News | Business
24 Aug 2019 6:58
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Netflix investors are spooked after the streaming service endured a sluggish quarter

    Netflix investors are spooked after the streaming service endured a sluggish quarter


    The media giant picked up 2.7 million subscribers over the last quarter, half the 5 million it had forecast and well down from the 10 million who signed up during the first quarter.

    It comes as rival companies such as Disney and Warner Bros plan their own services, and are stripping their content away from Netflix.

    The company's stock plunged 12 percent after the numbers came out, which could lead to $18 billion in shareholder wealth being wiped off the company's value.

    © 2019 Newstalk ZB, NZCity


     Other Business News
     23 Aug: Hamilton's Mayor's praising the Government for keeping a pre-election promise
     23 Aug: The company behind local Peanut Butter company Pic's is getting a big funding boost from the Provincial Growth Fund
     23 Aug: Kiwibank's profit has fallen, with lower fees hitting the state-owned bank's income
     23 Aug: Road advocates appealing to government to change priorities following rapid transit plans change
     22 Aug: Qantas tells investors Jetstar is "loss-making" on regional NZ services
     22 Aug: Twenty new rural broadband sites across the country are now up and running
     22 Aug: The Northland Regional Council could be facing a 820-thousand-dollar hole in its pocket
     Top Stories

    RUGBY RUGBY
    Braydon Ennor is putting any thoughts of the All Blacks World Cup squad out of his mind as he prepares to play for Canterbury in tonight's Mitre 10 Cup match against Wellington in the Capital More...


    BUSINESS BUSINESS
    Hamilton's Mayor's praising the Government for keeping a pre-election promise More...



     Today's News

    Entertainment:
    Christie Brinkley's children "laughed" when she told them she's going to compete on 'Dancing with the Stars' 6:41

    Cricket:
    Australia in Ashes box seat after skittling England on day two of third Test, backed up by Marnus Labuschagne 6:36

    Rugby League:
    Penrith's NRL finals hopes are in further strife after a 24-10 loss to the Cowboys in Townsville 6:26

    Entertainment:
    Taylor Swift is planning on re-recording her first six albums after she lost her master recordings when Scooter Braun bought her former record label 6:11

    Politics:
    Fijian Prime Minister Frank Bainimarama filmed shoving rival politician in Parliament's car park 4:36

    Hamilton:
    Why Kate and William's budget flight to Scotland is generating comparisons with Meghan and Harry 23:07

    Rugby:
    Braydon Ennor is putting any thoughts of the All Blacks World Cup squad out of his mind as he prepares to play for Canterbury in tonight's Mitre 10 Cup match against Wellington in the Capital 21:57

    Entertainment:
    Julianne Hough feels “really lucky” to have support after she came out as “not straight” earlier this month 21:41

    Law and Order:
    More red faces for poliec after a fourth criminal in a week slipped away from their custody 21:17

    Entertainment:
    Gabrielle Union’s daughter Kaavia’s first word is “bye” 21:11


     News Search






    Power Search


    © 2019 New Zealand City Ltd