Money

Netflix in court over defamation of top prosecutor

Published

3 years ago

August 11, 2021

Anthony Lucas

Netflix is heading to the courtroom

The popular streaming service is set to face a defamation lawsuit by former Manhattan prosecutor Linda Fairstein.

Fairstein claims Netflix portrayed her as a racist and unethical villain in the 2019 series “When They See Us,”

After the series premiere, a hashtag “Cancel Linda Fairstein” called for a boycott of the best-selling crime novelist.

U.S. District Judge Kevin Castel in Manhattan stated that Ms. Fairstein had plausibly alleged defamation in up to five scenes, including that she withheld evidence, coerced confessions and directed a racially discriminatory police roundup of young men in Harlem.

“The average viewer could conclude that these scenes have a basis in fact and do not merely reflect the creators’ opinions about controversial historical events,”
U.S. District Judge Kevin said.

Netflix is yet to respond.

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.