Tag: Netflix

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S&P 500 futures fall barely in in a single day buying and selling, Netflix shares tank

S&P 500 futures fall slightly in overnight trading, Netflix shares tank

Trader on the New York Stock Exchange.

Source: NYSE

Stock futures fell slightly in night trading Tuesday as Netflix stocks fell sharply, suggesting a third consecutive negative day on Wall Street.

S&P 500 futures fell 0.1% and Nasdaq 100 futures fell 0.4%. Futures on the Dow Jones Industrial Average traded near the flat line.

Netflix shares fell about 9% in expanded trading after the streaming giant reported subscriber additions well below Wall Street estimates as the pandemic’s surge in demand wore off. However, Netflix did better than expected in the first quarter.

Wall Street has suffered consecutive losses as the reopening dragged the market down amid renewed concerns about the rising number of new Covid cases around the world. The Dow fell 250 points on Tuesday for its worst daily performance since March 23, while the S&P 500 and Nasdaq fell 0.7% and 0.9%, respectively.

United Airlines fell 8.5% on Tuesday after the airline reported its fifth straight quarterly loss, saying business and international travel are still far from recovering. The State Department said it would increase “do not travel” advice to 80% of the world’s countries, adding that the pandemic poses an “unprecedented risk to travelers”.

The Cboe Volatility Index, also known as the VIX or Market Fear Indicator, rose for two consecutive days to top 18 after hitting a 14-month low last week.

Companies have posted solid quarterly results, but the bar is high to lift the stock market to record highs this year after a strong rally. The Dow and S&P 500 are still up 10% over the year after breaking records on Friday.

“This has been a very good earnings season as 90% of the S&P 500 companies had robust results. The problem with stocks, however, is that most of the good news has already been priced in,” said Edward Moya, senior market analyst at Oanda in one Note.

Verizon and Chipotle Mexican Grill are expected to report numbers on Wednesday.

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Business

Netflix, CSX, Tenet Well being & extra

Netflix, CSX, Tenet Health & more

Signage outside of the Netflix office building on Sunset Boulevard in Los Angeles, Calif. On Monday, April 19, 2021.

Bing Guan | Bloomberg | Getty Images

Check out the companies that hit the headlines on Tuesday after the bell:

Netflix – The streaming giant’s shares fell 10.4% after the company reported a huge failure in subscriber growth numbers. Netflix added 3.98 million net paid subscribers. Analysts surveyed by FactSet expected an increase of 6.2 million subscribers. The weaker than expected customer growth figures overshadowed the profits and sales of the previous quarter, which were above forecast.

CSX – The railroad operator’s shares fell 1.8% after the company announced mixed results for the first quarter. CSX posted earnings per share of 93 cents on sales of $ 2.81 billion. Analysts polled by Refinitiv expected earnings per share of 95 cents on sales of $ 2.78 billion.

Interactive Brokers – The brokerage company’s stock rose 2.1% after the company posted better-than-expected results in the first quarter. The company had earnings per share of 98 cents on sales of $ 893 million. Analysts polled by Refinitiv forecast earnings per share of 91 cents to $ 737 million.

Tenet Health – Tenet Health stock rose 3.8% after the company posted first quarter results that exceeded analysts’ expectations. The company had earnings per share of $ 1.30 on sales of $ 4.78 billion. Analysts polled by Refinitiv forecast earnings per share of 72 cents on sales of $ 4.77 billion.

Intuitive Surgical – Intuitive Surgical shares fell nearly 4% after the company posted first-quarter earnings that exceeded analyst forecasts. The company had earnings per share of $ 3.52 on sales of $ 1.29 billion. Analysts surveyed by Refinitiv expected earnings per share of $ 2.63 on sales of $ 1.11 billion.

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Business

Netflix and Sony Signal 4-12 months Streaming Deal

Netflix and Sony Sign Four-Year Streaming Deal

As a further sign of Netflix’s growing dominance, Sony Pictures Entertainment has signed a four-year deal that grants the streaming giant exclusive US rights to Sony’s films as soon as it leaves theaters and premium video-on-demand services.

The deal, which begins with the studio’s releases in 2022, builds on Netflix’s existing partnership with Sony Pictures Animation and replaces the agreement that Sony, one of the few major studios without its own streaming service, has had with Starz Entertainment since 2005 has closed.

That means upcoming films like “Morbius”, in which Jared Leto plays the Marvel vampire, and “Uncharted” with Tom Holland in an adaptation of a Playstation game, will be available on Netflix after their theatrical and on-demand films -Complete runs. Under the deal, Sony will shoot two to three films a year for Netflix, expand Sony’s plan and offer Netflix exclusive films for its service.

“In this way, we can not only bring Sony’s impressive list of popular film franchises and new intellectual property to Netflix in the US, but also create a new source of first-time films for Netflix movie lovers worldwide,” said Scott, director of global films at Netflix Stuber said in a statement Thursday.

Sony emphasized that the arrangement would not change its theater strategy. Before the pandemic, the studio released 15 to 20 films a year in theaters, a plan it plans to resume after theaters reopen. Films made for Netflix will appear in addition to theatrical releases, it said.

With the pandemic closed theaters for much of last year, Sony Pictures, like most studios, pushed many of its films into 2021. It also sold a handful of streaming services, including Greyhound starring Tom Hanks to Apple and the upcoming animation comedy “The Mitchells vs The Machines” from the makers of Sony’s Oscar-winning film “Spiderman: Into the Spider-verse” to Netflix.

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Business

Michelle Obama’s ‘Waffles + Mochi’ coming to Netflix in March

Michelle Obama's 'Waffles + Mochi' coming to Netflix in March

Former First Lady Michelle Obama visits the Lower Eastside Girls Club to meet and greet members and discuss her new book, Becoming, on December 1, 2018 in New York City.

Roy Rochlin | Getty Images News | Getty Images

Michelle Obama returns to Netflix this March.

The former first lady will appear in a children’s series called “Waffles + Mochi,” which is part of a multi-year production deal she and her husband Barack Obama signed with the streaming service.

The 10-part cooking show shows Obama together with a few friendly doll friends discovering, cooking and eating food from all over the world. The series starts on March 16.

In addition, “Waffles + Mochi” is working with Partnership for a Healthier America, where Obama is serving as honorary chairman, to provide fresh ingredients for families during the ongoing coronavirus pandemic.

This children’s program is the latest release from Obama’s production company, Higher Ground Productions, as part of their partnership with Netflix, which began in 2018. The couple has made several documentaries, “American Factory”, “Crip Camp” and “Becoming,”. “on the streaming service.

The signing of the Obamas nearly three years ago is part of Netflix’s ongoing strategy of securing exclusive deals with top content creators. Netflix has a long list of these partnerships, which includes contracts with Ryan Murphy, Shonda Rhimes, Kevin Hart, Prince Harry and Meghan Markle, David Benioff and DB Weiss, and Kenya Barris.

It is unknown how much Obama’s Netflix deal is worth or how long it was contracted.

Last week, Netflix and Higher Ground Productions released a schedule for the streaming service. The projects, which span several genres, are expected to be published in the next few years:

  • “Exit West” is a feature film based on Mohsin Hamid’s novel of the same name.
  • “Satellite” is a science fiction film written by Ola Shokunbi and produced by Kiri Hart and Stephen Feder for Rian Johnson and Ram Bergman’s T Street.
  • “Tenzing” is a film based on the true story of Tenzing Norgay, the first man to reach the top of Everest.
  • “The young woman” is a film by the writer and director Tayarisha Poe.
  • “Fireman’s Daughter” is a series based on Angeline Boulley’s debut novel and due for release this spring.
  • “Great National Parks” is a natural history documentary that explores national parks around the world.
  • “Ada Twist, scientist” is an animated preschool series based on the book series by Andrea Beaty and illustrator David Roberts.
  • “The G-Word with Adam Conover” is an Adam Conover comedy series based on Michael Lewis’ The Fifth Risk: Undoing Democracy.
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Entertainment

Netflix Dominates 2021 Golden Globes Nods

Netflix Dominates 2021 Golden Globes Nods

Netflix, only a competitor on the film side of the Globes since 2016, dominated to a breathtaking extent with 42 combined nominations – and that without the latest episodic hit “Bridgerton”, which was only mentioned once. Among the companies, Disney was runner-up with 25 nominations while WarnerMedia had 13, including seven for HBO and two for HBO Max.

Netflix has domestic films competing (“Mank”, “The Prom”) as well as films it has bought from pandemic-hit traditional studios, notably Aaron Sorkin’s “The Trial of the Chicago 7”. The streaming service has established crowd-pullers (“The Crown”, “Ozark”) and brilliant new hits (“The Queen’s Gambit”) among the television categories. Surprisingly, “Ratched,” a melodramatic prequel by Ryan Murphy “One Flew Over the Cuckoo’s Nest,” received three nominations, including one for Best Television Drama.

Amazon received 10 nominations, including Regina King’s “One Night in Miami,” a fact-based drama about a meeting of four black luminaries in which best director, song, and supporting actor (for Leslie Odom Jr., who plays Sam Cooke) nods ). And the Globe voters paid tribute to the “Borat Subsequent Movie”, which appeared on Amazon Prime Video in October, among others in the “Best Comedy” or “Music” category. “Small Ax,” Steve McQueen’s five-film anthology, added two nominations.

“I’m thrilled with what it says about our film strategy – a board that has grown tremendously and truly encompasses different stories that the global audience is asking,” said Jennifer Salke, director of Amazon Studios, over the phone.

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Business

Netflix Will No Longer Borrow, Ending Its Run of Debt

Netflix Will No Longer Borrow, Ending Its Run of Debt

Last quarter, one of Netflix’s most watched series was season four of The Crown, which has attracted more than 100 million households since the series began. His biggest film for this period was The Midnight Sky, the science fiction drama directed by George Clooney that has been viewed by 72 million households.

All of the debt that Netflix has amassed has enabled it to change its film schedule for 2021, when 70 new films are due to be released, more than one new film a week. The lineup features a collection of stars that can rival any Hollywood studio, including Leonardo DiCaprio, Meryl Streep, Dwayne Johnson, Idris Elba, Zendaya, Jennifer Lawrence, Gal Gadot, Naomi Watts, and Octavia Spencer.

There are still risks to Netflix’s cash-operated alley to streaming dominance. Hollywood has finally caught up, and much bigger companies like Walt Disney Company with Disney + and AT&T with HBO Max are now placing big bets on streaming, giving consumers more choice and threatening Netflix’s market share.

The continued emergence of new competitors with ViacomCBS’s Paramount + on March 4, and the continued strength of Amazon Prime Video and Hulu have resulted in a series of “switching” processes with consumers switching on and off various streaming services from month to month turn off . According to a study by consulting firm Deloitte, more people cancel their favorite shows on one service and then subscribe to another.

The January 2020 survey found that 20 percent of those who had paid for a streaming service canceled it the previous year. By October, when new services were brought to life, nearly half, or 46 percent, had stopped at least one of the services in the past six months.

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Entertainment

Netflix Wrapped Chrome Extension Created by TikTok Person

Netflix Wrapped Chrome Extension Created by TikTok User

To celebrate the end of each year, Spotify Wrapped gives users a personal review of their listening history and shows all the stats about their music habits over the months, which often leads to people sharing their results on social media. But what if you were also curious about your observation habits? Enter: the unofficial Netflix Wrapped.

Inspired by Spotify’s roundup and the fact that we all probably watched way too much TV during this one year roller coaster, a TikToker created a Netflix Wrapped Chrome extension and shared their invention on the platform. TikTok user Niko Draca, a Canada-based software developer, created the tool that will allow people on the streaming platform to delve deeply into their past year.

While the extension isn’t in any way affiliated with Netflix and may still have some issues, it’s a pretty cool way to see how many hours (or days in my case) of television and movies you’ve seen in 2020 that I was mine already fully aware that I was watching senseless hours of gossip Girl and every stupid rom-com that came on the platform was still fun to take a detailed look at my stats.

You can do the same thing by simply adding the plug-in to your Google Chrome browser, logging into your Netflix account, opening the extension and clicking Start. Note that cracking the numbers can take a few minutes. So leave the window open while you wait. Once the tool loads, you’ll see a breakdown of your watch history by total hours, hours by month and day of the week, content rating and genre. Learn exactly how to use Netflix Wrapped and how Draca created the plug-in in advance.

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Entertainment

Motion pictures and TV Exhibits Leaving Netflix in January 2021

Movies and TV Shows Leaving Netflix in January 2021

Towards the end of the year, Netflix is ​​cleaning up its catalog of films and shows. It is true that many new originals will come to us in January – too Cobra Kai Season three and Fate: The Winx Saga – There are some titles that are leaving the streaming service. Fortunately, it’s not as extensive as last month. Among the titles are some solid comfort films like Mary Poppins returns, which will make a new home at Disney +, as well as the heartwarming Hallmark series When the heart calls. See what’s left of Netflix in January and add them to your watchlist while you can.

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Entertainment

Romantic Christmas Motion pictures on Netflix | 2020

Romantic Christmas Movies on Netflix | 2020

The holiday season is all about love: love for family, love for friends, and maybe even the kind of love that ends under the mistletoe. It’s no wonder so many films about the Christmas season feature romantic storylines – according to romance films, snow is the only thing more romantic than rain. Romantic Christmas films are not limited to television films that cable networks produce each year. In fact, there are some of the cutest Christmas movies out there in decades! If you’re looking for a movie that hits the sweet spot of vacation magic and impotent romance, you’ve come to the right place. Read on to find a movie as romantic as it is festive to stream this winter.

– Additional coverage from Lauren Harano