Alan Wolk: Can media companies thrive on streaming alone?
While media companies are pushing hard into the streaming arena, they’re still generating revenue from a dying industry: Cable and satellite.
Netflix ($NFLX) is an international, subscription-based television and movie service based in Los Gatos, California. The company operates a global streaming service with thousands of TV shows and movies, including some originals, as well as a direct-to-home DVD rental service. As of January 2023, the company had over 231 million subscribers worldwide.
While media companies are pushing hard into the streaming arena, they’re still generating revenue from a dying industry: Cable and satellite.
Comedian Chris Rock will headline Netflix’s first live-streamed event early next year.
A member of Netflix’s board of directors is resigning less than four years into his tenure, according to reports.
Netflix says it added 2.4 million global subscribers during its most-recent financial quarter, erasing its first-half losses.
Streaming service Netflix says it will roll out a cheaper subscription plan that is supported by advertisements in early November.
New research released by Omdia says most global Netflix customers will use the ad-supported version of the service by 2027.
Netflix is weighing the possibility of launching an ad-supported version of its streaming service as early as November.
A new survey revealed customers are happier with ad-free streaming services compared to ad-supported options — but only slightly.
Most Netflix customers won’t switch from a commercial-free plan to a cheaper, ad-supported one, according to a new Whip Media survey.
Less than 1 percent of Netflix subscribers are regularly using the company’s novelty games, according to a report.