A star of a Netflix series about young cheerleaders was sentenced on July 6 to 12 years in prison. Jerry Harris, 22, was ordered imprisoned for 12 years, followed by eight years of supervised release. U.S. Judge Manish Shah, an Obama appointee, handed down the sentence in federal court in Chicago. Harris, a surrogate for…
Former Netflix Star Sentenced to 12 Years in Prison for Child Pornography
Netflix Cuts 300 More Jobs Amid Slowing Growth
Netflix has laid off a further 300 employees after last month letting go of 150, mostly in the United States, amid slowing growth. The job cuts, which the company said in May were driven by business needs and not employee performance, come as Netflix subscriptions substantially fell for the first time in a decade. A…
Biden Asks Oil Heads to Produce More Gas for Less Profit; Cuban Exiles Sue Netflix Over Film | NTD Evening News
June 15, 2022
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President Joe Biden on June 14 sent oil refiners a letter, encouraging them to produce more oil for less profit. Meanwhile, his administration’s policies are blamed for driving up the oil cost. Another Cuban exile has filed a defamation lawsuit against Netflix over its spy-thriller “Wasp Network.” …
Netflix Announces Real Life ‘Squid Game,’ but With Far Less Dire Consequences
LOS ANGELES—A reality show inspired by Netflix’s hit series “Squid Game” is coming to the streaming service, but with far less dire consequences promised for contestants. In the South Korean-produced drama, players’ lives were at stake. With “Squid Game: The Challenge,” the “worst fate is going home empty-handed,” Netflix said Tuesday in announcing the reality…
Netflix Announces Another Season of ‘Squid Game’
LOS ANGELES—”Squid Game” will return for a second season, Netflix Inc. announced on Sunday, offering a few hints about what is to come in the dark Korean drama. “Squid Game” became Netflix’s most-watched series when it was released in September 2021. The show tells the story of cash-strapped contestants who play childhood games for a…
Netflix Shares Slide as Goldman Downgrades on Grim Economic Picture
June 11, 2022
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Netflix Inc. shares fell 5 percent on Friday after Goldman Sachs downgraded the streaming pioneer over risks of slower consumer spending and tough competition from Amazon and Walt Disney Co. In April, Netflix lost subscribers for the first time in more than a decade, signaling trouble ahead for the industry as rising prices of food…
Formula 1 Streaming License Could Be Major Catalyst For Netflix—Read Why
Netflix, Inc, Walt Disney Company ESPN, and Comcast Corp’s NBCUniversal bid for a new streaming license for Formula 1, likely to begin in 2023, the TechCrunch reports. Amazon.com Inc Amazon Prime was also a part of the bid, the Insider reports. ESPN acknowledged their aggressive pursuit of renewal as Formula 1 weighed other options. ESPN was the rights-holder in the U.S. for…
Spotify Shares Jump on Analyst Upgrade, Drawing Parallels With Netflix
Raymond James analyst Andrew Marok upgraded Spotify Technology S.A. to Outperform from Market Perform with a $150 price target. The stock has traded off significantly from all-time highs in early 2021 due to slower than expected scaling of the company’s podcasting business and, most recently, soft margin guidance. Marok saw the bad news as priced at the trading levels,…
Why This Netflix Analyst Is Cautious Despite Strong Debut of ‘Stranger Things’ Season 4
Netflix, Inc.’s “Stranger Things” season 4 made a strong debut, but this does not signal a turnaround in the fortunes of the streaming giant, according to an analyst at KeyBanc Capital Markets. The Netflix Analyst Brandon Nispel maintained a Sector Weight rating on Netflix shares. The Netflix Thesis “Stranger Things” represented Netflix’s strongest debut, with 286.8…
Ricky Gervais’s ‘Supernature’: A Convo With Keith Stubbs
Comedian Ricky Gervais’s new Netflix special “Supernature” has offended the LGBTQ community, making it the second Netflix comedy special to spark outrage, after Dave Chappelle’s latest show. I spoke to Keith Stubbs of Dry Bar Comedy to gain his perspective on the free speech issues at stake, as well as how comedians navigate this new…
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