Netflix’s plan kept ‘Glass Onion’ from more box office millions

Netflix's plan kept 'Glass Onion' from more box office millions

netflix probably left hundreds of millions of dollars on the table by not keeping Rian Johnson’s “Glass Onion” in theaters. The sequel to Johnson’s critically acclaimed “Knives Out” opened in nearly 700 theaters, the largest release of any Netflix original film to date, last Wednesday ahead of the Thanksgiving holiday weekend. “Glass Onion” leaves theaters … Read more

Netflix nights still come wrapped in red-and-white envelopes

Netflix nights still come wrapped in red-and-white envelopes

SANTA CRUZ, Calif. (AP) — Netflix’s trailblazing DVD-by-mail rental service has been relegated as a relic in the age of video streaming, but there is still a steady — albeit shrinking — audience of diehards like Amanda Konkle who are happily paying to receive those discs in the iconic red-and-white envelopes. “When you open your … Read more

Disney plans job cuts and hiring freeze, CEO Bob Chapek says in memo

Disney plans job cuts and hiring freeze, CEO Bob Chapek says in memo

disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring freeze,” CEO Bob Chapek said in a memo to division leads sent Friday and obtained by CNBC. “Hiring for the small subset of the … Read more

Disney’s weak revenue and profit eclipse streaming subscriber growth

Disney's weak revenue and profit eclipse streaming subscriber growth

The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest companies in media and entertainment are telling investors to focus on revenue and profit instead of streaming subscriber growth — that message backfired … Read more

WWE hints at other McMahon probes, discloses $14.6 million in payments

WWE hints at other McMahon probes, discloses $14.6 million in payments

LAS VEGAS, NEVADA – JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Jeff Bottari | ufc | Getty Images World Wrestling Entertainment on Monday disclosed $14.6 million in previously unrecorded expenses paid personally by top shareholder Vince McMahon, … Read more

Here’s everything coming to Netflix in August 2022 — and what’s leaving

Here's everything coming to Netflix in August 2022 -- and what's leaving

“Stranger Things” kicked off the summer with a bang, and Netflix is ​​looking to end the season with another fan-favorite blockbuster. “The Sandman” (Aug. 5), based on Neil Gaiman’s iconic comic series, stars Tom Sturridge as Dream, aka Morpheus, aka The Sandman, a cosmic being who controls all dreams who must travel time and space … Read more

Netflix’s earnings results mark pivot point for streaming giant, for better or worse

Netflix's earnings results mark pivot point for streaming giant, for better or worse

Co-founder and CEO of Netflix Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Netflix’s second-quarter earnings results can be interpreted in two very different ways. The company’s future depends on which reading turns out to be correct. … Read more

5 things to know before the stock market opens Wednesday, July 20

5 things to know before the stock market opens Wednesday, July 20

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 19, 2022. Brendan Mcdermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Inventory slip up Equities futures fell Wednesday morning after a strong close Tuesday for the … Read more