Netflix’s cut to its advertising sales forecast is fuelling concerns that its growth engine is losing steam, threatening the edge that made it a model for the media industry. Its shares fell nearly 5% in afternoon trading on Wednesday after Netflix forecast a fourth consecutive quarter of slowing revenue growth, as one of Hollywood’s biggest…
At a media showcase in Johannesburg on Tuesday, The Walt Disney Company Africa highlighted upcoming releases, including new seasons of Percy Jackson and the Olympians and a new Ice Age feature film, while detailing a broader content licensing agreement with rival streamer Netflix. Read: ASUS ROG Zephyrus Duo Review: Two-screen titan Under the terms of…
Netflix on Tuesday reported third-quarter earnings that topped analyst estimates and revenue that was in line as Wall Street eyes the company’s engagement and advertising metrics. Here’s how Netflix performed for the period ended Sept. 30, compared with projections from analysts polled by LSEG: Earnings per share: 87 cents vs. 82 cents estimated Revenue: $12.87 billion…
A Netflix building in Hollywood. Daniel Cole/Reuters Netflix has replaced its chief content officer a day after cutting about a thousand jobs, its biggest layoffs since 2022, as the world’s largest streaming service struggles to hold viewers’ attention against YouTube and TikTok. The company said on Thursday it had appointed former Disney executive Peter Rice…
Netflix announced an expansive slate of local series and films to celebrate a decade of showcasing South African stories that supported more than 8,000 jobs through partnerships with over 30 local production companies. The slate was unveiled at a press showcase in Rosebank, Johannesburg, where Netflix executives, filmmakers and on-screen talent gathered to mark 10…
Netflix marks 10 years and production partnerships in South Africa. Since making it local debut in 2016, Netflix productions have created over 8 000 direct and indirect jobs across South Africa. The global streaming giant also invested R2.4 billion in the local market, between 2016 and 2022. This was revealed at a press showcase in…
An extended preview of Grand Theft Auto VI dominated Netflix’s streaming charts for the week of August 24 through August 30, claiming the top spot on the platform’s global movie rankings. Despite securing only a brief six-hour exclusivity window on August 27 before Rockstar Games uploaded the footage to YouTube, the nearly 30-minute video accumulated…
With Grand Theft Auto VI slated for release this November, Netflix has partnered with Rockstar Games to secure an exclusive broadcast window for new game footage. Titled Grand Theft Auto VI: An Extended Look, the special presentation will debut on Netflix on August 27 at 3:00 PM ET. Read: SpaceX shares plunge after first earnings…
The cast of The Four of Us eMedia has struck a content licensing deal with Netflix that will put e.tv programming on the global streaming platform across Africa – a first for the free-to-air broadcaster, and a move that plants Netflix squarely in the local soapie territory vacated by Showmax’s shutdown in April. The partnership…
Comcast’s Sky has agreed to buy the broadcast channels and streaming service of Britain’s ITV for £1.6 billion (R34.6-billion), creating a British champion with the scale to compete with global players like Netflix, Amazon and Disney. Sky CEO Dana Strong said the deal, announced on Monday, was a “defining moment”, one of the biggest in…
