Netflix beat expectations all round for its first quarter results of 2019, drawing $4.52bn for Q1 and 9.6m new members, but here are five tidbits you might have missed from its earnings call with the streamer’s bosses. Disney is welcome competition Netflix boss Reed Hastings was keen to emphasise that new competition only makes the […]
Netflix CEO Reed Hastings has confirmed that Netflix will not be part of the new Apple streaming offering, details of which are expected to be unveiled next week. Speaking at a press event, Hastings said that Netflix’s goal is to have people watch its content on its own service, and that the streaming giant would […]
Netflix boss Reed Hastings has said that Disney’s SVOD service will be a “formidable” partner for the streaming giant when it launches next year. The exec told the BBC that Disney+, which was unveiled last week by CEO Bob Iger, has got “so much content [like] Star Wars and Marvel, they’ll be a great competitor. […]
Netflix has opened a fully staffed Paris office, while agreeing to a 2% tax on annual revenues in France. The French office – which follows bases in Amsterdam and London – will have around 20 staff who will be a mix of new hires and employees relocating from Amsterdam, where the streaming giant opened shop […]
Netflix’s chief financial officer David Wells is to step down after helping the company choose his successor. Wells, who joined Netflix in 2004 and has served as CFO since 2010, will stay until a successor takes the role for a smooth transition. The search for a new candidate will include both internal and external applicants. […]
Netflix unveiled an ad during Sunday’s BET Awards that celebrates black creators on its platform, as its comms boss Jonathan Friedland departed the company after using the N-word. The ad, titled A Great Day in Hollywood, was inspired by the 1958 photograph A Great Day in Harlem, which featured 57 jazz legends. Netflix’s spot focuses […]
Netflix added a record number of first quarter subscribers and grew its streaming revenues by 43% year-on-year in what was another sterling three-month period for the online video giant. Netflix said it added 7.41 million members in the first quarter – 1.96 million in the US and 5.46 million internationally. This was up 50% compared […]
Former President Barack Obama is set to produce a series of high-profile series for SVOD service Netflix. According to the New York Times citing people familiar with the situation, Obama is in “advanced negotiations” with the streamer. Signing a former president would arguably be Netflix’s biggest ever coup, eclipsing big bucks agreements with the likes […]
Netflix CEO Reed Hastings has stated that Netflix is set to earn around $15bn (£10.8bn) in subscription revenue this year by sticking to its strategy of delivering original content. The streaming giant told Nikkei Asian Review reporters, who also first reported the story, that the company’s guiding principle is turning subscribers “hard-earned money” into quality […]
Netflix will be bundled into a new Sky pay TV subscription pack in Europe. Customers with the next-generation, Ultra HD Sky Q box will be able to access the service for the first time. Netflix will launch along with the new subscription pack in the UK and Ireland in the coming year, with the same […]
