Netflix to sell a further $2bn in bonds as it builds up war chest October 21, 2019 Netflix has announced plans to sell roughly $2bn (£1.5bn) worth of bonds as it launches a final push for cash before the onslaught of new streaming rivals. The on-demand video giant said it will issue the bonds in both euros and dollars and will negotiate terms such as interest rate and maturity date with buyers. [...]
Netflix shares rise as it beats profit expectations ahead of streaming wars October 16, 2019 Shares in Netflix rose as much as much as nine per cent in after-hours trading as the streaming giant’s third-quarter profit beat analysts’ forecasts. Netflix today reported net profit of $665m (£518.5m) in the three months to the end of September, up almost 40 per cent on the same period last year. Earnings per share [...]
Advertisers need to get in on the streaming revolution September 23, 2019 TV consumption habits have undergone a revolutionary shift. It started with the arrival of players like Netflix, and a decade later, it’s rapidly accelerating as new platforms like Amazon Prime Video and BritBox enter the space. These new entrants are being spurred by consumer demand – 63 per cent of UK consumers stream today, with [...]
Netflix boss says The Crown will ‘look like a bargain’ as streaming battle begins September 20, 2019 Netflix chief executive Reed Hastings says the its drama about the British Royal family, ‘The Crown’, will “look like a bargain” as the arrival of streaming rivals Apple, Disney and NBC will push content costs up. The series, which will include 60 episodes over six season, cost a reported £100m to produce. Read more: Netflix [...]
Apple TV Plus gives Netflix chills as it undercuts streaming rival September 11, 2019 Apple has turned up the heat on incumbent streaming firm Netflix, revealing its new Apple TV Plus service will launch with a price tag of just £4.99 per month. The Silicon Valley tech giant last night confirmed its eagerly-anticipated streaming platform will launch in 100 countries, including the UK, on 1 November. Read more: Apple [...]
Netflix snaps up Uxbridge production space in latest UK push August 19, 2019 Netflix has signed a deal to rent out production space in Uxbridge, just weeks after it unveiled its new UK hub at Shepperton Studios. City A.M. understands that the US streaming giant is set to take a 134,000 square feet unit called UX1 in an industrial park in west London as part of a 10-year [...]
Youtube and Netflix among most-watched channels as streaming booms August 7, 2019 YouTube and Netflix are now the third and fourth most-watched video services in the UK, as streaming continues to eat away at traditional TV viewing. British adults watch on average 34 minutes of Youtube and 18 minutes of Netflix per day, overtaking both Channel 4 and BBC Two. Read more: The new King of the [...]
Netflix loses its chill: Four ways the streaming giant can recover July 18, 2019 Netflix shares dropped roughly 11 per cent when Wall Street opened today, as bleary-eyed investors reacted to a disappointing set of second-quarter results. The streaming firm posted a 26 per cent rise in revenue to $4.9bn (£3.9bn), but added just 2.7m worldwide subscribers, well below its 5m forecast. Read more: Netflix to open huge UK [...]
Stranger Things vs Mickey Mouse: How the media old guard is adapting to disruption July 17, 2019 | City Talk As I discussed earlier this month, disruption is everywhere (see Five things every investor needs to know about disruption). Incumbent companies have a choice: they can either deny the changes are happening, or they can adapt to the new regime. Faced with the seemingly inexorable rise of streaming services such as Netflix and Amazon Prime Video, [...]
Ofcom calls for new laws to protect public service broadcasters July 4, 2019 Ofcom has urged the government to introduce new laws to support public service broadcasters amid rising competition from streaming giants. The media regulator has called for new legislation to ensure channels operated by the BBC, ITV, Channel 4 and Channel 5 are displayed prominently on online platforms. Read more: Revamp media regulation to help broadcasters [...]