Netflix

As millions of people stream the latest season of 'Money Heist' or 'Squid Game' on Netflix, little do they know that the streaming giant was born out of a video renting store in the US 25 years ago.

The US company has greenlighted at least six TV shows in southern Indian languages this year, aggressively chasing deals in Tollywood as the Telugu and Tamil film and TV industry is known

Netflix is fast losing subscribers -- who have been with the streaming service for more than three years - further adding to its woes as the company faces stalled growth amid revenue slowdown.

Streaming giant Netflix has laid off nearly 150 employees, primarily in the US, as it suffers from slow user growth amid stalled paid subscription.

Netflix has told its employees that if they do not agree with its content, they can leave the streaming giant -- a move that received a thumbs up from Tesla CEO Elon Musk.

As the nature of content and creativity is changing, it is forcing traditional talent agencies to evolve and also spawning a whole new variety of them

Rival Netflix loses 200,000 global subscribers in the period

Bob Chapek, CEO of The Walt Disney Company said that the company is on track to reach 230 to 260 million subscribers by fiscal 2024

The streaming giant Netflix saw its stock tumbling by 20 per cent after it reported a loss of 2 lakh paid subscribers in the first quarter of 2022 -- its first subscriber loss in over a decade

The streaming pioneer is also planning to start cracking down on password sharing among its subscriber base around the same time, the NYT report said

According to the lawsuit, Netflix and its top executives "employed devices, schemes and artifices to defraud (investors), while in possession of material adverse non-public information"

After comedian Dave Chappelle was attacked on stage during Netflix Is A Joke festival in Los Angeles, the streaming giant issued a statement strongly condemning the incident."We care deeply about the safety of creators and we strongly defend the right of stand-up comedians to perform on stage without fear of violence," Netflix's spokesperson said.The incident between Chappelle and the man occurred near the end of his evening appearance at the Hollywood Bowl in Los Angeles on Tuesday, Variety reported.Video footage circulated during Chappelle's comedy set showing the man rushing onto the stage and tackling the performer to the ground.After the incident, in the later stage of the footage, the same man is then seen to be dragged away by security personnel and members of Chapelle's team.A spokesperson for Chappelle's production company also issued a statement in the aftermath of the attack."Dave Chappelle celebrated four nights of comedy and music, setting record-breaking sales for a ...

Last week, Bodhi Tree Systems, an arm of James Murdoch's Lupa Systems, announced that it will be picking up a 40 per cent stake in Viacom18 for Rs 13,500 crore

This process, according to Wood, is already well underway with Netflix now down 69 per cent year-to-date (YTD)

More Indian languages, bigger films and shows, and an ad-supported version are being rolled out as the global streaming service works to crack one of the world's fastest-growing streaming video market

Netflix has reportedly laid off several experienced journalists and writers working for its entertainment site Tudum which it launched only in December last year

Netflix's customer base shrunk by 2,00,000 during the January-March quarter, and likely to lose 2 mn more in the current quarter. It is now mulling a low-cost subscription, supported by advertising.

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Both Amazon Chairman Jeff Bezos, the second-richest person in the world, and Ambani, No 9, want to dominate India's large - and still highly informal - retail industry

The fall worldwide was the first in over a decade, though the streaming service was making good progress in APAC, it said