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Golden Rule: Netflix & Sony caught off-guard by KPop hit

KPop Demon Hunters has become a global smash hit – in spite of the low expectations of the companies behind it, writes Adam Maguire.

Business • 08 Sep

€60m tax credit for Irish based co-producers of Wednesday

The Irish-based co-production firm behind Season 2 of the global Netflix ratings phenomenon "Wednesday" has received corporation tax credits here between €20m and €60m this year.

Business • 18 Aug

Netflix has raised its revenue guidance for 2025 to $44.8 billion to $45.2 billion

'Squid Game' boosts Netflix second quarter results

The final season of global phenomenon "Squid Game" helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year.

Business • 18 Jul

Netflix said its first quarter revenue grew thanks to higher subscription and ad earnings, along with the timing of some expenses

Netflix earnings top forecasts despite economic turmoil

Netflix has reported quarterly earnings slightly better than analysts expected, saying it is staying focused on what it can control as the overall economy is roiled by US President Donald Trump's trade war.

Business • 18 Apr

Other amendments include an obligation on RTÉ to spend 25% of public funding by law on independent productions

O'Donovan: 'Netflix levy' to require ministerial approval

The so-called 'Netflix levy' will not be introduced without ministerial approval, Minister for Media Patrick O'Donovan has said.

Ireland • 11 Apr

Netflix said it decided to change the limited language availability option on TV after it received thousands of language availability requests every month.

Netflix enhances language options to attract viewers

Netflix has rolled out enhanced language options for television viewers, allowing users to select from the full list of available subtitles and dubbing languages for any title.

Business • 02 Apr

CEO Ted Sarandos said he looked forward to entering more partnerships with producers in the Latin American nation.

Netflix to invest $1 billion in Mexico over 4 years

The chief executive of streaming giant Netflix has announced a $1 billion investment to produce films and TV series in Mexico over the next four years.

Business • 20 Feb

Netflix's global subscriber base now exceeds 300 million, giving it a commanding lead in the streaming wars.

Netflix shares hit record on strong subscriber growth

Netflix said it added nearly 19 million subscribers during Christmas to finish out last year with more than 300 million subscribers.

Business • 22 Jan

David Beckham Brands - which is 55% owned by US consumer giant Authentic Brands Group and 45% by the former England captain - saw sales improve in 2023

David Beckham nets £28m on Netflix documentary bounce

David Beckham has raked in more than £28m of payouts from his media, fashion and sports empire after it was boosted by his Netflix documentary with wife Victoria.

Business • 30 Dec 24

The Grinch was a huge hit upon its release in 2018 - and has already become a Christmas classic for many people

Frosted Flicks: The billions made from Christmas movies

Like Christmas music, having a hit festive film can be a guaranteed money-spinner for decades to come, writes Adam Maguire.

Business • 19 Dec 24

Streaming giant Netflix said it is experiencing a faster rate of adoption for its ad-based plan as customers seek more affordable options

Netflix's ad-supported tier hits 70 million users

Netflix said today that its ad-supported tier now has 70 million monthly active users globally, nearly doubling the number reported earlier this year.

Business • 12 Nov 24

Investigators searched the offices of Netflix in France and the Netherlands as part of a preliminary investigation into tax fraud laundering, a source has said

Tax fraud investigators search Netflix offices in Europe

Investigators searched the offices of US streaming giant Netflix in France and the Netherlands as part of a preliminary investigation into tax fraud laundering, a French judicial source said today.

Business • 05 Nov 24

Netflix has won the streaming wars - but it still has lots of challenges

Stream of the Crop: The new challenges facing Netflix

Netflix has won the streaming wars – but it still faces plenty of challenges, many of them self-inflicted, writes Adam Maguire.

Business • 25 Oct 24

Shares of Netflix rose 4.8% in after-hours trading last night after its earnings report

Netflix tops subscriber targets as ad-tier signups grow

Netflix picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million, and said it expected higher customer growth around Christmas when Korean drama "Squid Game" returns.

Business • 18 Oct 24

Netflix ended September with 282.7 million subscribers

Netflix adds millions of subscribers but growth slows

Netflix has said that it added more than five million subscribers in the third quarter of this year but signalled slowing growth.

Business • 17 Oct 24

Netflix said it ended the April-to-June period with a total of 277.7 million subscribers

Netflix wins subscribers as ad strategy pays off

Netflix said it added eight million new subscribers in the second quarter, as the home of hit shows "The Crown" and "Bridgerton" posted its latest financial earnings that exceeded analyst expectations.

Business • 19 Jul 24

Baby Reindeer is the top show on Netflix at the moment

Watch: Irish stalking expert on Baby Reindeer phenomenon

One month after its release, Netflix's true crime drama 'Baby Reindeer' has become a pop culture phenomenon and is already on track to become one of the streaming service's top ten most-watched shows of all time.

Ireland • 12 May 24

Netflix is to stop disclosing subscriber additions each quarter starting with the first quarter of 2025

Netflix to stop reporting subscriber numbers

Netflix has unexpectedly announced that it will stop reporting subscriber numbers each quarter, a decision seen as a sign that years of customer gains in the streaming wars are coming to an end.

Business • 22 Apr 24

The streaming pioneer saw its strongest growth since the pandemic in the second half of 2023

Five things to look out for in Netflix's earnings

Netflix's plan to maintain subscriber growth after two quarters of blockbuster increases will be in focus when it reports earnings tomorrow, with some analysts warning that gains from a crackdown on password sharing are set to ease.

Business • 17 Apr 24

At the start of the streaming boom, companies focused on pumping money into creating swathes of content to draw and retain subscribers.

Streaming subscriber growth in US halved last year

Streaming subscriber growth in the United States has halved in 2023, data from research firm Antenna showed, a sign that the boom might be over for the industry in its key market.

Business • 27 Feb 24

Netflix said it added 13.1 million subscribers in the December quarter, its largest-ever fourth-quarter subscriber growth

Netflix hits fourth quarter subscriber record

Netflix blew past Wall Street subscriber estimates in the fourth quarter, driven by a strong slate of shows that included the final season of the long-running royal drama "The Crown" and David Fincher's original film "The Killer."

Business • 24 Jan 24

Almost 9 million subscribers joined Netflix around the globe in the third quarter of this year

Netflix raises prices and adds subscribers

Netflix increased subscription prices for some streaming plans in the US, Britain and France as it shattered expectations for new customers, sending its shares surging 13%.

Business • 19 Oct 23

Overall, Wall Street expects the streamer to post its strongest quarterly subscriber additions this year.

Netflix's password crackdown boosts subscriber numbers

Netflix's crackdown on password-sharing likely boosted subscribers by about 6 million in the third quarter and the streaming pioneer is expected to set the stage for price increases when it reports earnings on Wednesday.

Business • 16 Oct 23

Air - the story of Nike's deal with a young Michael Jordon - is just one of a wave of business-themed films to be released in the past year

Movie, business: The new wave of films about firms

The business world has long been a rich source of material for Hollywood, with even seemingly obscure stories telling us something about the human condition, writes Adam Maguire.

Business • 23 Aug 23

Netflix has been looking for new ways to make money as streaming competition intensifies and it nears market saturation in the US

Netflix quarterly revenue misses forecasts, shares fall

Streaming video pioneer Netflix disappointed Wall Street last night with second-quarter revenue that fell short of analyst estimates, sending shares tumbling nearly 9% in after-hours trading.

Business • 20 Jul 23