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Netflix have announced they will charge for password sharing in an additional five countries, as the streaming giant continues to crackdown on the practice.Today (July 22), news broke that Netflix have asked customers in five more countries – Argentina, El Salvador, Guatemala, Honduras and the Dominican Republic – to pay additional fees if they are sharing their password with viewers outside of their household. The additional fees vary between countries but users can expect to pay no more than an additional US$2.99.According to IGN, the extra cost won’t affect the use of the streaming service from mobile devices.

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Netflix Content Spend Set To Plateau At $17B For Next Few Years

Netflix executives see content spending of about $17 billion in 2021 lingering there for the next several year through 2023.

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Netflix Ad-Supported Tier Will Have Better Economics Than Ad-Free One, COO Greg Peters Says

The economics of Netflix’s forthcoming ad-supported tier will be more favorable than those of its primary ad-free one, one senior executive indicated during the company’s second-quarter earnings interview.

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Netflix Boss Reed Hastings Praises ‘Stranger Things’ For Steamer’s Q2 “Less Bad Results”; Predicts Linear TV Death, Again

Coming off a better quarter than anticipated, Netflix founder Reed Hastings today was showing some swagger and a lot of thanks to the first part of the latest season of Stranger Things.

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Netflix Chief Reed Hastings Says ‘The End of Linear TV’ Is Coming ‘Over the Next 5-10 Years’

Jennifer Maas TV Business WriterNetflix co-CEO Reed Hastings declared during the streamer’s Q2 earnings interview Tuesday that linear television will go the way of the dinosaur within the next decade.“It’s definitely the end of linear TV over the next 5 to 10 years,” Hastings said while discussing Netflix’s financial and subscriber results on the pre-recorded Q&A, which came on the heels of the reveal the streamer lost 970,000 subscribers in Q2. That loss was actually a win for Netflix, which had originally expected to lose 2 million subscribers by the end of June 30.Though very bold, Hastings thoughts on the state of linear television are hardly a shock given his position at the top of the world’s biggest streamer — and they carry forward data touted by Netflix earlier Tuesday.

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Netflix Layoffs Cost Streamer $70M In Severance Charges; Nearly 500 Staffers Axed Recently

The recent pink-slipping of hundreds of employees cost Netflix a bundle, with more likely to come.

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Netflix Acquires Animation Studio Animal Logic

Netflix is moving further into the world of animation with the acquisition of Australian studio Animal Logic.

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Netflix To Launch Advertising Tier In “Early Part” Of 2023

Netflix said it’s targeting an early 2023 launch for a cheaper advertising tier as it seeks to stem subscriber losses and hopefully turn them back up. It will roll the plan out in a handful of markets first but didn’t say which ones.

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Netflix To Step Into Spotlight, Kicking Off A Media Earnings Season Riddled With Anxiety

Netflix will reveal its financial results from the second quarter on Tuesday afternoon, and the outcome is expected to set the tone for one of the most anxious and uncertain earnings seasons in years.

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Sun Valley Scene: David Zaslav, Sheryl Sandberg, Bob Chapek, Ted Sarandos Make the Rounds

Jennifer Maas TV Business WriterSUN VALLEY, Idaho — The moguls have arrived.On Tuesday, dozens of titans of the business, media and tech worlds came out to play at the Sun Valley Lodge in Idaho for the start of Allen & Co.’s annual meeting of movers and shakers.The invitation-only conference will include three days of seminars and meetings that are held away from the prying eyes of the public, which kick off Wednesday morning. So today was all about meeting and greeting each other at the posh retreat in Idaho’s picturesque Sawtooth Mountains.Arrivals began at the Sun Valley Lodge around 11 a.m.

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Netflix Reportedly in Talks With NBCU, Google on Deals for Ad-Supported Plan

Todd Spangler NY Digital EditorNetflix has made no secret that it would rely on third-party partners to roll into the ad-supported VOD space. Now word has emerged that Google and NBCUniversal are the top contenders to potentially land a coveted deal with the streamer to sell and serve ads for Netflix’s lower-cost plan with ads.Google and Comcast’s NBCU are both pursuing an exclusive pact with Netflix for the forthcoming ad-supported streaming package, the Wall Street Journal reported this week, citing anonymous sources.

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Streaming Ads Will Help Netflix’s Bottom Line More Than Disney’s, Analyst Says

Disney+ will generate $1.8 billion in U.S. ad revenue by 2025 from its forthcoming ad-supported streaming tier, with Netflix coming in at $1.2 billion, Wall Street analyst Michael Nathanson estimates in a new report.

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Sun Valley 2022 Guest List Includes Elon Musk, Shari Redstone, David Zaslav, Anderson Cooper (EXCLUSIVE)

Brent Lang Executive Editor of Film and MediaIt’s that time of year again. That post-July 4th period when media barons and billionaires break out the Brooks Brothers casual and don their sweater vests to hit an idyllic Idaho resort town of Sun Valley for another edition of “lets make a deal.”Many of the names expected to rub elbows next month are familiar ones. Microsoft founder Bill Gates, Liberty Media’s John Malone, Comcast chairman Brian Roberts, Alphabet CEO Sundar Pichai, Apple pasha Tim Cook and Berkshire Hathaway guru Warren Buffett are among those who have once again made the cut for Allen & Co.’s annual media conference.

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Netflix Chief Reed Hastings Among Americans Blacklisted by Russia

Todd Spangler NY Digital EditorRussia, in retaliation for economic sanctions the U.S. has imposed over the country’s attack on Ukraine, announced that it has added 61 Americans to its own blacklist — including Netflix co-CEO Reed Hastings.Hastings and the other U.S.

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Netflix Pledges To Spend Subscribers’ Money “Wisely,” Respect “Artistic Expression” In Newly Revised Version Of Its Fabled Culture Deck

Netflix’s fabled “culture deck,” which over the years has taken on the importance of the Magna Carta in tech and business circles, has gotten some updates reflecting the streaming giant’s current circumstances.

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Netflix Updates Corporate Culture Memo, Adding Anti-Censorship Section and a Vow to ‘Spend Our Members’ Money Wisely’ (EXCLUSIVE)

Todd Spangler NY Digital EditorNetflix loves to tout its culture of avoiding rules and minimizing corporate red tape. But of course, the company does have operating guidelines, famously detailed in the Netflix Culture document posted on its website.

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Netflix May Launch Ad-Supported Tier By End Of Year, Sooner Than Previous Plan

Netflix is intensifying its surprisingly sudden embrace of advertising, signaling to employees that it may roll out a cheaper, ad-supported tier of its streaming service by the end of 2022.

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Netflix May Launch Cheaper Ad-Supported Plan in Q4 2022

Todd Spangler NY Digital EditorNetflix may dive into the ad-supported VOD space as soon as the fourth quarter of 2022 — sooner than it originally signaled.Last month, as Netflix reported an unexpected drop in streaming subscribers in Q1 and forecast a 2 million sub loss for the second quarter, the company announced plans to roll out a lower-cost version of its streaming service with ads. Co-CEO Reed Hastings told investors at the time that Netflix would “figure out” the AVOD strategy “over the next year or two.”The company has evidently accelerated that timeline: Netflix informed employees of a Q4 target date for the ad-supported tier in a recent memo, the New York Times reported, citing two anonymous sources.

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Netflix Opens Rome Office As Reed Hastings Details Streamer’s Italian Roots; Launches Huge Slate Of Series & Films Including ‘Robbing Mussolini’, ‘The Leopard’ Adaptation & Debut Reality Show

Netflix has opened an office in Italy and unveiled a huge slate of scripted and unscripted series and films from many of the country’s biggest producers, with Co-CEO Reed Hastings detailing the streamer’s roots in the nation.

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Netflix Opens Rome Office, Ramps Up Italian Slate Headlined by ‘The Leopard’ Series

Nick Vivarelli International CorrespondentNetflix on Friday officially opened its Italian base in Rome, in a classy neoclassical building near the iconic Via Veneto, and announced a substantial slate of originals that stand as testament to what co-CEO Reed Hastings called the streaming giant’s “growing business in Italy.”“The breadth and variety of our Italian slate perfectly represents our ambitions,” said Hastings, who took the stage at the presentation’s conclusion. Hastings took the opportunity to note how pleased he is that Paolo Sorrentino’s “The Hand of God,” which Netflix produced, scooped top honors at Italy’s David di Donatello Awards, the country’s top film prizes, earlier this week.Netflix’s new Italian slate is headlined by a high-end English-language series adaptation of “The Leopard,” the classic Sicily-set novel by Giuseppe Tomasi di Lampedusa.

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AMC Networks Chief Matt Blank Finds It “Funny” That Netflix And Large Rivals Think Advertising “Solves All Problems” In Streaming

Matt Blank, interim CEO of AMC Networks, said the company has “no plans” for ad-supported tiers of its family of targeted streaming services including Shudder, Acorn TV and AMC+.

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Details Regarding Reed Hastings

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