Latest Netflix Inc News

Asian stocks follow Wall Street higher

May. 15, 2019 12:48 AM EDT

BEIJING (AP) — Asian stocks followed Wall Street higher on Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced as investors mulled the likely costs of U.S. and Chinese tariff...

Disney takes over Hulu from Comcast as stream wars heat up

May. 14, 2019 3:13 PM EDT

NEW YORK (AP) — Disney is taking full control of Hulu from Comcast, as both companies prepare to launch their own streaming services in response to declining audiences for traditional TV. The companies said Tuesday that Comcast, which owns a third of Hulu, can sell its stake to Disney starting in 2024, for...

Alongside Cannes mainstays, fresh faces try to stand out

May. 11, 2019 12:56 PM EDT

Mati Diop only realized long after her Dakar-set "Atlantics" had been selected to premiere at the Cannes Film Festival that she had made history. Diop, the 36-year-old French-born filmmaker of Senegalese heritage, is the first black woman in competition for Cannes' top honor, the Palme d'Or. The 72nd Cannes Film...

Markets Right Now: Late selling leaves stocks slightly lower

May. 8, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended mostly lower on Wall Street after a late wave of selling wiped out what was left of a modest midday rally. Internet and media companies fell the most Wednesday. Netflix sank 1.6% and Google's parent...

Amazon's profit more than doubles on cloud computing growth

Apr. 25, 2019 8:03 PM EDT

NEW YORK (AP) — Amazon's push into advertising and cloud computing is paying off, helping the online shopping giant's first quarter profit more than double from a year ago. The company also announced that it would be shaking up its Prime membership by offering one-day delivery on most goods instead of...

Cuomo: Netflix expanding in NYC, adding jobs, sound stages

Apr. 18, 2019 4:13 PM EDT

NEW YORK (AP) — Netflix will expand its operations in New York City, adding 127 jobs in its Manhattan marketing and development office and building six sounds stages in Brooklyn where thousands of productions jobs will be located, New York officials announced Thursday. Gov. Andrew Cuomo said the San Jose,...

Markets Right Now: Stocks end lower as insurers fall

Apr. 17, 2019 4:10 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing lower on Wall Street Wednesday as losses by health care companies outweigh gains elsewhere in the market. Investors hammered insurers amid fears over the potential impact on their profits from...

Netflix adds 9.6M subscribers in 1Q as competition heats up

Apr. 16, 2019 7:04 PM EDT

SAN FRANCISCO (AP) — Netflix kicked off the year with the biggest subscriber gains in the history of its video-streaming service, but it still managed to disappoint investors by forecasting a springtime slowdown. The strong first-quarter performance coincided with Netflix's biggest U.S. price increases and...

Facebook names PayPal exec to board; Netflix CEO leaving

Apr. 12, 2019 6:00 PM EDT

SAN FRANCISCO (AP) — Facebook is nominating to its board of directors a PayPal executive who recently served as finance chief of the charitable organization run by CEO Mark Zuckerberg and his wife Priscilla Chan. Peggy Alford would be the first African American woman to serve on Facebook's board. Her...

How not to break the bank on streaming services

Apr. 12, 2019 2:21 PM EDT

NEW YORK (AP) — With more TV streaming services than ever before, from newcomers like Disney Plus to stalwarts like Netflix, consumers may feel the ideal viewing experience is finally at hand. Americans have, on average, three streaming video subscription services, according to a recent study of digital...