Netflix paid $587M for Ben Affleck’s AI filmmaking startup
Netflix revealed that it paid $587 million in cash for InterPositive, a startup co-founded by Ben Affleck.
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Netflix beats on Q2 earnings but a soft Q3 forecast sends the stock down 9%
Netflix cleared the quarter and stumbled on the outlook. The company posted second-quarter revenue of $12.56bn on Thursday, up 13% on the year, alongside earnings of $0.80 a share, a cent ahead of the $0.79 analysts had pencilled in. Then it guided the next three months lower, and the stock did the rest. Third-quarter revenue is forecast […]
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Netflix says around 300 titles used generative AI
Netflix says roughly 300 titles on its platform used generative AI, most of which occurred in post-production. The streaming service revealed the news in its second-quarter earnings report released on Thursday, saying it’s “increasingly leveraging these tools to deliver higher quality output more quickly and at a lower cost.” It also provided some examples of […]
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Netflix is reportedly considering always-on channels and bundles, which is to say, cable
Netflix executives have reportedly discussed adding always-on live channels to the service. The channels would run genre-based programming around the clock, all comedies or all action films, according to a Wall Street Journal report relayed by The Verge. They have also discussed folding rival streaming subscriptions into Netflix itself. Peacock was named specifically, appearing as a […]
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Netflix is turning into YouTube
Netflix has shows and movies. And video games. And live sports. And podcasts. And also, apparently, YouTube videos? For a company that used to seem like the next big thing in TV, it all feels a little frenetic, and maybe a tad desperate. For a company that sees sleep as its primary competitor, it might […]
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Netflix could be planning ‘always-on’ live TV channels
Amid signs of slowing engagement, Netflix is reportedly considering launching “always-on” live channels, giving subscribers something to tune into 24/7.
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Netflix reportedly considers adding always-on channels
Netflix is thinking about adding always-on channels that would stream specific shows and movies, according to The Wall Street Journal. The move sounds like a Netflix version of always-on services like Pluto TV and Tubi, except the big hook for those is that they’re free – because of the ads you have to watch. Netflix […]
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Netflix is about to host videos from BuzzFeed, Condé Nast, and other publishers
Starting on August 3rd, Netflix’s streaming library will include video content from dozens of digital media brands including BuzzFeed, Condé Nast, Hearst Magazines, People Inc, and Tastemade. As reported earlier by TechCrunch, the deal includes a mix of licensed past videos and new ongoing series that would have typically been published on YouTube or other […]
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Netflix is adding short-form video from Variety, Rolling Stone, and BuzzFeed as it competes with YouTube and TikTok
Netflix is licensing short-form video content from publishers including BuzzFeed Studios, Condé Nast, Hearst Magazines, People Inc., Tastemade, and several Penske Media brands such as Variety, The Hollywood Reporter, Billboard, Rolling Stone, Eater, and IndieWire. The content launches August 3 in the US, Canada, the UK, Ireland, Australia, and New Zealand. The videos range from […]
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Netflix dabbles in shorter video content with its new set of publisher deals with Variety, others
Netflix is bringing 2- to 20-minute videos to its platform through new partnerships with digital publishers, including Rolling Stone and Variety.