Elon Musk Trolls Netflix Over Subscriber Loss: ‘Woke Mind Virus Is Making It Unwatchable’

Netflix has opened an office in Italy and unveiled a huge slate of scripted and unscripted series and films from many of the country’s biggest producers, with Co-CEO Reed Hastings detailing the streamer’s roots in the nation.

Nick Vivarelli International CorrespondentNetflix on Friday officially opened its Italian base in Rome, in a classy neoclassical building near the iconic Via Veneto, and announced a substantial slate of originals that stand as testament to what co-CEO Reed Hastings called the streaming giant’s “growing business in Italy.”“The breadth and variety of our Italian slate perfectly represents our ambitions,” said Hastings, who took the stage at the presentation’s conclusion. Hastings took the opportunity to note how pleased he is that Paolo Sorrentino’s “The Hand of God,” which Netflix produced, scooped top honors at Italy’s David di Donatello Awards, the country’s top film prizes, earlier this week.Netflix’s new Italian slate is headlined by a high-end English-language series adaptation of “The Leopard,” the classic Sicily-set novel by Giuseppe Tomasi di Lampedusa.

Matt Blank, interim CEO of AMC Networks, said the company has “no plans” for ad-supported tiers of its family of targeted streaming services including Shudder, Acorn TV and AMC+.

A Netflix shareholder has sued the streamer for violating securities law after slowing subscriber growth led to a sharp decline in the company’s stock price.

Space Force has been cancelled by Netflix after two seasons.The streaming platform announced that the Steve Carell-led comedy series, which he co-created with The Office showrunner Greg Daniels, will not be returning for a third run of episodes.This comes just two and a half months after the release of the second season, which has received middling to negative reviews from critics.A parody of ex-president Donald Trump’s genuine desire to establish a Space Force as the sixth branch of the US military, Space Force centres on the everyday failings and absurd antics of General Mark R. Naird (Carell) and his team as they launch various space-related operations.Alongside Carell, the show starred John Malkovich, Ben Schwartz, Tawny Newsome, Jimmy O.

David Zaslav and Endeavor’s Ari Emanuel scored nine-figure compensation packages, a Day-Glo illustration of the lengths that board rooms go to reward the men (and it is exclusively men) at the top. Those gaudy figures came largely in the form of stock options, which means the take-home pay could shrink if the market takes a nosedive, but both men are still among the most richly remunerated in this or any industry.

Jameela Jamil announced on Twitter Monday that she has issued her "last tweet" on the social media platform.  Her message comes after Elon Musk purchased Twitter for $44 billion. Following Twitter's announcement of its new owner, Musk tweeted, "I hope that even my worst critics remain on Twitter, because that is what free speech means."  Jamil, a 36-year-old London native, shared four images of herself holding a puppy.  "Ah he got twitter," Jamil began. "I would like this to be my what lies here as my last tweet.

Netflix subscribers in the UK share passwords between friends and family, according to research.As reported by research firm Digital i (via the Guardian), it’s estimated at least 27 per cent of Netflix’s 14.9million subscribers in the UK, over four million accounts, share their accounts with other households. It’s believed the real figure, however, could be higher.Ali Vahdati, Digital i chief executive, said: “Our estimates came from analysing account activity, and we corroborated this with various other sources.

The Tesla mogul and richest man in the world made a surprise offer to buy the social media platform putting in a succesful bid of $54. 20 a share to acquire it which the board accepted. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Mr Musk said in a statement.

Zack Sharf Donald Trump confirmed to Fox News that he will not return to Twitter despite the company’s sale to Elon Musk. Trump plans to use his own social media platform, the recently-launched Truth, for all of his social media needs moving forward. The Truth app launched earlier this year to several glitches, but it did hit the No.

If you're still watching Netflix on your ex's roommate's account, that access may not last much longer: Netflix is considering cracking down on password sharing, according to a report from the Associated Press. The streaming platform may also add a new, lower-cost subscription tier supported by ads, similar to its rival Hulu's.

Jennifer Maas TV Business WriterThe finale of CNN+’s “Land of the Giants: Titans of Tech,” titled “The Netflix Effect,” launches Thursday, perfect timing for an entertainment industry that is both reeling amid Netflix’s shocking Q1 subscriber miss, poor second-quarter outlook and the wait to see if CNN+ can find its groove as quickly as it might need to in order to survive.Based on the “Land of the Giants” podcast from Vox Media’s Recode, the CNN+ docuseries explores the complicated histories of Meta (a.k.a. Facebook), Apple, Amazon, Google and now Netflix.

Two business stories converged as Elon Musk took a Twitter kick at Netflix after the streamer’s stock sank on subscribers losses.

Netflix stock is tanking because the “woke mind virus” has made its programming “unwatchable.”Netflix stock took a 25% nosedive this week after reporting its first loss of subscribers in a decade, according to its first-quarter earning report released Tuesday. The stock plunged about 24% in after-hours trading as investors were alarmed by the unexpected loss of customers, and a projection by Netflix that much more is in store.Subscriber losses were blamed on a host of things — widespread password sharing, inflation, the loss of 700,000 accounts disabled in Russia, to name a few — but the Tesla and SpaceX founder, who wants to add “Twitter owner” to his long resume — had a much simpler theory: Netflix’s “woke” programming is turning people off in droves.“The woke mind virus is making Netflix unwatchable,” Musk tweeted in response to a report on the stock dip.The woke mind virus is making Netflix unwatchableTo be fair, Musk indicated that the ideological contagion theory applies to more than just the world’s largest streaming service.

Todd Spangler NY Digital EditorNetflix shares plummeted to their lowest point since December 2018 as investors reacted to the streamer’s first subscriber loss in more than a decade — bringing years of booming growth to a screeching halt.The stock was below $254 per share in premarket trading Wednesday, down 27% from the previous closing price and sinking to a more than three-year low. That came after Netflix posted a Q1 loss of 200,000 subscribers and projected that it will lose another 2 million subs in Q2, prompting several analyst downgrades.

Brian Steinberg Senior TV EditorNetflix has held Madison Avenue at arm’s length for years. Now, the popular streamer wants to draw the advertising industry in a tighter embrace.After years of resisting the prospect of running commercials, Netflix signaled on Tuesday that it’s ready to consider launching an ad-supported tier of its service, which has lured traditional TV viewers with ad-free series like “Stranger Things” and “Ozark” and commercial-free movies like “Don’t Look Up.” Figuring out an ad strategy could take months, said Reed Hastings, Netflix’s co-CEO, during an investor meeting, “but think of us as quite open to offering even lower prices with advertising as a consumer choice.”The company announced its intention to court commercials just weeks before the start of the industry’s annual “upfront” ad sales season, when U.S. TV networks try to sell the bulk of their commercial inventory for the next programming cycle.

Netflix is preparing to launch a cheaper subscription plan in the next couple of years.

A crew of sober Netflix execs said a password-sharing crackdown on the army of 100 million viewers who use the service for free is front and center and being tested but could take about a year to roll out, and it’s not clear what it will look like.