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News on Medial
Netflix explodes into a new era
Livemint
·
7m ago
Medial
Netflix reported a record 18.9 million new subscribers in the fourth quarter, surpassing expectations and even the 2020 lockdown surge. Despite concerns about sustainability following hits like the second season of its most popular series, Netflix highlighted broader subscriber base growth. The company announced another price hike, boosting shares by over 14%. Shifting focus from subscribers, Netflix now prioritizes revenue and earnings growth as it diversifies with advertising, aiming to maintain consistent performance.
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Netflix prepares to send its final red envelope
Economic Times
·
1y ago
Medial
Netflix is closing down its DVD distribution plant, marking the end of an era. The warehouse in Anaheim used to process 1.2 million DVDs per week, but now only has six employees left. The rise of streaming services has rendered DVDs obsolete from a business perspective, with Netflix's streaming revenue for the first six months of 2023 reaching $6.5 billion compared to $60 million in DVD revenue. While some loyal DVD customers are devastated by the closure, Netflix is allowing them to keep their final rentals.
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Netflix To Be The New Home Of WWE In India
Inc42
·
8m ago
Medial
Sony Pictures Network India expressed its eagerness to retain television rights for WWE matches, despite underwhelming digital performance. Netflix India is set to gain new media rights, allowing the platform to bolster subscription numbers and tap into the sports fan market. Starting from January 2025, Netflix will exclusively stream WWE shows in the US, Canada, the UK, and South America, and expand to India by April.
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Tesla cybertruck explodes outside Trump hotel in Las Vegas, killing one
Economic Times
·
7m ago
Medial
A Tesla Cybertruck exploded outside the Trump International Hotel in Las Vegas, killing one person and injuring seven others. The explosion, attributed to fireworks or a bomb in the truck bed, is not linked to the vehicle itself. Tesla CEO Elon Musk and authorities are investigating the blast. The incident occurred on the same day as a deadly attack in New Orleans, but no connection has been established. The FBI considers the explosion an isolated incident.
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A new era of smartphone wars is about to begin
Business Insider
·
1y ago
Medial
The era of smartphone wars, marked by intense competition between tech giants Apple, Samsung, and Google, appears to be entering a new phase. With the smartphone market slowing down and consumers holding onto their devices for longer, companies are turning to artificial intelligence (AI) to inject new life into their products. Apple, Samsung, and Google have all unveiled plans to integrate AI features into their upcoming devices, aiming to enhance user experiences and revitalize sales. The use of generative AI promises to bring significant changes to smartphones, offering exciting possibilities for consumers in 2024.
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Netflix tests biggest TV app redesign in 10 years
Economic Times
·
1y ago
Medial
Netflix has launched a new revamp of its television app, aimed at helping viewers quickly find what they want to watch. The changes include enlarging title cards, reorganizing information, and highlighting easy-to-read tidbits about each title. Netflix hopes that increasing user engagement with the app will help retain customers and attract new subscribers. The redesign also moves the menu button and adds a new "My Netflix" tab for easy access to shows and movies that users have started watching or saved for later. Some users will see the new format starting this week, with potential changes based on feedback before a wider release.
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Netflix films chief Scott Stuber to depart, start own firm
Economic Times
·
1y ago
Medial
Scott Stuber, the head of films at Netflix, is set to leave the streaming service in March to establish his own media company. Stuber, who joined Netflix in 2017, played a key role in expanding the platform's original film offerings. He served as chairman of Netflix Film starting in January 2023. Under his leadership, Netflix became the studio with the most Academy Award nominations for three consecutive years, from 2020 to 2022, earning eight Best Picture nominations for films like "The Irishman," "Roma," and "The Power of the Dog." Stuber's new venture will also produce projects for Netflix.
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How Is Netflix Rewiring Its India Business?
Inc42
·
1y ago
Medial
Netflix entered the Indian entertainment market in 2016 with high expectations. Initially, there was a heavy reliance on celebrities and studios, but Netflix later adopted a new strategy and started investing in high-budget shows and local comedy stars. The partnership with telecom major Vodafone Idea and decreased competition in the OTT market have benefited Netflix. However, the premium market is small, and Netflix needs to expand beyond it. In 2018, Netflix's co-founder predicted that their next 100 million subscribers would come from India.
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Netflix to stop reporting subscriber tally as streaming wars cool
Economic Times
·
1y ago
Medial
Netflix announced that it will no longer report its subscriber numbers on a quarterly basis, signaling a potential slowdown in customer growth. While the streaming giant attracted 9.3 million new customers in Q1 2025, its revenue forecast missed analyst expectations. Instead of focusing on customer additions, Netflix executives want to prioritize revenue and operating margins. This decision may frustrate investors and make it more challenging for analysts to model the company's business. Furthermore, it remains uncertain what will drive new sign-ups once Netflix exhausts its potential user base through its password sharing crackdown.
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Netflix is rethinking employee freedom, a core tenet of its vaunted culture
Livemint
·
1y ago
Medial
Netflix is reportedly considering removing its "freedom and responsibility" section from the company's corporate-culture memo. The proposed change is part of a larger effort to revamp the memo, simplify it, and emphasize creativity. Netflix executives discussed these revisions at a recent meeting, but concerns were raised about the removal of the "freedom and responsibility" language. The company is expected to take employee feedback into account and may provide flexibility without explicitly emphasizing freedom. The changes come as Netflix grows its workforce and faces increased competition in the streaming industry.
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The streaming wars come down to 2: YouTube v. Netflix - The Economic Times
Economic Times
·
1m ago
Medial
Netflix and YouTube are vying for dominance in TV viewing in the United States, each holding significant market shares. With YouTube capturing 12.5% and Netflix 7.5% of U.S. TV time, both platforms are pushing into each other’s territories. This competitive landscape stems from their contrasting models: Netflix focuses on traditional TV and film production, while YouTube, an open platform, hosts user-generated content. Both companies are keenly aware of each other's strategies, leading to increased rivalry.
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