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 [...]
Streamer turned gamer: Netflix snaps up Walking Dead publisher Next Games in £54m deal March 2, 2022 Netflix becomes the latest tech firm to pivot into the world of gaming, with the streaming giant announcing its acquisition of Finnish firm Next Games in a €65m (£54m) deal.
Telecom chiefs call on EU lawmakers to make Big Tech ‘share the burden’ of investment February 14, 2022 Chiefs at Deutsche Telekom, Orange, Telefónica and Vodafone have called on European lawmakers to push Big Tech to contribute to expanding internet infrastructure.
Ofcom boss bids to regulate Netflix following Jimmy Carr row February 7, 2022 Ofcom chief boss Dame Melanie Dawes has said there would be “real value” in the media and telecoms watchdog regulating Netflix. In an exclusive interview with Channel 4 News, Dawes discusses the controversy surrounding the screening of a Jimmy Carr special in which the comedian made a joke about the Holocaust. In response to whether Ofcom should [...]
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. [...]