Movers & Shakers: July 18, 2019
Stories moving the markets and shaking up the world.
Netflix blames content slate for rare subscriber growth miss
While new streaming services such as Disney Plus and HBO Max are set to challenge Netflix’s dominance of the sector in the coming months, company executives said they did not believe competition was a major factor.
Kevin Spacey sexual assault case dropped: Still Netflix, Hollywood producers lost millions
Prosecutors in Massachusetts dropped their case against actor Kevin Spacey, who was accused of groping a young man in 2016.
Netflix CEO to host Pete Buttigieg fundraiser in California: report
Presidential hopeful Pete Buttigieg will reportedly be attending a fundraiser hosted by Netflix CEO and co-founder Reed Hastings.
Stocks retreat on Trump's gloomy outlook for China trade
Wall Street also noted the less-than-spectacular quarterly results of several major corporations.
Movers & Shakers: July 17, 2019
Stories moving the markets and shaking up the world.
How much ‘Stranger Things’ stars make per episode: report
The stars of “Stranger Things” received a pay bump for the latest season, and some are making more in one episode than the average American does in a year.
Movers & Shakers: July 10, 2019
Stories moving the markets and shaking up the world.
‘Friends’ to leave Netflix for WarnerMedia’s new streaming service, HBO Max
Say goodbye to watching reruns of “Friends” on Netflix -- this time for good.
'The Office' leaving Netflix for NBCUniversal’s streaming service
Say goodbye to watching the “The Office” reruns on Netflix in 2021.
Netflix’s Ted Sarandos addresses impending streaming service competition
Netflix Chief Content Officer Ted Sarandos said he believes people will still pay for more streaming subscriptions in order to access the shows and movies they want.
US companies paid $91B less in taxes under Trump’s new law
According to the data, companies paid close to $262.7 billion in taxes in 2018, the first year the full tax law was in effect.
Netflix to rethink investment in Georgia if ‘heartbeat’ bill goes into effect
Netflix said it will rethink its “entire investment in Georgia” if the “heartbeat” abortion bill goes into effect in January.
Netflix eyes video games with E3 appearance, teases announcements
The streaming giant will participate in a special panel entitled “Bringing Your Favorite Shows to Life: Developing Netflix Originals Into Video Games” at E3 Coliseum.
Chicago becomes first major city to collect ‘Netflix tax’
Chicago becomes the first major city to collect what’s dubbed the “Netflix tax.”
Netflix price hikes arrive for all US subscribers in May: What to know
The hike is the largest in Netflix’s history and the fourth price increase overall.
Alexandria Ocasio-Cortez Netflix documentary: What to know
The film follows four women political candidates from around the country, vying for congressional seats.
Netflix expanding New York presence, months after Amazon departure
The expanded office in Manhattan will create 127 high-paying jobs over the next five years.
Amazon isn't the only company that paid $0 in federal taxes last year
In total, the 60 companies zeroed out their federal income taxes on $79 billion in U.S. pretax income, according to the study.
Netflix earnings rise in 1Q but pace of new US subscribers slows
Profits grew to $344 million as the streaming site added nearly 10 million new customers.