Netflix’s value hits record $196bn in coronavirus lockdown April 17, 2020 Netflix has become a more valuable company than both US oil giant Exxo Mobil and rival Disney as demand for home entertainment booms amid the coronavirus lockdown. Shares in the streaming company climbed five per cent on Thursday to a new record high of $448, taking its market value to $196bn. At the same time, [...]
Netflix shares hit record high as valuation overtakes Disney April 16, 2020 Netflix shares rose to record highs today amid surging demand during the coronavirus lockdown, pushing its market capitalisation past fierce rival Disney. The US streaming giant’s stock rose more than three per cent in afternoon trading to $440 per share, having closed at a record high of $426.75 yesterday. The rise took Netflix’s market valuation [...]
Netflix donates £1m to emergency coronavirus fund for film and TV crew March 24, 2020 Netflix has donated £1m to establish a new emergency relief fund aimed at supporting film and TV crew unable to work during the coronavirus crisis. The fund, established with BFI and the Film and TV Charity, will provide short-term support to the thousands of full-time workers and freelancers affected by the closure of productions across [...]
Disney’s streaming push is about more than subscriber numbers March 16, 2020 With Disney Plus launching in the UK — and in other European markets — debate rages as to whether we will see the rise of a “Netflix killer”, and which brand will emerge as the ultimate winner. Streaming services have been enjoying their moment in the sun. In the leading US market, subscriber rates for [...]
Netflix UK shows ‘not aligned to British taste’, say top media analysts February 27, 2020 Netflix’s UK shows are “not necessarily aligned to British taste” and cannot be compared to the BBC’s home-grown dramas, according to top media analysts. In a note issued today, Enders Analysis threw its weight behind the BBC’s value to the wider creative economy and blasted “naive” comparisons between the public service broadcaster and Silicon Valley [...]
US film company plots launch of UK’s largest studio complex February 19, 2020 A US-based film company has today unveiled plans to create the UK’s largest purpose-built studio complex as the British film industry’s gold rush shows no signs of slowing down. Blackhall Studios has inked a £150m deal with the University of Reading to build 1m square feet of sound stages and digital production facilities in a [...]
A day in the life of the worker of 2040 January 23, 2020 Looking back to 2000, it’s hard to imagine that anyone would have truly seen what was about to hit us, not just in our personal lives, but our professional ones too — from the invention of the smartphone and social media, to the humble USB stick. So, as we enter the next 20 years, CWJobs [...]
Netflix shows to remain on Sky after media firms ink new multi-year content deal January 19, 2020 Sky today said it has signed a new multi-year agreement with Netflix to keep the US streaming service’s programming on its pay-TV network. The two companies said the extended deal builds on a “successful partnership built over the past two years”, with Sky customers already able to access Netflix hits such as Sex Education through [...]
The top tech predictions for 2020 January 6, 2020 Welcome to 2020. After a week or more of festive cheer and turkey-induced fatigue, it’s time to get back to work. But don’t despair. The year — and decade — ahead is set to be an exciting one, especially in the world of technology. To find out what changes may lie ahead, City PM asked [...]
Don’t cross the streams: Netflix to make series about the rise of Spotify December 11, 2019 As the streaming wars heat up, media firms are increasingly looking to get ahead of their rivals. But now it appears Netflix may be willing to bury the hatchet – by producing a series about its audio streaming rival Spotify. Netflix today said it will air an untitled scripted show that documents the rise of [...]
