Continuing a strategic shift that dates back to 2021, NBCUniversal streaming service Peacock is no longer letting new subscribers sign up for its free, basic tier.
20.01.2023 - 18:29 / theplaylist.net
Interesting news on the streaming front: Netflix reported its Q4 2022 earnings yesterday, and the platform outperformed its goal for new subscribers to close out the year. Variety reports that the numbers exceed Netflix’s target of 4.5 million additions with 7.66 new subscribers.
This comes after Netflix already reported 2.41 net new subscribers for Q3 last year. That equates to a 4% year-by-year growth in total subscriptions to close out 2022.
Continuing a strategic shift that dates back to 2021, NBCUniversal streaming service Peacock is no longer letting new subscribers sign up for its free, basic tier.
EGOT winner Rita Moreno will receive the Casting Society’s career honor, the Lynn Stalmaster Award, at the 36th annual Artios Awards next month. The org also has set Yvette Nicole Brown to host the ceremony on March 9 at the Beverly Hilton.
The Oscar nominations this week set off a new round of speculation about corporate image: Does it matter that Netflix’s potential Oscar take had dropped to 16 from 36 in 2020?
Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff atop its executive ranks.
Ted Sarandos addressed Netflix’s limited theatrical release of Glass Onion: A Knives Out Mystery during the streamer’s Q4 earnings call on Thursday, echoing executive chairman Reed Hastings‘ previous remarks that releasing the film in theaters was meant more as a promotional tactic for the streamer.
Newly minted Netflix Co-CEO Greg Peters and Ted Sarandos, who has held that title since 2020, say no major strategic shifts are in the immediate offing after Reed Hastings passed them the leadership baton.
Netflix beat forecasts for subscriber gains for the fourth quarter and also edged revenue estimates, but pressure on earnings per share reflected broader challenges in the streaming business.
Netflix has a new Co-CEO.
EXCLUSIVE: Some were expecting Netflix to curb their acquisitions here in Park City, but, as we told you earlier this morning, never count them out of the Sundance marketplace. Before its premiere in the midnight section tonight, the Reed Hastings-Ted Sarandos-run streamer has scooped up a majority of global rights on the Australian horror movie, Run Rabbit Run, starring 2x Emmy nominated Succession actress Sarah Snook. XYZ Films, which co-funded the film, brokered the deal with Netflix on behalf of the filmmakers.
Netflix co-founder Reed Hastings has given $20 million to Minerva University, a school focused on educating what it describes as “new generations of wise leaders and purpose-driven entrepreneurs” from dozens of countries.