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☆ Introducing Ads Is a Good Tactic for Netflix, Hastings Says
▼ + stars: | 2022-11-30 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

NOW PLAYINGIntroducing Ads Is a Good Tactic for Netflix, Hastings Says0:58Zuckerberg Says Social Media Is Still the Primary Focus of Meta1:05Amazon Will Challenge Staten Island Union Election, C.E.O. Says1:21Ben Affleck Says His New Movie Studio Will Be ‘Radically Different’1:04BlackRock C.E.O. Discusses FTX Crypto Exchange Collapse1:09Zelensky Derides Musk’s Peace Proposal for Ukraine and Russia1:05Yellen Urges More Regulation of Cryptocurrencies after FTX Collapse1:00Starbucks Workers Strike at Stores Nationwide1:40Fed Raises Interest Rates in Fight Against Inflation2:16British Prime Minister Vows to Raise Corporate Tax Rate1:15Three Economists Awarded Nobel Prize for Banking Crisis Research1:35

☆ Zuckerberg Says Social Media Is Still the Primary Focus of Meta
▼ + stars: | 2022-11-30 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

0:58Introducing Ads Is a Good Tactic for Netflix, Hastings SaysNOW PLAYINGZuckerberg Says Social Media Is Still the Primary Focus of Meta1:05Amazon Will Challenge Staten Island Union Election, C.E.O. Says1:21Ben Affleck Says His New Movie Studio Will Be ‘Radically Different’1:04BlackRock C.E.O. Discusses FTX Crypto Exchange Collapse1:09Zelensky Derides Musk’s Peace Proposal for Ukraine and Russia1:05Yellen Urges More Regulation of Cryptocurrencies after FTX Collapse1:00Starbucks Workers Strike at Stores Nationwide1:40Fed Raises Interest Rates in Fight Against Inflation2:16British Prime Minister Vows to Raise Corporate Tax Rate1:15Three Economists Awarded Nobel Prize for Banking Crisis Research1:35

☆ U.S.-Backed Researchers Use AI to Probe for Weaknesses in Drug Supply Chains
▼ + stars: | 2022-11-30 | by ( Richard Vanderford | ) www.wsj.com time to read: +6 min

The U.S. Department of Homeland Security has approved research that will use artificial intelligence to delve into drug supply chains and probe for weaknesses, including foreign influence. Any overreliance on foreign inputs in drug supply chains could leave the U.S. open to dire shortages in the event of conflict or natural catastrophe. PREVIEWThe DHS-backed dive into drug supply chains will examine to what extent the supply of drugs might be susceptible to disruption. The new DHS-backed study will try to map out supply chains several layers deep, and potentially uncover previously hidden issues, Mr. Tuchman said. Consultant Steven Lynn says the pandemic opened people’s eyes to issues inherent in far-flung pharmaceutical supply chains.

☆ We're interested in customer satisfaction, says Reed Hastings of the limited 'Glass Onion' release
▼ + stars: | 2022-11-30 | 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 EmailWe're interested in customer satisfaction, says Reed Hastings of the limited 'Glass Onion' releaseNetflix CEO Reed Hastings speaks at the NYT/DealBook conference on why the company did such a limited theatrical release of its movie, 'Glass Onion.'

☆ Elon Musk is the bravest, most creative person on the planet, says Netflix's Reed Hastings
▼ + stars: | 2022-11-30 | 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 EmailElon Musk is the bravest, most creative person on the planet, says Netflix's Reed HastingsReed Hastings, Netflix co-CEO, meets with Andrew Ross Sorkin at The New York Times' DealBook Summit and offers his opinion on what Elon Musk is doing at Twitter.

☆ Netflix CEO calls resisting ads a mistake
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: 1 min

Nov 30 (Reuters) - Netflix Inc (NFLX.O) co-founder Reed Hastings said on Wednesday he was "wrong" to resist ads for his streaming service. Hastings said Hulu proved streaming services could support advertising, and offer consumers lower prices. "I wish we had flipped a few years earlier on it," Hastings said during the New York Times DealBook summit. Reporting by Dawn ChmielewskiOur Standards: The Thomson Reuters Trust Principles.

☆ Silicon Valley leaders welcome Elon Musk's management of Twitter
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - Silicon Valley leaders welcomed Elon Musk's management of Twitter, with Netflix (NFLX.O) co-founder Reed Hastings going so far as to call the billionaire "the bravest, most creative person on the planet." Meta Platforms (META.O) CEO Mark Zuckerberg on Wednesday said he was keen to see how Elon Musk's management of content moderation on Twitter would fare, arguing it was good for platforms to take different approaches. "I would guess that not everything is going to work, but I think some things might work," he said. Hastings said Musk has a different management style than his own but added: "I'm 100% convinced he's trying to help the world with all of his endeavors." "It's not how I would do it, but I'm deeply respectful," said Hastings.

☆ Netflix co-CEO calls Elon Musk the 'bravest, most creative person on the planet,' says people should 'give the guy a break'
▼ + stars: | 2022-11-30 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Netflix co-CEO Reed Hastings called Elon Musk "the bravest, most creative person on the planet." He added that their styles are different, but that Musk is "trying to help the world" by buying Twitter. Hastings said he is "100% convinced that he is trying to help the world in all of his endeavors," including buying Twitter. Musk has caused a stir with his changes since buying Twitter. Musk, who styles himself as a "free speech absolutist," has called the new blue-check system "the great leveler."

Netflix founder and co-CEO Reed Hastings said Wednesday he was slow to come around to advertising on the streaming platform because he was too focused on digital competition from Facebook and Google . "So Google and Facebook were going to mop up the world — and they have in non-TV advertising." Advertisers were "desperate" for avenues in connected TV and internet, Hastings said, but Netflix was still on the sidelines. "We didn't have to steal away the advertising revenue. There are also free streaming services, such as Paramount's Pluto and Fox Corp.'s Tubi, which make revenue solely through advertising.

☆ 'Glass Onion' could have made $200 million, but Netflix only let it play in theaters for a week
▼ + stars: | 2022-11-29 | by ( Sarah Whitten | ) www.cnbc.com time to read: +7 min

Netflix probably left hundreds of millions of dollars on the table by not keeping Rian Johnson's "Glass Onion" in theaters. "Glass Onion" leaves theaters Tuesday. The truncated run for "Glass Onion" also prompted industry insiders to again question the streamer's theatrical release strategy. The first film's performance at the box office has provoked questions about why Netflix has limited the release of "Glass Onion" to just one week in a limited number of theaters. "Glass Onion" earned a 93% "Fresh" rating on Rotten Tomatoes from 238 reviews and an audience score of 92%, suggesting that it too could have generated the same kind of word of mouth.

☆ Meet the Netflix exec who's leading its disruptive new ads business strategy — and could be CEO one day
▼ + stars: | 2022-11-25 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +8 min

Peters is a longtime Netflix exec who's quietly led its expansion overseas and into gaming. And the executive tapped to lead the charge is chief operating officer Greg Peters, who's long been the company's go-to for new business ventures. Joining Netflix in 2008 as chief streaming and partnerships officer, Peters quickly stood out as a rising star. The ads tier could also help Netflix with its expansion overseas, where its results have been uneven so far, Mahaney said. Peters played a key role in getting Netflix's creative execs on board with the ads business, one Hollywood insider noted.

He will replace Bob Chapek, who took over as Disney CEO in February 2020 just as the COVID-19 pandemic led to park closures and visitor restrictions. Disney disappointed investors this month with an earnings report that showed mounting losses at its streaming media unit that includes Disney+. [1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. Disney did not respond to a request for comment on Trian and Trian did not respond to a request for comment. During his tenure, Disney made several key acquisitions, including Pixar Animation Studios, Marvel Entertainment and 21st Century Fox, and boosted its market capitalization five-fold.

He will replace Bob Chapek, who took over as Disney CEO in February 2020 just as the COVID-19 pandemic hit, leading to park closures and restrictions on visitors globally. Disney disappointed investors this month with an earnings report that showed mounting losses at its streaming media unit that includes Disney+. [1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. IGER'S RETURNSIger exited Disney on a high note as the company led the battle against Netflix in the streaming wars. During his tenure, Disney made several key acquisitions, including Pixar Animation Studios, Marvel Entertainment and 21st Century Fox, and boosted its market capitalization five-fold.

☆ Netflix co-CEO Reed Hastings reacts to surprise news that Disney is bringing back Bob Iger: 'Ugh. I had been hoping Iger would run for president'
▼ + stars: | 2022-11-21 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Netflix co-CEO Reed Hastings tweeted his reaction to the news that Bob Iger returned to Disney. Hastings wrote that he had been hoping Iger would run for US president. Iger mulled running for president in the past, but has since said it was "a little bit too idealistic." I had been hoping Iger would run for President," Hastings tweeted out late Sunday night in reaction to the news. Looking back at his political aspirations, Iger told Variety during a 2021 interview that he was and was "really naive" about his leadership abilities and chances of winning.

☆ FTX is just the tip of the iceberg. Meet 16 lawyers whose bankruptcy battles, from Revlon to JCPenney, are setting them up for a boom in business
▼ + stars: | 2022-11-14 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Despite the economic downturn, just 312 corporations filed for bankruptcy this year as of October. Here are 16 lawyers who may benefit as more companies negotiate with lenders and restructure their debt. FTX filed for Chapter 11 bankruptcy on Friday after questions were raised about its capital, leading customers to flee the exchange. Despite the high-profile nature of FTX's bankruptcy, such filings actually fell to a new low in 2022. As of end of October, there were just 312 corporate bankruptcy filings, down from 410 filings in 2021, and 640 in 2020, according to an S&P Global Market Intelligence report.

☆ Netflix COO Greg Peters is charged with driving the streamer's new ads business. Here's what's at stake and why insiders see him as a future CEO.
▼ + stars: | 2022-11-10 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +8 min

Netflix has tasked COO Greg Peters with figuring out its ad push, its biggest initiative in a decade. And the executive tapped to lead the charge is chief operating officer Greg Peters, who's long been the company's go-to for new business ventures. Joining Netflix in 2008 as chief streaming and partnerships officer, Peters quickly stood out as a rising star. The ads tier could also help Netflix with its expansion overseas, where its results have been uneven so far, Mahaney said. Peters played a key role in getting Netflix's creative execs on board with the ads business, one Hollywood insider noted.

☆ Disney will solve its Netflix problem
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Nov 8 (Reuters Breakingviews) - Walt Disney (DIS.N) boss Bob Chapek is knee-deep in the video-streaming money pit. New subscribers keep signing up, too: Disney+ counts 164 million, a 39% jump from 12 months earlier. With investors now prioritizing costs over growth, however, Disney shares fell 10% in after-hours trading. Netflix generated $5 billion of operating profit over the first nine months of 2022. If the Netflix enterprise commands 18 times expected EBITDA, per Refinitiv data, Disney will find enough fairy dust to warrant a multiple higher than 12 times.

☆ Shonda Rhimes is among the creators unhappy with Netflix's mid-video ads, sources say
▼ + stars: | 2022-11-04 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Netflix has told creators it won't be sharing any revenue from advertising with them, the people said. Rhimes signed a multiyear deal with Netflix in 2021 to exclusively make content for the streaming service. When she inked the deal, Netflix had a firm policy not to include advertising in its programming, a longtime tenet of co-founder and co-CEO Reed Hastings. Netflix executives have told creators they have thoughtfully placed midroll advertising at intervals that make sense with each episode's storyline, according to people familiar with the matter. They've also told creators they don't expect that many people to sign up for the basic advertising tier relative to subscribers who will pay for no commercials, the people said.

☆ Trump Media documents suggest Parler, Rumble as possible merger partners
▼ + stars: | 2022-11-02 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

The Rumble video platform logo on a laptop computer arranged in Hastings on Hudson, New York, on Saturday, Jan. 23, 2021. Trump Media and Technology Group executives named Parler and Rumble as theoretical acquisitions or partners, according to documents provided by co-founder and whistleblower, William Wilkerson, through his counsel. Wilkerson was one of the early executives at Trump Media and its Twitter-esque social media platform Truth Social. DWAC and Trump Media are also the subject of a criminal probe into possible securities violations relating to conversations that occurred between the two parties prior to the merger announcement. While the photo names these possible acquisition targets, it also names a number of other ventures for Trump Media that have yet to come to fruition, including "Trump Faith/Classic Films," "Trump Book Publishing" and "Trump Documentaries."

☆ Netflix CEO once handed out army berets to his execs in response to an insult from the former Time Warner boss, and it shows the rivalry between Netflix and HBO stretches over a decade
▼ + stars: | 2022-11-01 | by ( Travis Clark | ) www.businessinsider.com time to read: +4 min

Former Time Warner CEO Jeffrey Bewkes implied Netflix was overrated in a 2010 interview. A new book about HBO reveals that Netflix CEO Reed Hastings took the comments in stride. "We didn't have the financial flexibility to make that commitment," former HBO CEO Richard Plepler told the book's authors, Gillette and Koblin. In other words, Netflix wanted to be more like HBO and HBO's corporate overlords wanted it to be more like Netflix. HBO's content chief, Casey Bloys, was recently elevated to CEO of HBO, HBO Max, and HBO Content.

☆ Nike lifts Covid mandate, igniting harsh criticism from employees on both sides of the vaccine debate
▼ + stars: | 2022-10-24 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

"When our vaccination policy was implemented, vaccination was critical in preventing community spread," he added. Nike employees were overwhelmingly in favor of the vaccine mandate. 'Not sure where this leaves those of us who were fired only months ago'It's unclear how many people Nike terminated for not complying with its vaccine mandate. A group called the Health Freedom Defense Fund is suing Disney over its vaccine mandate, which like Nike's, required vaccination as a condition of employment. Companies have the broad authority to mandate vaccines in their workplace, according to Dorit Rubinstein Reiss, a UC Hastings law professor, and vaccine policy expert.

☆ Warehouses and employers like Amazon bring new jobs and higher wages for some blue-collar workers, but they can be hard on cities — and on the human body
▼ + stars: | 2022-10-23 | by ( Matt Turner | Jordan Parker Erb | Hallam Bullock | ) www.businessinsider.com time to read: +4 min

Hi, I'm Matt Turner, the editor in chief of business at Insider. On the agenda today:But first: This week, Insider launched an ambitious new package, Warehouse Nation, which investigates how the warehousing boom has shaped the US. Deputy editor Jake Swearingen is here to take us inside the project. Kathy Willens/AP PhotoThe US economy's post-pandemic party is over, so get ready to endure the mother of all hangovers. We outlined the winners and losers in Solomon's latest reorg, and what that might mean for the bank's future performance.

☆ What happened to Lara Logan? How the journalist went from respected war correspondent to right-wing radical
▼ + stars: | 2022-10-21 | by ( Ashley Collman | Lauren Frias | ) www.businessinsider.com time to read: +1 min

It was around this time that Logan first started overtly expressing her political views, including criticizing a fellow reporter whose profile of a general resulted in that official's firing, New York Magazine reported. In an appearance on CNN's Reliable Sources, Logan speculated that Hastings published comments McChrystal made off the record, and therefore not meant for publishing. But Hastings told CNN during the same show that no ground rules were laid out for the story and he assumed his talks with McChrystal were on the record. "Michael Hastings has never served his country the way Commander McChrystal has," Logan said. Source: New York Magazine

Now, Netflix is gunning for the last reel of the pay TV business: its estimated $153 billion pool of global advertising revenue. The company and some analysts see its new, cheaper ad-supported service, detailed in a rosy quarterly report on Tuesday, as a way to lift revenue as customers trim spending amid economic gloom. As TV's audience shrinks, it becomes less attractive for advertisers - and a plum target for Netflix to disrupt. Netflix plans to launch an ad-supported version of its service in the United States and 11 other countries in November. Some Wall Street analysts said the ad-supported version of the Netflix service might entice some price-sensitive existing subscribers to switch to the less-expensive option.

☆ Netflix will start charging for password sharing in early 2023, potentially adding up to $3 for each additional user
▼ + stars: | 2022-10-19 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Netflix will begin charging for password sharing beginning in early 2023. The "extra member" feature will allow additional users to have their own sub-account for a fee. The streaming giant announced on Tuesday it officially will begin charging for account sharing early next year, after hinting at a crackdown in recent months. The move comes as other streaming companies begin identifying ways to prevent and limit password sharing. According to a March survey from the Leichtman Research Group, an estimated one-third of US Netflix subscribers currently share their log-ins.

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