Tag: Netflix

Dutch authorities fine Netflix €4.75m over data transparency breach
Business

Netflix to invest $2.5b in South Korean movies 

Netflix has announced plans to invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies, and unscripted shows, which doubles the amount the company has invested in the market since 2016. According to Reuters, the announcement followed a meeting between South Korean President Yoon Suk Yeol and Netflix […]

Business

Netflix co-founder resigns, company hits 230m subscribers

Christian George   Netflix co-founder and co-CEO, Reed Hastings, is stepping down after piloting the affairs of the company for about two decades.   This is just as the streaming giant announced that its number of subscribers peaked to 230 million in 2022.   The news about Hastings’ resignation was made available on the company’s […]

Business

Netflix loses 39,451 Nigerians over naira card restriction

American subscription video on-demand over-the-top streaming service and production company, Netflix, said it recorded a loss of 39,451 Nigerian users in 40 days.   The online streaming service platform said this was due to the suspension of international transaction on Naira Cards by Nigerian commercial banks.   Recall that, many Nigerian commercial banks have suspended […]

News

Analyst predicts 2023 challenges for Netflix

  Industry analyst have predicted that streaming platform, Netflix’s investors will have plenty to worry for in 2023 despite it’s 65 percent stock increase since July. According to Wall Street analyst, Needham’s Laura Martin, the stock will battle several headwinds in the new year including slowing subscriber growth and increased pressure on its key financial […]

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