Netflix Stock Plunges 12% After Reporting Slowdown in Subscription Growth

Netflix’s video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as the company boosts its prices and girds for even stiffer competition. The service picked up 2.7 million worldwide subscribers for the April-June period. That’s far below Netflix’s forecast of 5 million subscribers. The second-quarter letdown […]

‘Friends’ Is Officially Leaving Netflix for WarnerMedia’s HBO Max

AT&T is pulling “Friends” from Netflix to beef up its own upcoming streaming service. The wireless company, which owns the WarnerMedia entertainment business, said Tuesday that its service will be called HBO Max. It will launch widely in spring of 2020. As more companies unveil their own streaming services, they’re trying to make them more […]

Proposed Law Would Require YouTube and Netflix to Do More to Protect Kids Online

Sen. Ed Markey (D-Mass.) has introduced new legislation that would require YouTube and Netflix to do more to protect children from viewing sex, violence, and drugs on their streaming services. The proposed law, called the Kids Internet Design and Safety Act, aims to update children’s media regulations, which date back to 1990 and are focused […]

Viacom Strikes Deal With FuboTV to Add Comedy Central, MTV, BET, and More

FuboTV continues to broaden its offerings beyond just live sports viewing. The streaming service, in the past referred to as the “Netflix of soccer,” struck a deal with Viacom to make the company’s nine entertainment networks–BET, CMT, Comedy Central, MTV, Nickelodeon, Nick Jr., Paramount Network, TV Land, and VH1–available on Fubo for a base $45-a-month […]