The Satanic Temple says it's 'finalizing an amicable settlement' with Warner Bros. to its lawsuit over the goat-headed statue in Netflix's 'Sabrina' reboot

On Friday, a spokesperson for The Satanic Temple told Business Insider that it was in the “process of finalizing an amicable settlement with Warner Bros. now” in its lawsuit over the Netflix “Sabrina” reboot. The Temple sued Warner Bros. and Netflix for $50 million earlier this month, claiming that “Chilling Adventures of Sabrina” copied its statue of the goat-headed deity, […]

Read more

A Netflix Bear Goes Bullish and Sees 60% Gain

Shares of video streaming service Netflix Inc. (NFLX) are down by 24.9% from their all-time high, set in intraday trading on June 21. Skeptics had warned that the stock had risen too high and too fast, that its business model was questionable, that its future growth prospects were overblown, and thus that its stratospheric valuation was unsustainable. However, one of those skeptical analysts has […]

Read more

The Obamas’ First Netflix Show Might Be Based On Book Critical Of Trump

After landing a lucrative production deal with streaming giant Netflix earlier this year, Barack and Michelle Obama might adapt veteran journalist and author Michael Lewis’ book The Fifth Risk, which paints a critical portrait of President Donald Trump and his dysfunctional administration.  On an episode of Katie Couric’s podcast released Thursday, Lewis confirmed that the former president and first lady […]

Read more

Why Spotify might take a page out of Netflix’s playbook

Does Spotify believe it can become the Netflix of music? Wall Street is listening hard for an answer. Daniel Ek, the 35-year-old boss of the Swedish music streamer, has lately insisted that Spotify isn’t interested in competing with record labels in the way that Netflix competes with Hollywood studios by producing series like “House of Cards” and “Orange Is the […]

Read more

End of the DVD player as John Lewis reveals it will stop selling them for good

DVD players could soon be a thing of the past after a major retailer announced plans to scrap them from shelves. John Lewis said it will stop selling the entertainment players after current stock levels run out. It follows months of plummeting sales, with the high-end chain itself claiming the number of devices sold have fallen 40% as generations shift […]

Read more

Apple Plans Global Launch For Its TV Subscription Service: Report

Apple is reportedly planning to give its planned TV subscription service the kind of global rollout it typically reserves for high-profile products like its iPhone. The Cupertino tech giant plans to launch the service in more than 100 countries, according to the tech news site The Information. This strategy would allow it compete immediately with both Amazon and Netflix, whose […]

Read more

Finance professor Damodaran says Netflix's big-spending business model can't last

While Netflix’s subscriber growth will slow at some point, the company will have to continue to churn out content at its current pace, Damodaran says. “It’s not as if they can slow down the production of content once their subscribers hit the cap because they’re training those subscribers almost to expect 20, 25 new shows every year. That’s not sustainable,” […]

Read more
1 2 3 7