Channing Tatum’s abs and Brad Pitt’s heroism in “The Lost City” teaser have landed a commercial spot during Sunday’s big game.
22.01.2022 - 02:10 / thewrap.com
nearly doesn’t cut it for investors, who panicked so hard that Netflix’s stock price lost more than $100 in value overnight. Market cap refers to the total value of all outstanding shares. For Netflix, this was the worst 24-hour period on the stock market since July 2012, as its stock price plummeted 21.8% from the close of business on Thursday to Friday’s close.
Most of that drop came in after-hours trading following Netflix’s fourth-quarter earnings, which came in slightly below expectations. In pure numerical terms, Netflix’s stock price lost more than $100 overnight, going from $508 a share at the close of business on Thursday, to $400 per share when trading opened on Friday, where it fell below $400 to $397.50 by the end of the day (it’s continued to fall in after-hours trading).Investors were not just spooked by the lower-than-expected results. Netflix is providing lower guidance for the first quarter of 2022, forecasting 2.5 million new subscribers compared to 4 million in the same timeframe last year.
That would be its worst first quarter in a decade. Netflix also came the closest its ever come to admitting that the increased competition from the likes of Disney and WarnerMedia could be having an impact on its growth. In its letter to shareholders, Netflix noted that most of its subscriber growth comes from outside the U.S.
and Canada, which has hit a saturation point in recent years. In 2021, almost all of Netflix’s growth was from oversees. “Our service continues to grow globally, with more than 90% of our paid net adds in 2021 coming from outside the UCAN region,” Netflix said.
Channing Tatum’s abs and Brad Pitt’s heroism in “The Lost City” teaser have landed a commercial spot during Sunday’s big game.
Dua Lipa has kicked off her Future Nostalgia Tour!
Leo Barraclough International Features EditorGlobal Screen has secured a presale of the female-led drama “Lost Transport” to Menemsha Films for the U.S. and Canada ahead of the European Film Market in Berlin.Inspired by true events, the film tells the story of the final days of World War II when German soldiers abandon a deportation train, leaving the fate of its occupants in the hands of advancing Russian troops.
When Chinese President Xi Jinping helps open the Winter Games in Beijing on Friday, dozens of world leaders including Russian President Vladimir Putin and Crown Prince Mohammed bin Salman also are expected to attend.
EXCLUSIVE: Roger Michell’s last movie, Elizabeth, about British monarch Queen Elizabeth II, has sold around the world for Embankment Films.
Channing Tatum is back after a much-needed break.
HEADLINERSBig names, big talent: Headliners bring star power to SXSW, featuring red carpet premieres and gala film events with major and rising names in cinema.Apollo 10 1/2: A Space Age ChildhoodDirector/Screenwriter: Richard Linklater, Producers: Tommy Pallotta, Mike Blizzard, Femke Wolting, Bruno FelixA coming-of-age story set in the suburbs of Houston, Texas in the summer of 1969, centered around the historic Apollo 11 moon landing. Cast List: Jack Black, Zachary Levi, Glen Powell, Josh Wiggins, Milo Coy, Lee Eddy, Bill Wise, Natalie L’Amoreaux, Jessica Brynn Cohen, Sam Chipman, Danielle Guilbot (World Premiere)AtlantaDirector: Hiro Murai, Producers: Donald Glover, Stephen Glover, Hiro Murai, Stefani Robinson, Paul Simms and Dianne McGunigleTaking place almost entirely in Europe, Season 3 of FX’s Atlanta finds Earn, Alfred ‘Paper Boi,’ Darius and Van in the midst of a successful European tour, as the group navigates their new surroundings as outsiders, and struggle to adjust to the newfound success they had aspired to.
EXCLUSIVE: UK viewers spent triple the time watching the BBC compared to Netflix last year, according to a report from leading media analyst Enders Analysis that marks the streamer’s 10th anniversary in the nation.
Kyle Allen has landed the lead role in the upcoming Netflix movie Masters of the Universe, which is being produced by Mattel Films.
Mattel’s live-action Masters of the Universe based on its iconic 1980s muscular action figure toy line is determined to live on.
Ella Travolta could barely contain her joy as she shared some unbelievable news about her debut single, Dizzy.MORE: John Travolta's new photo with stunning daughter Ella blows fans awayThe daughter of John Travolta was lost for words after she revealed the track has been streamed over 100,000 times and in over 100 countries. Taking to Instagram, the talented singer and actress shared a video she originally posted on TikTok to share her disbelief and thank her fans.WATCH: Ella Travolta sweetly reveals shock over the success of her first single "Hi everyone.
Grace Beedie is opening up on her dreams of becoming Hollywood’s next big action star.
EXCLUSIVE: Vertical Entertainment has acquired U.S. distribution rights to drama The Lost Girls directed by Livia De Paolis.
Todd Spangler NY Digital EditorNBCUniversal’s Peacock, entering its third year of operation, dug deeper into investment-mode red ink in 2021 — with adjusted losses at the streamer more than doubling.Comcast, in reporting Q4 earnings Thursday, revealed that Peacock generated $778 million in revenue for the full-year 2021, with an adjusted loss of $1.7 billion. That’s compared with $118 million of revenue and an adjusted EBITDA (r earnings before interest, taxes, depreciation, and amortization) loss of $663 million in 2020.Comcast said Peacock had 24.5 million monthly active accounts in the U.S.
ET Canada caught up with Adam Ballheim, the mastermind behind Machine Gun Kelly’s pop-punk style.
Jennifer Maas TV Business WriterNetflix stock fell more than 10% Monday morning, continuing the steep downward trend it’s been experiencing since the streaming giant reported last week it had ended 2021 with slightly lower-than-expected subscriber gains and anticipated a weak start to Q1.At approximately 11:50 a.m. ET, Netflix stock was trading at $353.31 per share, down from the $397.50 per share the stock closed at Friday.Last Thursday, Netflix reported a net gain of 8.28 million subscribers for Q4, again driven by markets outside North America, to reach 221.8 million total worldwide.
A mystery with a lighter side. Netflix’s new series Murderville combines two TV genres beloved by the streaming service’s subscribers: crime and comedy.