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The Current State of the Netflix Net Worth

In California, Netflix was created in 1997 by Reed Hastings and Marc Randolph. In what seems like a relic of the past, Netflix first started as a service offering DVDs sent to your home via mailbox. You watch the movie or show you ordered, then mail it back. In 2007, Netflix switched to streaming, a […]

Rising Netflix Competitors: Can the Throne be Saved?

The renowned streaming platform, Netflix, has been undeniably successful in the past decade, conquering the market in a landslide. However, times are changing, and Netflix competitors are on a rapid rise. Gaining the title of king is one thing, but keeping it is a whole other game. What should Netflix do to remain a leader […]

Netflix Lays Off 300 Employees in Cost-Cutting Drive

Netflix Inc said it laid off 300 employees, or about 4 percent of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade. The move mostly affected its U.S. workforce and came after the company cut 150 […]

Netflix ads are coming: Ad-supported streaming plans down the line

Netflix ads are soon to be implemented as lower-cost, ad-supported alternative packages, co-CEO Reed Hastings stated during the company’s Q1 earnings interview, after years of maintaining subscription-only plans, and in fear of massive subscriber loss. Hastings predicted that the firm will fully flesh out its ad-supported streaming approach in the next year or two, adding “but think […]

Netflix's weak subscriber forecast evaporates pandemic-fueled stock gains

Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020. Netflix projected it would add 2.5 million customers from January through March, less than half of the 5.9 million analysts had forecast. […]

Ex-Netflix executive gets prison for accepting tech bribes

A former Netflix executive was sentenced Tuesday to 2 1/2 years in federal prison for taking bribes and kickbacks from tech companies to approve lucrative contracts with the streaming giant. Michael Kail, 52, of Los Gatos also was ordered to forfeit $700,000 and pay a $50,000 fine, the U.S. attorney’s office said in a statement. […]

Netflix slashes prices to compete with Disney+, Amazon

In its attempt to compete with its rivals Disney and Amazon, the famous streaming service Netflix cut on Tuesday the prices of its services in India for the first time since launching five years ago. As it aims to reach higher on the streaming ladder, Netflix slashed its prices by 60 percent to $2.62 paid […]

Russia investigates Netflix after complaint over LGBT content

Russian authorities are investigating streaming giant Netflix after a public commissioner for protecting families accused the streaming company of violating a “gay propaganda” law, according to local reports. The commissioner claimed that some Netflix content with LGBTQIA+ themes was rated suitable for those aged 16 and older, whilst the country’s laws do not allow the […]