News | Business
27 May 2020 1:22
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.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     26 May: NASA and SpaceX to send astronauts to the ISS in the first crewed mission from the US since the space shuttle
     26 May: The Earthquake Commission is apologising to customers for the unintended release of claims information
     26 May: Air New Zealand's bracing for a big loss, with more changes on the way
     26 May: A Covid-19 vaccine strategy's been announced for New Zealand
     26 May: Kiwis need to keep a positive mindset about their finances
     26 May: Air New Zealand has confirmed it will maintain a limited international network until the end of August
     25 May: Up to 60 English lower league football clubs could go out of business if the sport fails to plan for the impact of COVID-19 beyond the current season
     Top Stories

    RUGBY RUGBY
    The Hurricanes expect Jordie Barrett to be firing when it comes to the resumption of Super Rugby More...


    BUSINESS BUSINESS
    NASA and SpaceX to send astronauts to the ISS in the first crewed mission from the US since the space shuttle More...



     Today's News

    Politics:
    Parliament's Epidemic Response Committee is no more 23:07

    Accident and Emergency:
    One person has died following a crash in Ashburton 23:07

    Living & Travel:
    There have been 21 Lotto millionaires... for the first 21 weeks of the year 23:07

    Business:
    NASA and SpaceX to send astronauts to the ISS in the first crewed mission from the US since the space shuttle 21:37

    Entertainment:
    America Ferrera felt “anxious” giving birth amid the coronavirus pandemic 21:32

    Entertainment:
    James Arthur suffers from “various different types of anxiety and depression” 21:02

    Entertainment:
    Kristen Bell’s relationship with Dax Shepard has been tested during the coronavirus pandemic 20:32

    International:
    Japan lifts nationwide coronavirus state of emergency, declaring 'unique' strategy a success 20:07

    Entertainment:
    Nikki Bella didn’t want to “force” her ex-fiancé John Cena to have children 20:02

    International:
    Grimes and Elon Musk tweak baby name after confusion around compliance with state laws 19:37


     News Search






    Power Search


    © 2020 New Zealand City Ltd