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Tag: Netflix

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

Dutch authorities fine Netflix €4.75m over data transparency breach

Netflix has been fined €4.75 million (approximately $4.98 million) by Dutch authorities for failing to adequately inform subscribers about the use of their personal data. The Dutch Data Protection Authority announced the penalty on Wednesday, citing violations that occurred between 2018 and 2020. According to the AP, Netflix did not provide clear and sufficient details […]

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

Netflix denies exit from Nigerian market amid speculation

Netflix has denied reports suggesting it is exiting the Nigerian market, reaffirming its commitment to investing in local content. The speculation arose after comments made by prominent Nigerian filmmaker Kunle Afolayan during the 2024 Zuma International Film Festival. Afolayan disclosed that Netflix had cancelled several films commissioned from unnamed filmmakers, sparking concerns about the platform’s […]

Tech

Netflix shares soar after Tyson-Paul event, set for best week

Netflix shares were on track for their fifth consecutive daily gain on Friday, heading toward their biggest weekly percentage increase since January. The surge follows the streaming giant’s successful broadcast of a highly anticipated boxing match between Mike Tyson and Jake Paul. The stock rose 0.2 per cent to $899.06, slightly below Thursday’s intraday record […]

Netflix to roll out games for TVs, laptops
Tech

Mike Tyson, Jake Paul bout disrupt Netflix service

Netflix experienced a major outage affecting thousands of users in the US and India, coinciding with the Mike Tyson vs Jake Paul boxing match. Downdetector.com reported over 80,000 incidents of Netflix being unavailable in the US. The issue was later resolved, with the #Netflixcrash hashtag trending on X (formerly Twitter). The outage appeared widespread, with […]

News Tech

Again, Netflix raises subscription in Nigeria to N7,000

Video streaming platform, Netflix, has raised the cost of its subscriptions in Nigeria once more. The Premium Plan will now cost N7,000 per month instead of N5,000. This marks the platform’s second price adjustment in three months with the introduction of the most recent price increase in April of this year. As of the time […]

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 […]

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