Entertainment News Jul 14, 2023
Actors go on strike in new blow to struggling Hollywood studios
The Screen Actors Guild, which represents some 160,000 performers, announced the walkout after failing to reach a new labor agreement.
The Screen Actors Guild, which represents some 160,000 performers, announced the walkout after failing to reach a new labor agreement.
The streaming leader added 2.41 million customers in the third quarter, exceeding internal forecasts as well as expectations on Wall Street.
Shares of the streaming leader have plunged 35%, erasing $54 billion of market value in its biggest drop since 2004.
Following the popularity of the "Squid Game" series, Netflix is hoping to ride its Korean surge to greater success elsewhere in the Asia-Pacific region in order to attract more subscribers.
The firm reported a 75% jump in advertising sales for the third quarter and has projected over ¥131.8 billion in advertising sales for the first time on an annual basis.
The robust figure underscores the windfall that one megahit can generate in the streaming era.
Video games give Netflix another way to lure new customers and may make it easier to justify price increases in coming years.
Financial terms of the deal weren’t disclosed, though previous reports suggest Sony was seeking as much as $250 million a year.
Netflix’s basic plan will climb to ¥990 a month from ¥880, while the standard tier rises to ¥1,490 from ¥1,320.
While OnlyFans is closely associated with adult models, more traditional celebrities are turning to the platform.