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Tag: Netflix

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

Netflix begins password-sharing crackdown in India

Netflix will crack down on password sharing with customers in India and every other market Starting on Thursday. A limited test of the restriction, according to the global streaming juggernaut, helped the company add roughly 6 million customers in the quarter ending in June. The streaming giant declared that in almost all of its remaining […]

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

Netflix ends cheapest ad-free subscription in US, UK

Netflix has discontinued its basic plan for the subscribers in the US and the UK. This is Following the removal of the basic plan subscription package in Canada by the streaming giant. Users with the base plan could watch Netflix in 720p on a single screen, but new subscribers won’t be able to purchase the […]

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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