Netflix Earnings Reaction: Stock Rises In Early Trading As Bulls And Bears Debate Second Quarter Takeaways

SAG-AFTRA’s national board has voted overwhelmingly to approve a new three-year contract with Netflix. The contract now goes to the guild’s membership for ratification.

Zack Sharf Jacob Elordi is the bad boy of “Euphoria” thanks to his performance as Nate Jacobs, who is a far cry from the more wholesome heartthrob the actor played in Netflix’s “The Kissing Booth.” It was the streamer’s romantic-comedy films that first made Elordi an internet sensation, but the actor told GQ magazine that he pushed Netflix to make his character far more edgy. Elordi starred opposite Joey King in “The Kissing Booth,” which was based on Beth Reekles’ 2012 novel. Elordi’s character, Noah, smokes in the novel, but Netflix refused to let Elordi smoke on screen.“I remember saying, ‘He smokes in the book.

Naman Ramachandran Netflix has released the trailer of the second season of “Delhi Crime.”Shefali Shah returns in the lead role of deputy commissioner of police Vartika Chaturvedi AKA ‘Madam Sir.’ In the new season, the Delhi police must deal with a series of grisly murders in the face of escalating public fear and the growing demands for answers.The cast also includes Rasika Dugal, Rajesh Tailang, Adil Hussain, Anurag Arora, Yashaswini Dayama, Sidharth Bhardwaj, Gopal Dutt, Denzil Smith, Tillotama Shome, Jatin Goswami, Vyom Yadav and Ankit Sharma. The writing team includes Mayank Tewari, Shubhra Swarup, Vidit Tripathi, Ensia Mirza, Sanyuktha Chawla Shaikh and Virat Basoya.Shah said: “I love every character I’ve played but Vartika Chaturvedi will always be super special. And I’m so proud of the role and ‘Delhi Crime’ as a show.

MVAAFF) kicked off Friday with great pomp and circumstance — and a few bars of “Hail to the Chief” — as Barack and Michelle Obama made a special appearance for the opening night screening of Netflix documentary “Descendant.”When Netflix acquired worldwide rights to the Sundance award-winning documentary in January, the Obamas’ production company Higher Ground signed on to present the feature alongside the streamer and Participant. The documentary, which earned the U.S.

Netflix has not yet revealed the full cast list for seasons six and seven of Selling Sunset, but two new names were just announced to join the cast!.

Not all anticipated prestige movies are coming out this year. A new biopic about the life of Bayard Rustin will be released on Netflix in 2023 and, this morning, the streamer released the first image of Colman Domingo as the Civil Rights icon.

Todd Spangler NY Digital EditorParamount+ kept hiking up the streaming mountain in the second quarter as some rivals have stumbled.In announcing Q2 earnings, Paramount Global said its flagship Paramount+ service now has more than 43 million paid customers, a net add of 4.9 million for the June quarter.The company’s other streaming services, however, declined in aggregate. Total streaming subscribers globally reached nearly 64 million in the second quarter, a gain of less than 2 million.

Partner Track on Netflix is what you get when you cross an iconic show about powerhouse women navigating relationships a la with a series about kickass lawyers like . The new show follows Ingrid Yun, an idealistic young lawyer who struggles with her moral compass and her passions as she fights to climb the partner track at an elite New York City law firm.

For Hyperion Pictures, one of their three most successful movies is “The Brave Little Toaster,” For Pixar, “Toy Story 3” is ranked as the second most successful. While they’re both successful animated children’s movies, the most prominent similarity between the franchises is that they are both rooted in loyalty, friendship, perseverance, and courage.

Darren Star and Jeffrey Richman comes, a new Netflix comedy starring Neil Patrick Harris as Michael, a man of a certain age who suddenly finds himself navigating single life in New York City after his husband of 17 years (Tuc Watkins) unexpectedly ends their relationship. The series then follows him as his friends — his business partner, Suzanne (Tisha Campbell), TV weatherman Billy (Emerson Brooks) and art dealer Stanley (Brooks Ashmanskas) — help him get over his heartbreak and back into the dating pool. With now streaming on Netflix, Harris, Star, Richman and the rest of the cast open up about the series — and it’s place in this current era of queer storytelling on TV -- as well as comparisons to and at least one moment inspired by a real-life experience that will definitely have viewers talking.

Ten years after debuting its first original series, Rolling Stone is looking back on the best Netflix shows of all time.

NBCUniversal CEO Jeff Shell sees considerable “choppiness” in the advertising business, but believes the increase in competition in ad-supported streaming is a “validation” of the model chosen for Peacock, the company’s 2-year old streaming service.

Her biggest battle. Shania Twain opened up about the problems she faced after being diagnosed with Lyme disease at the height of her fame.

Netflix has greenlit a premium documentary on software pioneer John McAfee, who went on the run after his neighbor was murdered in Belize.

Netflix has announced its collaboration with Danish filmmaker Nicolas Winding Refn’s on  drama Copenhagen Cowboy, which marks his first production in his native Denmark in 15 years.

Netflix has revealed it lost 970,000 subscribers in the second quarter of 2022, less than the company originally estimated.The streaming service announced its second-quarter 2022 earnings on Tuesday (July 19), which spans the three-month period between April 1 and June 30.Earlier this year, following a surprise decline of 200,000 subscribers in the first quarter, Netflix projected a loss of two million streaming subscribers for the second quarter. As such, this figure is much lower than the company originally anticipated.In a letter to shareholders (via Variety), Netflix revealed it has 220.67million subscribers globally and is expecting to report gains in the third quarter, projecting a boost of one million subscribers from July 1 to September 30.This comes after Netflix announced it was cracking down on password sharing.

Todd Spangler NY Digital EditorNetflix is angling to win over a new bloc of value-conscious consumers — and help turn around its declining subscriber numbers — with a new ad-supported streaming package set to debut in early 2023.The company, in announcing Q2 earnings, said it’s targeting a launch of the ad-supported plan “around the early part of 2023.”“We’ll likely start in a handful of markets where advertising spend is significant,” Netflix said in its Q2 letter to shareholders. “Like most of our new initiatives, our intention is to roll it out, listen and learn, and iterate quickly to improve the offering.

970,000 customers cancelled their subscriptions in the second quarter, leading to an after-hours stock rebound of 7%. The market-leading streaming service now stands at 220.67 million worldwide subscribers and is projecting a global addition of 1 million new customers in the upcoming third quarter. That positive guidance is a big reason why Wall Street is showing some renewed confidence in the stock.

analysts feared due to the partnership specifically with Microsoft over other partners such as Google, Comcast or Roku with more established infrastructures could delay the rollout of the pricing tier. Netflix said in the letter to shareholders that it would likely roll out the pricing tier in a handful of markets, as they’ve done with other new initiatives and features – and that it will specifically target markets where advertising spend is significant.