Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Dwayne Johnson Gains Ownership Rights , to 25 Names and Catchphrases.
Johnson received intellectual property rights to a slew of names and phrases after joining TKO Group Holdings' board of directors, 'Variety' reports. .
It was previously announced that
the deal gave Johnson rights to his
famous wrestling name, “The Rock,”.
but in a Feb. 27 SEC filing, TKO revealed
more intellectual property that the
WWE has surrendered to Johnson. .
According to 'Variety,' the full list includes:.
“The Rock,” “Rocky Maivia,” “Team Corporate,” “Rock Nation,” “The Nation,” “Roody Poo,” “Candy Ass,” “Jabroni,” .
“If you smell what The Rock is cooking,” “The Samoan Sensation,” “The Blue Chipper,” “The Brahma Bull,” “The People’s Champion,” “The Great One,” .
“Know Your Role and Shut Your Mouth,”
“Team Bring It,” “The Rock Just Bring It,”
“The People’s Elbow,” “Rock Bottom,”
“Finally, The Rock has come back to…,” .
“It doesn’t matter what…,” “Blue Hell,”
“The millions… (and millions),” “Rockpocalypse,” “Project Rock” and “The most electrifying
man in sports and entertainment.”.
According to the SEC filing, Johnson will receive $30 million in TKO stock through 2025.
He was also given WWE royalty
payments of $491,000 in 2023...
... and “will continue to receive such annual royalties from WWE and will be entitled to receive royalties in connection with the sale of licensed products”...
... “that utilize the Assigned IP and his name,
likeness and other intellectual property rights
in accordance with the Services Agreement.”
Credit: Wibbitz Top Stories Duration: 01:30Published
This Day in History: , Kendrick Lamar Becomes the
First Rapper to Win the Pulitzer Prize.
April 16, 2018.
Lamar was awarded the
Pulitzer Prize for Music for his
extraordinary 2017 album, 'DAMN.'.
It was the first time the
prestigious award had been granted
to a genre outside of classical music or jazz.
According to the Pulitzer Prize administrator,
the decision to recognize
Lamar's work was unanimous.
['DAMN' is] a virtuosic song collection unified by its vernacular authenticity and rhythmic dynamism that offers affecting vignettes capturing the complexity of modern African-American life, Pulitzer Prize
Awarding Committee.
Lamar grew up during the 1990s
in Compton, CA, surrounded by the
influence of artists like Tupac Shakur and Dr. Dre.
His previous album efforts
became known for their social commentary.
A fellow nominee called Lamar
“one of the greatest living American composers, for sure.”
Credit: Wibbitz Top Stories Duration: 00:54Published
This Day in History:, Jackie Robinson Breaks Color Barrier.
April 15, 1947.
The 28-year-old baseball player
became the first African American
to play for Major League Baseball.
The Georgia native stepped onto the grass
of Ebbots Field in Brooklyn as a Brooklyn Dodger.
Two years later,
the star infielder was named the
National League's MVP as well as a batting champ.
He led his team to six National League
pennants and the World Series in 1955.
Robinson was subjected
to the racism of both players and
baseball fans throughout his career.
Jim Crow laws forced him to dine
at different restaurants and stay at
different hotels than the rest of his team.
Robinson was inducted into
the Baseball Hall of Fame in 1962.
His number, 42, was the the first to be retired in 1997
Credit: Wibbitz Top Stories Duration: 00:58Published
Donald Trump's supporters have resorted to creating and circulating AI-generated counterfeit images depicting black voters, purportedly to sway African Americans towards Republican voting. BBC Panorama's investigation unearthed numerous deep fakes portraying individuals of African descent endorsing the former president. Despite Mr. Trump's overt attempts to court black voters, crucial for Joe Biden's victory in 2020, there is no direct evidence linking these manipulated images to his campaign. Co-founder of Black Voters Matter, an organisation advocating for black voter participation, highlighted these manipulated visuals as part of a calculated effort to construct a false narrative portraying Mr. Trump has been widely embraced within the black community.
#USElection #TrumpSupporters #AIimages #FakeNews #Disinformation #AfricanAmericanVoters #ManipulatedMedia #VoterTargeting #PoliticalDeception #ElectionInterference #BlackVoters #TrumpCampaign #DigitalManipulation #RacialTargeting #SocialMediaManipulation #PoliticalPropaganda #FalseNarratives #Misinformation #ElectoralInfluence #MediaForgery
~HT.178~PR.152~ED.103~GR.124~
WWE champ, local artist team up for show honoring Black heroes
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