Netflix Subscribers and Revenue Surge Beyond Estimates
Video Credit: Wibbitz Top Stories - Duration: 01:32s - Published
Netflix Subscribers and Revenue Surge Beyond Estimates
Netflix Subscribers and Revenue , Surge Beyond Estimates.
On Jan.
23, Netflix said that it added
13.12 million subscribers in Q4 2023.
It had only anticipated to get
about 9 million, Yahoo Finance reports.
.
The news saw Netflix's stock rise 10%
in premarket trading on Jan.
24.
Company revenue also surpassed Wall Street expectations of $8.71 billion to reach $8.83 billion.
Compared to the same time last year, that's a
12.5% increase in revenue, Yahoo Finance reports.
.
Price hikes, an ad-supported tier and an end to password sharing likely contributed to the growth.
.
Netflix expects to shell out $17 billion on content
in 2025, though it won't be acquiring linear assets.
.
We’re not interested in acquiring linear
assets.
Nor do we believe that further
M&A among traditional entertainment
companies will materially change the
competitive environment... , Netflix, via earnings reports.
... given all the consolidation that has
already happened over the last decade
(Viacom/CBS, AT&T/Time Warner, Disney/Fox,
Time Warner/Discovery, etc.), Netflix, via earnings reports.
Since streaming competition is still fierce, Netflix says, "continuing to improve our entertainment offering is so important, and as many of our competitors cut back on their content spend, we continue to invest in our slate."
Jim Gaffigan shares his reaction with THR when Jerry Seinfeld called him to join Netflix's 'Unfrosted' and said he was amazed at the "stamina" Jerry had as a director. Plus, he talks about stand-up comedy having a resurgence.
Credit: The Hollywood Reporter Duration: 05:06Published
The new Netflix drama 'Baby Reindeer' is the talk of the Internet. And now, the alleged real-life stalker who inspired the character Martha is speaking out. An unnamed woman, who claims to be the inspiration behind actress Jessica Gunning's character Martha in the popular series, told the Daily Mail she was considering legal action for defamation following the release of the project. 'Baby Reindeer,' created by and starring Richard Gadd, is billed as a true story inspired by events that happened in Gadd's life.
Credit: The Hollywood Reporter Duration: 01:43Published
'Bridgerton' is back this May with part one of its highly anticipated third season. Here's what else is coming to and leaving the streaming service Netflix throughout the month.
Credit: The Hollywood Reporter Duration: 02:03Published
Ellen DeGeneres says she got thrown out of Hollywood for being mean and toxic -- something she's making light of now in a new stand-up show ... which is coming.. TMZ.com
Richard Gadd's asking amateur detectives to put down their magnifying glasses in trying to dissect his new Netflix show ... 'cause people are getting falsely.. TMZ.com
Reddit Prices Shares , at $34 in IPO.
Reddit will go public on March 21 and has priced
its IPO at $34 a share, Yahoo Finance reports.
That is about a $6.4 billion valuation.
A social media company hasn't gone
public since Pinterest in 2019.
Reddit gained increased recognition
amid the meme stock craze of 2021.
Reddit had 500 million site visitors in 2023.
Its revenue increased 20%
from 2022 to $804 million.
According to an S-1 filing, Reddit said that its "content is particularly important" for the world of artificial intelligence.
We are exploring business
opportunities in licensing data
for purposes including machine
learning, business analysis, display
and training generative AI models, Reddit, via S-1 filing.
1.76 million shares have been set aside for eligible Reddit users and moderators. .
Headline venture partner Kamran Ansar
said the decision lends itself to volatility. .
You may see a big run up in
the stock price and a drop, Headline venture partner Kamran Ansar, via statement.
Because this has such a rabid
community around it, the Reddit
users, you could see Reddit itself
ironically become a meme stock
the way that you saw happen
with like AMC and GameStop, Headline venture partner Kamran Ansar, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
Experts Say Fed's , Rate Hikes Could Impact , Housing Market for Decades.
Yahoo Finance reports that the housing market
has been showing signs of bouncing back as
this year's spring home-buying season begins.
For the second week in a row, mortgage rates
fell, reaching the lowest level in over a month. .
According to Freddie Mac, the average rate
on a 30-year fixed mortgage dropped to
6.74% from 6.88% the week before.
At the same time, supply is also
starting to rebound, with new listings
hitting a 17-month high in February. .
Despite the improvement, experts warn
that the Fed's aggressive rate-hiking campaign could
have long-lasting side effects on the housing market.
Despite the improvement, experts warn
that the Fed's aggressive rate-hiking campaign could
have long-lasting side effects on the housing market.
According to economist Gary Shilling, the Fed's
campaign has created a "perfect storm,"
with higher rates causing would-be
home sellers to put their plans on hold. .
It won't continue
indefinitely, but it certainly
is disruptive right now, Gary Shilling, Economist, via Yahoo Finance.
Redfin CEO Glenn Kelman shared similar views on the future of the housing market, warning it could take decades to move beyond the impact of the Fed's efforts.
Redfin CEO Glenn Kelman shared similar views on the future of the housing market, warning it could take decades to move beyond the impact of the Fed's efforts.
There's going to be low
supply for a long time to
come. What the Fed did…
will have a 30-year tail on it, Glenn Kelman, Redfin CEO, via Yahoo Finance.
Yahoo Finance reports that mortgage rates may be
unlikely to fall much further in the near term, meaning
that a more substantial rebound may still be far off.
Credit: Wibbitz Top Stories Duration: 01:30Published
Consumer Prices , Rose 0.4% in February.
The Bureau of Labor Statistics released
its latest data on March 12.
In February 2024, prices rose 0.4%
compared to January and 3.2% year-over-year, according to the Consumer Price Index (CPI).
The figures, which are greater than expected, represent the biggest monthly increase since September, Yahoo Finance reports. .
The index for housing rent rose 0.5% in February.
Gas prices rose 3.8%.
While food prices held steady for the month, they increased 2.2% year-over-year.
The Federal Reserve will use the latest data to help determine its position on interest rates on March 20. .
Experts predict that rates will
remain unchanged for the time being.
The market is now eyeing June for the possibility of rate cuts, Yahoo Finance reports. .
Fed Chair Jerome Powell recently said
that while interest rates will likely
be cut "at some point this year,"
"a little bit more data" is needed.
Credit: Wibbitz Top Stories Duration: 01:31Published
Disney has finally released the first trailer for 'Mufasa: The Lion King.' The film, directed by Barry Jenkins, serves as both an origin story and follow-up to Jon Favreau's 2019 movie 'The Lion King' which was based on the 1994 Disney animated classic of the same name. The new film will tell the backstory of Simba's father, Mufasa, an orphan who grew up to be a wise, powerful and compassionate ruler.
Credit: The Hollywood Reporter Duration: 01:31Published
A woman who played Snow White for a job claims she was canned by the Mouse House for ruining the magic on social media ... which has led to some confusion among.. TMZ.com
2024 Rock & Roll Hall of Fame Inductees , Are Announced.
2024 Rock & Roll Hall of Fame Inductees , Are Announced.
This year's honorees are
Mary J. Blige, Cher, Dave Matthews Band.
This year's honorees are
Mary J. Blige, Cher, Dave Matthews Band.
This year's honorees are
Mary J. Blige, Cher, Dave Matthews Band.
Foreigner, Peter Frampton, Kool & The Gang.
Foreigner, Peter Frampton, Kool & The Gang.
Foreigner, Peter Frampton, Kool & The Gang.
Ozzy Osbourne and
A Tribe Called Quest, NPR reports. .
Ozzy Osbourne and
A Tribe Called Quest, NPR reports. .
John Sykes, chairman of the Rock & Roll
Hall of Fame Foundation, issued a
statement about this year's inductees.
Rock & Roll is an ever-evolving
amalgam of sounds that impacts
culture and moves generations, John Sykes, chairman of the Rock & Roll Hall of Fame Foundation, via NPR.
This diverse group of inductees
each broke down musical barriers
and influenced countless artists
that followed in their footsteps, John Sykes, chairman of the Rock & Roll Hall of Fame Foundation, via NPR.
Additionally, the Musical Influence Award will go to Alexis Korner, John Mayall and Big Mama Thornton.
Additionally, the Musical Influence Award will go to Alexis Korner, John Mayall and Big Mama Thornton.
Additionally, the Musical Influence Award will go to Alexis Korner, John Mayall and Big Mama Thornton.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Ahmet Ertegun Award, which honors those
who don't perform music but have made an impact
in the industry, will go to Suzanne de Passe.
The induction ceremony will take place on Oct. 19 and will stream live on Disney+.
It will be available to view on Hulu the following
day and will also air on ABC at a later date.
It will be available to view on Hulu the following
day and will also air on ABC at a later date
Credit: Wibbitz Top Stories Duration: 01:30Published
Disney to Ban Visitors , Who Lie About Disabilities.
The Walt Disney Company says that there has
been an uptick in fraudulent disability claims at
its parks from people attempting to gain Disability Access Services (DAS), 'New York Post' reports. .
On April 15, the company said that anyone found to have lied about a disability to obtain these services will be banned from Disney parks permanently. .
If it is determined that any of the
statements a Guest made in the
process of obtaining DAS are not true,
the Guest will be permanently barred
from entering the Walt Disney World
Resort and the Disneyland Resort, The Walt Disney Company, via statement.
Any previously purchased Annual
Passes, Magic Key passes, tickets and
other park products and services...
will be forfeited and not refunded, The Walt Disney Company, via statement.
DAS allows people with disabilities
to skip waiting in lines.
The company's website previously indicated
that the service was for “guests who have
difficulty tolerating extended waits in a
conventional queue environment due to a disability.”.
The website has since been updated to read, , “DAS is intended to accommodate a small
percentage of Guests who, due to a developmental disability like autism or similar, are unable to wait in a conventional queue for an extended period or time.”.
At Walt Disney World, “in-person registration will no longer be available at theme park Guest Relations locations starting May 20, 2024,” Disney said.
Instead, DAS registrations will
take place via virtual video chat. .
However, at Disneyland, guests can
apply for DAS via either virtual chat or an
"accessibility services" window beginning June 18. .
Anyone who currently has DAS will be required to re-apply, 'New York Post' reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
AT&T Confirms Data Breach , Affected 73 Million Customers.
73 million current and former
AT&T customers have had their sensitive
data compromised in a hack that some outlets
say dates back to 2021, Gizmodo reports.
The data, which includes social security numbers, email addresses, birthdates, phone numbers and AT&T account information, .
was located two weeks ago in a data
set released on the dark web.
It's not clear if it was AT&T's systems that were breached or if the information was stolen from one of the company's vendors.
Currently, AT&T does not have evidence
of unauthorized access to its systems
resulting in exfiltration of the data set, AT&T, via statement.
The company is communicating
proactively with those impacted and
will be offering credit monitoring at
our expense where applicable, AT&T, via statement.
As a precaution, AT&T has reset the
passcodes of its current customers. .
The company will be reaching out to customers whose information has been compromised. .
AT&T advises those who are worried about their accounts to monitor activity and credit reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
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