News

Netflix is investing heavily in live events

Published

1 year ago

January 24, 2024

Ahron Young

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.

News

Trump lands in Saudi Arabia for major deals

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

Published

16 hours ago

May 14, 2025

ticker NEWS

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

President Trump has officially landed in Saudi Arabia, kicking off a high-stakes four-day tour across the Middle East aimed at major economic wins.

Welcomed personally by Crown Prince Mohammed bin Salman, Trump’s arrival signals the start of key discussions with leaders from Saudi Arabia, Qatar, and the UAE.

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News

S&P 500 rebounds as Nvidia boosts tech shares

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

Published

20 hours ago

May 14, 2025

Ahron Young

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

In Short:
The S&P 500 rose 1% on Tuesday, buoyed by improving U.S.-China trade relations and strong performances from companies like Nvidia. Despite some concerns about high valuations, analysts showed cautious optimism for continued market growth due to positive economic data and government investments.

The S&P 500 rose on Tuesday, returning to positive territory for the year as easing U.S.-China trade tensions boosted investor confidence.

The index gained 1%, with the Nasdaq Composite increasing 1.8%. The Dow Jones Industrial Average fell by 166 points, or 0.3%, due to an 18% drop in UnitedHealth shares.

Nvidia’s stock led the market, advancing 6% after announcing the shipment of 18,000 artificial intelligence chips to Saudi Arabia. This news positively impacted peer companies such as Broadcom and AMD, which increased by around 4%.

Following this rally, the S&P 500 is now up 0.2% for 2025, after previously being down over 17% due to trade uncertainties. The market responded positively to news of a 90-day tariff pause between the U.S. and China, which contributed to a significant surge in stock prices.

Market analysts noted that improved sentiment stems from several factors, including the chip deal, easing inflation pressures, and anticipated tax cuts. The White House also announced a $600 billion investment in the U.S. economy.

In addition to the trade news, softer-than-expected inflation data in April, which reported a 2.3% increase in the consumer price index, further energised the market. Economists had predicted a 2.4% rate.

Investment experts express cautious optimism, acknowledging ongoing concerns surrounding high valuations and market concentration, but suggest that current data may lead to continued market growth in the short term.

News

Trump may accept Qatari jet as the new Air Force One

Trump administration considers Qatari royal jet as potential temporary Air Force One, raising diplomatic and ethical concerns.

Published

2 days ago

May 13, 2025

ticker NEWS

Trump administration considers Qatari royal jet as potential temporary Air Force One, raising diplomatic and ethical concerns.

The Trump administration is reportedly in talks with Qatar to use a royal aircraft as a potential temporary Air Force One.

The jet — owned by the Qatari royal family — would be retrofitted for presidential use and could be offered as a gift during Trump’s term, with the possibility of it being used again as part of his future presidential library.

While no final decision has been made, the deal raises logistical, diplomatic, and ethical questions around foreign gifts, presidential travel, and how Trump may symbolically separate himself from traditional norms.

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