Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Netflix is investing heavily in live events

Published

on

Netflix has experienced robust subscriber growth, adding 13.1 million subscribers in the fourth quarter, marking its strongest final quarter for net additions.

This impressive growth is attributed to the company’s successful crackdown on password sharing, with paid sharing now becoming the norm.

The company’s total subscriber count reached 260.28 million at the end of the year, a nearly 13% increase from the previous year, leading to an 8% rise in shares during after-market trading.

Live events

Netflix is diversifying its content offerings, with a particular focus on live events, sports-related content, games, and expanding its advertising business.

This shift toward livestreaming provides an opportunity for more regular, appointment-based viewing, appealing to both advertisers and subscribers, as the platform aims to replace traditional TV networks as the primary source of entertainment for households.

Netflix will invest up to $17 billion in content this year.

However, the company’s net profit for the final quarter of 2023 was slightly below expectations, standing at $938 million compared to the forecasted $956 million.

Nevertheless, the operating margin rose significantly to 16.9% from 7% a year earlier, surpassing the projected 13.3%.

WWE Raw

Netflix announced a 10-year deal valued at over $5 billion to become the new home of the hit wrestling show “WWE Raw” and other WWE shows, effective January 2025.

This deal grants Netflix exclusive rights to the show in the U.S. and international distribution rights in various regions, including Canada, Latin America, and the U.K. Netflix may expand its territorial rights as existing agreements expire.

Netflix’s foray into livestreaming aligns with its growing focus on sports entertainment, although it does not signal a shift toward high-profile, costly sports-rights packages. Additionally, the company recently announced “Dinner Time with David Chang,” a live cooking show, further diversifying its content offerings.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

News

Global leaders look to shape tech futures

Published

on

From disputed pay packages to tariff threats, global leaders are making waves in tech, trade, and innovation.

A U.S. judge has once again denied Elon Musk’s controversial $56 billion Tesla pay package, raising questions about the company’s governance practices. Meanwhile, Donald Trump’s tariff threats against BRICS nations could derail de-dollarization efforts, adding tension to global trade dynamics.

Concerns are also growing around Super Micro Computer audits, which have sparked fears of potential vulnerabilities in the tech sector. Additionally, Intel CEO Pat Gelsinger has announced his departure, leaving questions about whether his efforts to revitalise the company met expectations.

These developments underline the influence of leadership on shaping the global tech landscape, as decisions continue to ripple across industries.

Continue Reading

News

Teens make use of AI in education as ‘Brain Rot’ goes mainstream

Published

on

A recent study sheds light on how teenagers are turning to generative AI for both social and academic purposes.

 

From using chatbots for emotional support to leveraging AI for essay writing, the study reveals both the creativity and risks associated with these tools.

Parents, however, are struggling to keep up. Many are unaware of how extensively their children engage with AI and lack understanding of its potential risks. The gap in awareness highlights the need for ethical discussions and better parental guidance around generative AI.

Meanwhile, Oxford’s 2024 Word of the Year, “brain rot,” captures a growing cultural concern. The term, which originally appeared in the 19th century, now reflects the mental toll of consuming trivial and excessive online content. Its resurgence signals a collective awareness of the evolving relationship between technology and mental health.

Experts say these trends point to the need for critical conversations about the role of AI and social media in shaping our habits and well-being.

Continue Reading

News

Democrats move to resist Trump deportation plan

Published

on

Los Angeles officially declared itself a sanctuary city in a direct challenge to the incoming Trump administration’s plan to deport those in the U.S. illegally.

As one of the largest cities near the southern border, LA’s decision has sparked significant debate over the role of local governments in federal immigration matters.

City Council took the bold step by passing the sanctuary city ordinance, ensuring that no local resources are used to assist federal immigration enforcement.

Additionally, the city’s public school system has doubled down on its sanctuary status, passing emergency resolutions to protect undocumented students.

Critics argue that such actions undermine federal law and set a dangerous precedent, raising questions about the balance between local autonomy and national enforcement.

Keith Hanson the CEO of QUX Technologies, and a veteran law enforcement expert joins Veronica Dudo to discuss.

Continue Reading

Trending Now