Associated Press reports that Netflix
will end its DVD program on Sept.
29.
The service, which was once hailed as revolutionary, began 25 years ago in 1998.
But in the age of
streaming, the desire
to watch DVDs has
drastically dwindled.
.
Netflix says it had 232.5 million
subscribers at the end of March 2023.
Last year, only 1.1 million to 1.3 million subscribers ordered DVDs in the mail.
AP reports that at one time, over
16 million subscribers utilized the service.
Those iconic red envelopes changed the way people watched shows and movies at home — and they paved the way for the shift to streaming, Ted Sarandos, Netflix co-CEO, via blog post.
Our goal has always been to provide the best service for our members but as the business continues to shrink that’s going to become increasingly difficult, Ted Sarandos, Netflix co-CEO, via blog post.
AP reports that since its inception, Netflix has shipped over 5 billion DVDs across the U.S
Kim Kardashian is bringing Kardashian Kountry to the masses ... as Netflix placed the winning bid on the new scripted show she's set to exec produce titled,.. TMZ.com
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
Harry and Meghan , Are Bringing 2 New Shows to Netflix.
Harry and Meghan , Are Bringing 2 New Shows to Netflix.
NBC reports that Prince Harry and his wife,
Meghan, have announced a new partnership between
their Archewell Productions company and Netflix.
NBC reports that Prince Harry and his wife,
Meghan, have announced a new partnership between
their Archewell Productions company and Netflix.
The Duke and Duchess of Sussex
will produce two separate TV shows
about cooking and polo.
According to a press release
from Archewell, both shows are
still in an early stage of production.
The press release added that titles
and release dates will be revealed , "in the coming months.".
According to the press release,
the first of the two new shows will , "celebrate the joys of cooking and
gardening, entertaining and friendship.".
The second series will reportedly
center on the world of polo, a sport
associated with aristocratic British culture. .
Known primarily for its aesthetic
and social scene, the series will
pull the curtain back on the grit
and passion of the sport,
capturing players and all it takes
to compete at the highest level, Archewell Productions press release, via NBC.
Known primarily for its aesthetic
and social scene, the series will
pull the curtain back on the grit
and passion of the sport,
capturing players and all it takes
to compete at the highest level, Archewell Productions press release, via NBC.
The upcoming shows are part of
a multi-year deal that Archewell
signed with Netflix after forming in 2020. .
In 2022, the couple released a documentary series
on Netflix which centered on Harry's rift with senior
royals and his departure from official royal duties.
In 2023, Harry's memoir, 'Spare,'
detailing his perspective on his bitter split
with the royal family, became a bestseller.
Credit: Wibbitz Top Stories Duration: 01:30Published
Dearest gentle readers, we’ve finally got our hands on 'Bridgerton's' season three trailer. The third season of the Netflix romance finds Colin Bridgerton and Penelope Featherington taking center stage. The characters portrayed by Nicola Coughlan and Luke Newton, join forces to help Penelope find a husband this season as she struggles to stand out in the 'ton despite giving herself a Bridgerton-approved makeover.
Credit: The Hollywood Reporter Duration: 01:39Published
The show 'Heels' might be headed back to the ring for more episodes. The drama was unceremoniously canceled by Starz in September. Now, the series has been licensed to Netflix by Lionsgate Worldwide Television Distribution. With the acquisition, Netflix will have non-exclusive rights to the two-season, 16-episode library of the wrestling drama starring Stephen Amell and Alexander Ludwig. Sources note that while Netflix has not renewed the series, the streamer could wind up doing so should 'Heels' perform well on the platform.
Credit: The Hollywood Reporter Duration: 01:22Published
Timothée Chalamet Signs Multi-Year , First Look Deal With Warner Bros.
The 'Dune' and 'Wonka' star recently became the first actor in over 40 years "to star in the top two domestic-grossing films released in
an 8-month period," Deadline reports. .
The 'Dune' and 'Wonka' star recently became the first actor in over 40 years "to star in the top two domestic-grossing films released in
an 8-month period," Deadline reports. .
Warner Bros. Motion Picture Group co-Chairs
and CEOs Michael De Luca and Pamela Abdy hammered out the company's newest multi-year
first look film deal with the Oscar nominee. .
Over the last few years, we
have admired not only Timothée’s
commitment to his craft, which
is evident in the range and
depth of his varied roles, , Michael De Luca and Pamela Abdy, Warner Bros. Motion
Picture Group co-chairs and CEOs, via statement.
... but also his unwavering
dedication to give 100% of his
time and attention to every
project he has made here at
Warner Bros. and elsewhere. , Michael De Luca and Pamela Abdy, Warner Bros. Motion
Picture Group co-chairs and CEOs, via statement.
His collaboration on the campaigns
for 'Dune' and 'Wonka' is something
we all enjoyed immensely, and
the results speak for themselves. , Michael De Luca and Pamela Abdy, Warner Bros. Motion
Picture Group co-chairs and CEOs, via statement.
We continue to build for the future
of the theatrical film business at
Warner Bros. Discovery and are
thrilled Timothée has chosen our
studio to be his creative home, Michael De Luca and Pamela Abdy, Warner Bros. Motion
Picture Group co-chairs and CEOs, via statement.
Chalamet also issued a statement.
Working with Mike De Luca, Pam Abdy
and their teams on 'Wonka' and 'Dune'
over these last few years has been
a deeply rewarding experience. , Timothée Chalamet, via statement.
These are studio heads who believe
in real movie making, and I’m so
grateful for their support as an
actor, producer and collaborator. , Timothée Chalamet, via statement.
This partnership feels like a
natural next step. Let’s go!, Timothée Chalamet, via statement.
'Dune: Part Two' has grossed over $575 million worldwide so far. 'Wonka' grossed $632 million.
'Dune: Part Two' has grossed over $575 million worldwide so far. 'Wonka' grossed $632 million.
Chalamet is currently filming 'A Complete Unknown,' starring as Bob Dylan and serving as a producer.
Credit: Wibbitz Top Stories Duration: 01:30Published
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