Netflix missed its subscriber forecast in the US and Canada. Despite that, the streamer beat its overseas estimate of 7 million by adding 8.33 million.
Netflix continues to publicize unsubstantiated claims that its original films and shows outperform third-party content contrary to all independent research.
Heavyweights Disney and Apple are offering free introductory offers to gain a head start over rivals. Select Verizon subscribers in the United States will get free access to Disney+ for a year.
Although Netflix remains committed to producing original content, it is preparing to license more content from independent producers and distributors.
AT&T’s WarnerMedia released details about its forthcoming streaming service HBO Max, which will officially launch in May 2020. The service will cost $14.99 a month, the same cost as HBO’s flagship service.
Never known for adapting to changing markets, European companies are now forced to forge alliances in hopes of staying relevant after the well-timed onslaught of Netflix in Europe.
As of September 30th, Netflix has over 158 million total subscribers – 60.6 million at home and 97.7 million around the world.
Netflix missed its quarterly subscriber forecast for the second consecutive quarter in a row. The company’s slowdown ahead of the introduction of several new subscription services is a troubling sign.
Disney will ban all advertisements from Netflix across all of Disney’s entertainment platforms, including its television networks.
Netflix signed a five-year deal with Sony Pictures Television worth $500 million to become the exclusive worldwide streamer for Seinfeld.