NASDAQ registered one of its worst daily performances in months on July 20 as the index got dragged down by the crashing stocks of Tesla and Netflix. On Thursday, NASDAQ declined by 295 points, or 2.05 percent, which is the biggest daily percentage decline since Feb. 21, when the index fell by 2.5 percent. The…
NASDAQ Dips Over 2 Percent on Thursday for Worst Performance in Five Months
Costco Clamps Down on Membership Card Sharing at Self-Checkout
Costco has begun clamping down on non-member shoppers using other people’s membership cards, the company confirmed in a statement on June 27. As part of the crackdown, the retailer has started requesting that shoppers now show their membership cards with a photo when they head to self-checkout registers. Those who do not have a photo…
Netflix Seeks to Limit Password Sharing in US
Streaming giant Netflix is cracking down on the practice of subscribers sharing passwords with non-household members in the United States. “Your Netflix account is for you and the people you live with—your household,” the company said in an email posted to a blog on May 23. Netflix gives two options for subscribers looking to share…
Hollywood Writers Strike Enters 3rd Week With No End in Sight
May 17, 2023
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BURBANK, Calif.—Hundreds of writers across the Los Angeles area picketed at major entertainment studios again on May 17, calling for better wages and representation as the strike entered its third week—with no end in sight. The strike began on May 2 after negotiations broke down between the Writers Guild of America (WGA) and the Alliance…
IN-DEPTH: Bill C-11 Is Now Law—What Does It Do?
The Liberal government’s long-debated and controversial legislation aimed at regulating some aspects of online streaming and social media platforms has passed into law, more than a year since it was first introduced in the House of Commons. Bill C-11, which passed the Senate and received royal assent on April 27, amends the Broadcasting Act to…
Bill C-11: How to Get the Internet, Not TrudeauNet
Commentary What can you do if you don’t want the new government-approved internet? If you want the internet, not TrudeauNet, find a VPN (Virtual Private Network) and you are on your way. VPNs are designed to enhance security but also to make your IP address invisible to the rest of the internet. That means you…
Netflix to Invest $2.5 Billion in South Korea to Make TV Shows, Movies
Netflix Inc. said on Tuesday it will invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies, and unscripted shows, doubling its investment in the market since 2016. The U.S. streaming service made the announcement after a meeting between South Korean President Yoon Suk Yeol and Netflix co-CEO…
Netflix Reports Mixed Earnings as Password Crackdown Set to Expand
Netflix Inc. beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges the mature streaming service faces in its pursuit of growth. The company said it shifted a wider launch of a plan to crack down on unsanctioned password sharing into the second quarter to make…
Bill C-11 Returns to Senate for Another Vote After House Rejects Some Amendments
The Liberal government’s controversial bill that will bring digital streaming giants under the authority of a federal agency is returning to the Senate for another vote after the House of Commons voted to reject some amendments previously proposed by senators. MPs debated the proposed amendments for Bill C-11, the Online Streaming Act, for two days…
UK to Step up Regulation of Video Streaming Giants to ‘Level the Playing Field’
The UK government is planning to exert more regulatory control over streaming platforms in order to “level the playing field” and make British public service broadcasters more competitive in the media market. Under the draft Media Bill published on Wednesday, video-on-demand services such as Netflix, Amazon Prime Video, and Disney+ will be brought under rules…
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