After reporting better-than-expected subscriber growth and marking a key financial milestone, Netflix is seeing its shares hit a new high on a wave of euphoric reaction from Wall Street.
After reporting better-than-expected subscriber growth and marking a key financial milestone, Netflix is seeing its shares hit a new high on a wave of euphoric reaction from Wall Street.
Wall Street reviews of Netflix’ latest earnings ranged from upbeat to more cautiously optimistic, with the latter taking hold today after a major jump in net new subscribers failed to ignite sales last quarter.
Netflix is gearing up to once again open the quarterly earnings season for entertainment companies, providing its first-quarter subscriber and financial update after the stock market close on Tuesday. After a record-setting 2020 that it ended with more than 200 million global subscribers, helped by stay-at-home orders due to the coronavirus pandemic, management has projected 6 million subscriber additions globally for the opening period of 2021.
Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff atop its executive ranks.
Wall Street Journal really published an op-ed suggesting is unworthy of calling herself “doctor.” Titled "Is There a Doctor in the White House? Not if You Need an M.D.," the essay published over the weekend suggests that Dr. Jill Biden—who earned her doctorate in education —is minimizing the work of medical professionals by using her hard-earned title.
Wall Street Journal op-ed suggesting marijuana use is connected to a rise in violent crime was raked over the coals on social media Sunday, with many comparing it to the infamous 1936 propaganda film “Reefer Madness.” The article, written by WSJ editorial board member Allysia Finley, cited studies claiming that schizophrenia and other mental disorders among underage pot smokers have increased. Backing that claim, an addiction specialist based at Scripps Mercy Hospital in San Diego said cannabis-related emergency room cases increased 53% in the three years after California legalized recreational use.
In a media deal with a healthy valuation, Investor’s Business Daily has been sold to Wall Street Journal parent News Corp. for $275 million.
piece titled “Texas’ Abortion Law Blunder,” the paper’s editorial board made clear that it still had still some skepticism and criticism left over for the pro-choice side, but took on the anti-abortion law and its proponents directly. “America is back fighting its endless legal war over abortion,” the board wrote.
Elona” after a Putin-allied war-lord called him that – is now touting his “Shadow Crew,” a mocking response to a Wall Street Journal story suggesting a cabal of influential friends, described by the paper as a “secret crew of billionaires and misfits,” were egging him on to buy Twitter.“My Shadow Crew is sickkk!” he tweeted, adding: “Also, who are they again?”My Shadrow Crew is sickkk!Also, who are they again?The tweet was a reply to Silicon Valley investment titan Marc Andreesen, who posted the Journal story and said Musk has “a shadow crew of misfits egging you on.”So who are these misfits, supposedly? The Journal didn’t give a very long list, naming only former Twitter CEO Jack Dorsey and Seth Dillon, CEO of the conservative-leaning satire site Babylon Bee. Three people might be enough for a “crew,” but might be a bit light for, say, branded merch.Sell Shadow Crew merch to buy Twitter?There may be others, unnamed “crew” – the Journal reported that he’s “dismayed” that Donald Trump isn’t on the platform, citing “people who have spoken to him” – but no one else was named.Twitter’s board has accepted Musk’s offer to take the company private for $44 million, which still has some financial and regulatory hurdles to clear before being finalized.
Netflix co-CEO and chief content officer Ted Sarandos tossed cold water on hopes that the streamer’s recent deal with major cinema chains for Glass Onion: A Knives Out Mystery could be the start of something bigger.
Netflix topped Wall Street estimates across the board in the third quarter, marking the start of what the streaming giant hopes is its big comeback.
Netflix stock dipped 1% to close the week at $230 a share as debate continued on Wall Street about the financial impact of the company’s embrace of advertising.
EXCLUSIVE: Wiip has optioned The Memo, the forthcoming novel by former Wall Street Journal reporters Rachel Dodes and Lauren Mechling.
EXCLUSIVE: Jack O’Connell and Matthew Duckett have joined Golden Globe Winner Emma Corrin in Lady Chatterley’s Lover for Sony’s 3000 Pictures and Netflix. This will be the first film to be produced under the new partnership where Sony Pictures will offer Netflix a first look at any films it intends to make for streaming.
Valerie Wu Intern A film adaptation of R.L. Stine’s 1992 “Fear Street” novel “The Prom Queen” is in development at Netflix, the author himself reports.
Wallace and Gromit are returning to screens for the first time in more than 15 years, with the BBC and Netflix snapping up Aardman’s latest animation, while Netflix has unveiled first look and cast for Aardman’s Chicken Run: Dawn of the Nugget.
Hardly any other movie of the past decade is as big, bawdy, and debaucherous as Martin Scorsese‘s “The Wolf Of Wall Street.” And Margot Robbie would know. Scorsese’s bananas banking biopic was the Australian actress’ stateside breakout.
Hardly any other movie of the past decade is as big, bawdy, and debaucherous as Martin Scorsese‘s “The Wolf Of Wall Street.” And Margot Robbie would know. Scorsese’s bananas banking biopic was the Australian actress’ stateside breakout.
Netflix’s ties with Latin America and the region’s much-loved telenovela format go back to the company’s first steps in original production outside of the U.S., when the streamer picked, as its first international original, Gary “Gaz” Alazraki’s “Club of Crows,” a soccer-themed soapy drama about a dynastic sports ownership family.Since then, there have been several further incursions into the world of the novela, including some of the streamer’s most popular ever series such as “Who Killed Sara,” currently filming its third and final season, and “Café con Aroma de Mujer,” “Rebelde” and “The Queen of Flow,” the top three non-English language series on Netflix globally at the time of this article’s publishing, sure to be joined by the second season of “Dark Desire” when it launches on Feb. 2.
The multi-hour streaming presentation by ViacomCBS on Wednesday about its soon-to-be-rebranded streaming service Paramount+ has not proven to be a short-term tonic for the company’s stock price.
electric car company wasn’t added to the S&P 500 on Friday afternoon. The decision came as a surprise for many analysts and investors who had expected Tesla, which is led by Elon Musk, to join the benchmark index after surging more than 400% since early April.
Discovery chief David Zaslav, whose sizable corner of the media business is getting a lot bigger, said he had previously looked at the idea of creating a “global HBO,” but all the best series were taken.
A Casablanca quote crossed WarnerMedia CEO Jason Kilar’s lips during AT&T’s March 12 investor day when touting the benefits of vertical integration, or housing content and distribution businesses under the same corporate roof: “It reminds me of that classic Warner Bros. line,” he said.
While the 70-day-old WGA strike has been an “annoyance” for entertainment companies, in the view of one Wall Street analyst, the SAG-AFTRA walkout will be “much more disruptive.”
Mixing work and romance is risky business.
Zack Sharf Digital News Director Zack Snyder appeared on “The Joe Rogan Experience” and championed his recent pivot to Netflix. The 58-year-old filmmaker spent the bulk of his career making movies at Warner Bros., but he made the jump to streaming starting with the 2021 release of his zombie action movie “Army of the Dead.” Snyder’s latest Netflix original was “Rebel Moon,” which debuted in December and kicked off a new space saga for the streaming giant. A second “Rebel Moon” film arrives this spring.
Netflix film crews have taken over a Scots street as production for a brand new thriller series starring Kelly Macdonald gets underway. Melville Street in Edinburgh is partially closed from 8am until 5pm on Wednesday as film crews are capturing scenes for upcoming detective show Department Q, from a best-selling Danish author, writes Edinburgh Live.
EXCLUSIVE: Stand-up comic Deon Cole is set to return to Netflix with a third hour-long comedy special, to premiere later this year. While a title and logline haven’t been shared, he’ll tape his new hour at the LA Theater on May 2nd, as part of Netflix Is A Joke Fest 2024.
There's big drama on Coronation Street next week after Kevin Webster (Michael Le Vell) loses the plot big time. He’s stressed after discovering that Jack (Kyran Bowes) is being bullied at school. Meanwhile, with his wife Abi (Sally Carman) and baby Alfie due to move back in, Kev’s upset when Jack admits he’s not looking forward to their return as they will take all of Kev's attention.
For those that grew up in the ’90s, R.L. Stine and his “Goosebumps” book series are ubiquitous with grade school, book fairs, and a young reader’s first toe-dip into the horror genre.
Maya Hawke screams her head off while being dragged away in this new image from Netflix’s upcoming trilogy, Fear Street.
Author R.L. Stine’s Fear Street book series entranced generations. Now, those PG-rated scarefests are getting a lot more thrills and terror for an R-rated take from Netflix.
Three films, three weeks, one “killer” story. So Netflix is trying to attempt something bold in the horror film genre.
Rebecca Rubin Film and Media ReporterNetflix is bringing binge-watching to the movies. The streaming service announced on Tuesday that its upcoming “Fear Street” trilogy will premiere this summer over three consecutive weeks.The first installment, “Fear Street Part 1: 1994” is coming to Netflix on July 2, with “Part 2: 1978” following on July 8 and “Part 3: 1666” landing on July 16.Leigh Janiak directed the franchise, which has been adapted from the horror series by R.
There's big drama on Coronation Street next week after Kevin Webster (Michael Le Vell) loses the plot big time. He’s stressed after discovering that Jack (Kyran Bowes) is being bullied at school. Meanwhile, with his wife Abi (Sally Carman) and baby Alfie due to move back in, Kev’s upset when Jack admits he’s not looking forward to their return as they will take all of Kev's attention.
AMC Networks reported a 6% downturn in revenue during the first quarter due to a slump in advertising and content licensing, but earnings per share beat Wall Street forecasts.
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