Company

Netflix

Netflix is a subscription-based streaming service that provides a wide variety of television shows, movies, anime, documentaries, and more on thousands of internet-connected devices.

Why it’s in the news: It is in the news due to a strategic pivot away from prestige programming, the use of AI in content creation, and its expansion into international markets like South Korea.

Latest on Netflix

  • Netflix plans to cut 5% of its workforce, Puck News reports
  • Netflix, streaming rivals dominate $6 billion Asia sports arena
  • Netflix grows advertiser deals in Japan 12-fold
  • Watch the trailer for ‘The Altruists,’ Netflix’s show about the FTX scandal
  • Netflix expands TV game lineup with Conjuring spinoff
  • Netflix is pivoting away from prestige
  • The National Collective Management Organisation (LMKN), a government-supported agency overseeing the country's royalty system, said the streaming platform had not paid music royalties since entering the Indonesian market 10 years ago, the Jakarta Globe reported.
  • Indonesia is demanding that Netflix pay an estimated 75 billion rupiah (US$4.3 million) in royalties accumulated since its launch in the country or risk being shut down.
  • [via Morgan Stanley]
  • [via The Vanguard Group]
  • 13F: Journey Retirement Planning & Investment Management Llc holds Netflix ($1M)
  • 13F: Mirador Capital Partners Lp holds Netflix ($9M)

Connections

93 entities linked to Netflix across the news graph.