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By Gerry Smith Bloomberg Wed., Dec. 12, 2018 When Apple Inc. introduced the iPad eight years ago, media executives rejoiced. “Sit down once a day and pray to thank Steve Jobs that he is saving the publishing industry,” the head of German publisher Axel Springer said about the tablet in 2010. But the idea of paging through a magazine on an iPad never really caught on. Newspapers and magazines have continued to struggle. Subscriptions have dwindled for many publications, and ad revenue has shifted to the likes of Google and Facebook Inc. Against that backdrop, Apple is back with another idea that it says will help rescue the industry — and getting a much cooler reception. The tech giant is preparing to relaunch Texture, an app it agreed to buy in March that offers unlimited access to about 200 magazines. The company plans to make it a premium product within Apple News, which curates articles and comes pre-installed on iPhones, according to people … [Read more...] about Apple’s ‘Netflix for magazines’ getting a chilly reception
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Netflix record subscriber growth dispels Wall Street worries
(Reuters) - Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth. The record number of additions in the third quarter brought Netflix’s customer base to 137 million worldwide, confirming its rank as by far the world’s biggest online subscription video service. Netflix shares, already up about 78 percent so far this year, jumped 14 percent to $394.25 in after-hours trading, and boosted other high-tech stocks. The leap in subscribers marked a sharp turnaround from three months ago, when investors sent Netflix shares tumbling 14 percent after it missed Wall Street’s subscriber growth targets. “The question at the end of Q2 was whether that miss was an aberration or signs of a longer-term slowdown in the business,” said Forrester Research analyst Jim Nail. “The answer: an aberration, … [Read more...] about Netflix record subscriber growth dispels Wall Street worries
Netflix eases Wall Street worries with record quarter
(Reuters) - Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth. FILE PHOTO: The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S., January 18, 2017. REUTERS/Mike Blake/File Photo The record number of additions for the period brought Netflix’s customer base to 137 million worldwide, making it by far the world’s biggest online subscription video service. Its shares, already up about 78 percent so far this year, jumped 14 percent to $394.25 in after-hours trading, helping up some other high-tech stocks. The leap in subscribers - and the company’s shares - marks a sharp turnaround from three months ago, when investors sent Netflix shares tumbling 14 percent for missing Wall Street’s subscriber growth targets. “The … [Read more...] about Netflix eases Wall Street worries with record quarter
Netflix (NFLX) Stock Today: Subscriber Growth Beats Estimates, Shares Surge
Oct 16, 6:07 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Lisa Richwine 10/16/18 AT 5:00 PM Netflix Inc added about 7 million streaming customers in the latest quarter, 1.8 million more than Wall Street expected, as it debuted a record amount of original programming, including new seasons of popular shows “Orange is the New Black” and “BoJack Horseman.”The additions brought Netflix’s customer base to 137 million worldwide and shares of the video streaming pioneer jumped 14 percent to $394.25 in after-hours trading.Netflix is investing billions of dollars in entertainment programming to hook new customers around the world. Investors have generally accepted the big spending as subscriber rolls swelled in recent years.For the year to date, Netflix shares are up about 78 percent, compared with about 5 percent for the S&P 500 index.Netflix’s results sent shares of Alphabet Inc, … [Read more...] about Netflix (NFLX) Stock Today: Subscriber Growth Beats Estimates, Shares Surge
Telefonica Brasil rolls out Netflix partnership in paid TV push
SAO PAULO (Reuters) - Telefonica Brasil SA (VIVT4.SA) has begun integrating its pay TV service with Netflix Inc’s (NFLX.O) streaming platforms, Brazil’s largest telecoms company said on Tuesday, in another step in its focus on high-end services. FILE PHOTO: The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S., January 18, 2017. REUTERS/Mike Blake/File Photo The plan was announced in principle between Netflix and all of Telefonica SA’s (TEF.MC) Latin America units in May. Customers who are clients of Netflix and the pay TV service offered by Telefonica Brasil, known locally as Vivo, will be able to access Netflix via Vivo platforms starting this month. Gustavo Nóbrega, head of marketing for Vivo’s fixed business, said the partnership was part of a larger company focus on enhancing the firm’s TV services. Vivo’s aggressive broadband expansion, particularly in ultra-fast … [Read more...] about Telefonica Brasil rolls out Netflix partnership in paid TV push