Bill Ackman dumps Netflix stake following share price plunge April 21, 2022 Top Netflix shareholder Bill Ackman has sold his stake in the world’s largest streaming service, sending further shockwaves for the fallen pandemic darling. It comes as the company lost $50bn in value over the past few days after shares were sent into a frenzy following the trading update which reported heavy losses of 200k subscribers [...]
Netflix shares tumble as streaming giant loses 200k subscribers April 20, 2022 Netflix reported a loss in subscribers for the first time, down 200,000 subscribers, citing inflation, emerging competition from the likes of Disney+ and Amazon, as well as the Ukraine war as contributing factors.
Right to be entertained: Russians sue Netflix after market exit April 13, 2022 Russian Netflix users are suing the streaming giant after it exited the market last month, citing a violation of their rights. Nearly 200,000 people have launched a lawsuit against Netflix, demanding 60 million roubles (£563,000) in compensation, the RIA news agency reported. “Today, a law firm representing the interests of Netflix users filed a class [...]
Streaming prices set to soar as market swells and broadcasters pivot March 21, 2022 Streaming subscriptions could cost households as much as £2,500 a year, as the market swells and broadcasters begin to pivot.
Netflix eyeing new fees to prevent password sharing March 17, 2022 Netflix is exploring technology that will halt users sharing their passwords with others. While the streaming giant’s terms and conditions do prohibit users who do not live together sharing the same account, users can currently simply share a password to an account. Now, the company said it will start testing allowing subscribers to pay a [...]
Netflix hikes subscription prices by £1 as it boosts UK investment March 10, 2022 Netflix has announced it will be increasing its prices for its subscription packages in the UK. The basic and standard plan will both increase by £1 a month to £6.99 and £10.99 respectively, while the premium tier will go up by £2 to £15.99. The US streaming giant has said that these changes will allow [...]
Streamer turned gamer: Netflix snaps up Walking Dead publisher Next Games in £54m deal March 2, 2022 Netflix becomes the latest tech firm to pivot into the world of gaming, with the streaming giant announcing its acquisition of Finnish firm Next Games in a €65m (£54m) deal.
Telecom chiefs call on EU lawmakers to make Big Tech ‘share the burden’ of investment February 14, 2022 Chiefs at Deutsche Telekom, Orange, Telefónica and Vodafone have called on European lawmakers to push Big Tech to contribute to expanding internet infrastructure.
Ofcom boss bids to regulate Netflix following Jimmy Carr row February 7, 2022 Ofcom chief boss Dame Melanie Dawes has said there would be “real value” in the media and telecoms watchdog regulating Netflix. In an exclusive interview with Channel 4 News, Dawes discusses the controversy surrounding the screening of a Jimmy Carr special in which the comedian made a joke about the Holocaust. In response to whether Ofcom should [...]