Disney+ to Follow Netflix’s Lead and Crack Down on Password Sharing
Video Credit: Wibbitz Top Stories - Duration: 01:29s - Published
Disney+ to Follow Netflix’s Lead and Crack Down on Password Sharing
Disney+ to Follow Netflix’s Lead , and Crack Down on Password Sharing.
On Aug.
9, Disney CEO Bob Iger
said that the company is examining account
sharing and will have more details about
curbing the issue later this year, CNBC reports.
.
We already have the technical
capability to monitor much of this.
I’m not going to give a specific number,
except to say that it is significant, Bob Iger, via statement.
While plans to stop password sharing
won't be finished in 2024, .
Disney will implement some tactics next year that are expected to mitigate the issue.
.
Those tactics have yet to be revealed.
Disney's actions come as Netflix enacted similar measures earlier this year.
.
Disney's actions come as Netflix enacted similar measures earlier this year.
.
In July, Netflix said that its fight against
password sharing resulted in 5.9 million customers subscribing to the platform in Q2, CNBC reports.
.
Previously, Netflix said that over 100 million global households shared accounts.
.
Streamers claim that shared accounts make it more difficult to invest in content.
Meanwhile, Disney announced
that its prices will be going up.
Its ad-free option will soon cost $13.99 a month, and ad-free Hulu, which is under its umbrella, will cost $17.99 a month.
Its ad-free option will soon cost $13.99 a month, and ad-free Hulu, which is under its umbrella, will cost $17.99 a month.
Both Disney+ and Hulu tiers that support
ads will retain their current prices.
'Kingdom of the Planet of the Apes' swings in theaters this weekend. We're breaking down how it's doing at the domestic box office so far. The 20th Century and Disney movie kicked off its run with a promising $6.6 million in previews, including a special fan event mid-week and regular Thursday evening previews. This number suggests the film should be able to achieve, if not exceed, the $50 million to $55 million opening predicted by tracking.
Credit: The Hollywood Reporter Duration: 01:09Published
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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
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
A woman alleged to be the inspiration for the stalker character of Martha in hit Netflix series Baby Reindeer has branded the show "defamatory" and plans to sue. Sky News
Piers Morgan is teasing an interview with the real-life 'Baby Reindeer' stalker. The breakout Netflix hit - created by and starring Scottish comedian Richard Gadd inspired by a traumatic, six-year-long stalking incident has inspired a flurry of headlines. Because Gadd pulled from personal experience to craft the true crime tale, many have attempted to track down the real people behind 'Baby Reindeer's' characters.
Credit: The Hollywood Reporter Duration: 01:42Published
Kim Kardashian may have been booed during the live roast of Tom Brady, but Netflix is making sure no one remembers it. The streamer has now edited out the boos from the comedy special on its platform. The reality TV icon received a harsh reception as she took the stage for her turn to roast the GOAT but had to endure the interruption while attempting to launch into a Kevin Hart joke.
Credit: The Hollywood Reporter Duration: 01:05Published
'Wednesday' starring Jenna Ortega has officially started filming season 2! And the hit Netflix show has added a dozen actors to its cast. Filming has begun in Ireland, which is a change from the first season, which was primarily shot in Romania. The production has added several actors as series regulars for season two. New cast members include Steve Buscemi, Billie Piper, Evie Templeton, Owen Painter and Noah Taylor.
Credit: The Hollywood Reporter Duration: 01:32Published
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Yes, chef! We now know when season three of 'The Bear' will premiere. The FX series starring Jeremy Allen White will drop all 10 episodes of its third installment on Hulu on June 27th. Along with the announcement, White shared a teaser for the new season on Instagram. According to FX, season three will follow White's character Carmy, Sydney (played by Ayo Edebiri) and Richie (played Ebon Moss-Bachrach) as they work to elevate their new fine-dining restaurant The Bear to the highest level and fight to stay in business.
Credit: The Hollywood Reporter Duration: 01:41Published
Bon Jovi is finally telling their story in the new Hulu docuseries 'Thank You, Goodnight.' Band members Jon Bon Jovi and Tico Torres, as well as director Gotham Chopra, spoke to THR's Tiffany Taylor all about the project. Jon Bon Jovi and Torres revealed what it was like reliving their 40-year career while watching the docuseries, as well as the "magic" of good songwriting that has made acts like their band and Taylor Swift massively successfully. Plus, Chopra revealed what Jon Bon Jovi has in common with sports legend Tom Brady, who he also made a documentary about, and shared how he convinced Richie Sambora to be featured in the docuseries after the guitarist left Bon Jovi in 2013. 'Thank You, Goodnight: The Bon Jovi Story' hits Hulu on Friday, April 26.
Credit: The Hollywood Reporter Duration: 05:19Published
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
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
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
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