quibi Quibi Shuts Down After Just Six Months Despite Billions in Funding Quibi, the mobile short-form video platform founded by Jeffrey Katzenberg, is shutting down and returning its remaining funds to investors after failing to attract enough subscribers.
netflix Netflix Shares Dip After Q3 Earnings Miss Subscriber Targets Netflix stock drops slightly after the streaming giant reports mixed Q3 results, beating revenue expectations but falling short on profitability and new subscriber additions.
netflix Netflix Adapts Hugo-Winning Sci-Fi Epic Three-Body Problem Netflix announces an English-language series adaptation of Cixin Liu's acclaimed Three-Body Problem trilogy, with Game of Thrones creators Benioff and Weiss leading the production.
apple Apple Blocks Microsoft xCloud and Cloud Gaming From iOS Devices Apple confirms it prohibits cloud gaming services like Microsoft xCloud from the iOS App Store, requiring each game to submit to individual reviews. Microsoft criticizes the decision as unfair, pointing out that Apple does not apply the same rules to streaming video or music apps.
ces 2020 CES 2020 Highlights 8K TVs and Streaming Integration The 2020 Consumer Electronics Show focuses heavily on advanced 8K televisions that seamlessly connect to popular streaming platforms. New technology like AI and 5G promises to revolutionize how viewers discover and consume entertainment at home and on the road.
netflix Netflix Falls Short of Q3 Subscriber Targets as Pandemic Boom Cools Netflix adds just 2.2 million subscribers in the third quarter of 2020, missing its own forecasts and Wall Street expectations as the initial pandemic surge fades.
netflix Netflix Surges to Record 16 Million New Subscribers Amid Global Pandemic Netflix gains nearly 16 million paid subscribers in the first quarter of 2020, doubling its initial forecasts as worldwide coronavirus lockdowns keep consumers at home.
netflix Netflix Surges Past Subscriber Expectations Despite Pandemic Uncertainty Netflix adds nearly 16 million subscribers in the first quarter, far exceeding Wall Street expectations. However, the streaming giant warns that future growth predictions are mostly guesswork due to the unpredictable timeline of global lockdowns.
jack dorsey Tech Leaders Pledge Billions as Pandemic Forces Factory Closures Jack Dorsey dedicates $1 billion of his Square equity to COVID-19 relief, while Tesla furloughs workers and extends its factory shutdowns through early May.
netflix Netflix Lowers Streaming Quality in Europe to Prevent Internet Overload Netflix reduces bitrates across European networks to keep the internet running smoothly as coronavirus lockdowns drive a massive surge in home usage.
netflix Netflix Lowers European Streaming Quality to Ease Internet Strain During Pandemic Netflix reduces video bitrates across Europe for 30 days to prevent coronavirus-related surges in viewership from overwhelming internet infrastructure. The change cuts network traffic by approximately 25 percent.
netflix Netflix Rejects Ad-Supported Model Despite Investor Pressure Netflix CEO Reed Hastings firmly rejects an ad-supported tier, arguing that competing with Google, Facebook, and Amazon for online ad revenue is too difficult and not worth the privacy trade-offs.
netflix Netflix Downplays Rivals But Admits Slowing US Growth Netflix reports steady global subscriber growth for Q4 2019 despite new competition, but acknowledges a dramatic slowdown in the US market.
netflix Netflix Introduces Smart Downloads to Automatically Manage Offline Episodes Netflix rolls out a new Smart Downloads feature that deletes watched episodes and automatically grabs the next one. The tool aims to save storage space and help users binge-watch offline without manual file management.
apps Facebook Dominates the Decade in App Downloads as Industry Hits $90 Billion App Annie's year and decade in review reveals that Facebook apps claim the top four most-downloaded spots over the past ten years. Meanwhile, the broader app industry sees consumer spending reach $90 billion in 2019 alone.