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Disney dream may become a nightmare for Netflix

NEW YORK: Disney might run the happiest place on Earth. But it's not so cheerful for Netflix.

Corporate News

Netflix adds more subscribers than expected, shares hit record

NEW YORK: Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television explodes globally


Netflix shares plunge as global growth falls short, US customers shrink

NEW YORK: Netflix Inc said on Wednesday it lost US streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.


Netflix looms large as theatre owners assess industry future

LAS VEGAS: As movie theatre owners converge on Las Vegas for their annual convention, one topic that keeps coming up is how they contend with a company that has resisted their traditional business model: Netflix Inc.


Netflix adds to growing debt pile with US$2bil bond issue

Netflix Inc announced on Monday it will tap debt markets for a second time this year, aiming to raise another US$2 billion as the streaming video pioneer invests heavily in production of original shows and content acquisition to fend off intensifying competition.


Netflix plans to raise prices as US streaming subscribers grow

LOS ANGELES: Video streaming service Netflix Inc said it intends to raise the monthly subscription price for new customers by US$1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers.

Corporate News

Stock market value of Netflix eclipses Disney for first time

SAN FRANCISCO: Netflix's stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world's most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television.


Wall Street Week Ahead: Where Netflix goes, Big Tech may follow

SAN FRANCISCO: Netflix Inc's quarterly results on Monday may offer an advanced preview of whether Facebook Inc, Inc and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering


Netflix subscriptions boom worldwide

LOS ANGELES: Netflix Inc added over 50% more subscribers than expected in the third quarter as original shows such as “Stranger Things” drew new international viewers and kept US customers despite a price hike, sending its shares soaring 20% in late trade.


Netflix says CEO’s Facebook post triggered SEC notice

SAN FRANCISCO: Netflix Inc said on Thursday securities regulators warned they might bring civil action against the company and its chief executive for violating public disclosure rules with a Facebook post, in a case that raises questions about how public companies communicate on social media.