Latest Netflix Inc News

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...

Disney unveils new streaming service to debut late this year

Apr. 11, 2019 9:36 PM EDT

SAN FRANCISCO (AP) — Disney raised the curtain on a hotly anticipated video steaming service that's aiming to topple industry pioneer Netflix, once a valuable ally of the Magic Kingdom. The service, called Disney Plus, has been in the works for more than year, but Thursday marked the first time that the...

Amazon's growing ties to oil industry irks some employees

Apr. 10, 2019 7:18 PM EDT

NEW YORK (AP) — Amazon is getting cozy with the oil industry — and some employees aren't happy about it. The online shopping giant, which already works with BP and Shell, has been trying to woo more oil and gas companies to use its technology to help them find drillable oil faster, angering workers...

The Latest: Netflix moves release of film starring Huffman

Apr. 9, 2019 1:59 AM EDT

BOSTON (AP) — The Latest on court proceedings in the college bribery scandal (all times local): 9:40 p.m. Netflix officials decided to move the release date of a film starring Felicity Huffman who agreed to plead guilty Monday in the college admissions bribery scam. The streaming service said Monday that...

Apple vs. Netflix: Why turf wars are flaring in big tech

Mar. 27, 2019 4:43 PM EDT

Apple's ambitious leap into streaming video illustrates an escalating trend: Tech's biggest companies, faced with limits to their growth, are encroaching on each other's turf. Apple is taking on Netflix by launching a subscription TV service with its own original shows. Facebook is edging into Amazon's e-commerce...

Asian shares mixed following rebound on Wall Street

Mar. 27, 2019 12:25 AM EDT

BANGKOK (AP) — Shares were mixed in Asia early Wednesday after U.S. stocks finished broadly higher on Wall Street, erasing modest losses from a day earlier. Japan's Nikkei 225 index fell 0.5 percent to 21,328.88 while the Shanghai Composite added 0.6 percent to 3,013.57. Hong Kong's Hang Seng added 0.5...