Netflix’s workplace culture, at its worst, can be “ruthless, demoralizing and transparent to the point of dysfunctional,” according to a Thursday report by The Wall Street Journal. It’s a surprising look inside the media giant. Unlike other tech companies, such as Amazon, that’ve been the subject of bruising exposés about workplace culture, Netflix has long …
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Netflix CEO Reed Hastings is writing the book that will give an inside look at his leadership strategy and the company’s culture, Netflix confirmed Wednesday. Business writer Erin Meyer will be co-author, and Penguin Press plans to publish it sometime next year. CNN first reported the news. Netflix’s culture is something the company has extensively defined and publicized. Its “culture deck,” a …
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Netflix CEO Reed Hastings played down the rollback of net neutrality regulations in the US. “Around the world net neutrality has won as a consumer expectation,” Hastings said Monday during a video discussion of Netflix’s second-quarter financial performance. “Broadly around the world consumers have the expectation and ISPs are delivering it,” he added, referring to Internet service providers. “The net neutrality advocates …
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Wall Street is a topsy-turvy world, and now Netflix is the media king on top of it. Thursday, Netflix’s market capitalization — finance-speak for the total value of its stock — crested higher than the market cap for Disney, previously the most valuable media company in the world. Netflix is worth about $153.8 billion compared with Disney‘s $152 billion, as of recent trading. Netflix surpassed …
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Netflix’s march to worldwide domination is tramping along. The streaming video service hit 125 million members in its first quarter, the company said in a better-than-expected earnings release Monday. The blowout quarter comes at a time of heightened annoyance at Netflix among some in the traditional filmmaking industry. Last month, Steven Spielberg said movies that have mere “token” theatrical runs …
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On the eve of Oscar nominations, Netflix was reveling in its popcorn fare. Netflix cheered its Hollywood-blockbuster flick “Bright,” a fantasy/action film starring Will Smith, as the company on Tuesday reported its best quarter ever for booking new members. “Bright” might have been panned by critics but it got high marks from Netflix execs for boosting membership. The news, hitting …
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Maybe the best way to characterize Netflix’s attitude about price hikes at the moment is that the company has no plans to increase your bill right up until it does. During a video interview about fourth-quarter earnings Monday, Netflix CEO Reed Hastings said the company has “no plans to try to repeat” price hikes “in the near term.” Last year, …
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Now playing: Watch this: T-Mobile’s latest perk: free Netflix 1:06 T-Mobile and Netflix are new BFFs. The primary beneficiaries of this new friendship will be subscribers to T-Mobile’s “One” unlimited data plans, many of whom will get access to Netflix for free, T-Mobile CEO John Legere announced Wednesday via spray paint on an “Un-carrier Next” webcast video. But the freebie only works if you …
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Netflix has something else to crow about beyond its 91 Emmy nominations. The streaming video service on Monday said it added 5.2 million new customers in the second quarter, up from 1.7 last year. In the US, the company added 1.07 million customers, up from 160,000 a year ago. While the US is still its core market, this quarter marked …
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Netflix on Thursday made a show of support for net neutrality in the ongoing debate over internet traffic regulation. “Netflix will never outgrow the fight for #NetNeutrality,” the company said on Twitter. “Everyone deserves an open Internet.” Net neutrality is the idea that internet traffic is treated equally and internet service providers can’t prioritize some traffic over others. Netflix …
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