a new fly-on-the-wall docuseries to be shown on Netflix, according to reports. The makers of smash-hit Formula 1 show Drive To Survive are currently filming a tennis version featuring some of the biggest names on the men’s and women’s tours, says the Mail. [...]
Netflix challenges broadband fees for big tech companies December 19, 2021 Netflix has attacked plans that would let broadband giants charge tech companies for access to their networks.
Disney+ subscribers to exceed Netflix by 2027 adding 140m new users November 17, 2021 It is reported that Disney+ will be the biggest player, adding 140 million subscribers between 2021 and 2026 to take its total subscription base to to 271 million, according to new research.
Netflix renews contract to double the size of Shepperton Studios November 16, 2021 Netflix renews contract with the Pinewood Group for the use of Shepperton Studios that will double the size of its production space at the production facility. The Surrey-based facility is also set for a major expansion that will add almost 1 million square feet of new production space, with the overall studio set to comprise [...]
Young people four times more likely to watch TV with subtitles November 15, 2021 According to research by captioning charity Stagetext, four out of five viewers aged 18-25 said they use subtitles all or part of the time when watching TV.
Netflix to show Bashir’s infamous Diana interview, despite Prince’s plea October 26, 2021 Netflix will dramatise Martin Bashir’s controversial Panorama interview with the Princess Diana despite the Duke of Cambridge's demands that it never be broadcast again, regarding it a “false narrative”.
Hundreds protest outside Netflix over transphobic’ Dave Chappelle comedy October 21, 2021 Netflix employees stop work at Californian headquarters to protest against the streaming platform’s handling of complaints against Dave Chappelle’s new special