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Netflix is investing heavily in live events

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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.

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FAA uncovers Boeing quality control issues

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The Federal Aviation Administration disclosed concerning findings from its 737 MAX production audit involving Boeing and supplier Spirit AeroSystems.

The audit uncovered multiple instances where the companies allegedly failed to adhere to manufacturing quality control standards.

The FAA highlighted significant “non-compliance issues” within Boeing’s manufacturing processes, including concerns related to parts handling, storage, and product control.

While a summary of the audit findings has been shared with the companies involved, the details have not been made public due to the ongoing nature of the investigation.

Following a mid-air emergency on January 5 involving a new Alaska Airlines 737 MAX 9, where a door plug was lost at 16,000 feet, the FAA initiated the audit.

This incident prompted a temporary grounding of the MAX 9 and raised questions about the aircraft’s safety protocols.

New acquisition

Boeing, in response to these revelations, has been in discussions to acquire Spirit AeroSystems.

However, the company has not provided immediate comment regarding the audit findings.

FAA Administrator Mike Whitaker emphasized the necessity for Boeing to implement comprehensive corrective measures to address what he termed as “systemic quality-control issues.”

Whitaker stated that Boeing must commit to substantial improvements, with clear milestones and expectations set forth by the FAA.

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Can U.S. Moon lander Odysseus recover from it’s dormancy?

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The U.Ss moon lander Odysseus has gone dormant just a week after its somewhat lopsided touchdown on the lunar surface.

The mission, which aimed to conduct various experiments and collect valuable data, encountered an unexpected setback as the spacecraft’s systems initiated a dormant state.

Engineers and scientists at the space agency are working around the clock to analyze the situation and determine the cause of this unforeseen development.

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Trump wins disqualification case at U.S. supreme court

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Former President Donald Trump has emerged triumphant in the Colorado ballot disqualification case, as the United States Supreme Court upheld the decision in his favour.

The ruling marks the conclusion of a contentious legal battle that began when Colorado sought to disqualify Trump from its ballot during the previous election.

The Supreme Court, in a close decision, sided with Trump, asserting that the grounds for disqualification lacked substantial evidence and did not meet the necessary legal criteria. #ticker today #featured

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