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☆ Netflix continued to bleed subscribers for the second quarter in a row — a first for the company that proves why it's introducing an ad-supported plan and cracking down on password sharing
  + stars: | 2022-07-19 | by ( Travis Clark | ) www.businessinsider.com   time to read: +3 min
It's addressing slowing growth by cracking down on password sharing and introducing an ad-based plan. Netflix said on Tuesday that it lost 970,000 subscribers in the second quarter of the year, and it now has 220.67 million global subscribers. It's blamed its slowing growth on a number of factors, including economic strains, password sharing, and increased streaming competition. While it lost subscribers for the last two quarters, Netflix is bullish about Q3 and forecasted adding 1 million subscribers during the time period. It was already testing ways to monetize password sharing in other Latin American regions.
☆ Kevin Hart sold a $100 million stake in his media company to private equity firm Abry. Here are 10 more Hollywood production shops that are hot M&A targets.
  + stars: | 2022-05-19 | by ( Natalie Jarvey | Elaine Low | Madeline Berg | ) www.businessinsider.com   time to read: +12 min
Abry Partners' $100 million stake in Kevin Hart's company HartBeat is the latest big M&A move in Hollywood. Dealmakers said production companies are valuable amid the streaming wars and demand for content. The M&A activity had top Hollywood dealmakers telling Insider in early 2022 that practically every independent production company is a target. Many production companies make work-for-hire or don't control the rights to a project once it is sold off to a studio distributor. Based on January interviews with five entertainment industry experts and insiders, Insider identified a list of 10 production companies that could be compelling acquisition targets as M&A activity continues.
☆ This 35-year-old left the U.S. for Croatia: 'I live on $47 a day — here’s a look at how I spend my time'
  + stars: | 2021-08-21 | by ( Steve Tsentserensky | ) www.cnbc.com   time to read: +6 min
The average rent for a one-bedroom in Jersey City, for example, is $2,779 (not including utilities), according to rental listing website RentCafe. I'm renting directly from the owner for $540 (including utilities) per month. Marmontova Ulica, a busy street in Split filled with several shops and restaurants. Photo: Steve TsentserenskyI spend an average of $47 a day. Photo: Steve TsentserenskyThe pace of life in Croatia is dramatically different — and much more my speed — than in New Jersey.
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