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Netflix Lays Off Another 150, Including Directors

Company is dealing with subscriber loss for the first time

(Newser) - The hits keep coming at Netflix. After announcing last month that it had lost subscribers, the streaming service laid off employees in animation and at its Tudum website. Content has been cut, with projects in the works being canceled. On Monday, 150 more employees were laid off, per Vulture . "...

Netflix's Fall Triggers Shockwaves in Streaming
Netflix's Chill Is Now 'Disastrous'
THE RUNDOWN
Apr 21, 2022 9:17 AM CDT

Netflix's Chill Is Now 'Disastrous'

'There's more to entertainment than volume and distraction'

(Newser) - The streaming industry is feeling shockwaves after Netflix stunned analysts Tuesday in reporting its first loss of subscribers in more than a decade. Shares fell 35% Wednesday, wiping out $50 billion in market capitalization, following a 40% year-to-date drop. "Simply put, Netflix's terrible 2022 has now become disastrous,...

Dear Remaining MoviePass Subscribers: Bad News

Service is shut down as of Saturday, with company 'unable to predict if or when' it will return

(Newser) - It looks like MoviePass has officially moved from "the brink of death" to the movie morgue. Variety reports the beleaguered subscription service will shutter, effective as of 8am ET on Saturday, according to an announcement to straggler subscribers from parent company Helios and Matheson Analytics. Why? The firm's...

On Brink of Death, MoviePass Thinks It's Figured It Out

Its new model lets subscribers see 3 movies a month for $9.95

(Newser) - What would you rather do: Pay $9.95 a month to see one movie in a theater per day, or pay $9.95 to see three movies a month? It's sort of a trick question, in that option one will soon no longer exist. MoviePass on Monday announced that...

Netflix's Growth Comes at a Cost
Netflix's Growth
Comes at a Cost
Oct 17, 2017 11:50 AM CDT

Netflix's Growth Comes at a Cost

Company has gained $5.1B in debt in one year

(Newser) - Netflix is sinking deeper into debt in its relentless pursuit of more viewers, leaving the company little margin for error as it tries to build the world's biggest video subscription service, reports the AP . Netflix's long-term debt and other obligations totaled $21.9 billion as of Sept. 30,...

New Facebook Feature Makes Stalking Even Easier!

Surely Mark Zuckerberg saw this backlash coming

(Newser) - Another day, another Facebook privacy flap: Now the social networking giant is testing a feature that Mashable calls a "stalker button." It's actually a subscription feature, allowing you to subscribe to all the actions of any of your friends—meaning you will receive notifications any time that person...

To Save the News, Look to iTunes

 To Save the News,
 Look to iTunes 
OPINION
Jan 12, 2009 10:44 AM CST

To Save the News, Look to iTunes

Model proves people will pay for what could be free

(Newser) - People expect their news for free these days, but online advertising revenue isn’t enough to support major operations, David Carr writes in the New York Times. But there may be hope for the newspaper industry. A decade ago, people began getting their music illegally. Now, the convenience of iTunes...

New Service Is Like Netflix for Magazines

Maghound will give subscribers more choice, flexibility

(Newser) - Subscribing to a magazine was once a 1-year commitment, but Time Inc.’s Maghound is changing that, reports Folio. The Netflix-like service launching this fall offers “flexibility, choice, control and personalization,” says Maghound's president. The service allows customers to swap subscriptions at any time, liberating readers from...

Netflix Finds Itself in House of Business Horrors

Despite profit growth, flurry of grim news troubles Wall Street

(Newser) - Netflix faced a second wave of bad news today as its stock price plummeted and its website remained inaccessible to visitors. The company announced price cuts Sunday and yesterday absorbed a triple blow: lowered sales expectations, a subscriber decline, and a Wall Street downgrade. The website crash then left the...

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