Netflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video streaming service’s effort to launch a cheaper option with commercial interruptions.
Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days.
Two former Netflix employees who criticized anti-transgender comments on Dave Chappelle’s TV special are dropping labor complaints and one has resigned from the company, it was announced Monday.
I lost a loved one the other day. No, it was not due to COVID, but he did have some underlying conditions that caused him to deteriorate so suddenly. Technically, I should say that it caused him to fade to black, as the symptoms seemed to indicate.
NEW YORK (AP) — Steven Spielberg, a filmmaker synonymous with big-screen enchantment, has set a new deal with Netflix in which his production company, Amblin Partners, will make multiple feature films per year for the streaming giant.