Latest Netflix Inc News

FILE - In this July 31, 2017, file photo, the Discovery Communications logo sits atop its headquarters in Silver Spring, Md. Discovery is joining the increasingly crowded streaming fray with its own reality-focused service Discovery Plus that will include shows from the Food Network, HGTV, TLC and its other networks. It launches Jan 4. (AP Photo/Manuel Balce Ceneta, File)

Discovery's reality-heavy streaming service launches in Jan.

Dec. 2, 2020 1:23 PM EST

Discovery is joining the increasingly crowded streaming fray with its own reality-focused service Discovery Plus that will include shows from the Food Network, HGTV, TLC and its other networks. It launches Jan 4. The service will cost $5 a month with ads and $7 a month without ads. By comparison, the ad-free...

People stand by an electronic stock board of a securities firm showing Japan's Nikkei 225 index in Tokyo, Wednesday, Nov. 25, 2020. Asian shares rose Wednesday after the Dow Jones Industrial Average closed above 30,000 points for the first time despite an ongoing pandemic, as progress in development of coronavirus vaccines kept investors in a buying mood. (AP Photo/Koji Sasahara)

Asian shares rise after Dow crests 30,000 on vaccine hopes

Nov. 24, 2020 10:36 PM EST

TOKYO (AP) — Asian shares rose Wednesday after the Dow Jones Industrial Average closed above 30,000 points for the first time despite an ongoing pandemic, as progress in development of coronavirus vaccines kept investors in a buying mood. Japan's benchmark Nikkei 225 jumped 1.7% to 26,607.63 in morning...

FILE - A sign for Wall Street is carved in the side of a building, Thursday, Nov. 5, 2020, in New York. Stocks are opening broadly higher on Wall Street Friday, Nov. 13, keeping the market on track for its second weekly gain in a row.    (AP Photo/Mark Lennihan)

S&P 500 closes at record as possible vaccine lifts markets

Nov. 13, 2020 5:19 PM EST

The S&P 500 closed at a record high on Friday as optimism built among investors that a coming vaccine for the coronavirus will help end the shutdowns that have devastated the economy. The benchmark index posted its second weekly gain in a row. Markets also welcomed the election of Joe Biden as president and...

In this Thursday, Oct. 1, 2020, photo, former San Francisco District Attorney George Gascon speaks at a Los Angeles County Democratic Party news conference outside the Staples Center in Los Angeles. Advocates for criminal justice reform who have elected a wave of progressive prosecutors nationwide captured the crown jewel as former San Francisco District Attorney George Gascon defeated Los Angeles DA Jackie Lacey, Friday, Nov. 6, 2020. (AP Photo/Damian Dovarganes)

Criminal justice reformer wins LA district attorney’s race

Nov. 6, 2020 8:27 PM EST

LOS ANGELES (AP) — Advocates for criminal justice reform who have elected a wave of progressive prosecutors nationwide captured the crown jewel Friday as former San Francisco District Attorney George Gascon defeated Los Angeles DA Jackie Lacey. The bitter race to run the nation’s largest...

FILE - This Aug. 13, 2020 file photo shows a logo for Netflix on a remote control in Portland, Ore. Netflix is raising most of its U.S. prices by 8% to 13% as its video streaming service rides a wave of rising popularity spurred by government-imposed lockdowns that corralled people at home during the fight against the pandemic.  (AP Photo/Jenny Kane, File)

Netflix raising US streaming prices amid booming growth

Oct. 30, 2020 4:41 PM EDT

SAN RAMON, Calif. (AP) — Netflix is raising most of its U.S. prices by 8% to 13% as its video streaming service rides a wave of rising popularity spurred by government-imposed lockdowns that corralled people at home during the fight against the pandemic. The increases imposed Friday boost the cost of...

FILE - In this Sept. 25, 2020 file photo, a woman shops at a clothing store in New York. The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, when the eruption of the coronavirus closed businesses and threw tens of millions out of work.  (AP Photo/Mark Lennihan, File)

Surge in virus threatens to reverse global economic rebounds

Oct. 29, 2020 2:57 PM EDT

WASHINGTON (AP) — The resurgence of coronavirus cases engulfing the United States and Europe is imperiling economic recoveries on both sides of the Atlantic as millions of individuals and businesses face the prospect of having to hunker down once again. Growing fear of an economic reversal coincided with a...

This combination photo shows Meg Whitman at The Hollywood Reporter's Women in Entertainment Breakfast Gala in Los Angeles on Dec. 11, 2019, left, and Jeffrey Katzenberg at the 26th annual Screen Actors Guild Awards in Los Angeles on Jan. 19, 2020. Katzenberg and Whitman are bringing Quibi to a phone near you with movies, shows and news served in quick bites. (AP Photo)

Short-video app Quibi shutting down just months after launch

Oct. 21, 2020 6:23 PM EDT

Short-video app Quibi said it is shutting down just six months after its early April launch, having struggled to find customers. The company said Wednesday that it would wind down its operations and plans to sell its assets. “Quibi is not succeeding," its top executives bluntly declared in a letter...

FILE - This Aug. 13, 2020  photo shows a logo for Netflix on a remote control in Portland, Ore. Netflix Inc. (NFLX) on Tuesday, Oct. 20, 2020 reported third-quarter net income of $790 million. The Los Gatos, California-based company said it had profit of $1.74 per share. (AP Photo/Jenny Kane, File)

Netflix reports a summer slump in subscriber growth

Oct. 20, 2020 6:32 PM EDT

Netflix’s subscriber growth slowed dramatically during the summer months after surging in the spring fueled by pandemic lockdowns that corralled millions of people in their homes. The summer slump came as more people sought distraction from the pandemic outdoors and major U.S. professional sports resumed...

FILE - In this Nov. 13, 2019 file photo, a Disney logo forms part of a menu for the Disney Plus movie and entertainment streaming service on a computer screen in Walpole, Mass. Disney said Monday, Oct. 12, 2020 that it is reorganizing its business units to focus even more on streaming. The company said in August that its Disney Plus service has more than 60 million subscribers, and subscribers to its main combination of streaming services — Disney Plus, ESPN Plus and Hulu — top 100 million. It still plans to launch another international streaming service called Star. (AP Photo/Steven Senne, File)

Disney reorg to further bolster company's focus on streaming

Oct. 12, 2020 6:14 PM EDT

Disney said Monday that it is reorganizing its business units to focus even more on streaming. The company said in August that its Disney Plus service has more than 60 million subscribers, and subscribers to its main combination of streaming services — Disney Plus, ESPN Plus and Hulu — top 100...

FILE - In this June 2, 2020, file photo, Los Angeles Mayor Eric Garcetti arrives to appeal to Black Lives Matter protesters in downtown Los Angeles. When Garcetti withdrew his support from District Attorney Jackie Lacey this week and endorsed her opponent, it was another blow to a campaign that has been reshaped after a summer of nationwide protests over police brutality. (AP Photo/Richard Vogel,File)

Race for Los Angeles district attorney increasingly bitter

Oct. 11, 2020 12:59 PM EDT

LOS ANGELES (AP) — After a scrappy debate that Los Angeles County District Attorney Jackie Lacey believed lifted her campaign and was a “disaster” for her opponent, she got a text message from the LA mayor with unwelcome news: He was switching his endorsement to her challenger. Eric...