Hollywood, Netflix co-CEO Reed Hastings has abruptly resigned his position after nearly 25 years heading the company, signaling a sea change at the left-wing streamer.
Netflix is taking huge steps to put an end to password sharing and force users to pay for individual Netflix accounts sometime after the holidays.
The carnage at Netflix keeps getting worse. On Tuesday, the far left-wing streamer revealed that it lost close to 1 million subscribers in the second quarter — the largest quarterly loss of customers in the company’s history.
The bloodletting at Netflix continued on Thursday as the far-left-wing streamer axed an additional 300 employees worldwide, or about 3 percent of its workforce — the company’s largest layoff since its subscriber downturn in the first quarter.
Patty Quillin and Liz Simons are backing Eunisses Hernandez, a radical left-wing candidate in L.A. who wants to “abolish the police.”
The party’s officially over at Netflix following a disastrous first quarter that saw the far-left streamer lose 200,000 subscribers and predict the loss of a whopping 2 million more in the months ahead.
Streaming giant Netflix suffered a $50 billion slash off its market cap Wednesday after its shares closed down 35 percent upon news that the company had lost over 200,000 subscribers with expectations to lose more in the future.
Following the recent news of disastrous subscriber numbers and a revenue downturn, Netflix is planning a potential crackdown on households sharing passwords.
Netflix saw its stock tank 25 percent after it reported losing 200,000 subscribers in the company’s first quarter – the sharpest decline in a decade.
Streaming giant Netflix will reportedly soon be testing a scheme to make primary account holders pay a fee for users outside their households to crack down on password sharing.
Bideninflation is streaming now on Netflix as the company has announced a new round of price hikes that will impact all domestic subscribers.
Hollywood elites including Steven Spielberg, Jeffrey Katzenberg, Rob Reiner, and Barbra Streisand are pouring money into California Gov. Gavin Newsom’s (D) effort to beat the state’s recall election. The race is shaping up to be a nail-biter that could see voters removing the incumbent governor — who is beloved among showbiz leftists — and replacing him with a Republican.
Netflix stock tumbled five percent after revealing that it lost nearly 500,000 subscribers and missed its projected growth rate by more than two million new subscribers.
Hollywood celebrities and executives, including pop star Sia, director Steven Spielberg, and filmmakers J.J. Abrams have opened their wallets to donate to California governor Gavin Newsom (D) ahead of the recall election that will determine whether or not the embattled pro-lockdown leader stays in office.
Netflix’s co-CEO Reed Hastings has donated $3 million to help California Gov. Gavin Newsom (D) fight off the current recall effort, according to a report from Politico.
A little-known super PAC backed by major donors from Silicon Valley and boosted by massive amounts of left-wing “dark money” is unleashing tens of millions of dollars in attack ads against President Trump.
Streaming giant Netflix announced on Wednesday that it has signed a five-year partnership deal with Saudi Arabian animation studio Myrkott, which produces a cartoon series called Masameer that is popular with Middle Eastern audiences.
For the second time in less than a week, CNN has ignored the firestorm over the movie Cuties while interviewing Netflix co-CEO Reed Hastings.
Netflix is facing one of the biggest controversies in its history over the tween-twerking drama Cuties. But you wouldn’t necessarily know that from watching CNN, which interviewed Netflix co-CEO Reed Hastings on Thursday and failed to ask any questions about the movie that depicts underage girls in a highly sexual way.
While Silicon Valley giants including Facebook, Google, and Twitter have extended their work-from-home policy into 2021 and beyond, Netflix is signaling a break from the pack, with CEO Reed Hastings saying that he doesn’t see “any positives” in allowing employees
Netflix CEO Reed Hastings and his wife Patty Quillin announced on Wednesday that they are donating $120 million to the United Negro College Fund and two historically black colleges in response to the death of George Floyd. According to Hastings, “We wanted to do our part to draw attention, in this case, to the HBCU’s 150 years of resilience, of educating young Black people and the stories not well understood in the white community.”
Streaming giant Netflix has announced that it will be taking action to reduce the bitrates of streams in Europe, freeing up bandwidth, following a conversation between the European Union Commissioner Thierry Breton and Netflix CEO Reed Hastings.
LOS ANGELES — Netflix is canceling its South by Southwest screenings and events amid concerns about the outbreak of the new coronavirus.
Appearing Tuesday at the New York Times’ Dealbook conference, Netflix CEO Reed Hastings attempted to explain away the streaming giant’s decision to censor one of its programs in Saudi Arabia, contending “we’re not trying to do truth to power.”
Streaming giant Netflix lost subscribers in the United States for the first time in nearly a decade, dropping a net 130,000 over the second quarter of 2019 while also adding nearly two million fewer customers than predicted.
Netflix CEO Reed Hastings donated more than $140,000 to Missouri GOP lawmakers who backed the state’s recent abortion law, public records revealed. This, despite the streaming giant he co-founded taking a stance on Tuesday against Georgia’s similar legislation on abortion, stating that the company may stop filming in the state if the law goes into effect.
Netflix CEO Reed Hastings earned $36.1 million between salary and stock options in 2018, the same year the leading streaming company paid no income taxes.
Deutsche Bank raised its rating on Netflix shares recently, betting that the streaming service will become a global “cultural necessity.”
Netflix CEO Reed Hastings will leave Facebook next month after eight years service on its board amid reported, the social media giant announced.
While Hollywood constantly preaches diversity, some of the entertainment industry’s most powerful and influential executives have given almost exclusively to Democrat candidates and left-wing PACs.
Netflix CEO Reed Hastings claimed the repeal of net neutrality isn’t a big deal because Internet Service Providers (ISPs) are delivering customers the service they expect.
Netflix has fired their Chief of Communications Jonathan Friedland after he used the N-word twice in front of company employees, an internal memo to employees has revealed.
Some Netflix users have pledged to boycott the popular streaming service after they announced the appointment of former Obama national security adviser Susan Rice to the company’s board of directors.
Top-tier venture capitalist Peter Thiel is ditching the intolerance of Silicon Valley and moving himself and his personal investment arm to Los Angeles for better business opportunities.
After Netflix CEO Reed Hastings dismissed net neutrality as an issue that was only important to “the Netflix of ten years ago” at a conference two weeks ago, the company’s Twitter account sent out a tweet claiming they would “never outgrow” the cause.
The New York Times reports Silicon Valley tech elites are attempting to affect change in America’s education system.
Netflix CEO Reed Hastings addressed the Trump Administration’s stance against net neutrality on Wednesday, claiming that “It’s not narrowly important to us because we’re big enough to get the deals we want.”
Despite Silicon Valley executives’ expectation they could lead a national effort to abolish the death penalty by funneling hundreds of thousands of dollars into a California initiative, law enforcement and conservatives have raised cash to defend the death penalty, and appear headed
Netflix executives hinted Wednesday that the streaming giant could take on a new challenge in the next couple of years: getting into news programming.
Netflix announced Monday that its service is now available in Cuba for those with an Internet connection and access to international payment methods. In a statement, Netflix CEO Reed Hastings said the company is “delighted” to bring its collection of
