Netflix News

Netflix Signs Deal With Oscar-Winning Producer

Netflix has signed a multi-year deal with Academy Award-winning producer Darla Anderson, best known for producing animated films Coco, Cars, Toy Story 3. At Netflix, Anderson will develop and produce new animated and live action projects, both feature films and series, for family audiences around the world. Anderson produced Disney•Pixar’s Coco, which won the 2018 Academy Award for Best […]

Netflix News

Netflix Revenues Up 35% in 2018

Netflix reported fourth quarter results and said it grew annual revenue 35% to $15.8 billion in 2018, and nearly doubled operating profits to $1.6 billion. Fueling this growth was a huge increase in paid subscribers. Netflix said it ended 2018 with 139.2 million paying memberships, up 8.8 million from quarter start and up 29 million […]

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Netflix Names New CFO

LOS GATOS — Streaming media giant Netflix announced that Spencer Neumann is joining the company as Chief Financial Officer. Neumann is an accomplished media and financial executive who was most recently CFO of Activision Blizzard and previously held several senior positions at the The Walt Disney Company. He succeeds David Wells who served as CFO […]

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Netflix Partners With Willy Wonka Creator

Netflix is looking to bring more kids content to its streaming service with a partnership with the Roald Dahl Story company, best known for Willy Wonka and Oompa Loompas. Roald Dahl is a British author who’s best-selling kids books have sold over 250 million copies worldwide including Charlie and the Chocolate Factory, Matilda, The BFG, The Twits, and many other […]

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Netflix Just Kills It

Streaming media giant Netflix reported stellar earnings for the company’s third quarter and reported over 130 million paid subscribers worldwide. The company’s stock is up over 6% on the day. Netflix said revenues in the third quarter were $3.99 billion and net income of $403 million. Revenues were up 34% from a year ago. Netflix […]

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Christina Applegate to Star in Netflix Series

Actress Christina Applegate will star in a new Netflix series under development called Dead to Me. The streaming series is billed as a dark comedy about a powerful friendship that blossoms between a tightly wound widow and a free spirit with a shocking secret. Applegate will play the lead character named Jen, a poised and […]

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Netflix Climbs to Another All-Time High

Shares in streaming media giant Netflix hit another all-time high following a federal court ruling allowing AT&T to purchase Time Warner for $85 billion. The ruling could lead to other media companies merging together and being acquired by larger companies. Goldman Sachs also raised its target for Netflix shares from $390 to $490. That helped […]

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Netflix to Launch Horror Series

Netflix plans to launch a new horror series called Guillermo Del Toro Presents 10 After Midnight. In this new genre-defining anthology series, acclaimed Academy Award-winning filmmaker Guillermo del Toro will present a collection of personally curated stories, that are both equally sophisticated and horrific. With this first live-action series, del Toro and Netflix extend their […]

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Netflix Shares Take Off After Earnings

  Shares in streaming media giant Netflix were up $20 in after-hours trading after reporting knock-out fourth quarter earnings that exceeded expectations. Netflix reported revenues of $3.28 billion in the fourth quarter, up 32.6% from the year before. The company added 8.33 million net new memberships and now has 110.6 million paid memberships worldwide. Paid […]

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Netflix Sees More and More Binge Racers

  Netflix, the world’s leading streaming video service — has identified a new kind of hardcore fan, and has named him or her the Binge Racer. Accomplishing in a day what takes others weeks to achieve, Binge Racers strive to be the first to finish by speeding through an entire season within 24 hours of […]

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Netflix Adds 5.2 Million Subscribers

  Netflix, the streaming media giant, reported second quarter revenues for 2017 of $2.78 billion, up 32.3% year ago. The company added 5.2 million subscribers in the quarter, which exceeded analyst expecations. Shares in Netflix hit an all-time high in after hours trading on Monday evening to $178.98. Netflix reported a total of 103.95 million […]

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Netflix to Produce Four More Films With Adam Sandler

  Netflix subscribers will be getting more Adam Sandler in the future. The streaming media giant announced it has extended its deal with Sandler and will commit to finance the development and production of four more feature length films starring the former Saturday Night Live comedian. Sandler’s Happy Madison Productions will produce each film, which […]

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Netflix Hires Film Producer Scott Stuber

  Netflix has hired veteran film producer Scott Stuber to grow the company’s original film projects. Stuber will lead the development, production and acquisition of the company’s expanding slate of original films for its global audience of more than 93 million members. There are eight upcoming films that Stuber will help oversee to be released […]

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Seinfeld Signs Deal With Netflix

  Jerry Seinfeld, one of the most successful comedians of all time, is making Netflix the exclusive home for his popular streaming show Comedians in Cars Getting Coffee. Netflix has signed the comedian to a multi-faceted production deal, starting in 2017. As part of the exclusive pact, new episodes of Comedians in Cars Getting Coffee […]

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Netflix to Raise $1 Billion in Bonds

  LOS GATOS, CA — Netflix, Inc. announced it will raise $1 billion in a bond offering, boosting the amount from $800 million in the same day due to high demand from institutional investors. The bonds pay interest rate of 4.375% and are due in 2026. Netflix intends to use the net proceeds from this […]

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Netflix Shares Soar Over 18%

  Shares in video service Netflix soared over 18% Tuesday morning following a better than expected third-quarter earnings report. The company added 3.57 million net subscribers worldwide in the quarter, with 888,000 in the U.S. and 2.74 million internationally. Netflix now has 83.2 million paid subscribers, 46.4 million in the U.S. Global streaming revenue was […]

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Netflix, CW Announce New Agreement

  Netflix, the world’s leading streaming service, and The CW Network, a joint venture between CBS Corporation and Warner Bros. Entertainment, announced a new multi-year content licensing relationship that allows Netflix to remain the exclusive U.S. subscription television service for past seasons of scripted series broadcast on The CW. The new relationship spans all current […]