“We’re not concerned at all about creating any confusion,” he said in an interview with CNBC later that afternoon. Less than a month later, the two men were at odds over Mr. Chapek’s plan to lay off tens of thousands of workers at Disney’s theme parks as Covid-19 hit, say people familiar with the men. … Read more
Taylor Swift’s newest album marked her biggest debut yet, a feat in the streaming era as fans listened online and purchased a record amount of vinyl. “Midnights” sold 1.58 million copies across formats, according to Luminate Data, formerly Nielsen Music, delivering it to the top of the Billboard 200 albums chart with the biggest sales week of … Read more
A month before Magnus Carlsen and 19-year-old American grandmaster Hans Moke Niemann found themselves battling each other at the center of a high-profile chess cheating scandal, they were two guys pushing pawns on the beach in Miami. Hanging around for a tournament promotion, they played on a board in the sand, watched by only a … Read more
Inside Netflix Inc.’s NFLX 13.09% movie studio, top executives lobbied Ted Sarandos, the company’s co-chief executive, for much of this year to experiment with releasing more Netflix original movies broadly in theaters. They outlined their case in a memo shared in June on the company network. Some argued that Netflix is leaving hundreds of millions … Read more
Netflix Inc. executives on Tuesday detailed their plans to crack down on users sharing their accounts on the streaming service, which is expected to arrive early next year. In a letter to shareholders in conjunction with their third-quarter earnings report, Netflix NFLX, -1.73% executives said that they would offer those currently using other people’s accounts … Read more
Netflix Inc. added more than 2 million subscribers in the third quarter after stumbling into 2022 with two consecutive quarterly declines, a rebound that sent shares more than 15% higher in after-hours trading Tuesday. Netflix NFLX, -1.73% reported a net gain of 2.41 million subscribers in the third quarter, while analysts on average were forecasting … Read more
Netflix Inc. NFLX 0.02% earlier this year saw a worrying signal in its data: Users were coming to the streaming service less often, people familiar with the matter said. The company, which tracks how many days over a four-week period its members watch content on the service, was concerned that the decline in visits would … Read more
Two stocks that have defined Wall Street’s boom in the past decade — streaming giant Netflix Inc. and electric-vehicle maker Tesla Inc. — will hope to turn around some poor recent trajectories as earnings season kicks into a new gear this week. After swelling prices and results from JPMorgan Chase & Co. JPM, +3.49% and … Read more
About 66 companies in the S&P 500 are scheduled to report earnings in the coming week, according to FactSet. Eight members of the Dow Jones Industrial Average, including American Express Co. and Verizon Communications Inc., are on tap to report. The latest earnings round comes as investors weigh a number of recent economic indicators, from … Read more
TikTok parent ByteDance Ltd. has begun talks with music labels about expanding its music-streaming service globally to compete with industry leaders including Spotify Technology SA, according to people with the discussions. Significant hurdles remain in the negotiations, the people said, but ByteDance wants the service to eventually be integrated within TikTok and to serve as … Read more