Netflix beats expectations on profit and subscribers
SAN FRANCISCO: Netflix topped expectations on Thursday as it reported 9.3 million new subscribers and profits of $2.3 billion (about RM11 billion) in the first three months of the year. Silicon Valley-based Netflix had bet heavily on its content lineup to win fans, with subscribers now totalling 269.6 million. “With more than two people per […]
Netflix Kdrama production firms say sorry over controversial portrayal of Arab prince
SEOUL: South Korean production companies of JTBC drama series “King The Land” have issued an apology over its controversial portrayal of an Arabic character in recent episodes and vowed to fix the problematic parts, Yonhap news agency reported. The show, co-produced by npio Entertainment, BY4M Studio and SLL, angered Middle Eastern viewers after the seventh […]
Netflix to debut subscription with ads this November
KUCHING: Netflix on October 13 said that a subscription option subsidised by ads will debut in November across a dozen countries as the streaming service strives to jumpstart stalled growth. According to AFP, the new “Basic with Ads” subscriptions will be priced at US$6.99 in the United States, which is three dollars less than the […]
Obama wins Emmy award
WASHINGTON: Hollywood newcomer Barack Obama was awarded an Emmy for narrating his Netflix documentary series “Our Great National Parks,” the Television Academy announced Saturday. The former two-term US president had already won a pair of Grammy Awards — for audio versions of his memoirs “The Audacity of Hope” and “Dreams from My Father” — so […]
Shareholder sues Netflix over subscriber slip
SAN FRANCISCO: A Netflix shareholder is seeking class action status for a lawsuit accusing the streaming television titan of not making it clear that subscriber numbers were in peril. A disclosed drop of just 200,000 users — less than 0.1 percent of its total customer base — was enough to send shares plunging after Netflix […]
Can movie theatres save Netflix?
‘Door is open,’ says trade group boss LAS VEGAS, United States: John Fithian, head of the movie theatre industry’s trade body, is used to shrugging off claims that Netflix will spell doom for the big-screen, popcorn-munching experience. But with box offices bouncing back from the Covid-19 pandemic, and Netflix stock plummeting after its first loss […]
Spielberg signs major streaming deal with Netflix
LOS ANGELES: Steven Spielberg will produce multiple new films for Netflix every year, the company said Monday, in a major deal that highlights how fully Hollywood has embraced streaming platforms. The partnership with arguably Tinseltown’s top director is a coup for Netflix at a time when competition with streaming rivals including Disney+ and HBO Max […]
Netflix film ‘Mank’ leads Oscar contenders with 10 nominations
WASHINGTON: Director David Fincher’s Netflix film ‘Mank’ leads the pack of contenders for the 2021 Oscars, with 10 nominations in various categories including Best Picture, the Academy Awards announced on Monday, reported Sputnik. ‘Mank’ was joined by seven other films in the category for Best Picture including ‘Promising Young Woman,’ ‘Nomadland,’ ‘Judas and the Black […]
Disney streaming services gaining ground on Netflix
SAN FRANCISCO: Disney said Thursday its streaming services have grown to 146 million subscribers, as people hunkered down due to the pandemic have turned to sources of online entertainment. The growth of the audience for Disney+, Hulu, ESPN and India’s Hotstar comes as the parent company’s travel and amusement park business suffered, and shows the […]
Revised price comes with great content
KUALA LUMPUR: Netflix hopes that the revised price of its basic plan would not shoo away consumers, while promising that the online video streaming platform is all set to focus on coming up with great shows and content for them. “We certainly hope that we continue to win consumers’ confidence every single day and the […]
