Netflix Inc News

The streaming video pioneer added 5.2 million customers from April through June.

Netflix Inc has raised the monthly subscription fees for two out of its three main US plans by $1 and $2 respectively.

The telecom giants`s move will be aimed at tackling the trend of "cord-cutting" — where customers move away from traditional cable TV to streaming services such as Netflix Inc and Amazon`s Prime Video.

Alibaba Group Holding Inc is not making an investment in Netflix Inc.

Netflix has expanded its global footprint to 190 countries, making its Internet TV service available in 130 new markets including India -- but not China.

Netflix Inc`s global expansion is set to reach movie-mad India.

Amazon.com said on Wednesday it plans to launch its video streaming service in Japan for members of its Prime paid service as it gears up for Netflix Inc`s planned entry into the country in September.

Netflix Inc reported a 22.7 percent jump in quarterly revenue as the video streaming service provider added more net subscribers worldwide than its expectations.

Alibaba Group Holding Ltd will launch an online video streaming service in China in about two months, hoping to emulate the U.S.`s Netflix Inc and HBO, the firm`s head of digital entertainment said on Sunday.

Facebook`s eight directors, including Netflix Inc Chief Executive Reed Hastings and Facebook`s chief operating officer, Sheryl Sandberg, were re-elected.

Netflix Inc shareholders on Tuesday approved a massive increase in the number of shares the company is authorized to issue, the first step toward a possible stock split.

Netflix Inc has been a stock market darling over the past few years and strong first-quarter subscriber additions sent its shares to another record high on Thursday. But is the company`s sky-high valuation sustainable?

Netflix Inc is pursuing a subscription video streaming service without commercials for the Chinese market, keeping with its traditional business model rather than seeking advertisers, Chief Executive Officer Reed Hastings said on Wednesday.

Netflix Inc is seeking to increase its share authorization by nearly 30 times, the video streaming service said in a filing with regulators.

Streaming video service provider Netflix Inc said it will premiere its next series, "Montauk", in 2016 as it looks to boost its original content in a highly competitive market.

The messages, which appeared on screen when a video was buffering, were a "small scale test" that will end on June 16, Netflix spokesman Joris Evers said in a post on the company`s blog. But he left open the option that the alerts could resume. "We will evaluate rolling it out more broadly," he said.