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Entertainment

Meghan Markle’s animated series ‘Pearl’ has been cancelled by Netflix

In an effort to save money, Netflix has cancelled the development of Pearl, an animated series developed by Meghan Markle.

The show, which was announced last year, is one of several projects that the streaming giant has cancelled.

Netflix announced a dramatic drop in members last month, warning that millions more are on the verge of abandoning the service.

The company’s market value dropped by more than $50 billion, and analysts warned it would be difficult to get back on track.

Meghan will serve as an executive producer on Pearl, according to Archewell Productions, the firm founded by the Duke and Duchess of Sussex.

The series was supposed to follow the exploits of a 12-year-old girl who is inspired by historical figures.

Netflix did clarify, however, that it will continue to collaborate with Archewell Productions on a variety of projects, including a documentary series called Heart of Invictus.

The series will centre on athletes competing in the Invictus Games for injured veterans, which will be held in The Hague in 2022 and was founded by Prince Harry.

A Popular television request for comment was not immediately returned by Archewell Productions.

Netflix also announced that two animated children’s series, Dino Daycare and Boons and Curses, would be cancelled.

Netflix announced in April that its overall number of subscribers had fallen by 200,000 in the first three months of this year, far short of its goal.

It also predicted that two million more subscribers would abandon the service in the three months leading up to July.

Some analysts worried that the company has run out of easy methods to build the business after a period of rapid expansion during the pandemic.

Consumers who are strapped for cash are cutting back on streaming services to save money, while others believe there is too much content to pick from in the face of fierce competition from companies like Disney and Amazon.

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Business

Netflix’s stock has dropped more than 20% after losing 200,000 members in the first quarter

Today’s Netflix news is concerning. The streaming service reported losing 200,000 customers in the first quarter of 2022, its first drop in almost a decade. And the company’s losses are expected to continue, with Netflix forecasting a 2 million global paid subscriber loss in the second quarter.

This loss is higher than the company’s previous forecasts. The business told shareholders that it anticipated to attract 2.5 million net subscribers in the first quarter, down from 4 million the year before. Analysts had predicted that 2.7 million people would sign up.

Netflix’s member base has dropped to 221.6 million, down from 221.8 million in the previous quarter. According to the corporation, its service is used by over 100 million more households, with over 30 million of them based in the United States and Canada.

The company attributed the drop in subscribers to a number of causes. The suspension of its operation in Russia, for example, resulted in the loss of 700,000 subscribers. Netflix claims that if it hadn’t been for it, it would have added 500,000 net subscribers in the quarter. The invasion of Ukraine by Russia may have had a wider impact, since Netflix reported a slowdown in its operations in Central and Eastern Europe in March, which corresponded with the start of the invasion.

Netflix listed a variety of other issues in its shareholder letter as contributing to the loss. To explain why it was doing so poorly with new user acquisition, the streamer cited everything from password sharing to the competitive landscape to Covid and even inflation. Netflix recently began testing a feature that would require members to pay an additional fee if they shared their account with others outside their household, in order to address the password sharing issues.

While the firm is now testing this new function in Costa Rica, Peru, and Chile, it is expected to spread in the future. In a letter to shareholders, Netflix stated:

“There’s a broad range of engagement when it comes to sharing households from high to occasional viewing. So while we won’t be able to monetize all of it right now, we believe it’s a large short- to mid-term opportunity.”

Netflix announced in January that it planned to gain fewer customers in the first quarter than in past years since most of its high-profile content, including as the second season of “Bridgerton” and “The Adam Project,” will be published near the end of the quarter. However, this doesn’t fully explain the impact because, in addition to these high-profile efforts, Netflix aired a number of other popular shows during the quarter.

Netflix has always fought with linear TV, Amazon, YouTube, and Hulu in terms of the competitive landscape, but claims things have changed in the last three years as new entrants have entered the market. This is having an especially negative impact on growth in the United States, according to the company’s shareholder letter:

“…Traditional entertainment companies realized streaming is the future, many new streaming services have also launched. While our U.S. television viewing share, for example, has been steady to up according to Nielsen, we want to grow that share faster.”

The company also indicated that retention was somewhat lower than expected, but that it was still strong and better than its competitors.

The company’s revenue for the quarter was $7.78 billion, which fell short of analysts’ expectations of $7.93 billion. However, EPS came in at $3.53, compared to $2.89 projected.

On the announcement of the subscriber declines, the company’s stock is plummeting in after-hours trade. In after-market trade, shares fell by 23%, wiping off $30 billion in market value.

In the last two years, Netflix’s market share has greatly declined. According to Parrot Analytics, it fell from 55.7 percent to 45.2 percent globally and from 52.4 percent to 42.4 percent in the United States between Q1 2020 and Q1 2022.

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Technology

Three new mobile games are coming to Netflix, including its first FPS

Netflix has announced the release of three new iOS and Android mobile games for its members.

This Is A True Story and Shatter Remastered are available to download starting Tuesday, March 22, 2022, and Into The Dead 2: Unleashed will be available soon. Netflix stated in a statement that users of Android, iOS, and tablets can download the games via the app’s dedicated games row.

The game was created in partnership with Charity: Water by developer Frosty Pop. Shatter Remastered is a remastered version of the popular brick-breaking game that debuted on the PlayStation 3 in 2009. You’ll also have to endure hordes of zombies in Into The Dead 2: Unleashed, a mix FPS/runner game.

The game is based on a Sub-Saharan African woman’s everyday struggle to provide water for her family, according to Netflix. Charity: Water’s crew travelled to Sub-Saharan African countries to meet numerous women whose tales are featured in the game, according to Netflix.

Mason, a character in the game, is voiced by Matt Whelan, a New Zealand actor who later appeared in the second season of Narcos.

Since the program’s official launch in November, Netflix has been gradually expanding its mobile game catalogue, which now includes the racing game Asphalt Xtreme and a League of Legends spinoff. Netflix has bought Next Games and Oxenfree creator Night School, released a trivia programme, and is creating a daily quiz series based on the renowned Trivia Crack brand, so mobile games are just one facet of the company’s growing interest in games.

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Technology

Netflix will launches Trivia Quest, a first daily quiz show, on April 1st

Netflix’s first interactive daily quiz show, Trivia Quest, is set to premiere on April 1st, according to reports.

According to reports, the Trivia Crack-inspired series would include 24 multiple-choice questions on themes such as art and science, as well as a narrative.

Trivia Quest is the most recent addition to Netflix’s increasing list of interactive shows. After Cat Burglar, it’s the second game to contain a trivia aspect, which Netflix’s VP of comedy series and interactive programming Andy Weil told The Verge last month the company hopes to experiment with more as its gaming project grows.

Throughout April, a new episode of Trivia Quest will be released every day, for a total of 30 episodes. (Before you ask, “no, this isn’t an April Fool’s Joke,” writes Weil.) Each episode will contain 24 multiple-choice trivia questions (12 simple and 12 difficult). Science, entertainment, athletics, art, geography, and history are among the categories. According to The New York Times, the game is based on Etermax’s Trivia Crack, which was licenced by Netflix.

Players will be able to retry quizzes in order to earn more points and answer questions properly that they may have missed previously. Weil also says that each question “features a definitive ending but we don’t want to tell you too much about that just yet. You’ll have to play to see.”

Trivia Quest will be available on Netflix next month for Android phones and tablets, iPhones, iPads, and iPod Touches, as well as supported smart TVs, set-top boxes, and consoles. Apple TV, select Chromecast devices (not including those with Google TV), Tesla touch displays, Silverlight browsers, and the Netflix app for Windows are presently not supported.

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Business

Netflix’s shares down 20% due to decreasing subscriber growth

After the bell on Thursday, Netflix released its fourth-quarter earnings. On slowing subscriber growth, the streamer beat on both the top and bottom lines, but shares fell more than 20% in after-hours trading, to their lowest levels since June 2020.

The essential numbers are as follows:

  • Earnings per share (EPS): $1.33, compared to 82 cents projected by analysts in a Refinitiv poll.
  • According to Refinitiv, revenue was $7.71 billion vs $7.71 billion predicted.
  • According to StreetAccount estimates, global paid net subscriber additions were 8.28 million vs. 8.19 million projected.

In the fourth quarter, Netflix added 8.28 million paying net customers throughout the world. According to StreetAccount projections, analysts projected the company to add 8.19 million. However, this is less than the 8.5 million customers Netflix attracted in Q4 2020, which was the same figure it predicted for Q4 2021, and the outlook was much worse.

Netflix aims to attract 2.5 million customers in the first quarter of 2022, down from 3.98 million in the first quarter of 2021. According to StreetAccount projections, analysts projected 6.93 million in the first quarter.

Netflix has announced a more back-end-heavy content lineup for the first quarter, with major launches scheduled for March.

However, this is similar to the picture Netflix painted moving into the fourth quarter. When Netflix released new TV episodes and movies that had been pushed to the back half of the year at the end of 2021, observers predicted a significant increase in consumers. Netflix, for example, produced high-performing material such as “Emily in Paris,” “Don’t Look Up,” “Red Notice” and “You” during the quarter.

Netflix attributed the slowdown to greater competition from other companies, while previously claiming that companies such as Apple and Disney will have no substantial impact on growth.

“Consumers have always had many choices when it comes to their entertainment time – competition that has only intensified over the last 24 months as entertainment companies all around the world develop their own streaming offering,” according to Netflix. “While this added competition may be affecting our marginal growth some, we continue to grow in every country and region in which these new streaming alternatives have launched.”

In after-hours trade, Disney and Roku both lost more than 4% of their value.

Netflix has stated that it is still early days in terms of targeting the 800 million to 900 million households that use either broadband internet or pay-TV.

“It’s definitely frustrating for us, the current slower growth,” co-CEO Reed Hastings said during a pre-recorded earnings interview. In the fourth quarter, the firm recorded 222 million paying memberships.

“It’s a dynamic market for sure, it may not be as steady as people think about it in terms of we’re gonna add X number every quarter, every month, every week, but there’s no question that’s the direction the business is going in,” co-CEO Ted Sarandos added.

Last week, Netflix announced pricing increases in the United States and Canada. The monthly cost of the basic plan increased by $1 to $9.99 in the United States. The ordinary plan has increased in price from $13.99 to $15.49, while the premium plan has increased in price from $17.99 to $19.99.

As users get increasingly invested in Netflix’s exclusive content, the company’s objective is to raise rates. Price hikes may be used to compensate for slowing consumer growth.

Investors were also given an update on Netflix’s gaming efforts. To its subscribers, the firm has been publishing games based on its successful titles. The new games could help it figure out which characters are the most popular, which could help it influence its content in the future.

COO Greg Peters remarked, “We’re now really getting to learn from all of those games.”

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Technology

Netflix launches new website for most viewed its top 10 TV shows and films

Netflix has established a new website where it will share weekly metrics on its most popular shows.

During its October earnings call, the firm announced that it would abandon its long-standing two-minute viewing time methodology in favour of ranking titles by total number of hours watched. Every Tuesday, the new weekly Top 10 hub will update with lists of the top films and series in the following categories: English-language films, non-English-language films, English-language television, and non-English-language television (Non-English). Each list will reveal how many hours each top-rated TV show or film was watched.

Before being published on Tuesday, each list will track the success of Netflix content from Monday through Sunday. Seasons of a series will be counted as individual titles on the list, but repeated viewings within a season will be counted toward the season’s overall watch hours, according to Netflix. For example, if you frequently view a sequence from a single episode.

These lists are open to any content on Netflix’s app, including both original and licenced episodes and movies. For each of the four categories, the firm will also reveal its most popular series and films of all time. The company did add that their estimates are “rounded to 10,000 to account for any changes in Internet connectivity around the world,” as a caveat. The first 28 days of a title’s existence on the service are used to rank it.

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Technology

You will be able to watch Netflix’s new AV1 streaming tech on select TVs and the PS4 Pro

Netflix currently supports the AV1 codec when spilling to choose TVs, the organization said on Tuesday. It’s just accessible on number of devices for boot, albeit this list includes any TV that is associated with the PS4 Pro, so in the event that you have one, you can attempt Netflix AV1 streaming.

Netflix shared this lineup of supported devices:

  • Select Samsung 2020 UHD Smart TVs
  • Select Samsung 2020 UHD QLED Smart TVs
  • Select Samsung 2020 8K QLED Smart TVs
  • Samsung The Frame 2020 Smart TVs
  • Samsung The Serif 2020 Smart TVs
  • Samsung The Terrace 2020 Smart TVs
  • Any TV associated with a PS4 Pro streaming with the Netflix application
  • Select Amazon Fire TV devices with Fire OS 7 or more
  • Select Android TV devices with Android OS 10 or more

Netflix noted in its blog that “we are working with external partners to enable more and more devices for AV1 streaming,” so ideally more equipment will be viable soon. Furthermore, the organization likewise says it’s “exploring” the chance of AV1 streams with HDR.

AV1 can incline toward powerful modern processors to stream better quality video with more pressure than other video codecs, and in Netflix’s testing, it saw that AV1 conveyed more higher quality videos at the equivalent bitrate as different formats and that analyzers saw less noticeable drops in video quality.

Yet, this move probably isn’t totally motivated by better streaming performance; since AV1 is an open-source codec, Netflix likewise will not need to pay sovereignties to utilize it. The codec has broad industry support and is overseen by the Alliance for Open Media (AOMedia), which counts Apple, Amazon, Facebook (presently Meta), Google, Microsoft, Netflix, Samsung and more as individuals.

Netflix first supported AV1 videos in quite a while Android application in February 2020. At that point, it promoted better streaming with AV1, saying it saw a 20% improvement in pressure by contrasted with the VP9 codec. In a blog post for the declaration, Netflix said its objective was to “roll out AV1 to all of our platforms,” and when we asked on Wednesday, Netflix declined to share a timeline of when someone could see Netflix AV1 streaming on d ‘different devices.

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Technology

Netflix announces its new gaming service to all subscribers on Android

Netflix just carried its new gaming service to all subscribers on Android, however presently it has formally come to iOS. The service gives clients admittance to a limited selection of mobile games without advertisements or in-application buys.

Netflix subscribers would now be able to enjoy the following games on iPhone and iPad: Stranger Things 1984, Stranger Things 3, Shooting Hoops, Card Blast, and Teeter (Up!). The just-announced game Hextech Mayhem: A League of Legends Story — which will cost $10 on Switch and PC — will be free to Netflix subscribers.

Netflix Games is included for existing Netflix packages, so no extra charges or memberships are required. Also, the streaming service is releasing each game as an individual application on the App Store to completely follow Apple’s rules on game catalog applications.

Per the tweet from @NetflixGeeked, tomorrow we’ll discover how Netflix changes its main application and on the off chance that it fills in as an across the board gaming center point as it does on Android, where clients can choose games to download from the Play Store.

Other cloud gaming platforms, as Microsoft xCloud, Nvidia Geforce Now, Google Stadia, and Facebook Gaming, have battled to find footing on iOS because of Apple’s requesting App Store limitations. These platforms have endeavored to evade Apple’s strategies by launching as web applications, however this clearly doesn’t give the best gaming experience.

Strangely, the organization is likewise permitting clients to subscribe Netflix interestingly utilizing Apple’s In-App Purchase system. Netflix broadly quit presenting In-App Purchase in the primary Netflix application in 2018, to try not to give Apple its 15-30% commission.

Application Store administers as of now keep a game streaming service from offering their games as a particular application (something which Microsoft has noisily weeped over). Be that as it may, these standards presently don’t make any difference as Netflix isn’t yet giving game streaming. Each game is an independent download running locally. Investigators expect that Netflix will venture into server-side game streaming down the road, at which time it will likewise possible face a similar App Store endorsement issues.

The present moment, this is fundamentally Netflix’s version of Apple Arcade: a solitary month to month subscription that opens admittance to a library of exclusive games to play in a hurry.

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Entertainment

Shonda Rhimes’ ‘Inventing Anna’ series will debut in February on Netflix

“Inventing Anna” — the first show Shonda Rhimes has composed for Netflix, and the first show she’s made since “Scandal” made its debut in 2012 — will premiere in February.

The maker of Gray’s Anatomy as of late created the raving hit Bridgerton, which will return soon with a second season.

In May 2018, when Rhimes read Jessica Pressler’s New York Magazine story “How Anna Delvey Tricked New York’s Party People” — a viral journalistic feat that definite the scammy enterprises of a charming young Russian woman, who had grifted New Yorkers — she quickly needed to option the story.

The article was Rhimes’ first significant acquisition for her Netflix ability bargain, which had started in August 2017. The nine-scene restricted series started creation in fall 2019 in New York City, and afterward needed to complete an entire year after the fact on account of the pandemic. “Inventing Anna’s” definite debut date in February will be declared sometime in the future.

The primary cast is shaped by Anna Chlumsky (Veep – Incompetent Vice President) in the job of the writer Vivian, Julia Garner (Ozark, Dirty John) in that of Anna Delvey, who gives her name to the series, while Katie Lowes (Scandal) is Rachel, an adherent of Anna willing to do anything; Laverne Cox (Orange Is the New Black) plays Kacy Duke, chief of VIPs and holistic mentor sucked into the spin of Anna, and Alexis Floyd (The Bold Type) is Neff, a aspiring director.

Shondaland key parts Katie Lowes, Anna Deavere Smith, Jeff Perry and Kate Burton are among the cast, as are Arian Moayed (“Succession”), Alexis Floyd (“The Bold Type”), Anders Holm (“Workaholics”) and Laverne Cox (“Orange Is the New Black”).

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Entertainment

Final season of ‘Ozark’ will premiere January 2022 on Netflix

The final season of “Ozark” will debut Jan. 21, 2022 on Netflix with its initial seven episodes. The second seven-scene half of the period will then, at that point, follow later in the year.

“Ozark” follows the Byrde family’s criminal enterprise in the Ozarks. As patriarch Marty Byrde (Jason Bateman) put it in the series debut back in 2017, “Money is, at its essence, that measure of a man’s choices.” That quote is laid over the start of a teaser for the final season, inferring it will cause issues down the road for him in the show’s final run.

The final season stars Bateman, Laura Linney, Julia Garner, Sofia Hublitz, Skylar Gaertner, Charlie Tahan, Jessica Frances Dukes, Lisa Emery, Felix Solis, Damian Young, Alfonso Herrera, Adam Rothenberg, John Bedford Lloyd, Joseph Sikora, Bruno Bichir, CC Castillo, Katrina Lenk, Bruce Davison, Ali Stroker and Veronica Falcón. The show is chief created by Chris Mundy, who likewise fills in as showrunner, Bateman; Mark Williams; John Shiban, Patrick Markey and Bill Dubuque. Linney fills in as co-executive producer. The series is from MRC Television.

The secret trailer for the upcoming series is loaded up with haunting panning shots of various Ozark locales, to a great extent deserted, highlighted by ominous music and key quotes from Bateman and Linney’s Marty and Wendy Byrde.