YouTube overtakes Netflix as teen video destination of choice

American Teens have put YouTube ahead of Netflix as their video destination of choice for the first time.  This is according to the semi-annual Taking Stock With Teens survey from investment bank Piper Jaffray.  Of the 9,500 teens surveyed across 42 states, 37% said that YouTube was their favoured platform for video consumption on a […]

Italian authorities launch tax probe into Netflix

The Milan Public Prosecutor has opened an investigation into possible tax avoidance by Netflix in Italy, according to press reports. According to Il Corriere della Sera, chief prosecutor Francesco Greco has charged deputy Gaetano Ruta with investigating Netflix’s tax affairs, even though the company does not have a physical presence in the country in the […]

Parrot Analytics: Dutch joy for Stranger Things

Stranger Things has regained its place atop Parrot Analytics’ originals in-demand chart, with the retro sci-fi series dominating attention in the Netherlands for the week ending September 24. Parrot Analytics analyses the demand for recent popular digital titles across international markets, based on the application of artificial intelligence to expressions of demand across social media, […]

Netflix shares set for worst quarter in seven years

Netflix’s shares took another tumble on Tuesday, setting the company on course for its deepest quarterly decline since 2012.  The streamer’s stock price dropped nearly 4% after two analysts further highlighted the threat of the upcoming Disney+ to Netflix’s market share.  Pivotal Research drastically cut its price target for Netflix’s stock from US$515 to US$350, […]

Netflix CEO admission causes stock to plummet

Shares in Netflix took a nosedive following CEO Reed Hastings’s admission that Disney+ and Apple TV+ will provide the company with additional competition. The statement, made while speaking at the Royal Television Society conference in Cambridge, is not surprising to anyone following the industry, but it was evidently enough to spook shareholders as the price […]

Netflix spends big on Seinfeld rights

Netflix has picked up global streaming rights to US sitcom Seinfeld in a major coup for the business. The streaming giant has struck a deal with Sony Pictures Television for all nine seasons of the show, which are set to launch on the platform in 2021. The five-year deal comes on the back of Netflix losing […]

Canal+ announces Netflix bundle deal

French pay TV operator Canal+ has announced a partnership with Netflix that will see the streaming service included in its bundles. From October 15, subscribers to Canal+’s Cine/Series package will have access to the Canal+ premium channel in addition to the Netflix service. The €15 per month bundle will include the standard Netflix package of […]

Video over 60% of internet traffic; Netflix alone is 12%

Video makes up over 60% of the total downstream volume of traffic on the internet, a new report claims. According to the 2019 Global Internet Phenomena Report from network intelligence firm Sandvine, video is dominant on the internet. Netflix alone accounts for 12.60% of the total downstream volume of traffic across the entire internet and […]