Streaming has become an increasingly competitive industry in recent years. Disney, for instance, reported in August that it had about 221 million subscriptions across its bundle of services. It will start offering a lower-priced advertising […]
Netflix could introduce its lower-priced ad-supported tier by the end of the year, a more accelerated timeline than originally indicated, the company told employees in a recent note. In the note, Netflix executives said that […]
Many entertainment executives, tired of playing catch-up to a Silicon Valley interloper, have been waiting for the comeuppance of Netflix. But this may not have been the way they hoped it would happen. Netflix said […]
Netflix, he said, is really competing against traditional television, and the “shakeout” won’t happen until streaming makes up the majority of viewing. He cited the latest study from Nielsen, which showed that streaming accounts for […]
Does it feel good to be the man who killed Hollywood? “No,” said Reed Hastings, who nurtured Netflix into the Godzilla of the entertainment world. “But, of course, we haven’t killed Hollywood.” At 59, the […]
Reed Hastings, the co-founder of Netflix, and his wife, Patty Quillin, donated $120 million to the United Negro College Fund, Spelman College and Morehouse College, the largest-ever individual gift to support scholarships at historically black […]
Reed Hastings, the chief executive of Netflix, has grown used to going up against Amazon, Hulu and YouTube. But the Walt Disney Company’s entry into the streaming industry, with Disney Plus, caught his attention. After […]
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