Shareholder Sues Netflix For Violating Securities Law As Weak Subscriber Growth Tanked Stock

Netflix employees should leave the company if they take issue with its programming, the streaming giant has said in an internal memo obtained ahead of its publication this week.Within the platform’s ‘Artistic Expression’ section of its corporate culture memo, which was due to be shared publicly on Thursday (May 19) although was obtained in advance by Variety, employees are advised that they should leave the company if they’re offended by the streamer’s “content breadth”.The anti-censorship drive comes months after Netflix aired Dave Chappelle’s controversial stand-up special The Closer, which prompted LGBTQ+ employees and supporters to walk out in protest over his transphobic and homophobic jokes.At the time Netflix co-CEO Ted Sarandos defended Chappelle, saying: “We don’t allow Netflix titles that are designed to incite hate or violence, and we don’t believe The Closer crosses that line.”Now, the ‘Artistic Expression’ of Netflix’s updated memo states: “Not everyone will like — or agree with — everything on our service.“While every title is different, we approach them based on the same set of principles: we support the artistic expression of the creators we choose to work with; we program for a diversity of audiences and tastes; and we let viewers decide what’s appropriate for them, versus having Netflix censor specific artists or voices.”The section concludes that employees’ “personal values” about what they consider “harmful” will not be taken into consideration.It continued: “As employees we support the principle that Netflix offers a diversity of stories, even if we find some titles counter to our own personal values. Depending on your role, you may need to work on titles you perceive to be harmful.

Netflix has a message for all of its employees who may not agree with the content it is making…

walk out in protest over his anti-trans and homophobic jokes. At the time, Netflix co-CEO Ted Sarandos sided with Chappelle and now he’s doubled down by telling employees that if anyone is going anywhere, it should be them.As various outlets have reported, the Netflix Culture memo includes a new section called “Artistic Expression,” which declares the streamer will not “censor specific artists or voices” even if employees consider the content “harmful.” “Not everyone will like — or agree with — everything on our service,” the Artistic Expression section states.

wokeworkers to bed. In light of internal dissension triggered by productions like Dave Chappelle’s chaotically controversial stand-up special, Netflix has reportedly issued a shady missive to its disgruntled staffers, underscoring that the streaming behemoth values the “artistic expression” of its content creators over each employee’s personal thoughts, beliefs and lifestyles. And any worker who doesn’t like it can ’Flix off. “As employees we support the principle that Netflix offers a diversity of stories, even if we find some titles counter to our own personal values,” read the memo, titled “Netflix Culture — Seeking Excellence.”“Depending on your role, you may need to work on titles you perceive to be harmful,” the communiqué continued.

Netflix’s fabled “culture deck,” which over the years has taken on the importance of the Magna Carta in tech and business circles, has gotten some updates reflecting the streaming giant’s current circumstances.

Todd Spangler NY Digital EditorNetflix loves to tout its culture of avoiding rules and minimizing corporate red tape. But of course, the company does have operating guidelines, famously detailed in the Netflix Culture document posted on its website.

ad-supported tier as soon as the end of 2022, according to a note to employees obtained by the New York Times.That’s also when Netflix plans to begin cracking down on password sharing, the newspaper reported Tuesday. Both the crackdown on password sharing as well as the ad-supported tier were ideas that the streamer had already floated in response to the Q1 loss of 200,000 subscribers that the company reported last month.

Netflix is intensifying its surprisingly sudden embrace of advertising, signaling to employees that it may roll out a cheaper, ad-supported tier of its streaming service by the end of 2022.

Todd Spangler NY Digital EditorNetflix may dive into the ad-supported VOD space as soon as the fourth quarter of 2022 — sooner than it originally signaled.Last month, as Netflix reported an unexpected drop in streaming subscribers in Q1 and forecast a 2 million sub loss for the second quarter, the company announced plans to roll out a lower-cost version of its streaming service with ads. Co-CEO Reed Hastings told investors at the time that Netflix would “figure out” the AVOD strategy “over the next year or two.”The company has evidently accelerated that timeline: Netflix informed employees of a Q4 target date for the ad-supported tier in a recent memo, the New York Times reported, citing two anonymous sources.

Lionsgate CEO Jon Feltheimer believes Netflix still has a “tremendous business,” but they “didn’t pivot quite quickly enough” as their subscriber momentum stalled.

Nick Vivarelli International CorrespondentReed Hastings made the trek to Rome to open Netflix’s new Italian headquarters in an elegant building just off the Via Veneto of “La Dolce Vita” fame — and the Roman rain gods made sure they knew he was there.Menacing dark clouds interspersed with flashes of sunlight had hovered over the hour-long outdoor presentation of a rich slate of Netflix Italian originals, headlined by a high-end series adaptation of classic Italian novel “The Leopard.” Yet the weather had somehow held up.Right until, that is, a minute after Hastings took the stage.“To start [in Italy] with this facility, with all the creators that we have today, is such an honor, especially as I feel the first drop of rain,” said Netflix’s founder and co-CEO. As it gradually began to pour, Hastings reminisced about the fact that 20 years ago, when his wife and children moved to Rome while he remained in the U.S.

Netflix has opened an office in Italy and unveiled a huge slate of scripted and unscripted series and films from many of the country’s biggest producers, with Co-CEO Reed Hastings detailing the streamer’s roots in the nation.

Nick Vivarelli International CorrespondentNetflix on Friday officially opened its Italian base in Rome, in a classy neoclassical building near the iconic Via Veneto, and announced a substantial slate of originals that stand as testament to what co-CEO Reed Hastings called the streaming giant’s “growing business in Italy.”“The breadth and variety of our Italian slate perfectly represents our ambitions,” said Hastings, who took the stage at the presentation’s conclusion. Hastings took the opportunity to note how pleased he is that Paolo Sorrentino’s “The Hand of God,” which Netflix produced, scooped top honors at Italy’s David di Donatello Awards, the country’s top film prizes, earlier this week.Netflix’s new Italian slate is headlined by a high-end English-language series adaptation of “The Leopard,” the classic Sicily-set novel by Giuseppe Tomasi di Lampedusa.

Matt Blank, interim CEO of AMC Networks, said the company has “no plans” for ad-supported tiers of its family of targeted streaming services including Shudder, Acorn TV and AMC+.

After Dave Chappelle was knocked to the ground during his Netflix Is a Joke festival set, his attacker has since been identified and arrested.

Dave Chappelle was attacked on stage after a person interrupted his performance at the Netflix Is a Joke festival in Los Angeles.

Dave Chappelle has been attacked by a man during a Netflix stand-up show at the Hollywood Bowl.Footage has surfaced online from last night’s show (May 3) which appears to show a man charging and tackling the comedian.The man was then said to have been dragged away by security, according to The Hollywood Reporter.Following the incident at the Netflix Is A Joke festival, Chappelle regained his composure and joked that “it was a trans man” in reference to the backlash last year over his stand-up special The Closer, where he described himself as “team TERF” as he spoke on the controversy surrounding J.K. Rowling.Dave Chappelle just got attacked on stage pic.twitter.com/E4gAfmkPgQ— Hoodville (@Hoodville_) May 4, 2022Here is a video of the aftermath.

Space Force has been cancelled by Netflix after two seasons.The streaming platform announced that the Steve Carell-led comedy series, which he co-created with The Office showrunner Greg Daniels, will not be returning for a third run of episodes.This comes just two and a half months after the release of the second season, which has received middling to negative reviews from critics.A parody of ex-president Donald Trump’s genuine desire to establish a Space Force as the sixth branch of the US military, Space Force centres on the everyday failings and absurd antics of General Mark R. Naird (Carell) and his team as they launch various space-related operations.Alongside Carell, the show starred John Malkovich, Ben Schwartz, Tawny Newsome, Jimmy O.

Netflix subscribers in the UK share passwords between friends and family, according to research.As reported by research firm Digital i (via the Guardian), it’s estimated at least 27 per cent of Netflix’s 14.9million subscribers in the UK, over four million accounts, share their accounts with other households. It’s believed the real figure, however, could be higher.Ali Vahdati, Digital i chief executive, said: “Our estimates came from analysing account activity, and we corroborated this with various other sources.