Shares of Netflix traded down about 1 per cent at US$355.02 after-the-bell, paring losses following a deeper sell-off just after the results were released.
Netflix says it doesn't expect the price increase to trigger significant cancellations, thought its second-quarter forecast implies otherwise.
Netflix still licenses shows like "Grey's Anatomy" from other studios and has also ramped up investments in its own programming to produce series like "Stranger Things". "This is made all the more prominent by the looming threat of competition from Disney and Apple".
That does not mean that I, and probably millions of others, won't eventually fork over money for Apple's new streaming service - the talent that Apple has recruited for its projects is a major draw, after all - it just means Apple can't just keep throwing money at talent and expecting viewers to jump on board based on promises alone. Revenue went up 22% to $4.52 billion. "Consumers associate Netflix with streaming". All this content will certainly make Disney+ a more attractive service and Disney CEO Bob Iger admits that the content was the reason Disney bought Fox.
Netflix said it is "excited to compete" with its new rivals, adding: "We don't anticipate that these new entrants will materially affect our growth".
Netflix spent US$7.5-billion on TV shows and movies for 2018, and executives have said that amount will grow in 2019.
More than a quarter of Netflix open interest is due to expire in the wake of Tuesday afternoon's first-quarter release, with bullish calls outweighing bearish puts.
Netflix confirmed it is testing higher prices for its plans last month with the people seeing prices of £10.99, £11.99 and £12.99 for the monthly subscription. "We believe well all continue to grow as we each invest more in content and improve our service and as consumers continue to migrate away from linear viewing (similar to how United States cable networks collectively grew for years as viewing shifted from broadcast networks during the 1980s and 1990s)", said Netflix.
Disney said it would include all 30 seasons of "The Simpsons", family-friendly titles like "The Sound of Music,"and "Malcolm in the Middle" and its forthcoming "space opera " series "The Mandalorian". Hulu, which is controlled by Disney, Comcast, and AT&T, had 25 million USA subscribers in 2018.
Analyst Neil Macker at Morningstar said Disney "came out swinging at its investor day with an aggressive price point" for its streaming service.
Last month, Netflix's VP for content Bela Bajaria began to lead the platform's worldwide non-English TV originals. "We're quite bullish on that and we'll see how it does", he said.
"It's a done deal", Çavuşoğlu said during the "NATO Engages" event in Washington, D.C., to mark the alliance's 70th anniversary. A Lockheed Martin F-35 Lightning II stealth jet fighter on the tarmac at Luke Air Force Base .
Woods victory at the 2019 Masters comes 14 years after his last win in 2005, the longest gap in history between wins at Augusta. This is a breaking news story. " Tiger! Tiger" echoing as loud as any of the roars on the back nine at Augusta National .
They came from a person who cared for me, who wanted my well-being, who saw me suffer during training and saw me sad. However, Chelsea are holding out for £100m despite Hazard having just over a year left on his contract.
Uber in 2018 had $11.3 billion revenue, up around 42 percent over 2017, but below the 106 percent growth the prior year. Lyft's IPO had excited investors for months, especially after the company increased its IPO share price range.
Defeat for the star-studded Royals side leaves them second-last on the table and facing an uphill battle to make the finals. There were mixed reactions to Dhoni's actions on twitter. "The skipper (Dhoni) coming on to the pitch cannot happen".
Chancellor Philip Hammond, a senior member of May's Cabinet, said Parliament should vote on whether to hold a second referendum . He said: "I've spoken out against a customs union , but I do want to see an outcome from these talks that can deliver Brexit".
The apex court said then it was appropriate to examine the scope of powers of the poll panel which is also a constitutional body. Since Khan had not given a similar assurance, the ban on him had continued.
The tiny bees - which were were pulled out intact and alive - flew into Ms He's eye as she cleaned around a relative's grave. They also drink tears for their high protein content, according to a study by the Kansas Entomological Society .
Ticket prices lower for Final Four championship game
But they didn't need to and won in overtime because guard Clark tapped the ball to Diakite, who came through. "That's all I want". However, another season ended Monday night, as college basketball wrapped up the 2019 Men's NCAA Tournament.
South Korea launches world's first national 5G networks
Neither KT nor SK Telecom use Huawei technology in their 5G networks, but it is a supplier to LG UPlus, the companies told AFP . Why this matters: People are mostly excited about the promise of ultra-fast 5G speeds: 500 to 1,500 megabits per second.
Trump says '100%' ready to shut down Mexico border
Kudlow, the Director of the National Economic Council, cautioned that the president has not made any final decisions . One auto industry analyst estimates that a shut down could halt auto production in most US factories within a week.
Tom Brady Joins Twitter to Announce His Retirement
Brady, who turns 42 in August, has addressed the subject of retirement before, saying he hopes to play until he is 45. And yes, Patriots fans and media members had a lot of thoughts and feelings about the tweet.