You get what you pay for, the saying goes, and Netflix seems determined to prove that point with a cheaper, ad-supported tier that also comes with a smaller, worse catalog. As Protocol reports, the backbone of the ad-supported tier seems likely to be Netflix originals. Many of the company’s existing contracts for third-party content would allow other companies to take a slice of the ad-money pie, and while co-CEO Ted Sarandos has been trying to renegotiate those deals, it’s hard to convince other companies to willingly take less money. “We will clear some additional content, but certainly not all of it,” Sarandos said. “But I don’t think it’s a material hold-back to the business.” Advertisement Related Video He added, “The vast majority of what people watch on Netflix, we ca...
Woodstock ’99 infamously failed to emulate the three days of peace, love, and music that the original festival embodied 30 years prior. The new Netflix docuseries Clusterfuck: Woodstock ’99 attempts to uncover why, and its first trailer is out now. Combining real footage from the event with interviews with the artists who performed, Clusterfuck retraces the fires and riots that destroyed Woodstock ’99 in three 45-minute episodes. Mounds of garbage and overturned cars litter the series’ trailer, as artists like Jewel recall the festival’s turbulent energy. “It felt like a crowd that could turn at any time,” the singer-songwriter says. Other eyewitnesses attribute the toxicity of the event — which was marred by vandalism and sexual assault — to “male ego,” a lack of secur...
Investors have reason to feel upbeat about subscription businesses after Netflix revealed better-than-expected quarterly results on Tuesday (July 19). Netflix subscribers dropped 970,000 subscribers to 220.7 million in the second quarter — it warned in April that it expected to lose as many as 2 million subscribers — and forecast a 1 million-subscriber gain in the third quarter. Analysts polled by Refinitiv expected Netflix to lose an average of 1.84 million subscribers in the second quarter, according to Reuters. The good news caused Netflix’s share price to quickly rise 8.2% to $218.15 in after-hours trading on Tuesday, up from $201.63 on Monday, when shares gained 5.6%. Still, Netflix shares are down 66.5% year to date through Tuesday. Tuesday’s announcement was also good news for other...
Netflix has followed a bleak first quarter marking its first loss of subscribers in 11 years with even worse news. During its latest quarterly report, the streaming giant revealed a loss of an additional 970,000 worldwide subscribers. Breaking down the subscriber change by region, Netflix lost 1.3 million in the US and Canada; dropped another 770,000 in Europe, the Middle East, and Africa; held steady in Latin America; and gained one million in Asia. The losses don’t come as a surprise, but actually beat the company’s previous estimate back in April that it would shed two million total customers during the second quarter. In a letter to shareholders, Netflix revealed it currently has 73.28 million paid subscribers in the US and Canada and 220.67 million worldwide. The company also pro...
Metallica’s “Master of Puppets” (via Blackened/Vertigo) muscles its way into the U.K. Top 40 for the first time, with a little help from Stranger Things. The title track from the Bay Area rockers’ third album from 1986 is flying, following a particularly “metal” moment late in season four of Netflix’ hit sci-fi series, when Eddie Munson battles the forces of darkness with an electric guitar and the spirit of Metallica. Explore See latest videos, charts and news See latest videos, charts and news “Master of Puppets” lifts 47-23, its first appearance in the Top 40 some 37 years after its release. And it’s Metallica’s first top flight stint on the Official U.K. Singles Chart in 14 years, since Death Magnetic release “The Day That Never Comes” hit No. 19 back in 2008. “Master Of Puppets”...
Listen via Apple Podcasts | Spotify | Google Podcasts | Amazon Podcasts | Stitcher | Pocket Casts | Radio Public | RSS Lance Reddick sits down with Kyle Meredith to talk about his roles in Netflix’s Farzar and Resident Evil. Advertisement Related Video The actor talks about his transition from The Wire-style drama to the comedy he’s been more part of over the past few years. He then touches on finding bluer comedy later in life thanks to Eddie Murphy, his music background, and how he incorporates music into his acting. Reddick also tells us about what attracted him to both projects, choosing to stay away from symbolism when preparing for a role, and his upcoming role in the upcoming White Men Can’t Jump remake alongside ...