Latest Netflix Inc News

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 β€” Disney Plus, ESPN Plus and Hulu β€” 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...

Texas grand jury indicts Netflix for promotion of 'Cuties'

Oct. 7, 2020 5:08 PM EDT

AUSTIN, Texas (AP) — A Texas grand jury has indicted streaming giant Netflix for promoting French film “Mignonnes,” or “Cuties,” which the court says depicts lewd visuals of children. The movie received backlash before its release because of a movie poster that went viral for...

Journalists film an electronic stock board showing reopened Japan's Nikkei 225 index at Tokyo Stock Exchange in Tokyo Friday, Oct. 2, 2020. Tokyo's market resumed trading Friday after a full-day outage due to a malfunction in its computer systems. (AP Photo/Eugene Hoshiko)

Asia shares mixed in thin holiday trading after Wall St gain

Oct. 1, 2020 10:43 PM EDT

Asian shares were mixed Friday in thin holiday trading, with markets in South Korea, Shanghai and Hong Kong closed. The Nikkei 225 index shed strong early gains to edge 0.1% higher, to 23,211.35, as the Tokyo Stock Exchange resumed trading after an all day outage Thursday due to a technical failure. Reports...

President Donald Trump talks about the Endurance all-electric pickup truck, made in Lordstown, Ohio, at the White House, Monday, Sept. 28, 2020, in Washington. (AP Photo/Evan Vucci)

Trump went even further than other uber-rich to shrink taxes

Sep. 29, 2020 3:54 PM EDT

WASHINGTON (AP) — The tax-avoidance strategies that President Donald Trump capitalized on to shrink his tax bill to essentially zero are surprisingly common among major real estate developers and other uber-wealthy Americans. Yet Trump characteristically pushed those strategies to the limit —...

This image released on Sept. 7, 2020, by Netflix shows Takayuki Yamada, left, who stars in

Netflix woos Japan with new original series about a reporter

Sep. 17, 2020 3:55 AM EDT

TOKYO (AP) — Netflix is producing and shooting an original series set in Japan about a journalist who challenges authority, hoping to woo this nation that’s hooked on watching good old TV. Good timing. The series’ heroine is based on a muckraking real-life reporter, Isoko Mochizuki, who has...

FILE - In this Aug. 5, 2020 file photo, the ViacomCBS headquarters is shown in New York's Times Square. ViacomCBS will rebrand its CBS All Access streaming service as Paramount Plus, set to debut early next year with new original shows. The exact launch date and pricing haven't been disclosed.(AP Photo/Mark Lennihan, File)

ViacomCBS to rebrand CBS All Access as Paramount Plus

Sep. 15, 2020 10:07 AM EDT

NEW YORK (AP) — ViacomCBS will rebrand its CBS All Access streaming service as Paramount Plus, set to debut early next year with new, original shows. The expanded streaming service has been in the works since February, when CEO Bob Bakish said ViacomCBS planned to add “substantial content”...

European Union's top court supports net neutrality rules

Sep. 15, 2020 7:06 AM EDT

LONDON (AP) — The European Union's highest court has given its support to the bloc's rules that stop internet providers from charging customers for preferential access to their networks. The European Court of Justice on Tuesday issued its first interpretation of the EU's net neutrality rules since they...