Netflix


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Netflix Fuels Its Ballooning Cash Burn With $2 Billion In New Debt

Netflix fuels its ballooning cash burn with $2 billion in new debt CNBC - 10 months ago
  • Netflix Co-founder, Chairman & CEO Reed Hastings attends Q&A during Transatlantic Forum as part of Series Mania Lille Hauts de France festival on May 3, 2018 in Lille, France.
  • Netflix is fueling its ballooning cash burn with $2 billion in new debt.
  • The company announced Monday it intends to issue a new round of notes for "general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions."
  • Shares of Netflix fell 3 percent in morning trading Monday.

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Netflix Posts Impressive Earnings As Subscriber Base Jumps By 7 Million

Netflix posts impressive earnings as subscriber base jumps by 7 millionYoni Heisler / BGR - 10 months ago
  • Following the close of trading today, Netflix posted its earnings report for the September quarter and easily bested analyst expectations.
  • Financial metrics aside, the streaming giant did a pretty solid job of adding new subscribers for the quarter.
  • Looking ahead, Netflix anticipates that it will add 9.4 million new subscribers during the 2018 holiday quarter, a figure which eclipses the 8.3 million new subscribers the company added during last year’s holiday quarter.
  • Taking a look at Netflix’s letter to shareholders, the streaming giant took some time to talk about its in-house film and TV studio:

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Spotify And Netflix Could Be Blocked For UK Citizens On Holiday After No-deal Brexit, Government Admits

Spotify and Netflix could be blocked for UK citizens on holiday after no-deal Brexit, government admitsAndrew Griffin / The Independent - 10 months ago
  • Spotify, Netflix and other online streaming services could be blocked to British citizens on holiday in Europe if the UK leaves the EU with no deal, the government has admitted.
  • At the moment, 'geo-blocking' regulation ensures that streaming services are not allowed to discriminate between someone when they are at home in the UK or if they are travelling to the rest of Europe.
  • But a tranche of newly-released official documents about the anticipated impact of a no-deal Brexit includes a paper that suggests the 'geo-blocking' arrangement that currently exists with the bloc would "cease to have effect".
  • Brexit Resignation: July 10th 2018 Maria Caulfield MP Conservative Party's vice chair for women July 10th 2018

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Tech Shares Come Roaring Back, Led By Netflix And Amazon

Tech shares come roaring back, led by Netflix and Amazon CNBC - 10 months ago

Walmart Teams Up With MGM To Create Content For Netflix Alternative Vudu

Mark Wycislik-Wilson / BetaNews - 11 months ago
  • Walmart has partnered with movie studio Metro Goldwyn Mayer to help boost content for its video-on-demand platform Vudu.
  • Vudu -- which Walmart bought eight years ago -- has failed to attract a userbase anything close to that of rival Netflix, but by teaming up with MGM, there is clearly a push to change this.
  • The financial details of the arrangement between the two companies have not been revealed, but Walmart says that the focus will be on creating family-friendly content.

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Netflix Consumes 15 Percent Of The World’s Internet Traffic, Report Says

Netflix consumes 15 percent of the world’s internet traffic, report saysMatt Binder / Mashable - 11 months ago
  • No one service hogs up more of the internet's data than Netflix.
  • Video is taking over the internet, but it's never been more obvious than when you look at who's hogging the world’s internet bandwidth.
  • Netflix alone consumes a staggering 15 percent of global internet traffic, according to the new Global Internet Phenomena Report by bandwidth management company Sandvine.
  • Movie and TV show fans are lapping up so much video content that the category as a whole makes up nearly 58 percent of downstream traffic across the entire internet.

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Former Amazon Engineers Land $18M To Help Companies Find Weak Spots In Their Apps – GeekWire

Former Amazon engineers land $18M to help companies find weak spots in their apps – GeekWireTom Krazit / GeekWire - 11 months ago
  • “Chaos engineering” is not the planning process for a Senate committee hearing, but a growing discipline within software engineering that by deliberately making your systems and applications fail, you’ll learn the best ways to protect those apps from real-world failures.
  • Founded by former Amazon and Netflix engineers Kolton Andrus, CEO, and Matthew Fornaciari, CTO, Gremlin has now raised $23.75 million in funding for its concept of “failure-as-a-service.” The round was led by Tomasz Tunguz of Redpoint Ventures, with participation from existing investors Amplify Ventures and Index Ventures.
  • Andrus and Fornaciari worked together at Amazon in Seattle for four years (“and one week,” Andrus cracked in an interview, a probable reference to vesting schedules) where the principles of chaos engineering came together before they were later refined at Netflix, Andrus’ next stop after Amazon.

Gremlin Raises $18 Million To Expand ‘failure-as-a-service’ Testing Platform

Chris O'Brien / VentureBeat - 11 months ago
  • Gremlin said today it has raised $18 million as the company expanded its product lineup to offer additional ways for companies to stress-test their applications.
  • As part of today’s announcement, the company also introduced a new service called Application Level Fault Injection, or ALFI.
  • “The concept of purposefully injecting harm into systems is still new for many companies, but chaos engineering has been practiced at places like Amazon and Netflix for over a decade,” said Kolton Andrus, CEO and cofounder of Gremlin, in a statement.
  • With more and more companies migrating their services online, customers have come to expect zero downtime and increased reliability.

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Comcast Outbids Fox In $40B Battle For Sky

Comcast outbids Fox in $40B battle for SkyKate Clark / TechCrunch - 11 months ago
  • Comcast has outbid Twenty-First Century Fox for the UK’s Sky, a final step in what’s been a years-long takeover battle between the two media conglomerates.
  • The acquisition of Sky, which has 23 million subscribers in the UK, Ireland, Germany, Austria and Italy, will give Comcast a much stronger foothold in the international market and much-needed ammo to compete with Amazon and Netflix in the streaming wars.
  • Both companies upped their offers for Sky at the settlement auction Saturday, with Comcast offering £17.28 per Sky ordinary share and Fox offering £15.67 per share.

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ESPN+ Streaming Service Hits 1 Million Paid Subscribers

ESPN+ streaming service hits 1 million paid subscribersJoan E. Solsman / CNET - 11 months ago
  •  ESPN+ has racked up a million subscribers in the five months since Disney's sports network launched the streaming video service, the company said Thursday.
  • With ESPN+ and a planned streaming service with its blockbuster movies and shows, Disney is aiming to battle deep-pocketed tech companies like Netflix, Apple and Amazon that are pouring money into original video.
  • One analyst has questioned ESPN+'s subscriber numbers, saying they may be inflated.
  • Kevin Mayer, the company's chairman of direct-to-consumer services like ESPN+, said the 1 million milestone "in such a short amount of time is an incredible testament."

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Photographer Sues Netflix After His Storm Cloud Image Shows Up In ‘Stranger Things’ Concept Art

Photographer sues Netflix after his storm cloud image shows up in ‘Stranger Things’ concept artKurt Schlosser / GeekWire - 11 months ago
  • A supercell thunderstorm in Montana, as captured in a stitched together panoramic image by photographer Sean Heavey.
  • Creepy storm clouds looming over the fictional town of Hawkins, Ind., are a regular occurrence in the Netflix series “Stranger Things.” But one particular cloud used for the streaming hit looked a little too much like a photograph captured many miles away over a prairie in Montana.
  • Photographer Sean Heavey has filed a copyright infringement lawsuit against Netflix for using what he says is his photograph in concept art during an episode of “Beyond Stranger Things,” which offers insight into the sci-fi show with its stars and creators.
  • “Beyond Stranger Things” episode three, titled “Unlikely Allies,” features concept art with a storm cloud.

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Netflix’s Altered Carbon Shows Us A Future Where Augmented Reality Is Everywhere

Netflix’s Altered Carbon shows us a future where augmented reality is everywhereJeff Jenkins / VentureBeat - 1 year ago
  • Netflix recently released a notable foray into the world of science fiction with Altered Carbon, a series adapted from a novel by Richard K.
  • What is particularly interesting is the show’s depiction of a future where augmented reality has become the ubiquitous interface to the digital world.
  • The storyline takes place hundreds of years in the future, so it’s natural that there will be healthy creative license taken.
  • The user input control of these devices is another area where the team behind Altered Carbon seem to have done their homework.

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Netflix And Sky Partner For European Pay-TV Bundle

Netflix and Sky partner for European pay-TV bundleReuters / VentureBeat - 1 year ago
  • Sky, the European pay-TV group at the center of a fierce takeover battle, said it would add online video service Netflix to a new TV bundle, bringing drama like “The Crown” to its sport and entertainment offer for the first time.
  • Netflix’s mix of original drama and movies has proved popular globally, with subscriber numbers reaching nearly 118 million at the end of 2017, bringing new competition to traditional pay-TV cable and satellite providers.
  • Sky CEO Jeremy Darroch said the tie-up would enable customers to access even more entertainment on its platform.
  • “By placing Sky and Netflix content side by side, along with programs from the likes of HBO, Showtime, Fox and Disney, we are making the entertainment experience even easier and simpler for our customers,” he said.

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Netflix’s 40% Stock Run Has It Challenging Disney’s Valuation

Netflix’s 40% stock run has it challenging Disney’s valuationChris O'Brien / VentureBeat - 2 years ago
  • The Walt Disney Company may own the most valuable film properties on the planet.
  • Whoever comes out on top, it seems increasingly clear that the battle is going to come down to these two global giants.
  • Since the start of this year, Netflix’s stock has climbed from $199.50 per share to $280.31 on Thursday, just slightly down from its $286.49 per share peak on January 29.
  • In terms of streaming, Netflix is available in almost every country, a reach that’s unmatched by the likes of HBO, or even Amazon Prime Video.

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‘Sword Art Online’ To Get Netflix Live Action Treatment From ‘Altered Carbon’ Creator

‘Sword Art Online’ to get Netflix Live Action Treatment From ‘Altered Carbon’ CreatorBen Lang / Road To VR - 2 years ago
  • As Netflix’s onslaught of original programming continues, one of the next targets in its sights is the popular VR-themed anime Sword Art Online.
  • Speaking recently with Collider, Laeta Kalogridis, the creator behind Altered Carbon’s own novel-to-Netflix treatment, confirmed that a live action adaptation of the Sword Art Online anime is coming to Netflix.
  • Image courtesy AniplexSword Art Online depicts a future where readily available ‘Nervegear’ VR headsets, which communicate directly with a users brain, transport players into a life-like MMORPG.
  • And while you may be worried that it’ll go the route of the poorly received Death Note (2017) live action adaptation, which transplanted the premise in its entirety from Tokyo to Seattle, simultaneously whitewashing characters and cultural substance, Sword Art Online seems off to a better start.

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Chris Rock’s First Stand-up Special In 10 Years Debuts Tomorrow On Netflix

Chris Rock’s first stand-up special in 10 years debuts tomorrow on NetflixYoni Heisler / BGR - 2 years ago
  • While some TV giants like HBO like mapping out their schedule months in advance, Netflix in recent months has shown an affinity for the element of surprise.
  • Earlier today, Netflix was at it again, this time announcing that Chris Rock’s latest stand-up special will become available on February 14th.
  • Notably, Rock’s forthcoming special was directed by Bo Burnham who previously did an incredible directing job on Jerrod Carmichael’s recent HBO special.
  • The teaser doesn’t really provide us with much of anything, but the mere fact that a new Chris Rock special is upon us is certainly enough to engender excitement amongst comedy fans.

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Netflix Signs ‘American Horror Story’ Director Ryan Murphy In Exclusive Deal

Netflix signs ‘American Horror Story’ director Ryan Murphy in exclusive dealClaire Reilly / CNET - 2 years ago
  • "American Horror Story" creator Ryan Murphy has signed a multi-year deal with Netflix.
  • Netflix's steady march on Hollywood continues apace, with the online streaming giant confirming on Tuesday that it has signed a multi-year production deal with TV royalty Ryan Murphy.Murphy (and his Ryan Murphy Productions team) will begin producing new TV series and films exclusively for Netflix from July 1, 2018.
  • While Murphy will continue to work with Fox on his existing slate of shows, his new series and films will be exclusive to Netflix from July 1.

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CEO Bob Iger Says Disney’s Streaming Service Will Be Able To Compete With Netflix

CEO Bob Iger says Disney’s streaming service will be able to compete with Netflix CNBC - 2 years ago
  • Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City.
  • Disney Chairman and CEO Bob Iger said the company's yet-to-be launched direct-to-consumer service will be able to hold its own against streaming giant Netflix.
  • The Walt Disney Company is home to box office powerhouses Marvel, Pixar and Star Wars.
  • "When you go to market with Star Wars movies, Disney movies, Pixar movies, Marvel-branded and branded television shows under those umbrellas ...

Oculus Go Leak Suggests Launch With Over 1,000 VR Apps

Ian Hamilton, UploadVR / VentureBeat - 2 years ago
  • An image leaked on Reddit shows a convincing look at what might end up being the retail packaging for Oculus Go, the standalone VR headset coming soon from Facebook.
  • The image shows the box for the $200 device with available apps listed including Netflix, Hulu, Ultrawings, Facebook, The New York Times and others.
  • I’m curious how many of those 1,000-plus “apps, games and movies” are movies.
  • The box also notes the device offers 32 GB of storage, increasing the likelihood Oculus is going to release multiple versions of the device with different amounts of storage.

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After 15 Years, EBay Plans To Cut Off PayPal As Its Main Payments Processor

After 15 years, eBay plans to cut off PayPal as its main payments processorJason Del Rey / ReCode - 2 years ago
  • One of the tech industry’s most storied partnerships is coming to an end.
  • eBay announced today that it will stop working with PayPal as its back-end payments service in 2020, and will start to move a small percentage of its payments volume to a new partner later this year.
  • In PayPal’s place, eBay has signed a long-term deal with Adyen, an Amsterdam-based payments company that was founded in 2006 and has counted global companies like Uber, Netflix and Spotify among its customer base.
  • Adyen’s business is solely focused on providing back-end payments services, like credit card processing, to businesses, so you won’t see any Adyen payment buttons pop up on eBay.