|Bid||0.00 x 900|
|Ask||0.00 x 1100|
|Day's range||384.90 - 392.92|
|52-week range||252.28 - 392.95|
|Beta (5Y monthly)||1.48|
|PE ratio (TTM)||93.51|
|Earnings date||13 Apr 2020 - 19 Apr 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||364.84|
Netflix announced today that it has acquired "Don't Look Up," a comedy written and directed by Adam McKay, with Jennifer Lawrence attached to star. Netflix has an aggressive timeline in place, with shooting scheduled to start in April, followed by a planned release later this year. While McKay started his career as a "Saturday Night Live" writer and then the director of Will Ferrell comedies like "Anchorman" (he and Ferrell also co-founded Funny or Die), the focus of his recent work has shifted to business and politics.
Hastings co-wrote "No Rules Rules: Netflix and the Culture of Reinvention" with Erin Meyer, the author of "The Culture Map", detailing how company culture transformed Netflix from a U.S. DVD service to a global streaming pioneer, according to a press release. The book is expected to hit shelves on May 12 and details Hastings' corporate philosophy and set of management principles, as well as stories from his own career.
We break down Roku's Q4 2019 financial results. And see what to expect from the streaming TV firm to decide if investors should consider buying Roku stock on the dip, with Disney, Netflix, and others all set to expand their customer base?
The U.S. government has never been a model of consistency but lately the inconsistencies—foolish and otherwise—emerging from Washington directed at the tech industry have become truly mind-blowing.
French media conglomerate Vivendi said on Thursday it planned to list its most-prized asset, Universal Music Group, by early 2023 at the latest. Vivendi, controlled by billionaire Vincent Bollore, said Universal yielded record profits in 2019, with earnings before interest, tax and amortisation jumping by 22% at constant currency and perimeter from a year earlier to 1.12 billion euros ($1.21 billion).
As the streaming battles heat up, Netflix is hoping a new partnership with Samsung will help it fend off rivals. At Samsung's Unpacked event this week, the mobile device maker announced a deal with Netflix that will bring to its Galaxy smartphones special bonus content associated with several Netflix original shows. The partnership also allows Netflix to more deeply integrate its streaming service with Samsung devices.
Netflix is looking to get young adults hooked on its service by making its popular teenage rom-com, "To All the Boys I've Loved Before," available to stream for free to everyone in the U.S., including non-subscribers. This isn't the first time Netflix has offered free streaming -- it teased Brits last year by offering an episode of "The Crown" for free, and has run similar tests in markets like India and parts of South America. The offer of a free Netflix movie comes at a critical time for the service.
Streaming services like Netflix or Hulu account for 19% of television viewing in the United States now for people who have that capacity, virtually double what it was less than two years ago, a report out Wednesday said. A Nielsen company study illustrated how quickly consumers have embraced streaming as an alternative to live TV. More than half of consumers with the capacity to stream subscribe to two or more services, Nielsen found.
Alibaba, NETGEAR, Netflix, The Walt Disney Company and Sony highlighted as Zacks Bull and Bear of the Day
This week, Bong Joon-ho’s Parasite, a South Korean masterpiece, became the first foreign language film to earn the industry’s top prize. Parasite is a bellwether of an arguably greater change, propelled by translation algorithms and an unsustainable war among rival TV streaming services. Each media earnings announcement from Hollywood and Silicon Valley highlights the ferocious competition among Disney+, Hulu, Alphabet’s YouTube TV and AT&T’s WarnerMedia; the investment needed to compete with Netflix (167m global subscribers) and Amazon Prime (150m subscribers) also becomes evident.
Can't afford Netflix and HBO and Spotify and Disney+? It's called Jam, and the questionably legal service launched in private beta this morning. In his first interview about Jam, founder John Backus tells TechCrunch it will let users save login details with local encryption, add friends you can then authorize to access your password for a chosen service and broadcast to friends which of your subscriptions have room for people to piggyback on.
Netflix’s prized Martin Scorsese-directed crime drama “The Irishman” went from being the platform’s strongest award show contender to ending the night with zero recognition.
China's BYD is embracing what Fuyao, the subject of Oscar-winning documentary "American Factory," resists.
An Oscar win can mean millions for an actor’s bank account with stars on average receiving an additional 60% boost in pay, according to Money Nation.
Parasite, the low-budget Korean thriller directed by Bong Joon-ho, swept the biggest prizes at the 92nd Academy Awards, making history for a non-English language film. At the movie industry’s biggest night, Mr Bong said he would “drink until next morning” as he accepted Best Picture, the most coveted award, beating films by Hollywood establishment figures Martin Scorsese and Quentin Tarantino and the might of technology giants such as Netflix. In more than nine decades of the Academy Awards, no movie in a language other than English has ever won the big prize, Best Picture.
Although Netflix received 24 nominations (the most of any studio) at this year's Oscars, its films only ended up winning two awards. Laura Dern was named Best Actress in a Supporting Role for playing Nora, a flashy divorce attorney in "Marriage Story" — the only award that "Marriage Story" won from its six nominations. Netflix's only other Oscar for the evening was for "American Factory," which won the award for Best Documentary Feature.
"Miss Americana," a new Netflix documentary about Taylor Swift, is worth watching if you go in with the right expectations. Darrell was the holdout; he didn't hate the movie or think it was poorly made, but he's much more skeptical about celebrity culture in general and argues that everyone would be better off ignoring celebrities altogether. Instead, we admit to a guarded admiration for Swift and her music, and we enjoyed "Miss Americana" as a window into Swift's world.
The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. Netflix's autoplay trailers are now optional. Instagram confirmed to TechCrunch that it has internally prototyped an Instagram Partner Program that would let creators earn money by showing advertisements along with their videos.