BritBox launches in the UK – but can it challenge Netflix? November 7, 2019 BritBox, the new streaming service from the BBC and ITV, has launched in the UK this morning as broadcasters attempt to muscle in on the lucrative online television market. The platform, which announced this morning that it would also feature content from Channel 4 and Channel 5, is entering a crowded market, with market leaders [...]
British film board rolls out new age ratings for Netflix films and TV shows October 29, 2019 The UK film regulator will this week roll out a series of new age rating symbols designed for online streaming platforms. The digital classification symbols, which will launch on Netflix from Thursday, are designed to help young people make more conscious choices about what they watch online. Read more: Netflix to set its own age [...]
Netflix to sell a further $2bn in bonds as it builds up war chest October 21, 2019 Netflix has announced plans to sell roughly $2bn (£1.5bn) worth of bonds as it launches a final push for cash before the onslaught of new streaming rivals. The on-demand video giant said it will issue the bonds in both euros and dollars and will negotiate terms such as interest rate and maturity date with buyers. [...]
Netflix shares rise as it beats profit expectations ahead of streaming wars October 16, 2019 Shares in Netflix rose as much as much as nine per cent in after-hours trading as the streaming giant’s third-quarter profit beat analysts’ forecasts. Netflix today reported net profit of $665m (£518.5m) in the three months to the end of September, up almost 40 per cent on the same period last year. Earnings per share [...]
Advertisers need to get in on the streaming revolution September 23, 2019 TV consumption habits have undergone a revolutionary shift. It started with the arrival of players like Netflix, and a decade later, it’s rapidly accelerating as new platforms like Amazon Prime Video and BritBox enter the space. These new entrants are being spurred by consumer demand – 63 per cent of UK consumers stream today, with [...]
Netflix boss says The Crown will ‘look like a bargain’ as streaming battle begins September 20, 2019 Netflix chief executive Reed Hastings says the its drama about the British Royal family, ‘The Crown’, will “look like a bargain” as the arrival of streaming rivals Apple, Disney and NBC will push content costs up. The series, which will include 60 episodes over six season, cost a reported £100m to produce. Read more: Netflix [...]
Apple TV Plus gives Netflix chills as it undercuts streaming rival September 11, 2019 Apple has turned up the heat on incumbent streaming firm Netflix, revealing its new Apple TV Plus service will launch with a price tag of just £4.99 per month. The Silicon Valley tech giant last night confirmed its eagerly-anticipated streaming platform will launch in 100 countries, including the UK, on 1 November. Read more: Apple [...]
Netflix snaps up Uxbridge production space in latest UK push August 19, 2019 Netflix has signed a deal to rent out production space in Uxbridge, just weeks after it unveiled its new UK hub at Shepperton Studios. Morning Wire understands that the US streaming giant is set to take a 134,000 square feet unit called UX1 in an industrial park in west London as part of a 10-year [...]
Youtube and Netflix among most-watched channels as streaming booms August 7, 2019 YouTube and Netflix are now the third and fourth most-watched video services in the UK, as streaming continues to eat away at traditional TV viewing. British adults watch on average 34 minutes of Youtube and 18 minutes of Netflix per day, overtaking both Channel 4 and BBC Two. Read more: The new King of the [...]
Netflix loses its chill: Four ways the streaming giant can recover July 18, 2019 Netflix shares dropped roughly 11 per cent when Wall Street opened today, as bleary-eyed investors reacted to a disappointing set of second-quarter results. The streaming firm posted a 26 per cent rise in revenue to $4.9bn (£3.9bn), but added just 2.7m worldwide subscribers, well below its 5m forecast. Read more: Netflix to open huge UK [...]