Prince Harry is going on the TV interview circuit and opening up about his estranged relationship with the royal family.
Netflix, Disney, WBD Shares Dive With Broader Market As Slow Retail Sales, High Interest Rates Fuel Recession Fears
15.12.2022 - 22:51 / deadline.com
Media and entertainment stocks led by Netflix were among big losers Thursday as economic data and the latest Fed move has investors panicking about an imminent recession. Netflix in particular — off nearly 10% — was knocked by a report that its ad-supported tier is having a tough debut.
The DJIA is currently down 910 points, or 2.68%. The Nasdaq is off by 3.4% and the S&P 500 by 2.8%.
Digiday reported Netflix is falling short of viewership guarantees it made to advertisers and allowing them to take their money back for ads yet to run. Netflix doesn’t use traditional make-goods, which shift advertising cash into future promos, it says, but in some cases only requires marketers to pay for viewers they actually reach.
In a comment to Deadline, a Netflix spokesperson said: “While it’s still very early days for our ad supported tier, we’re pleased with the successful launch and the member engagement on the Basic with Ads plan, as well as the eagerness of advertisers to partner at the outset.”
Analysts tend to agree. “It’s not a surprise,” said Tim Nollen of Macquarie Research in a note today, “given how little Netflix has promoted the tier and, hence, converted subs.”
Netflix launched its ad-tier in early November. Disney+ with ads debuted last week even as executives across media began warning of a slow advertising climate. That’s largely the result of six consecutive interest rate hikes by the U.S. Federal Reserve since March, the latest a hefty 0.5% increase announced yesterday, combined with high inflation.
The Fed uses rate increases to slow the economy and tamp inflation, which reached its highest level in 40 years in 2022 as consumer spending, supply chain disruptions and other factors boosted demand and prices.
Dat
The website celebfans.org is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Popular Celebs
Popular Tags
theplaylist.net
02.01.2023 / 20:25
Hugh Grant Talks ‘Glass Onion’ Cameo & Joining ‘Knives Out’ Franchise: “I’m Married To James Bond”
Over the holidays, Netflix gave the gift of a new “Knives Out” film to its subscribers, titled “Glass Onion: A Knives Out Mystery.” With the film seemingly doing really great numbers for the streaming service, more and more folks are seeing how the world of Benoit Blanc (Daniel Craig) is being expanded on, including revealing a bit about the famed investigator’s personal life.
deadline.com
02.01.2023 / 05:17
Hugh Grant Says He’s “Married To James Bond” In ‘Knives Out’ Sequel
The cat is out of the bag and Knives Out fans got a glimpse into the mysterious life of Daniel Craig’s Benoit Blanc in Rian Johnson’s Glass Onion: A Knives Out Mystery.
deadline.com
30.12.2022 / 00:21
Netflix, Warner Bros Discovery, AMC Networks Among Top Media And Tech Gainers In Stock Market’s ‘Santa Claus Rally’
Shares in Netflix, Warner Bros Discovery and AMC Networks were among the top gainers in a so-called “Santa Claus rally” at the end of a rough year for media and tech stocks.
deadline.com
25.12.2022 / 19:23
Chris Rock Live: Netflix Reveals Plans For Streaming Stand-Up First
Netflix has unveiled plans for its first move into live streaming.
usmagazine.com
20.12.2022 / 01:01
Diane von Furstenberg Wishes Meghan Markle and Princess Kate ‘Peace’ as She Shares Pic of Them in Same Dress
Despite their differences, Meghan Markle and Princess Kate share some similarities. Years ago, the sisters-in-law wore the same dress.
deadline.com
19.12.2022 / 22:21
‘The Border’: Josué Guerra Joins FX Pilot As Series Regular
EXCLUSIVE: Josué Guerra (Somos) has been cast as a series regular opposite E.J. Bonilla in FX pilot The Border, a drama based on the third book in Don Winslow’s bestselling Cartel Trilogy, from Daniel Zelman, (Damages, Bloodline), Shane Salerno (Salinger, Avatar) sequels and FX Productions.
dailyrecord.co.uk
17.12.2022 / 15:45
Princess Diana's brother breaks silence amid bombshell Harry and Meghan documentary
The brother of Princess Diana, Charles Spencer, has shared his first Instagram post following the final instalment of Harry and Meghan's Netflix series.
usmagazine.com
15.12.2022 / 23:51
Meghan Markle Reveals Diary Entries From 1st Pregnancy With Archie, Shares Never-Before-Seen Baby Bump Pics
Excited for their little one! Meghan Markle opened up about her first pregnancy before welcoming son Archie with Prince Harry in 2019.
dailyrecord.co.uk
15.12.2022 / 14:03
Harry and Meghan 'blocked' from seeing Queen as private phone call details shared
Prince Harry has shared an insight into a private phone call he once had with the Queen, regarding his wishes to leave the royal family.
usmagazine.com
14.12.2022 / 23:49
Meghan Markle’s Former Friend Jessica Mulroney Shares Cryptic Quote After Not Appearing in ‘Harry & Meghan’ Volume 1
The royal drama continues. Meghan Markle’s former friend Jessica Mulroney shared a cryptic quote after she didn’t appear in volume 1 of the Sussex’s tell-all docuseries, Meghan & Harry.
usmagazine.com
14.12.2022 / 01:41
Prince Harry and Meghan Markle’s Daughter Lili Wears Big Brother Archie’s Hat in Netflix Docuseries
Sharing is caring! During an episode of Prince Harry and Meghan Markle’s Netflix series, Harry & Meghan, baby Lilibet was shown wearing a cute hat that once belonged to her big brother, Archie.
deadline.com
09.12.2022 / 21:49
‘Harry & Meghan’ Scores Netflix’s Highest UK Ratings Of The Year
Harry & Meghan has become Netflix’s biggest show of the year in the UK after it dropped in a blaze of publicity on Thursday morning.