Netflix Inc

Netflix Inc said it would make a deeper dive into video games as the movie and TV streaming service projected weak subscriber growth amid growing competition and the lifting of pandemic restrictions that had kept people at home.

Netflix Inc provided a weak forecast for customer growth in the current quarter as the streaming video pioneer faces growing competition, the return of movie theaters and a lifting of pandemic restrictions that had kept people at home.

Netflix Inc forecast third-quarter paid subscriber additions below Wall Street estimates on Tuesday, as the streaming giant faces intense competition from deep-pocketed players and the stay-at-home boost wanes.

Netflix Inc's plans to revive its slowing subscriber growth will be in focus when it reports second-quarter results on Tuesday, as lockdown binge-watching subsides and competition from Disney+ and HBO Max ramps up. Netflix has forecast it would add just 1 million subscribers...

Netflix Inc said on Wednesday it has hired a former Facebook executive to lead its video games unit as the company ramps up its efforts to grow beyond its traditional streaming business.

Netflix Inc and Comcast Corp's Universal Pictures are extending a multi-year exclusive rights deal in the United States for animated film franchises such as "Minions" and "Puss in Boots", the streaming giant said on Tuesday.

UBS's new hybrid digital wealth management platform has attracted $3.7 billion in its first year, boosting chief executive Ralph Hamers' strategy of winning more business from the lower echelons of the global rich.

Amazon.com Inc's plans to buy Hollywood studio MGM for $8.45 billion is expected to provide a major boost for its Prime Video streaming service to compete with the likes of Netflix Inc and Walt Disney Co's Disney+. An intensifying competition for streaming has led media...

Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the "James Bond" franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+. (Reporting by...

Netflix Inc is looking to hire an executive to oversee its expansion into videogames, a person familiar with the matter said, a sign that it is ramping up efforts to grow beyond its traditional business as streaming competition intensifies.

Netflix Inc is looking to hire an executive to oversee its videogame expansion, the Information reported on Friday, citing people familiar with the matter. (https://bit.ly/3hQoYBk)

Since AT&T bought Time Warner in 2018 to compete with Netflix and Disney, the world of streaming video has only gotten more cutthroat.

Netflix Inc co-Chief Executive Officer Reed Hastings realized $612.13 million from exercising his stock options in 2020, a year of bumper subscription growth for the video-streaming giant.

Walt Disney Co said on Wednesday it had reached a deal with Sony Pictures to bring new "Spider-Man" movies and other films to Disney's streaming services and TV networks in the United States after they play on Netflix.

Walt Disney Co said on Wednesday it had reached a deal with Sony Pictures to bring future "Spider-Man" movies and other films to Disney's streaming services and TV networks after they play on Netflix.

* Verizon shares fall after Q1 results (Adds pricings to post 4 p.m. close)

* Verizon shares fall after Q1 results (Adds market close at 4 p.m.)

Wall Street cast doubt on Wednesday on Netflix Inc's ability to bounce back strongly from a first-quarter slowdown in subscriber growth that pointed to fatigue among viewers after a year of COVID-19-driven binge streaming.

Wall Street's main indexes opened lower on Wednesday as Netflix kicked off quarterly earnings for technology behemoths with a disappointing report, while concerns about a surge in global coronavirus cases hit demand for equities.