Netflix Bringing 'Titanic' Back to Streaming, Internet Complains It's Too Soon
Monday, 26 June 2023 The wreckage from the Titanic submersible tragedy hasn't even settled yet, but some are jumping at the opportunity to get Leonardo DiCaprio and Kate Winslet back on screens ... including Netflix. The streaming giant recently announced James…
Netflix is receiving major backlash for bringing back the 1997 film "Titanic" to the streamer just one week after the Titan submersible tragedy that resulted in the death of four passengers and the sub's pilot.
'Bridgerton' is back this May with part one of its highly anticipated third season. Here's what else is coming to and leaving the streaming service Netflix throughout the month.
Credit: The Hollywood Reporter Duration: 02:03Published
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Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
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Monday, 26 June 2023
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