Netflix Inc

Unlocking the Fortune: Public Gaming Giants Hoard Mind-Blowing $45 Billion Cash Stash, Reveals Konvoy

According to a report from venture capital firm Konvoy, publicly listed gaming companies, including Activision Blizzard, Electronic Arts, Nintendo, and others, currently hold a staggering $45.1 billion in cash and cash equivalents. This substantial cash reserve could potentially lead to further consolidation within the $188 billion video games industry. The report also highlights that gaming …

Read more

Netflix stock soars following successful earnings report and substantial increase in subscribers

A woman starts Netflix on a TV inside her apartment. Artur Widak | NurPhoto | Getty Images Netflix shares surged 16% Thursday following a promising quarterly earnings report. The streaming giant reported several victories, including a 70% jump in its new ad-supported subscription tier. As for overall subscribers, Netflix added 8.76 million subscribers for the …

Read more

Stay Updated with Live Stock Market Updates Today

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. Michael M. Santiago | Getty Images Stocks experienced a modest slide on Thursday as investors on Wall Street analyzed remarks made by Federal Reserve Chair Jerome Powell while keeping an eye on a …

Read more

Unveiling Netflix’s (NFLX) Q3 2023 Earnings and Fascinating Insights

Thomas Trutschel | Photothek | Getty Images LOS ANGELES — Netflix is set to release its third-quarter earnings after the market closes on Wednesday. The streaming giant is currently in the process of transitioning from a focus on subscriber growth to a focus on profitability. To boost its revenue, Netflix has implemented price increases, cracked …

Read more

YouTube Overtakes Netflix: The Preferred Video Source for Teenagers

According to a new survey from investment bank Piper Sandler, teenagers in the U.S. claim to watch more videos on YouTube compared to Netflix. As per the survey, teenagers spend 29.1% of their daily video consumption time on YouTube, a Google-owned platform, surpassing Netflix at 28.7%. YouTube’s usage has grown slightly, while Netflix has experienced …

Read more

Hollywood Auto Strikes Bring Significant Impact to Delta Business Travel

A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., April 7, 2021. Mike Blake | Reuters Recent strikes by Hollywood talent and United Auto Workers union members are negatively impacting business travel demand, despite its recovery, according to Delta Air Lines …

Read more

Hollywood Writers Unveil Exciting New Contract Agreement with Studios

Writers Guild of America East members walk a picket line at the Paramount+ Summit outside the Paramount Building in Times Square in New York City on May 17, 2023 Alexi Rosenfeld | Getty Images Entertainment | Getty Images The Writers Guild of America has officially ratified its new three-year contract with Hollywood studios. Announced on …

Read more