Business

Netflix stock, which went into today’s Nasdaq session already down 16% in 2022 to date, is getting blitzed in mid-day trading. Midway through the trading day, the stock had managed to crawl back above $400 from a session low of $380 but was still down a remarkable 20%. Trading volume was more than 10 times
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EXCLUSIVE: Lucifer, a drama that debuted on the Fox broadcast network before becoming a Netflix show in 2018, topped Nielsen’s list of the most-streamed original series of 2021 in the U.S. (See the full charts below, with the top 15 original, acquired and movie titles.) The 93 total episodes of the series netted more than
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People should “get back to work” after Plan B rules were eased, the business secretary has said. Kwasi Kwarteng extolled the benefits of office-based staff interacting directly as he called for a return to “some degree of normality”. The comments came after the government this week dropped working from home guidance that was reintroduced late
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The Netflix team played it cool Thursday as CFO Spencer Neumann attempted to reassure Wall Street that “there’s no structural change in the business that we see.” The company’s shares had plunged 20% in after-hours trading earlier Thursday, pulling media stocker down. Execs speaking on a post-earnings video Q&A shrugged off the slower than anticipated
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UPDATE: Hannah Price, daughter of rock musician Chris Daughtry, died by suicide, her family said in a statement reported by People magazine. Price, 25, was under the influence of narcotics on Nov. 12 at her home in Fentress County, Tennessee. the family said. “Our beloved Daughter Hannah Price passed away on November 12th, 2021,” the statement
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UPDATE, 7:26 PM PT: Democrats efforts to pass voting rights legislation stalled again in the Senate, as they fell short in securing a filibuster rules change that would allow them to clear the bills with a simple majority. The failure of the legislation was expected, after Sen. Kyrsten Sinema (D-AZ) and Sen. Joe Manchin (D-WV)
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The governor of the Bank of England has voiced “concern” that inflationary pressures in the UK economy could prove more stubborn than it expected. Andrew Bailey told a committee of MPs a key element of this was market forecasts since Christmas of higher than normal natural gas costs through 2023 as households and businesses grapple
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 As The Simonetta Lein Show continues to kick off the year of 2022, the show continues its series of panel interview episodes, showcasing local and international entrepreneurs, business owners, and artists, looking to share their industry insights and experiences. For the 12th consecutive panel episode, The Simonetta Lein Show showcases the topic, “How Can You
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Filmhub, which bills itself as a Substack-like solution for independent filmmakers looking to profit from streaming without forfeiting rights to their work, has raised a $6.8 million seed funding round. The round was led by a16z and included the participation of 8VC, FundersClub, Eleven Prime and several individual investors working in the tech sector. Along
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Inflation climbed to 5.4% last month, its highest rate since March 1992, as Britain’s cost of living squeeze intensified, official figures show. The consumer price index (CPI) measure of inflation, up from 5.1% in November, was higher than economists had expected. It comes a day after official data showed wage rises for UK workers are
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Gov. Kathy  Hochul proposed extending New York State’s film and television production tax credit by three years — through 2029 – in a budget she presented today. The proposed executive budget plan for fiscal 2023 doesn’t elaborate on the credits – they show up as a line item in a section of chart called ‘Other
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