Netflix shareholders have voted to reject the lucrative pay plans of the company’s top executives, including the co-CEOs Ted Sarandos and Greg Peters. The vote can be overruled by the company’s board of directors the next time it meets. The vote came days after the Writers Guild of America, sent a public letter urging the […]
Reed Hastings has become Executive Chairman of Netflix, with Greg Peters stepping up from COO to become Ted Sarandos’s co-CEO, and a member of the Netflix board. The news came as the streaming giant revealed Q4 2022 numbers that exceeded its forecast. “I want to thank Reed for his visionary leadership, mentorship and friendship over […]
Netflix reported a net loss of 200,000 subscribers during its January-March Q1/2022 trading period (compared with Q4/2021) and admitted that there might be worse to come during this current quarter. The loss is the first in more than 10 years of subscriber growth and prompted a 25.73 per cent crash in the company’s share price. […]
No regular reader will doubt that I’ve never exactly over-indulged on the Netflix Cool-Aid, so the latest news isn’t a big surprise. Price rises in a cost-of-living crisis and plateaued content offerings (both quality and quantity), matched with inflation in production, were never going to be a good mix. Add in vociferous competition and the […]
HBO Max gained 2.4 million new subscribers in the US during Q1. The streamer had 12.1 million subs by the end of June, compared with 9.7 million at the end of March. This does not include people who have access to the WarnerMedia-owned service for free through their cable subscription. This contrasts with Netflix figures […]
There was confirmation from Netflix that it would be adding gaming into its portfolio of entertainment choices, but little else in the way of good news for investors or market watchers from the streaming company’s latest earnings report. The streaming service added a net 1.5 million subs during the April-June period and takes to 5.5 […]
Netflix’s 200+ million subscribers, and with seemingly no worries over its future financing, delivered a strong message to both its pay-TV rivals as well as Europe’s important broadcasters. Netflix, in reporting its Q4 results said its net paid subs addition (8.5 million vs 6 million guidance) was impressive. Total paid streaming subscribers crossed 200 million […]
Netflix co-CEO Reed Hastings has sold almost a quarter-billion’s worth of shares. Hastings sold $230.6 million’s (€189m) worth of shares in Netflix (437,311 shares) on December 21st at an average price of $527.26 per share, a fraction below their $527.22 value on December 22nd. Hastings released the data on December 22nd. Most of the shares […]
Netflix has confirmed the appointment of Strive Masiyiwa to its board. Masiyiwa is the Chairman and founder of Econet Group, a telecommunications and technology group with operations and investments in 29 countries in Africa and Europe. “We are delighted to welcome Strive to the Netflix board,” said Netflix co-founder, Chairman and co-CEO Reed Hastings. “His […]
Netflix has seen a surge in subscribers during the second quarter due to global lockdowns, but has warned investors that sign-ups will inevitably slow. The streaming service added 10.1 million subscribers in the three months to July, bringing the total of new subscribers to 26 million in 2020. For comparison, Netflix saw 28 million new […]