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Back in 2014, allowing people to share passwords was a "terrific marketing vehicle for the next generation of viewers," Plepler once told BuzzFeed. And yes, it looks like the crackdown may include families who share passwords with kids who are away at college. Even two analysts who follow Netflix acknowledged that their college-aged children are piggybacking on the family Netflix account for now. The company's terms of use require people to live at the same location to share a password. The company's terms of use already require customers to agree to Netflix tracking this information in order to deliver the service.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's focus on TikTok rival Reels is working, says Lightshed's Rich GreenfieldRich Greenfield, Lighteshed Partners partner, joins 'Halftime Report' to share his call of the day a buy for Meta, and detail the reasons behind his action.
"This was my road to Damascus experience, a turning point in my understanding of the role of talent density in organizations," Hastings wrote. Hastings credits the company's culture of internal transparency and innovation, which endows top-performers with unusual autonomy, for Netflix's success. "This is a big psychological change for Netflix," said Neil Saunders, managing director of GlobalData. "There's no big strategy shifts or big culture shifts," he said in a post-earnings video interview with an analyst. They'll also need to find new sources of revenue, including in video games -- where Netflix will confront established rivals.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix is back: LightShed's Rich Greenfield on the streaming giant's earningsLightShed Partners' Rich Greenfield weighs in on Netflix earnings. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Bonawyn Eison, Steve Grasso and Guy Adami.
An activist investor like Trian Partners' Nelson Peltz on Walt Disney 's (DIS) board could help prod the entertainment conglomerate to address its financial woes and implement much-needed changes to create long-term value for the company and its shareholders. "Lots of angry people ask me why I support Nelson Peltz for the Disney board, and I give a simple answer: What has this board done for its shareholders other than wipe out more shareholder money?" Nonetheless, Disney's board unanimously decided against offering Peltz a seat, according to an SEC filing the company submitted Tuesday. Peltz, whose next step in his fight is to convince voting Disney shareholders he deserves a board seat, has had success serving on several company boards. Wall Street has had a mixed reaction to Peltz's efforts to obtain a board seat.
Jacksonville, Fla.-based Fanatics said this week that Greg Abovsky started as chief financial officer for the collectibles business earlier this month. As CFO, Mr. Abovsky plans to build out the division’s finance team and its trading card business as it looks to expand. Fanatics plans to expand its portfolio into culture and entertainment cards, said Mike Mahan, chief executive officer of the collectibles business. Fanatics expects its collectibles business will fare well in the coming years, despite the threat of a potential downturn. Both Mr. Abovsky and Mr. Mahan declined to comment on if and when Fanatics could list on the public markets.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney realizes it needs to make streaming profitable, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins CNBC's 'Squawk Box' to discuss new ad-supported tiers from streaming services like Netflix and Disney+.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTC's concern Microsoft could monopolize gaming doesn't make sense, says LightShed's Brandon RossBrandon Ross, LightShed Partners tech analyst, joins 'Closing Bell' to discuss the FTC's attempt to block Microsoft’s acquisition of Activision Blizzard.
Of course, while Iger said Disney was all-in on streaming, the reality was it wasn't, and it still isn't. Part of that shift was Disney's realization that it likely wasn't going to hit its target of 230 million to 260 million Disney+ subscribers by 2024. Disney shares have fallen nearly 40% this year. Disney shares surged during the pandemic even as theme parks closed and movies were kept out of theaters. "The old plan can't be the new plan," Greenfield said.
Bob Iger is returning to Disney as CEO, ending the rocky tenure of his successor, Bob Chapek. This person said the board realized its chief executive simply wasn't up to the job after the high-level company executives shared their frustrations. "Bob Iger is one of the top executives of the last decade. Daniel and a handful of other top executives are expected to find out their fate in the next 24 hours, said the senior Disney Insider. "I'm really happy pleased that Bob Iger has accepted this has decided to come back at a critical time for the company," the senior Disney insider said.
The company reported that its Disney+ streaming service added 12.1 million subscribers in its most recent quarter, bringing the total subscribers to 164 million globally. In total, Disney has 235 million subscribers across its streaming services, which also include Hulu and ESPN+. Netflix, by comparison, has 223 million subscribers. Two years ago, at the height of the pandemic, Disney's subscriber growth might have satisfied investors. And Wall Street now isn't so much interested in subscriber growth as it is revenue.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightShed Partners' Rich Greenfield breaks down Meta's layoffs, Disney's Q4 earningsRich Greenfield, partner and co-founder of LightShed Partners, joins CNBC's 'Squawk Box' to discuss Meta's plans to reduce its workforce by 13%. Greenfield also breaks down shares of Disney after the company reported fiscal fourth-quarter earnings report, which disappointed Wall Street's estimates on Tuesday.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's cost cuts are not going to fix its problem, says LightShed's Rich GreenfieldRich Greenfield, partner and co-founder of LightShed Partners, joins CNBC's 'Squawk Box' to discuss Meta's plans to reduce its workforce by 13%.
In a response to a Twitter user asking about the layoffs, Musk tweeted: "This is false." Citing unidentified people familiar with the matter, the Times reported the cuts could begin as soon as Saturday. According to media reports on Saturday, Musk fired top executives in an effort to avoid hefty severance payouts, while lining up other layoffs as soon as Saturday. In a tweet on Saturday LightShed analyst Rich Greenfield said Musk fired top Twitter execs "for cause," preventing their unvested stock from vesting as part of a change of control. Reuters wasn't immediately able to contact the fired executives.
Oct 29 (Reuters) - Twitter's (TWTR.N) new owner Elon Musk fired top executives in an effort to avoid hefty severance payouts, while lining up other layoffs as soon as Saturday to avoid stock grants due on Nov. 1, according to media reports on Saturday. He had accused them of misleading him and Twitter investors over the number of fake accounts on the platform. In a tweet on Saturday LightShed analyst Rich Greenfield said Musk fired top Twitter execs "for cause," preventing their unvested stock from vesting as part of a change of control. Reuters wasn't immediately able to make contact with the fired executives. Citing unidentified people familiar with the matter, the Times reported the cuts could begin as soon as Saturday.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's Facebook is losing to TikTok on growth, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins CNBC's 'Squawk Box' to react to Meta's disappointing earnings report, which sent shares of the company lower in pre-market trading on Thursday.
Weakening ad revenue could compromise Meta's free cash flow
  + stars: | 2022-10-27 | 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 EmailWeakening ad revenue could compromise Meta's free cash flowEric Hippeau, Lerer Hippeau managing partner and co-founder, and Brandon Ross, LightShed Ventures general partner, join 'Closing Bell' to share their view on Meta shares dropping after it announced plans for further spending, areas for economic activity in the Metaverse, and the timeline for investment payoff.
Netflix added 2.4 million new subscribers in its most recent quarter, topping expectations that it would add 1 million. According to a Wedbush survey of Netflix users, he said, people most likely to opt into the ad-supported tier are those who would have otherwise quit the platform. Netflix has also foreshadowed a crackdown on password sharing, with plans to launch a paid family offering next year. Netflix estimates 100 million households worldwide are using shared passwords — 30 million of them in North America. On Monday, it introduced a “Profile Transfer” feature designed to let users who may be sharing a subscription opt into new a Netflix membership.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are realizing Netflix has growth ahead: LightShed's Greenfield on earningsLightShed Partners' Rich Greenfield breaks down Netflix earnings after the company beat on the top and bottom lines, and with Q3 sub numbers. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Guy Adami, Dan Nathan and Julie Biel.
Workweek is a media company built around a roster of 21 newsletter writers. This summer, the operations team at the business-focused media startup Workweek began brainstorming the best way to open a chicken restaurant. Regardless of whether Workweek begins selling chicken or not, the project is already a success in its CEO Adam Ryan's eyes. "One of the things that we wanted to answer was, could we make 10 times more revenue per subscriber than the average media company?" Heading into 2023, Workweek plans to expand its talent roster and grow into new content verticals.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe underlying theme for telecom stocks is price increases, says LightShed's Walter PiecykWalter Piecyk, LightShed Partners analyst, joins CNBC's 'Squawk Box' to break down the latest moves in telecom stocks like AT&T, Verizon, T-Mobile and more.
Insider interviewed top sports media leaders that are shaping the industry. Execs from ESPN, Amazon, CBS, and Overtime shared their favorite sports media and business podcasts. This evolution means that even the most established leaders in sports media are trying to keep up with how the industry is changing. Some of these podcasts tackle the sports media business directly, while others are more about the culture within sports. Here are six podcasts recommendations from some of the sports media industry's top executives, listed alphabetically.
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