Much of the subscriber growth in the most recent quarter was driven by its move to start charging an extra fee - which amounts to a little less than half the £10.99 cost of its “standard” advert-free plan - to have more than one household on the same account.
Netflix said it believed it had the right mix of original hits and licensed fan favourites in its library to keep audiences coming, spotlighting Suits, the legal drama now known for starring Meghan Markle.
First released in 2011 on an American network, the series spent several weeks among the top 10 of Netflix’s most-watched English television shows over the summer, racking up more than a billion viewing hours globally.
Writers recently reached a deal, but the actors guild and the major studios, including Netflix, are still fighting over issues of compensation and artificial intelligence.
Studios are facing pressure from investors, who have grown increasingly sceptical of the big losses posted by some of Netflix’s rivals in the streaming business, such as Disney.
Paolo Pescatore, analyst at PP Foresight, said he thought customers should expect to see even higher prices in the years ahead as the company looks to protect its profits and reckons with costs from licensing and new initiatives.
The original article contains 665 words, the summary contains 209 words. Saved 69%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Much of the subscriber growth in the most recent quarter was driven by its move to start charging an extra fee - which amounts to a little less than half the £10.99 cost of its “standard” advert-free plan - to have more than one household on the same account.
Netflix said it believed it had the right mix of original hits and licensed fan favourites in its library to keep audiences coming, spotlighting Suits, the legal drama now known for starring Meghan Markle.
First released in 2011 on an American network, the series spent several weeks among the top 10 of Netflix’s most-watched English television shows over the summer, racking up more than a billion viewing hours globally.
Writers recently reached a deal, but the actors guild and the major studios, including Netflix, are still fighting over issues of compensation and artificial intelligence.
Studios are facing pressure from investors, who have grown increasingly sceptical of the big losses posted by some of Netflix’s rivals in the streaming business, such as Disney.
Paolo Pescatore, analyst at PP Foresight, said he thought customers should expect to see even higher prices in the years ahead as the company looks to protect its profits and reckons with costs from licensing and new initiatives.
The original article contains 665 words, the summary contains 209 words. Saved 69%. I’m a bot and I’m open source!