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Tag: Netflix

Netflix's ad-supported subscription plan rises to 94m users
News

Netflix records $9.5bn revenue, adds 8m subscribers

Streaming platform, Netflix has added 8.05 million new paid subscribers in the second quarter of 2024, surpassing projected estimates of 5.2 million by 54%. This surge elevates Netflix’s global subscriber base to 277.65 million, solidifying its dominant position in the streaming market. While lower than the 9.33 million recorded in Q1 2024, this figure still […]

Tech

Peacock, Netflix, Apple TV+ join forces for streaming bundle

Major streaming platforms have joined forces to introduce bundled packages, marking a significant shift in the streaming space. Expected to launch this month, the inaugural StreamSaver bundle will integrate Peacock, Netflix, and Apple TV+. Comcast customers will have exclusive access to this bundle, as confirmed by CEO Brian Roberts. Roberts hinted at the tantalizing prospect […]

Netflix co-founder Reed Hastings donates $1.1bn to charity
Tech

Netflix co-founder Reed Hastings donates $1.1bn to charity

Netflix’s co-founder and executive chair, Reed Hastings, has made a remarkable philanthropic move by donating 2 million Netflix shares, valued at over $1.1 billion at the current market price, to the Silicon Valley Community Foundation in Mountain View, California. This substantial donation, representing around 40% of Hastings’ Netflix holdings, was disclosed in a recent Securities […]

Netflix commits over $23.5m into Nigeria entertainment industry - FG
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Netflix commits over $23.5m into Nigeria entertainment industry – FG

    By Wilson Adekumola The Minister of Art, Culture and Creative Economy, Mrs Hannatu Musawa, has disclosed that Netflix has committed more than US$23.5 million into the Nigeria entertainment industry to provide a platform to have the `Black Book’, a movie from the country’s shores that has attracted 70 million worldwide views. Musawa, disclosed […]

Verizon packages Netflix, Max plans for users
News Tech

Verizon packages Netflix, Max plans for users

Verizon Communications on Monday, said that it would package streaming subscriptions to Netflix and the Max platform, which is owned by Warner Bros. Discovery, for its subscribers. Starting on Thursday, Verizon “myPlan” customers can choose to subscribe to the ad-supported Netflix and Max plans for a total of $10 per month. This is the newest […]

Netflix unveils first use of generative AI in original series
News Tech

Netflix hikes streaming plans in US, UK, France

Netflix on Wednesday, increased the cost of certain of its streaming plans in the US, the UK, and France. Overcoming the 6 million median predictions of Wall Street experts LSEG surveyed, the company added roughly 9 million new subscribers globally. Netflix attributed the gains to its campaign against password sharing and a consistent stream of […]

Netflix begins cloud gaming service testing
News Tech

Netflix begins cloud gaming service testing

Netflix is now starting to test its cloud gaming service in the United States after conducting limited trials in Canada and the United Kingdom. The streamer has acquired gaming studios and licenced games from individual creators as part of the service, an expansion of the company’s mobile gaming activities that started in 2021. The goal […]

Netflix's ad-supported subscription plan rises to 94m users
News Tech

Netflix to increase price after password-sharing crackdown

Netflix is set to lay the groundwork for price rises following its crackdown on password-sharing, which likely increased subscribers by approximately 6 million in the third quarter. In order to reach the more than 100 million users who use its service without subscribing, Netflix, the only profitable major streamer, has restricted password sharing outside of […]

Netflix's ad-supported subscription plan rises to 94m users
News Tech

Netflix ends free subscription plan in Kenya

Netflix said on Monday that its free mobile plan in Kenya, which gave subscribers access to a quarter of its episodes and films for free for the previous two years, is coming to an end. It did not specify how many subscribers were gained as a result of the promotion strategy, which was created to […]

Netflix's ad-supported subscription plan rises to 94m users
News Tech

Netflix debuts games in Canada, others

Netflix users in Canada and the UK may be able to play Netflix games on some TVs as well as on their PCs and Macs in the upcoming weeks, according to the streaming giant. Netflix games were introduced in 2021 and up to this point could only be played on mobile devices. This deployment will […]

Netflix unveils first use of generative AI in original series
News Tech

Netflix partners Jio to expand to India

Netflix has signed a “first-of-its-kind” agreement with Jio Platforms, India’s largest telecom provider, to combine the streaming service with the carrier’s two pay-as-you-go plans. This is as the American streaming platform works to increase its subscriber base in the crucial Asian market. “We are thrilled to expand our relationship with Jio. Over the years, we […]

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