Netflix has suspended its service in Russia amid the Moscow-led invasion of Ukraine, a company spokesperson has confirmed. “Given the circumstances on the ground, we have decided to suspend our service in Russia,” Netflix spokesperson Emily Feingold said in a statement to The Verge. The American subscription streaming platform, which launched its service in Russia in October…
Netflix Suspends Service in Russia as Amex, 2 Top Accounting Firms Cut Business Ties
March 7, 2022
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Netflix Joins List of Tech Giants Blocking Content Linked to Russia
March 2, 2022
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U.S. streaming giant Netflix Inc. confirmed it will not add 20 free-to-air Russian TV channels to its platform, which the streaming service could be obligated to carry out under Russian law. “Given the current situation, we have no plans to add these channels to our service,” a Netflix spokesman said in a statement on Monday, referring…
Missing Actress Jaida Benjamin of Netflix’s ‘Family Reunion’ Found Safe
February 23, 2022
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A 27-year-old actress who went missing in California over the weekend was found safe on Tuesday in a Los Angeles neighborhood, according to reports. Jaida Benjamin, best known for her work on Netflix’s “Family Reunion,” was located by the Los Angeles Police Department in Studio City, Fox News reported. “She was located this morning at…
CRTC Lacks Expertise to Regulate Online Streaming, YouTube: Experts
OTTAWA—Internet experts have cast doubt on whether the body the federal government wants to regulate streaming services and video-sharing platforms such as YouTube and Netflix has the expertise to do so. They have also questioned whether the Canadian Radio-television and Telecommunications Commission should be given new regulatory powers, or even if it fully understands how…
Co-CEO Reed Hastings Buys $20 Million of Netflix Shares Amid Stock Collapse
According to a regulatory filing with the Securities and Exchange Commission on Friday, Netflix Inc. Co-Chief Executive Officer Reed Hastings recently bought $20 million worth of shares in the company. On Thursday, Jan. 20, after the bell, Netflix projected weaker subscriber growth going forward, causing the stock to plunge. In late December 2021, Netflix stock traded at…
Analysis: Could Disney Really Cause Netflix to Lose 750,000 UK Subscribers?
A media research analyst is warning that Netflix Inc. could see the defection of as many 750,000 subscribers in the U.K. with the loss of several older U.S. sitcoms and action shows that are owned by Walt Disney Co.. But is this warning accurate in its severity, or is it overlooking several key elements regarding both…
Wall Street Opens Lower as Netflix Disappoints
Wall Street’s main indexes opened lower on Friday and were on course for their at least third straight week of declines, after a weak forecast from Netflix sent shares of the streaming company and its peers spiraling down. The Dow Jones Industrial Average fell 13.70 points, or 0.04 percent, at the open to 34,701.69. The…
Read How Analysts View Netflix Ahead of Quarterly Results
Analysts were divided on their opinions on Netflix Inc. ahead of its quarterly results this week. KeyBanc analyst Justin Patterson notes that Netflix’s price increase was more significant than anticipated, which he believes implies a 1 percent lift to his/Street 2022 revenue. Nonetheless, the analyst has unchanged estimates due to the proximity of earnings, which should shed light…
Here’s Why Piper Sandler Sees 34% Upside in This Streaming Giant
Piper Sandler analyst Thomas Champion reiterated an Overweight rating on Netflix Inc. with a $705 price target, implying an upside of 34.1 percent. Champion’s rating comes ahead of the company’s Q4 results on Thursday. The analyst remains constructive on the shares long-term, citing the structural opportunity in streaming video. The stock is down 10 percent in the last month…
Netflix Is Raising Subscription Prices: Here’s What You Need to Know
Netflix Inc. is raising its United States monthly subscription prices by $1 to $2 per month depending on the plan. The price increase will help Netflix pay for new programming in order to remain competitive in the increasingly crowded streaming space. “We’re updating our prices so that we can continue to offer a wide variety of quality…
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