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Striking Hollywood actors have joined film and television writers on picket lines, forcing US studios to shutter productions

Netflix shielded from Hollywood strike by global crew

Netflix investors will assess risks from the ongoing strike in Hollywood when the company reports quarterly results on Wednesday, but analysts said it was well positioned due to its solid pipeline of shows and international production crew.

Business • 17 Jul 23

We're taking a look at the true cost of streaming services, and the top five ways to save some cash.

From Netflix to Disney+: The true cost of streaming

You're probably spending more on video streaming services than you think - much more.

Business • 15 Jul 23

South Korea has created some of the Californian company's biggest shows

Netflix: Korean investment won't exploit local talent

Netflix co-CEO Ted Sarandos pledged today that its bumper investment in South Korean content would not bypass young local talent, after calls by some lawmakers for the streaming giant to share more profits with creators.

Business • 22 Jun 23

The entertainment industry achieved global fame through hits such as "Squid Game"

'Netflix Effect' lifts Korean content but worries grow

When Netflix co-CEO Ted Sarandos visits South Korea this week he will find an entertainment industry that has achieved global fame through hits such as "Squid Game" and "The Glory", but also growing worries about the service's effects on the local market.

Business • 20 Jun 23

Brown Bag makes a number of popular children's cartoons for Disney, Netflix and Apple

Profits fall at Doc McStuffins-maker Brown Bag Films

Pre-tax profits at the business that operates multi-award winning animation studio, Brown Bag Films, last year more than halved to €2.42m.

Business • 12 Jun 23

The news sent shares of the company up 2.3% to $418.92 in early trading.

US Netflix sign-ups jump amid password crackdown

Daily US sign-ups for Netflix have jumped in the first few days after the streaming giant's password-sharing crackdown came into effect on May 23, data from research firm Antenna showed.

Business • 09 Jun 23

Netflix Executive Chairman Reed Hastings is set to receive a $500,000 salary and $2.5m in stock this year

Netflix shareholders withhold support for bosses pay

Netflix shareholders have withheld their support for the company's executive pay package, in a non-binding vote that followed a call by striking Hollywood writers to reject the proposed 2023 compensation.

Business • 02 Jun 23

Netflix serves as a bellwether for the streaming industry, in which growth has slowed as competition has intensified

Netflix reports mixed earnings for first quarter

Netflix beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast last night, demonstrating the challenges the mature streaming service faces in its pursuit of growth.

Business • 19 Apr 23

A local office would make Netflix the first major US tech firm with a direct presence in the fast-growing Southeast Asian country of 100 million

Netflix making preparations to open Vietnam office

US streaming giant Netflix is making preparations to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment, two sources with knowledge of the matter said.

Business • 24 Feb 23

Netflix co-founder and CEO Reed Hastings to step down

Netflix co-founder Hastings steps down as CEO

Netflix co-founder Reed Hastings has stepped down as chief executive of the company that upended Hollywood by delivering movies and TV shows online.

Business • 20 Jan 23

Netflix has forecast it would pick up 4.5 million customers in the fourth quarter of this year

Netflix targets TV ad market as next sector to disrupt

Netflix upended the global entertainment industry about a dozen years ago with a streaming video service that rendered network television programming schedules and movie screening times all but irrelevant.

Business • 19 Oct 22

Snap said it will focus on improving sales and the number of Snapchat users

Snap to cut 20% of staff and cancel some projects

Snap has said it will lay off 20% of all staff and shut down projects, including mobile games and novelties like a flying drone camera, as high inflation and a deteriorating economy ravage the advertising industry.

Business • 01 Sep 22

Disney in 2017 staked its future on building a streaming service to rival Netflix as audiences moved to online viewing

Disney tops Netflix on streaming subscribers

Walt Disney has edged past Netflix with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials.

Business • 11 Aug 22

Netflix is to launch an ad-supported option next year

Netflix loses 1m subscribers, but shares rise

Netflix averted its own worst-case scenario of subscriber losses, posting a nearly 1 million drop from April through June, and predicted it would return to customer growth during the third quarter.

Business • 20 Jul 22

Netflix is aiming to plug slowing subscriber growth by rolling out a cheaper subscription plan

Netflix picks Microsoft for ad-supported subs plan

Netflix has selected Microsoft as its technology and sales partner for its planned ad-supported subscription offering, as the streaming giant looks to plug slowing subscriber growth by rolling out a cheaper plan.

Business • 14 Jul 22

Some PayPal staffers only learned about the cuts through the media (File pic: RollingNews.ie)

Will other tech firms follow PayPal and cut Irish jobs?

At 10am on Tuesday, some staff at PayPal's offices in Blanchardstown and Dundalk were called at short notice to a meeting. There they were given the grim news that over 300 of them would be losing their jobs come July 12th. But will other tech firms follow PayPal's lead?

Business • 29 May 22

Netflix's 26% tumble after the bell erased about $40 billion of its stock market value

Netflix shares tumble after fall in subscribers

Netflix said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted more contraction ahead, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic.

Business • 20 Apr 22

Netflix could lose about a million subscribers due to its Russia exit, analysts have indicated

Netflix expected to report slow revenue growth

Netflix is expected to report its slowest quarterly revenue growth in nearly eight years today, but the focus will be on its forecast in the run-up to new seasons of popular titles including "Stranger Things" and "Ozark".

Business • 19 Apr 22

Netflix said in March that it suspended its service in Russia

Russian Netflix users sue streaming giant

Russian users of Netflix have launched a class action lawsuit against the streaming giant for leaving the Russian market, demanding 60 million roubles ($726,000) in compensation, the RIA news agency reported today.

Business • 13 Apr 22

Netflix has suspended its service in Russia

Netflix, KPMG, PwC, AMEX sever ties with Russia

Netflix, a global streaming entertainment service, top accounting firms KPMG and PwC and financial services firm American Express are among the latest companies to cut ties with Russia as that country's conflict with Ukraine escalated.

Business • 07 Mar 22

The easing of restrictions is reflected in the markets

Lifting restrictions is bad for business for some firms

Companies which enjoyed a boom in business over the last two years, are the firms now experiencing a slowdown in growth as economies reopen and restrictions ease.

Business • 30 Jan 22

Netflix is projecting that it will add 2.5 million customers from January to March this year

Netflix plunges as US stocks open lower again

Netflix shares dove more than 20% Friday following a disappointing forecast for subscriber growth for the streaming service, as US stocks retreated again at the start of the final session of a bruising week.

Business • 21 Jan 22

Ridley Scott's The Last Duel was filming in Ireland during the initial Covid-19 lockdown, leading star Matt Damon to stay in Dalkey for an extended period of time

Film & TV projects received €137.1m in credits in 2021

Matt Damon's The Last Duel was one of the big winners in securing movie tax relief from the Revenue Commissioners last year.

Business • 18 Jan 22

Netflix said a 'mind-boggling' 142 million households had watched Squid Games

Global 'Squid Game' mania lifts Netflix in 3rd quarter

Netflix's global sensation "Squid Game" helped lure more new customers than expected, the world's largest streaming service said as it predicted a packed lineup would further boost signups through the end of the year.

Business • 20 Oct 21

Disney Chief Executive Officer Bob Chapek last month hinted at a slowdown in Disney+

Disney+ magic fades: Barclays downgrades Disney

Walt Disney's stock received a rare Wall Street downgrade on Monday, as Barclays called for bold changes from the media giant to reverse slowing growth at its Disney+ streaming service.

Business • 18 Oct 21