Netflix to charge an additional $8 month for viewers living outside US subscribers’ households
May 23, 2023 GMTNetflix on Tuesday outlined how it intends to crack down on the rampant sharing of account passwords in the U.S., its latest bid to reel in more subscribers to its video streaming service as its growth slows.
How major US stock indexes fared Wednesday 4/19/2023
April 19, 2023 GMTStocks are closing mostly flat on Wall Street Wednesday following mixed earnings reports from big U.S. companies.
The S&P 500 was virtually unchanged, the Dow slipped and the Nasdaq gained less than 0.1%.
Netflix, Tesla fall; United Airlines, Abbott rise
April 19, 2023 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Tesla Inc., down $3.72 to $180.59.
The electric vehicle maker cut prices for the fourth time in the U.S.
Netflix reports a first-quarter burst in subscriber growth
April 18, 2023 GMTSAN FRANCISCO (AP) — Netflix began the year with another burst in subscriber growth that eclipsed analysts’ projections for the third consecutive quarter, providing further evidence the video streaming service has regained its momentum after a jarring downturn in customers prompted a shake up.
Netflix to bring down the curtain on its DVD-by-mail service
April 18, 2023 GMTSAN FRANCISCO (AP) — Netflix is poised to shut down the DVD-by-mail rental service that set the stage for its trailblazing video streaming service, ending an era that began a quarter century ago when delivering discs through the mail was considered a revolutionary concept.
Netflix cuts prices in some markets to lure more subscribers
February 24, 2023 GMTNetflix is cutting its prices in several of its smaller markets in the latest twist on the video streaming service’s efforts to keep its recently revived subscriber growth rolling amid stiffer competition and inflation pressures that are pushing more households to curb their discretionary spending.
Super Bowl ads use celebs, humor, lots of dogs
February 13, 2023 GMTNEW YORK (AP) — Advertisers bet big that viewers were turning to the Super Bowl for a comforting escape, and delivered a series of advertisements that relied on familiar celebrity faces, light humor, and plenty of cuddly dogs.
Doja Cat, John Travolta, Ben Affleck star in Super Bowl ads
February 13, 2023 GMTNEW YORK (AP) — The big day for marketers has arrived: The Super Bowl is advertising's biggest, glitziest stage.
Big name advertisers from Netflix to Google paid as much as $7 million for a 30-second spot during the game, seeking to capture the attention of the roughly 100 million viewers who tune in each year.
Netflix steps up its effort to get paid for account sharing
February 8, 2023 GMTNetflix has a plan to deal with rampant account sharing: a program that lets subscribers pay extra to share their account with people outside their household.
The streaming giant introduced paid sharing in Canada, New Zealand, Portugal and Spain on Wednesday.
Nostalgia sells; nostalgia with a twist can be a smash
February 3, 2023 GMTNostalgia sells and marketers know it, having used the brands of yesteryear fully aware that consumers will open their wallets to scratch that sentimental itch.
Those oldies but goodies keep popping up today, but increasingly with a twist.
New this week: Shania, ‘Princess Power’ and Pamela Anderson
January 30, 2023 GMTHere’s a collection curated by The Associated Press’ entertainment journalists of what’s arriving on TV, streaming services and music and video game platforms this week.
Lorne Michaels of ‘SNL’ to be honored at PEN America gala
January 23, 2023 GMTNEW YORK (AP) — This year's PEN America Literary Gala will be notable for the presence of “Saturday Night Live.”
Rally for tech stocks helps soften Wall Street’s rough week
January 20, 2023 GMTA rough week on Wall Street dominated by worries about a weakening economy ended Friday with a broad rally that gave the market its best day in two weeks.
The S&P 500 rose 1.9%. Despite the gains, the benchmark index still ended with its first weekly loss in the last three.
How major US stock indexes fared Friday 1/20/2023
January 20, 2023 GMTA rally for tech stocks applied some salve on Wall Street’s rough week, one dominated by worries about a weakening economy.
The S&P 500 rose 1.9% Friday, but still ended with its first weekly loss in the last three.
Neftlix, Alphabet rise; Lilly, Concentrix fall
January 20, 2023 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Alphabet Inc., up $4.97 to $98.02.
Google's owner is cutting 12,000 jobs, about 6% of its workforce, the latest tech company to trim staff.
Netflix’s 4Q subscribers surge, long-time CEO passes baton
January 19, 2023 GMTNetflix’s subscriber growth is surging again, providing an early sign that its shift to include ads in a cheaper version of its video streaming service is helping to combat tougher competition and attract cost-conscious customers grappling with inflation.
How major US stock indexes fared Tuesday 1/17/2023
January 17, 2023 GMTMajor U.S. indexes closed mixed on Wall Street at the beginning of a holiday-shortened, but earnings-heavy week.
The S&P 500 fell 0.2% Tuesday. The Nasdaq edged higher and the Dow Jones Industrial Average fell, mostly because of a big drop in Goldman Sachs after the investment bank’s results came in far below analysts’ estimates as dealmaking dried up.
Greek court rejects charges against aid workers
January 13, 2023 GMTMYTILENE, Greece (AP) — A court on the Greek island of Lesbos on Friday rejected charges against a group of aid workers and volunteers who participated in migrant rescue operations, ruling on procedural grounds to return the case to the prosecution for refiling.
Greek trial of volunteer migrant rescuers to resume Friday
January 10, 2023 GMTMYTILENE, Greece (AP) — Two dozen Greek and foreign aid workers and volunteers who participated in migrant rescue operations on an eastern Greek island have gone on trial in a smuggling-related case that’s been widely criticized by human rights groups.
Golden Globes are back on TV, but are reform efforts enough?
January 9, 2023 GMTNEW YORK (AP) — Without a TV show, starry red carpet, host, press or even a livestream, the Golden Globe Awards were in chaos last year after scandal broke over lack of diversity, accusations of sexism, and ethical and financial lapses among members of the Hollywood Foreign Press Association.
Best of CES 2023: Wireless TV, delivery robots and in-car VR
January 5, 2023 GMTLAS VEGAS (AP) — Tech companies of all sizes are showing off their latest products at CES, formerly known as the Consumer Electronics show.
S&P 500 closes out dismal year with worst loss since 2008
December 31, 2022 GMTWall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008.
The benchmark index finished with a loss of 19.4% for 2022, or 18.1%, including dividends.
Netflix plans $900M facility at former New Jersey Army base
December 21, 2022 GMTNetflix said Wednesday it plans to build a state-of-the-art production facility at a former Army base at the Jersey Shore that will cost more than $900 million, and create thousands of jobs.
The subscription video streaming company will pay $55 million for a 292-acre site on the former Fort Monmouth military base in Eatontown and Oceanport.
Nordson, AbCellera rise; Warner Bros., Novavax fall
December 15, 2022 GMTStocks that traded heavily or had substantial price changes Thursday:
Nordson Corp., up $5.93 to $241.84.
The maker of adhesives and industrial coatings beat analysts' fiscal fourth-quarter earnings and revenue forecasts.
List of nominees to the 80th annual Golden Globe Awards
December 12, 2022 GMTBEVERLY HILLS, Calif. (AP) — Nominees for the 80th annual Golden Globe Awards, which were announced Monday by the Hollywood Foreign Press Association.
‘Wakanda Forever’ is No. 1 for 4th straight weekend
December 4, 2022 GMTNEW YORK (AP) — “Black Panther: Wakanda Forever” kept the box-office crown for the fourth straight weekend, and the comic holiday thriller “Violent Night” debuted with $13.3 million, according to studio estimates Sunday.
Harry and Meghan doc footage puts royal rift at forefront
December 1, 2022 GMTLOS ANGELES (AP) — Footage of an upcoming documentary about Harry and Meghan released Thursday shows the couple is once again prepared to tackle the topic of their rift with the royal family head on and in their own words.
Ohio court rejects city cable fees for streaming services
November 30, 2022 GMTCOLUMBUS, Ohio (AP) — The streaming services Netflix and Hulu are not video service providers that would have to pay local governments in Ohio the same fees levied on cable operators, the state Supreme Court ruled Wednesday in a case similar to lawsuits filed by hundreds of other municipalities nationally.
Netflix nights still come wrapped in red-and-white envelopes
November 25, 2022 GMTSANTA CRUZ, Calif. (AP) — Netflix's trailblazing DVD-by-mail rental service has been relegated as a relic in the age of video streaming, but there is still a steady — albeit shrinking — audience of diehards like Amanda Konkle who are happily paying to receive those discs in the iconic red-and-white envelopes.
From ‘Enola Holmes’ to ‘Extraction,’ Netflix bets on sequels
November 4, 2022 GMTIt’s easy to forget that the Netflix original film department is still rather young. Five years ago, the streaming service didn’t even really have one. But things move quickly in the competitive streaming world, especially when starting from scratch.
‘Manifest’ takes off on Netflix for fourth and final season
November 3, 2022 GMTWhen NBC canceled the sci-fi family drama “Manifest” last year after three seasons, fans were devastated: The central mystery about a commercial plane that disappeared for more than five years — only to land with crew and passengers that hadn't aged a day — was nowhere near solved.
Netflix, United Airlines rise; Lennar, Olaplex fall
October 19, 2022 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Netflix Inc., up $31.52 to $272.38.
The streaming entertainment giant handily beat Wall Street's third-quarter earnings forecasts.
Netflix rebounds from recent subscriber losses with 3Q gain
October 18, 2022 GMTSAN FRANCISCO (AP) — Netflix reversed its recent subscriber losses with a summertime gain that management is hoping to build upon with the upcoming launch of a cheaper version of the video streaming service that will include ads for the first time.
Netflix sets $7 monthly price for its ad-supported service
October 13, 2022 GMTSAN RAMON, Calif. (AP) — Netflix next month will unveil the first version of its video streaming service with ads, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up with commercial interruptions.
In a first, Netflix’s ‘Glass Onion’ to play in major chains
October 6, 2022 GMTNEW YORK (AP) — For the first time, the major U.S. theater chains will play a Netflix release after exhibitors and the streaming service reached a deal for a nationwide sneak-peak run of Rian Johnson's “Glass Onion: A Knives Out Mystery.”
Chastain and Redmayne on teaming up for ‘The Good Nurse’
September 13, 2022 GMTTORONTO (AP) — Jessica Chastain and Eddie Redmayne’s careers were, perhaps, always on a collision course. Their similar red-haired, fair-skinned appearances have long been compared. At the 2017 Golden Globes when they presented together, host Jimmy Fallon introduced them by rapping “Chastain and the Redmayne” to the beat of Cypress Hill's “Insane in the Membrane.”
For 1st month ever, streamers rule broadcast, cable networks
August 18, 2022 GMTNEW YORK (AP) — This summer has been a breakthrough for streaming, with the time viewers spent watching services like Netflix and Hulu outpacing broadcast and cable television networks in July for the first month ever.
Disney+ ad-free subscription cost to rise by 38% in December
August 10, 2022 GMTWalt Disney Co. said Wednesday it is raising prices for streaming subscribers in the U.S. who want to watch Disney+ without ads, as more viewers switch to what CEO Bob Chapek described as the “best value in streaming.”
Omnicom, Netflix rise; Baker Hughes, Toll Brothers fall
July 20, 2022 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Netflix Inc., up $14.81 to $216.44.
The streaming video pioneer reported fewer lost subscribers than analysts expected.
Netflix Q2 subscriber loss widens, but not as much as feared
July 19, 2022 GMTSAN FRANCISCO (AP) — Netflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video streaming service’s effort to launch a cheaper option with commercial interruptions.
Netflix: Q2 Earnings Snapshot
July 19, 2022 GMTLOS GATOS, Calif. (AP) _ Netflix Inc. (NFLX) on Tuesday reported second-quarter profit of $1.44 billion.
On a per-share basis, the Los Gatos, California-based company said it had profit of $3.20.
Netflix to rely on Microsoft for its ad-backed video service
July 13, 2022 GMTSAN FRANCISCO (AP) — Netflix has picked Microsoft to help deliver the commercials in a cheaper version of its video streaming service expected to launch later this year with a pledge to minimize the intrusions into personal privacy that often accompany digital ads.
Wall Street expects inflation squeeze on 2Q earnings
July 7, 2022 GMTNEW YORK (AP) — Inflation tightened its grip on businesses and consumers during the second quarter and investors expect to see a dent in the latest round of corporate earnings.
Wall Street already had expected relatively muted earnings growth in 2022 following a sharp recovery in 2021 that was driven by pent up demand from consumers.
Netflix co-founder helps direct startups amid tech turmoil
June 27, 2022 GMTSANTA CRUZ, Calif. (AP) — Longtime Netflix CEO Reed Hastings is renowned for building a video streaming service that has transformed entertainment, but it probably wouldn't have happened if not for his friendship with serial entrepreneur Marc Randolph.
Live updates | Russia returns 210 dead Mariupol defenders
June 8, 2022 GMTKYIV, Ukraine — Ukraine’s military intelligence agency says Russia has so far turned over the bodies of 210 Ukrainian fighters killed in the battle for Mariupol. It says most of them were among the last holdouts in the Azovstal steelworks.
Live updates | Kyiv theater reopens with soldout performance
June 7, 2022 GMTKYIV, Ukraine — A theater in Ukraine’s capital has reopened for the first time since Russian forces invaded the country, and tickets sold out for Sunday's performance.
Theater on Podil was the latest cultural institution in Kyiv to resume operations.
Business Highlights: Twitter deal doubts, stocks end higher
June 6, 2022 GMT___
Musk threatens to walk away from Twitter deal
DETROIT (AP) — Elon Musk is threatening to end his $44 billion agreement to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.
California parents could soon sue for social media addiction
May 24, 2022 GMTSACRAMENTO, Calif. (AP) — California could soon hold social media companies responsible for harming children who have become addicted to their products, permitting parents to sue platforms like Instagram and TikTok for up to $25,000 per violation under a bill that passed the state Assembly on Monday.
Google parent suffers 1Q growth slowdown, profit decline
April 26, 2022 GMTSAN RAMON, Calif. (AP) — Google’s corporate parent on Tuesday posted its slowest quarterly revenue growth since 2020, the latest sign that the huge gains enjoyed by technology companies during the pandemic are fading into the rear-view mirror.
As shares plunge, Netflix takes aim at password sharing, ads
April 21, 2022 GMTSAN FRANCISCO (AP) — An unexpected drop in subscribers sent Netflix shares into freefall Wednesday, forcing the company to consider experimenting with ads and -- hold onto your remote -- cracking down on millions of freeloaders who use passwords shared by friends or family.
Business Highlights: Netflix’s woes, Tesla profits
April 20, 2022 GMT___
As shares plunge, Netflix takes aim at password sharing, ads
SAN FRANCISCO (AP) — Streaming service Netflix is dealing with a sharp drop in subscribers by considering changes to its service that it has long resisted.
IBM, Stride rise; Netflix, Baker Hughes fall
April 20, 2022 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Netflix Inc., down $122.42 to $226.19.
The streaming video giant lost subscribers for the first time in more than a decade and it expects those losses to accelerate this quarter.
Netflix shares drop 25% after service loses 200K subscribers
April 20, 2022 GMTSAN FRANCISCO (AP) — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days.
Netflix: Q1 Earnings Snapshot
April 19, 2022 GMTLOS GATOS, Calif. (AP) _ Netflix Inc. (NFLX) on Tuesday reported first-quarter net income of $1.6 billion.
The Los Gatos, California-based company said it had net income of $3.53 per share.
Cities ask Netflix, Hulu, stream services to pay cable fees
April 13, 2022 GMTCOLUMBUS, Ohio (AP) — Should Netflix and other streaming services have to pay local governments the same fees levied on cable operators?
That was the question before the Ohio Supreme Court during a Wednesday hearing, as the court debates whether streaming services such as Netflix and Hulu are covered by a state law that would require them to pay to play.
Amazon: IMDb TV will be renamed Amazon Freevee
April 13, 2022 GMTAmazon announced Wednesday its free streaming service IMDb TV will be renamed Amazon Freevee.
The new name will take effect on April 27, the company said in a news release.
The retailer said the streaming service will also expand its original programming by 70% in 2022, with spinoffs of shows such as “Bosh: Legacy” and other series.
How (and where) to watch the 2022 Oscar nominees online
March 18, 2022 GMTNEW YORK (AP) — Looking to watch top Oscar nominees before the 94th Academy Awards air on March 27?
Mississippi HBCU gets $10M from Netflix CEO and wife
February 22, 2022 GMTJACKSON, Miss. (AP) — A private, historically Black college in Mississippi is getting $10 million from the head of Netflix and his wife, a film producer.
Netflix CEO Reed Hastings visited Tougaloo College on Monday to talk about the donation from himself and his wife, Patricia Quillin, news outlets reported.
TV study: LGBTQ characters rise in number with streaming
February 17, 2022 GMTLOS ANGELES (AP) — LGBTQ representation on scripted TV series has grown along with the footprint of streaming services, according to an annual study by the advocacy group GLAAD.
“TV is leading entertainment in telling LGBTQ stories,” Sarah Kate Ellis, president and CEO of GLAAD, said in the “Where We Are on TV” report on the 2021-22 season that was released Thursday.