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☆ Netflix is the dominant streaming service. So why is it changing its model?
▼ + stars: | 2024-04-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

CNN —Netflix, the dominant player in streaming, is expected to announce its first-quarter results on Thursday after enjoying months as a Wall Street darling. But much of the company’s past growth and success, analysts say, has come from its old, well-established business model. In recent months, Netflix has made moves to expand and even radically reinvent that business. Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but that paid off. Netflix’s reinventionFor Netflix, last month’s Oscars were a disappointment: Though the streaming service led its rivals in nominations, it took home just one award, for best live-action short film.

Persons: Peacock, ”, Ross Benes, ” Alicia Reese, “, Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, “ I’m, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, eMarketer, United States

☆ Netflix gained 9.3 million subscribers this year as it adjusts streaming strategy
▼ + stars: | 2024-04-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —Netflix, the dominant player in streaming, says it grew sales, profits and added more than 9 million subscribers as it revealed first-quarter results on Thursday. In total, Netflix now has 269.6 million subscribers, a record high. In recent months, Netflix has made moves to expand and even radically reinvent its business in an effort to juice profit. In January, Netflix announced it had acquired the exclusive rights to "WWE Raw" live, currently seen on Comcast's USA cable network. In January, Netflix’s president of advertising, Amy Reinhard, shared that Netflix’s ad-tier had more than 23 million users.

Persons: ”, eMarketer, Ross Benes, Wall, Peacock, ” Alicia Reese, “, Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, United States

☆ Equities will likely bottom by mid-October, says Voya Investment's Barbara Reinhard
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquities will likely bottom by mid-October, says Voya Investment's Barbara ReinhardBarbara Reinhard, Voya Investment Management CIO of multi-asset strategies and solutions, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path outlook, impact of the 2024 elections on the equity market, and more.

Persons: Voya Investment's Barbara Reinhard Barbara Reinhard Organizations: Voya Investment

Russian forces captured the longtime Ukrainian stronghold of Avdiivka before dawn on Saturday, Moscow’s first major battlefield gain since it took Bakhmut last May. Russia’s assault has split into five major lines of attack, spanning towns and cities across much of the front in eastern and southern Ukraine. AvdiivkaRussia captured a longtime Ukrainian stronghold. But for the better part of a decade it carved a bulge in the front line that undermined critical Russian logistical operations. It sits only a few miles from the city of Donetsk, which Russia has occupied since 2014.

Persons: Moscow’s Organizations: Avdiivka Locations: Ukraine, Ukrainian, Avdiivka, Avdiivka Russia, Donetsk, Russia

☆ Premarket stocks: why over-optimistic investors may want to pump the brakes
▼ + stars: | 2024-01-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

There’s plenty for investors to celebrate right now, but a look under the hood reveals quite a bit of decay. But it’s largely Big Tech that’s driving markets higher, and that concentration of gains in so few stocks carries inherent risk. But investors are adjusting expectations: Investors eventually get used to strong data, and come to expect it. “It’s hard for data to keep surprising in the same direction, since investors simply adjust their expectations,” said Allen. Just one month ago, more than 75% of investors thought the central bank would cut rates at their March meeting.

Persons: Bell, Debbie Downer, Wall, Dow, Germany’s DAX, Henry Allen, ”, Allen, Christopher Waller, That’s, Bill Gates, Larry Fink, Chris Isidore, “ I’m, Scott Kirby, they’ve, ” Kirby, Boeing Max, Max, Kirby, “ We’re, Samantha Delouya, Amy Reinhard, Netflix’s, “, we’ve Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Investment, Deutsche Bank, Big Tech, Federal Reserve, University of, National Association of Business Economics, University of Michigan, Fed, ” Financial, BlackRock, Boeing United Airlines, Boeing, United, CNBC, Alaska Airlines, Federal Aviation Administration, United Airlines, Refinitiv, Max, FAA, Netflix Locations: New York, Europe

☆ Netflix shares pop 10% as streamer adds 13.1 million subscribers, tops revenue estimates
▼ + stars: | 2024-01-23 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Netflix now has 260.8 million paid subscribers, a new record for the service, it said when it reported quarterly results after the bell Tuesday. The subscriber growth easily tops the 8.76 million paid membership adds Netflix reported in the third quarter. The company also blew past Wall Street's fourth-quarter expectations of 8 million to 9 million. The company posted revenue of $8.83 billion for the quarter, up from $7.85 billion in the year-ago quarter. That's up from 15 million that the company reported in November.

Persons: Wall, We're, foresees, Amy Reinhard, it's, Greg Peters, Peters Organizations: ANGELES, Netflix, Wall, LSEG, U.S ., WWE Raw, Investors, Variety Entertainment, CES

☆ Earnings report: Netflix releases their fourth quarter numbers as their stock jumps
▼ + stars: | 2024-01-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —Netflix announced a major boost in sign-ups in the fourth quarter on Tuesday. The company added more than 13 million subscribers for the quarter, compared to Wall Street’s expectation of 8.7 million. While Netflix added 1.2 million paid subscribers in the fourth quarter in the US, much of the strongest subscriber growth came internationally from Europe and Asia. The company posted revenue of $8.8 billion for the fourth quarter but came short of Wall Street’s expectations for earnings-per-share at $2.11, according to Factset estimates. The fourth quarter also saw a big expansion in Netflix’s video game offering.

Persons: Amy Reinhard, Netflix’s, “, we’ve, We’re Organizations: CNN, Netflix, Gaming, WWE, USA, Formula, Theft Locations: Europe, Asia

☆ Netflix earnings: Will the streaming service continue to make profit into 2024?
▼ + stars: | 2024-01-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Netflix, which is in a quiet period ahead of earnings, declined CNN’s request for comment. In November, Netflix aired its first-ever live sports event, and its third-ever foray into live programming, called “The Netflix Cup,” a crossover competition between Formula 1 drivers and professional golfers. “We are investing heavily in increasing our live capabilities,” Netflix’s co-CEO Ted Sarandos said on the company’s earnings call in October. Next, Netflix plans to experiment with a new type of live programming: award shows. But even before the announcement, the number of shows and original programming Netflix churned out had already hit its peak, according to data analyzed by MoffettNathanson.

Persons: ’ ”, Jessica Reif Ehrlich, Reed Hastings, Amy Reinhard, Netflix’s, Reif Ehrlich, Philip Pacheco, ” Netflix’s, Ted Sarandos, Greg Peters, ” Peters, Matthew Harrigan, ”, Scott Stuber, Max, Peacock, MoffettNathanson, Harrigan, ” Harrigan Organizations: Los Angeles CNN, Netflix, Warner Bros, Bank of America, Guild of America, Netflix Inc, Bloomberg, Getty, Formula, Theft, Amazon, Hulu, Disney, Paramount Locations: Hollywood, FactSet

☆ Why Netflix, Disney, and other Hollywood companies are flocking to CES this year
▼ + stars: | 2024-01-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Advertising and marketing pros made up 7% of CES' attendees in 2023, per CES. Look for topics like the creator economy and the rise of artificial intelligence to dominate the conversation for advertisers, Kassan added. And Roku, which is closing in on its search for a new ad sales head, is sending a large contingent. The cost advertisers pay for streaming ads is expected to decline as platforms release more inventory, particularly with Amazon unleashing ads on Prime Video. Advertisers also have more options with the fast-growing FASTs (free, ad-supported streaming TV channels), which primarily offer older TV shows and movies.

Persons: David Benioff, Weiss, Alexander Woo, Amy Reinhard, execs, It's, who'll, Patrick Pannett, Michael Kassan, Evan Spiegel, Kassan, — that's, Rita Ferro, NBCUniversal's Mark Marshall, NBCU's Peacock, NBCUniversal, Peacock, NBCU, Tanner Elton, Amy McDevitt, Ludacris, Jon Steinlauf, GroupM Organizations: Netflix, CES, Business, Consumer Technology Association, Madison Avenue, Walmart, Disney, Nexstar Media Group, Nvidia, Paramount, CTA, Tech, NBC, Bravo, Amazon Ads, Warner Bros, Magna, CTV, Hulu, Intelligence, Prime Video Locations: Las Vegas, Peacock

☆ Europe's problems are far bigger than a shallow recession
▼ + stars: | 2023-11-14 | by ( Balazs Koranyi | ) www.reuters.com time to read: +5 min

Deep structural problems mean Europe is bound to trail most other big economic areas for years to come. The labour market remains tight and the world economy is rebounding, so external demand is also likely to be healthier. Fearing it will be difficult to hire in future, firms are now hanging onto workers, creating even more labour market tightness, potentially fuelling wage growth and weakening productivity. The potential growth rate for Europe's largest economy is now below 1%. European Union governments are meanwhile struggling to reach consensus on bigger questions that will help shape the future.

Persons: Philip Lane, Erik Nielsen, Eric Gaillard, Europe's, There's, Lane, Reinhard Cluse, Mark John, Catherine Evans Organizations: Central Bank's, REUTERS, European Commission, UBS, European Union, Thomson Locations: FRANKFURT, Europe, Nice, France, United States, Germany

☆ Volkswagen aims to bring under-$35,000 EV to US in 3-4 years-VW executive
▼ + stars: | 2023-11-09 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

A charging handle recharges a Volkswagen ID.4 electric vehicle (EV) parked at an EV charging station inside a parking garage owned by the City of Baltimore, in Baltimore, Maryland, U.S., March 23, 2023. Speaking at the Reuters Events Automotive USA 2023 conference in Detroit, Fischer said VW plans to build the under-$35,000 EV in the United States or Mexico. VW also is looking at localizing assembly of battery packs for the under-$35,000 EV to qualify for additional incentives under the U.S. Inflation Reduction Act, Fischer said. The German automaker previously has announced plans to build battery cells in Canada for its current and future North American-built EVs. Reporting by Paul Lienert in Detroit; Editing by Mark Porter and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Bing Guan, Nio, Reinhard Fischer, Ganesh Iyer, Fischer, Iyer, Paul Lienert, Mark Porter, Sharon Singleton Organizations: Volkswagen, EV, City, REUTERS, Rights DETROIT, EVs, VW Group of America, Nio, Reuters, Automotive, VW, U.S, Thomson Locations: City of Baltimore, Baltimore , Maryland, U.S, North America, Detroit, United States, Mexico, Chattanooga , Tennessee, Puebla, South Carolina, Canada

☆ The face of Juanita, the ‘Ice Maiden’ mummy, has been revealed
▼ + stars: | 2023-11-03 | by ( Manav Tanneeru | Ashley Strickland | ) edition.cnn.com time to read: +7 min

Reinhard and Zarate spotted a bundle of cloth, and lifting it, they found themselves looking into the Ice Maiden’s face. Studies have revealed that Juanita was a healthy girl between 13 and 15 when she died from a blow to the head. Nilsson used tissue depth markers based on the measurements of her skull to envision the proportions of her face, which included high cheekbones. Tissue depth markers and CT scans helped Oscar Nilsson reconstruct the Ice Maiden's face. For the researchers who have spent years studying Juanita, the arduous process to bring her back to life was worth it.

Persons: ” Juanita, Ampato, Oscar Nilsson, Juanita, ”, Dagmara, bioarchaeologist, Socha, Johan Reinhard, Miguel Zarate, Reinhard, Zarate, Nilsson, ” Nilsson, capacocha, —, Pichu, ” Socha Organizations: CNN, Center, Andean Studies, University of Warsaw, Catholic University of Santa, Sanctuaries, Centro Textiles, Visitors Locations: Ampato, Swedish, Peru, Peruvian, Chile, Catholic University of Santa María, Chinchero, Cusco, Inca, Chachani

☆ Netflix ad-supported tier has 15 million subscribers, triple the previous count
▼ + stars: | 2023-11-01 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Netflix said Wednesday its cheaper, ad-supported tier has amassed 15 million global monthly active users. The streaming giant introduced its ad-supported plan alongside a password-sharing crackdown in an effort to drive revenue amid slowing subscriber growth. Netflix has been looking to amp up its ad tier with new features for advertisers and users alike. Members of the ad tier can also expect some new features coming their way. Netflix said it will roll out higher 1080p streaming resolution for ad tier users in addition to 720p.

Persons: Amy Reinhard, Reinhard Organizations: Netflix, Wall, CNBC PRO Locations: Los Angeles

☆ A 500-Year-Old Inca Mummy in Peru Now Has a Face
▼ + stars: | 2023-11-01 | by ( Johnny Diaz | More About Johnny Diaz | ) www.nytimes.com time to read: +1 min

The well-preserved remains of the girl, who was found in a sitting position, were naturally mummified in the freezing environment and had been entombed in ice. Mr. Reinhard said he had always imagined what the girl’s face looked like. “It was a shock when I saw, for the first time, Juanita’s face,” Dr. Reinhard said at the unveiling ceremony. He added: “I never thought I would see her face when she was alive. Now 28 years later, it has become a reality.”The girl is believed to have been 13 to 15 years old when she died.

Persons: Johan Reinhard, Reinhard, ” Dr, “ Organizations: Johns Hopkins University Locations: Peruvian, Caylloma, Baltimore

☆ Researchers reconstruct the face of a teenage mummy believed to have been sacrificed in an Inca ritual more than 500 years ago
▼ + stars: | 2023-10-26 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Researchers recreated the face of an Inca girl who was believed to have been sacrificed atop a volcano more than 500 years ago. AdvertisementAdvertisementArcheologists have recreated the possible face of Peru's famous mummy — a teenage girl believed to have been sacrificed in an Inca ritual to the gods more than 500 years ago in the Andes. "I thought I'd never know what her face looked like when she was alive," Reinhard told The Associated Press. Oscar Nilsson, the Swedish archeologist and sculptor, told The AP he spent about 400 hours of work on modeling Juanita's face. AdvertisementAdvertisementAnthropological studies put Juanita's likely age between 13 and 15 years old when she died sometime between 1440 and 1450 AD.

Persons: —, Ampato, Juanita, Johan Reinhard, Miguel Zárate, I'd, Reinhard, Oscar Nilsson, Dagmara, Juanita's Organizations: Service, Associated Press, Sanctuaries, Catholic University of Santa, AP, University of Warsaw's Center, Andean Studies, Johns Hopkins University, BBC, Penn Museum's Expedition Locations: Swedish, Peru, Catholic University of Santa Maria, Arequipa, Polish

☆ Scientists unveil recreation of sacrificed Inca maiden in Peru
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ros Postigo Acquire Licensing RightsAREQUIPA, Peru, Oct 24 (Reuters) - The reconstructed head and torso of a young girl likely sacrificed to appease Incan gods was unveiled in Peru on Tuesday, with three-dimensional scans of her mummy helping produce the lifelike recreation more than 500 years after her death. But some time before then, the girl was sacrificed by a blow to the head, possibly in a ritual ceremony that sought divine relief from natural disasters, according to the scientists. It includes colorful attire, head covering and adornments, similarly based on the scans of the mummy. "Seeing her face like when she was alive, it's a different experience because it seems so real," he said. Reporting by Pocho Torres and Carlos Valdez; Writing by David Alire Garcia; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Ros Postigo, Ampato, Juanita, It's, Johan Reinhard, Pocho Torres, Carlos Valdez, David Alire Garcia, Raju Gopalakrishnan Organizations: Catholic University of Santa, REUTERS, Rights, Thomson Locations: Catholic University of Santa Maria, Arequipa, Peru, Rights AREQUIPA, Poland, Peru's, South America

LIMA, Peru (AP) — The possible living face of Peru’s most famous mummy, a teenage Inca girl sacrificed in a ritual more than 500 years ago atop the Andes, was unveiled Tuesday. The silicone-made bust portrays a young woman with pronounced cheekbones, black eyes and tanned skin. Political Cartoons View All 1218 Images“Now 28 years later, this has become a reality thanks to Oscar Nilsson’s reconstruction,” he said. According to anthropological studies, Juanita was sacrificed between A.D. 1440 and 1450, when she was between 13 and 15 years old. “These findings have helped us better understand her life and the Inca culture," he said.

Persons: I’d, ”, Johan Reinhard, Juanita ”, ” Reinhard, Oscar Nilsson’s, Nilsson, Dagmara, Juanita, Reinhard Organizations: Sanctuaries, Catholic University of Santa, Associated Press, University of Warsaw’s Center, Andean Studies, Johns Hopkins University Locations: LIMA, Peru, Swedish, Catholic University of Santa Maria, Arequipa, “, U.S, Polish

ECB chief Christine Lagarde may stick with the high-for-longer mantra that has pushed up long-dated bond yields. A weakening economy meanwhile suggests the need for further tightening is limited but the ECB is likely to push back against rate-cut speculation. ECB chief economist Philip Lane says the ECB will need time, possibly until next spring, before it can be confident that inflation is coming down. The ECB expects headline inflation to ease to 3.2% in 2024 from an average of 5.6% in 2023. Oil price moves, inflation outlook shifts4/ What does the ECB do if things go wrong with Italy?

Persons: Christine Lagarde, Johanna Geron, Francis Yared, Philip Lane, Lagarde, PEPP, Reinhard Cluse, Chris Jeffrey, Cluse, ING's Brzeski, Dhara Ranasinghe, Stefano Rebaudo, Naomi Rovnick, Susan Fenton Organizations: European Central Bank, Parliament's, Economic, Monetary Affairs, REUTERS, ECB, Deutsche Bank, Reuters Graphics Reuters, UBS, Reuters, Legal, General Investment Management, Treasury, Thomson Locations: Brussels, Belgium, Europe, United States, Italy, Germany

☆ Who's funding Hamas?
▼ + stars: | 2023-10-22 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementFor Iran, Levitt said, funding Hamas ultimately offers a financially and politically inexpensive way to undermine Israel's stability and increase the pressure against their adversaries while maintaining an air of deniability regarding its involvement. Both Asal and Levitt told Insider the funds from that transaction had little to do with the latest escalation in the conflict between Hamas and Israel. As with many terrorist organizations that control swaths of land or trade routes, Hamas gets funding through taxation, extortion, smuggling, kidnapping, and robbery, Asal told Insider. Money laundering and cryptoTo move all its money around, Levitt said, Hamas relies largely on cryptocurrency transactions and trade-based money laundering to avoid being easily tracked. "And that also allows Hamas to divert money from providing for its people to support its war machine."

Persons: —, Victor Asal, France —, Matthew Levitt, they're, Levitt, Biden, Asal, Reinhard, it's, Alex Zerden Organizations: Hamas, International, Service, European Union, Israel, Center for Policy Research, University of Albany, State University of New, US Treasury, Department, Land Foundation for Relief, Development, Federal Bureau of, Washington Institute for Near East, State Department, US, Street Locations: Gaza, United States, State University of New York, Switzerland, Austria, Lebanon, France, Iran, Israel, Egypt, Qatar, East, North Africa

☆ KPMG hit with record fine for 'textbook failure' in Carillion audits
▼ + stars: | 2023-10-12 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

The Financial Reporting Council (FRC) said the number, range, and seriousness of the deficiencies in the audits of Carillion were exceptional, resulting in the watchdog's highest ever fine. On occasions, KPMG audit partner Peter Meehan told his team to record his review of working papers without having done a review, the FRC said. Meehan, no longer with KPMG, was fined 350,000 pounds after a discount to reflect his cooperation and admission of failures. It would have been 30 million pounds, but was discounted due to admissions and co-operation by the auditor. KPMG was fined 14.4 million pounds last year after providing false and misleading information to the FRC during spot checks on audits of Carillion and outsourcing firm Regenersis.

Persons: Reinhard Krause, Carillion, Richard Moriarty, Moriarty, Peter Meehan, Meehan, Jon Holt, Holt, Huw Jones, Sharon Singleton, Mark Potter Organizations: KPMG, Canary, REUTERS, BHS, Council, FRC, PwC, Deloitte, EY, Thomson Locations: London, Britain

☆ 'They just come, take a nice selfie ... and leave.' Overtourism returns, but cities are fighting back
▼ + stars: | 2023-10-09 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +7 min

Many cities have come full circle to worrying about too many tourists rather than too few. "They just come, take a nice selfie, publish them on social media, increase the popularity of this place … and leave," she said. And an additional 50 million international tourist arrivals are expected per year — mostly from Asia — between now and 2030, according to the U.N.'s World Tourism Organization. James Matsumoto| Sopa Images | Lightrocket | Getty ImagesSome travelers supported Bhutan's $200 per day Sustainable Development Fee, which was announced in 2022. Managing 'tourist flow'The United Nations World Tourism Organization secretary-general, Zurab Pololikashvili, told CNBC Travel that the key to overcoming overtourism lies in "tourist flow."

Persons: Lionel Saul, Tatyana Tsukanova, What's, Tsukanova, Reinhard Hormandinger, Saul, Jesus Merida, It's, Luca Zanon, Ivan Saprov, Saprov, Miyajima, James Matsumoto, Zurab Pololikashvili, overtourism, Jon Hicks, —, Darrell Wade, Reinhard Hoermandinger Organizations: Hospitality Business, United Nations, Asia —, Tourism Organization, South, Afp, Getty, Guardian, daytrippers, CNBC, United Nations World Tourism Organization, CNBC Travel, Stone, Japan Times, Intrepid Travel Locations: Lausanne, Switzerland, Asia, South Korean, Machu Picchu, Peru, Acropolis, Athens, Borobudur, Indonesia, Sardinia, Venice, Bora Bora, Amsterdam, Spanish, Malaga, Spain, France, trialing, daytrippers . New, Valencia, Manchester, England, Thailand, Iceland, U.S, Bali, Germany, Yogyakarta, Labuan Bajo, Lake Toba, Austria

Live Vote Count: House Decides Whether to Oust McCarthy as SpeakerLIVE Vote tally to remove McCarthy Answer Democrats Dem. Republicans Rep. Total Yes 0 0 0 No 0 0 0 Source: C-SPAN Note: House members can change their votes up to the end of the voting period. Late votes or changes may not be reflected until the House clerk publishes the full accounting of votes. Without support from the far-right members, given Republicans’ narrow majority, Mr. McCarthy will need some protective action from across the aisle if he is to retain his position. If enough Democrats vote in his favor, vote “present” (neither for nor against) or simply do not show up, the bar for a majority could be low enough for Mr. McCarthy’s supporters to clear it.

Persons: McCarthy, Kevin McCarthy, they’d, Matt Gaetz, Gaetz, McCarthy’s Organizations: Dem, Republicans Locations: Florida

☆ Netflix replaces top ad exec after one year in surprise shakeup, putting a company insider in charge of the growing business
▼ + stars: | 2023-10-03 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Netflix replaced its top advertising executive, Jeremi Gorman, after just a year, in a surprise shakeup of its nascent ads business. Insiders said they believed the choice of Reinhard to replace Gorman was a move designed to help sell the advertising business internally. But she's been with the company since 2016 and is known as a level-headed exec who understands the Netflix culture well. This summer, the company eliminated its lowest-priced ad-free tier to incentivize customers to sign up for the ads tier. We've built a world-class team and laid the foundations needed to create a forever ads business."

Persons: Jeremi Gorman, Gorman, Peter Naylor —, Amy Reinhard, Naylor, Reinhard, Greg Peters, Eunice Kim, Elizabeth Stone, she's, She's, they've, We've, Spencer Neumann, Peters Organizations: Netflix, Microsoft, Yahoo

How Every Representative Voted on McCarthy’s Stopgap Funding BillSpeaker Kevin McCarthy on Friday unsuccessfully put forward a long-shot measure to provide stopgap funding for the federal government and avoid a shutdown. The effort failed when Democrats in the House and hard-right members of Mr. McCarthy’s own party, who had vowed not to back a stopgap spending bill under any circumstances, opposed the measure. Republicans Rep. Total Bar chart of total votes Yes 0 0 0 Needed to pass No 0 0 0 Note: See a breakdown of individual member votes below. Even if the House had passed the measure, which included vastly reduced stopgap funding for the government as well as severe immigration restrictions, it was exceedingly unlikely to pass the Democratic-controlled Senate. How Every Representative Voted

Persons: Kevin McCarthy, McCarthy’s Organizations: Dem, Democratic

BERLIN, Sept 19 (Reuters) - Germany's interior ministry is planning to force telecoms operators to slash the use of equipment from Huawei (HWT.UL) and ZTE in their 5G networks after a review highlighted an over-reliance on these Chinese suppliers, a government official said. Huawei currently accounts for 59% of Germany's 5G RAN networks, according to a survey by telecommunications consultancy Strand Consult. The interior ministry wants to present its approach to cabinet from next week but could face resistance from the ministry for digital affairs due to concerns it might affect Germany's already slow progress with digitalization. Germany is considered a laggard in implementing the European Union's toolbox of security measures for 5G networks. The interior ministry did not immediately reply to a request for comment.

Persons: Nancy, Faeser, Reinhard Brandl, Andreas Rinke, Sarah Marsh, Sabine Wollrab, Mark Potter Organizations: Huawei, Deutsche Telekom, Vodafone, Germany's, Strand, ZTE, Thomson Locations: Berlin, Germany, China

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