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The Latest Breaking News from Reed Hastings

Netflix Trims Staff to Weather Slowing Growth

Netflix on Tuesday said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. "These changes are primarily driven by business needs rather than individual performance, which makes them especially tough, as none of us want to say…

Asharq Al-Awsat

Netflix announces plans for adverts after losing 200,000 subscribers

Netflix could be moving plans forward when it comes to adverts after the streaming service reportedly lost 200,000 paying customers in their second quarter.

Edinburgh Live

Netflix boss warns adverts are on the way

The streaming service's CEO has confirmed an ad-supported option is in the works

Liverpool Echo

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Netflix to launch cheaper plan to win back subscribers

The cheaper rate will include adverts

Chronicle Live

Netflix announces plans to introduce adverts after losing 200,000 subscribers

On April 19, Netflix announced its numbers had fallen for the first time in a decade – losing 200,000 customers against a target of adding 2.5million new subscribers

Daily Mirror

Can Netflix get its magic back?

The streaming service has seen billions wiped off its value after posting its first fall in subscribers for a decade. Can CEO Reed Hastings get it back on the right track?

Evening Standard

More than a quarter of Netflix’s UK subscribers share passwords

Exclusive: world’s biggest streaming service has announced crackdown after first fall in customers in a decade

The Guardian - UK

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Karla Peterson: Yes boomers, the DVD turns 25 this year. This writer can help you celebrate

The "DVD" acronym originally stood for "Digital Versatile Disc." The first DVD to ship more than 1 million units was "Titanic." And when Disney released "Snow White and the Seven Dwarfs" on DVD in October of 2001, it sold 1 million copies. In one day.

Tribune News Service

House of cards? Why the world is falling out of love with Netflix

After years of growth, the streaming giant revealed a shock fall in subscribers. But is it really downhill from here?

The Guardian - UK

Are you still watching? Netflix and the future of streaming

The company’s fall in subscribers is a moment of reckoning for media groups pouring billions into online platforms

Financial Times

Bill Ackman Exits Netflix Stock After $400M Loss

Bill Ackman’s Pershing Square Capital Management exited its position in Netflix (NASDAQ: NFLX) on Wednesday, the billionaire hedge fund manager told shareholders in a letter.

Benzinga

How Netflix could introduce advertising and a crackdown on account sharing

With tough times seemingly ahead, Netflix has flagged possible changes to its product that will have ramifications for its fans.

ABC News

Here's How Much Reed Hastings, Bill Ackman And Baillie Gifford Lost On The Netflix Plunge

Netflix Inc (NASDAQ: NFLX) subscriber base had been steadily increasing for more than a decade, until the company announced first-quarter earnings on Tuesday, revealin

Benzinga

Netflix Explores a Version With Ads as Subscriber Base Shrinks

Netflix Inc. said it is exploring offering a lower priced ad-supported version of the platform to boost its subscriber base, after the streaming giant posted its first quarterly subscriber loss in more than a decade.

Bangkok Post

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The Guardian - US

Netflix shares fall more than 35% after streamer loses over 200,000 subscribers

Company expects to lose 2 million more over the next quarter as subscribers rethink commitment to streaming services

Chicago Sun-Times

Netflix looks to curb password sharing, considers ads

Looming changes announced late Tuesday are designed to help Netflix regain momentum lost over the past year.

Tribune News Service

Netflix breaks its own rules after subscriber losses batter shares

Netflix Inc. is throwing out all of its old rules after losing customers for the first time in a decade, saying it will introduce an advertising-supported option and crack down on people sharing passwords.

Tribune News Service

Netflix rout is worst since 2004, punishing Roku and Disney, too

Netflix Inc. investors punished the company for its shock loss in subscribers and abrupt turnabout to embrace advertising after years of shunning it.

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Tribune News Service

Netflix craters after shock subscriber drop, ‘about-face’ on ads

Netflix Inc. investors punished the company for its shock loss in subscribers and abrupt turnabout to embrace advertising after years of shunning it.

Liverpool Echo

Netflix could start showing adverts and introduce new password rule

The number of subscribers to the streaming platform has dropped

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, April 20

CNBC

Evening Standard

Netflix loses $47 billion in value as stock plunges 30%

Netflix’s withdrawal from Russia resulted in a loss of 700,000 customers.

Edinburgh Live

Netflix could introduce adverts as it loses 200k subscribers and hikes prices

Netflix users have said that they will cancel their monthly subscription service if the US streaming giant decide to introduce adverts after a price hike last month.

Chronicle Live

Netflix considers adverts and ending account sharing after drop in subscribers

Around 100 million watch Netflix for free by sharing passwords with other households

Asharq Al-Awsat

Netflix Shares Plunge as Subscribers Drop

Netflix shares lost a quarter of their value Tuesday after the company revealed its ranks of subscribers shrank in the first quarter of this year. It was the first time in a decade that the leading streaming television service had lost subscribers.

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