Netflix earnings: Is the streamer’s pandemic party coming to an end? October 20, 2020 Netflix will be in the spotlight after the bell this evening as it publishes its earnings for the third quarter. The streaming giant has had a bumper 2020 so far as millions of people have turned to home entertainment during the coronavirus pandemic. But as competition from rivals heats up and the impact of halted [...]
Netflix to triple London office space as it cashes in on British success stories October 9, 2020 Netflix is set to massively expand its London office space as the US streaming giant doubles down on its commitment to the UK. The streamer will triple its footprint to 100,000 square feet when it moves into the Copyright Building in the West End. Netflix is taking over the lease from outsourcing giant Capita, which [...]
Harry and Meghan sign content deal with streaming giant Netflix September 3, 2020 Prince Harry and wife Meghan have inked an exclusive multi-year production deal with Netflix, a major step in their plan to earn income after leaving their role as working royals. The couple will produce films and series ranging from children’s shows to scripted content, the streaming platform said last night. Harry and Meghan moved stateside with their [...]
Party crasher: BBC launches new co-watching feature to rival Netflix May 19, 2020 The BBC has today launched a new feature that will allow people to watch and listen to programmes together even while they are separated. BBC Together allows people to access video and audio content from iPlayer, Sounds, Bitesize, News and Sport at exactly the same time. The feature, which has been launched by the broadcaster’s [...]
Green light for £250m Netflix and Amazon film studio complex in Kent April 23, 2020 Developers have been given the green light to build a £250m film complex in Kent to provide much-needed studio space for streaming giants such as Netflix (NFLX) and Amazon (AMZN). Local councillors last night approved plans for Ashford International Film Studios, which will boast 240,000 square feet of production space. Derelict railway works The complex, [...]
Netflix’s value hits record $196bn in coronavirus lockdown April 17, 2020 Netflix has become a more valuable company than both US oil giant Exxo Mobil and rival Disney as demand for home entertainment booms amid the coronavirus lockdown. Shares in the streaming company climbed five per cent on Thursday to a new record high of $448, taking its market value to $196bn. At the same time, [...]
Netflix shares hit record high as valuation overtakes Disney April 16, 2020 Netflix shares rose to record highs today amid surging demand during the coronavirus lockdown, pushing its market capitalisation past fierce rival Disney. The US streaming giant’s stock rose more than three per cent in afternoon trading to $440 per share, having closed at a record high of $426.75 yesterday. The rise took Netflix’s market valuation [...]
Netflix donates £1m to emergency coronavirus fund for film and TV crew March 24, 2020 Netflix has donated £1m to establish a new emergency relief fund aimed at supporting film and TV crew unable to work during the coronavirus crisis. The fund, established with BFI and the Film and TV Charity, will provide short-term support to the thousands of full-time workers and freelancers affected by the closure of productions across [...]
Disney’s streaming push is about more than subscriber numbers March 16, 2020 With Disney Plus launching in the UK — and in other European markets — debate rages as to whether we will see the rise of a “Netflix killer”, and which brand will emerge as the ultimate winner. Streaming services have been enjoying their moment in the sun. In the leading US market, subscriber rates for [...]
Netflix UK shows ‘not aligned to British taste’, say top media analysts February 27, 2020 Netflix’s UK shows are “not necessarily aligned to British taste” and cannot be compared to the BBC’s home-grown dramas, according to top media analysts. In a note issued today, Enders Analysis threw its weight behind the BBC’s value to the wider creative economy and blasted “naive” comparisons between the public service broadcaster and Silicon Valley [...]