Netflix ( NFLX 9.69%) was one of the best stocks of the 2010s. After an initial misstep with Qwikster, Netflix successfully transitioned from a DVD-by-mail business to a streaming one and delivered phenomenal growth over the decade as it expanded around the world and made streaming mainstream.
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Netflix has posted astonishingly strong earnings after raising prices. That signals to Disney that the industry as a whole is healthy.
Netflix is now worth more than the combined market capitalizations of the owners of the four U.S. broadcast channels.
Disney+ added 4.4 million core subscribers last quarter, excluding the lower-priced Disney+ Hotstar service in India.
The standard monthly subscription without advertisements will climb from $15.49 to $17.99, and a standard monthly subscription with ads will increase one dollar to $7.99, Netflix said.
Netflix announced Tuesday it will raise prices on most of its subscription tiers in the US and Canada after the streaming giant reported 19 million new subscribers in the last quarter of 2024.
The streamer ends subscriber reporting with blowout numbers and a price hike, but its record market value sets a high bar going forward.
Netflix will kick-start media and tech earnings season Tuesday, reporting what are projected to be stellar subscriber numbers.
Walt Disney will soon be a majority owner of sports-focused streaming television brand FuboTV. The agreement, however, subtly but significantly favors Walt Disney by virtue of offering it an array of future options.
(Reuters) -Netflix shares soared in premarket trading on Wednesday after the company reported a blockbuster holiday quarter as a robust content line-up and its entry into live sports streaming brought in a record number of new subscribers.
The company raised subscription prices across most plans in the U.S. and several other markets. It added 19 million subscribers in the fourth quarter of last year.