AT&T Inc.’s HBO Max trails Netflix Inc. and Walt Disney Co.’s Disney+ in the streaming wars, but the HBO Max app is signaling that AT&T may be gaining some ground. At the very least, HBO Max has pulled ahead in the Apple Inc. app store battle. HBO Max was ranked as low as 27th in…
Top US Media Groups Including Disney, Netflix Look to Spend $115 Billion in 2022: FT
The top eight U.S. media groups expect to spend at least $115 billion on new movies and TV shows in 2022 to attract new customers for the video streaming business, Financial Times reports. Morgan Stanley sees The Walt Disney Co.’s investment in streaming content growing by 35 percent–40 percent in 2022. Disney’s spending on all new movies…
Netflix Slashes India Prices in Battle With Disney, Amazon
December 14, 2021
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MUMBAI—Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years ago in the South Asian nation, as it moves to better compete with fierce rivals Disney and Amazon. The streaming giant cut prices by 60 percent, to 199 rupees ($2.62) a month, for its basic…
Netflix Loses Fox Lawsuit Appeal
Netflix Inc. lost its appeal to a court decision that the company stops poaching fixed-term staff from Fox Corp., Bloomberg reports, citing a California appellate court. Fox’s agreements provided “stability and predictability” for employees, Justice Dorothy C. Kim said. She also rejected Netflix’s argument that Fox pressed employees into extending their contracts, thereby holding them…
‘Squid Game’ Smuggler to Die by Firing Squad in North Korea: Report
A North Korean man has reportedly been sentenced to death by authorities after he was caught distributing copies of the Netflix series “Squid Game,” which Pyongyang says reflects South Korea’s “beastly” society. According to Radio Free Asia (RFA), the individual smuggled in copies of the Korean-language Netflix hit via USB flash drives and sold them…
Kevin Spacey Ordered to Pay Studio Behind ‘House of Cards’ $30 Million After Violating Sexual Harassment Policy
Actor Kevin Spacey was ordered to pay more than $30 million to TV studio Media Rights Capital (MRC), the studio behind Netflix’s “House of Cards” after breaching his contract by violating the company’s sexual harassment policy, according to a court filing revealed Monday. The arbitration award came to light when MRC filed a petition in Los Angeles…
Netflix Employee at Center of Protests Against Dave Chappelle Voluntarily Resigns
A Netflix employee at the center of worker-led protests over its streaming of comedian Dave Chappelle’s latest comedy special has voluntarily resigned, it was announced Monday. Chappelle’s special “The Closer”, which debuted on Oct. 5, led to backlash from LGBTQ+ advocates and prompted a walkout among some Netflix employees. Terra Field, a trans engineer at Netflix, was…
‘Squid Game’ Is a Brutal Reality
Commentary Contrary to popular belief, 2021 is not the Year of the Ox; it’s the Year of the Squid. For those of you not stranded under a rock, “Squid Game” probably rings a bell. For many, the TV series is no more than a dystopian fiction; for others, though, it’s a brutal reality. As the most-watched Netflix TV…
Is Netflix’s Stock Overvalued or Undervalued?
Netflix shares have outperformed the S&P 500 in 2021, generating a year-to-date total return of 25.9 percent. But after gaining 114.6 percent in the past three years, investors may be wondering if there’s any value left in Netflix stock. Earnings A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a…
Netflix Removes Episodes of Australian Drama in Philippines for Showing Beijing’s Nine-Dash Line
Netflix has taken down two episodes of the Australian political drama “Pine Gap” from its service in the Philippines after the show displayed an image of a map with the Chinese regime’s nine-dash line on it, which the Phillipino government called a violation of the country’s sovereignty. Following a formal complaint lodged by the Department…
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