News tagged: Netflix
Disney will launch its own streaming service in two years and it's removing its library of content from Netflix as a result. Even though that service will boast a strong library, it's still limited compared to a regular streaming service, so it won't cost very much.
Kevin Spacey, an actor who's become associated with Netflix perhaps more than any other, will no longer be attached to the streaming service. House of Cards, in which he had the lead role, has been one of the largest original TV series from any streaming service.
Demonstrating how important original content can be for streaming services, Nielsen is estimating a third of all Netflix subscribers in the US watched the second season of Stranger Things. It's considered one of Netflix's best offerings, alongside shows like House of Cards.
Disney is coming out with a streaming service that has an adequately strong library to attract up to 30 million subscribers over the next ten years, says Morgan Stanley. If it reaches that figure, the service may end up worth $20 billion to $25 billion by 2028.
Over 300 million people watch content on Netflix, the most popular streaming service in the world. According to the company's VP of product innovation, Todd Yellin, there are 300 million viewers stemming from around 104 million paid streaming accounts.
After users found out that Verizon is throttling Netflix streams, the carrier issued official statement saying that was just a test. Just days later, the carrier launched new unlimited data plans that throttles video streams and users on the basic unlimited plans would have their
People who have a Netflix subscription tend to find it's the only paid streaming service they need, according to a market analysis from Second Measure. 80% of Netflix subscribers are only paying for that single service, whereas most HBO and Hulu users have a second service.
Netflix has repeatedly used debt offerings over the years to fund various activities and it's turning to that strategy once again. The streaming company has announced it'll raise $1.6 billion in debt for "general corporate purposes." It'll use that money for new content.
The ongoing and ever increasing original content push from Netflix will include 80 original films next year, says chief content officer Ted Sarandos. Those films cover a variety of budgets, with Bright (starring Will Smith) and The Irishman at the higher end.
Netflix added another 5.3 million subscribers during the third quarter of 2017, beating its own projections. The streaming service told investors it was only going to add an estimated 4.4 million, making this report a delightful surprise. It'll add over 6 million next quarter.
Just in 2018, Netflix could end up spending $8 billion on original content in the form of movies and TV shows. The streaming service continues to invest in content in order to maintain its lead in the industry. Netflix has been pushing its original content library for five years.
It has been rumoured for quite some time that Netflix is in financial trouble with $5 billion in current debt and that it could raise prices to earn some money. Exactly that is now happening to its top-tier and standard plans, while the basic plan remained intact.
Netflix is rolling out price hikes again, with its most popular plan increasing by $1. Those who want access to 4K content will see an even greater increase, with it going from $12 to $14 per month. The service has three plans, with the now $11 one being the most popular.
Netflix's dominant position in the online video streaming industry isn't going to disappear in the foreseeable future, says a report from UBS. The bank believes Netflix's "competencies in both content and technology will drive a virtuous cycle of greater subs."
Apple's latest smartphones have just received HDR support on Netlifx. The Netflix for iOS app has now received an update for HDR support for iPhone 8, iPhone 8 Plus and iPhone X users. Aside from new iPhones, the newest 10.5-inch iPad Pro and 12.9-inch iPad Pro models also
Hulu's total investment in programming this year will be $2.5 billion. While that's a large amount of money, it's far less than what Netflix and Amazon, two of its main competitors, are spending. CEO Mike Hopkins revealed the investment figure at an event in NYC.
Netflix was trying to reach a deal with Disney that would have let it keep Star Wars and Marvel content past 2019, but Disney CEO Bob Iger has confirmed those movies will indeed leave the streaming service. Netflix had been fighting to keep the content during the past month.
T-Mobile is now including free Netflix service with its family plan. ONE customers can view as much content from the streaming service as they like, with a monthly plan normally worth $10. This bonus, known as the carrier's "Netflix on Us" offer, is available with 2+ lines.
Netflix has been busy the last few months with adding HDR support for new devices. Today, more devices have been added to the list, including flagship Samsung Galaxy Note 8 and Sony Xperia XZ1. The HDR streaming allows for better image, with darker darks and brighter highlights.
Netflix has quietly added HDR video streaming support on the Galaxy Note 8 to its mobile app, making the Samsung handset the fourth smartphone to receive HDR streaming. That support will immediately be available when the Samsung device is released on September 15.