Netflix said on Thursday that it added more than five million subscribers in the recently ended quarter but signalled slow growth. The streaming juggernaut ended September with 282.7 million subscribers, reporting a profit of $2.4 billion on revenue that jumped 15 per cent compared with the same period a year earlier to $9.8 billion.

Netflix shares rose nearly five per cent to $720.75 in after-market trades, trading at slightly more than double the price from a year earlier.

- 'Squid Game' -

Netflix executives expect to end this year strong due to a line-up of coming releases that includes a second season of the global hit Squid Game. The dystopian Korean horror tale about a fictional, deadly game show remains by far the most-watched Netflix TV series ever.

Netflix this quarter will also stream a boxing match-up between Mike Tyson and Jake Paul as well as a pair of US National Football League games on Christmas.

"We're really excited about our line-up," said co-chief executive Ted Sarandos on an earnings call. "We have a culture and operating model that allows us to create stories in more than 50 countries," he added.

Netflix said the average amount of time spent watching its platform grew to about two hours daily per member in the recently-ended quarter, touting a string of hits including The Perfect Couple, Emily in Paris, and Beverly Hills Cop: Axel F.

Sarandos said that its show creators were curious about how they might use artificial intelligence tools.

- Easing into ads -

The streamer said that membership on ad-supported plans grew 35 per cent quarter-over-quarter. 
Netflix next year should reach a scale sought by advertisers in the dozen countries where it offers ad-supported memberships, according to co-chief executive Greg Peters.

"It's worth noting we've got a lot of work still ahead of us to achieve that goal to make our offering better for advertisers," Peters said.

Ross Benes, senior analyst at eMarketer, warned that Netflix will need to be careful not to degrade the experience for viewers as it weaves ads into programming, and forecast that US ad revenue would be a small fraction of the money the company takes in.

In a bid to boost sputtering growth, the company launched an ad-subsidized offering last year around the same time as a crackdown on sharing passwords.

As part of that effort, Netflix also got rid of its cheapest commercial-free plan in the UK and Canada, with expectations of further changes of policy in that vein.

While Netflix gained 5.1 million subscribers overall in the quarter, it was a drop from the 8.8 million subscribers it added in the same period a year earlier, with the boost from its password-sharing crackdown appearing to abate.

"Netflix will eventually shore up its limited ad tier viewership with more partnerships and bundles that incentivize people to choose ad plans," analyst Benes said.

The company also launched an in-house advertising platform so that brands can better optimize its customer data, no longer partnering with Microsoft for that technology.

Investors have cheered the moves, with Netflix shares gaining ground this year, despite the warnings that subscriber growth would slow.

In the United States, the company has begun to offer some users combined packages with its one-time rivals, making itself available through joint subscriptions with Peacock and Apple TV.

Netflix is seen as reigning supreme over the video content market, with Disney+ still struggling nearly five years after a launch that featured a slew of new content from its blockbuster Marvel and Star Wars universes.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Netflix said on Thursday that it added more than five million subscribers in the recently ended quarter but signalled slow growth. The streaming juggernaut ended September with 282.

Netflix said on Thursday that it added more than five million subscribers in the recently ended quarter but signalled slow growth. The streaming juggernaut ended September with 282.7 million subscribers, reporting a profit of $2.4 billion on revenue that jumped 15 per cent compared with the same period a year earlier to $9.8 billion. Netflix shares rose nearly five per cent to $720.75 in after-market trades, trading at slightly more than double the price from a year earlier. - 'Squid Game' - Netflix executives expect to end this year strong due to a line-up of coming releases that includes a second season of the global hit Squid Game. The dystopian Korean horror tale about a fictional, deadly game show remains by far the most-watched Netflix TV series ever. Netflix this quarter will also stream a boxing match-up between Mike Tyson and Jake Paul as well as a pair of US National Football League games on Christmas. "We're really excited about our line-up," said co-chief executive Ted Sarandos on an earnings call. "We have a culture and operating model that allows us to create stories in more than 50 countries," he added. Netflix said the average amount of time spent watching its platform grew to about two hours daily per member in the recently-ended quarter, touting a string of hits including The Perfect Couple, Emily in Paris, and Beverly Hills Cop: Axel F. Sarandos said that its show creators were curious about how they might use artificial intelligence tools. - Easing into ads - The streamer said that membership on ad-supported plans grew 35 per cent quarter-over-quarter. Netflix next year should reach a scale sought by advertisers in the dozen countries where it offers ad-supported memberships, according to co-chief executive Greg Peters. "It's worth noting we've got a lot of work still ahead of us to achieve that goal to make our offering better for advertisers," Peters said. Ross Benes, senior analyst at eMarketer, warned that Netflix will need to be careful not to degrade the experience for viewers as it weaves ads into programming, and forecast that US ad revenue would be a small fraction of the money the company takes in. In a bid to boost sputtering growth, the company launched an ad-subsidized offering last year around the same time as a crackdown on sharing passwords. As part of that effort, Netflix also got rid of its cheapest commercial-free plan in the UK and Canada, with expectations of further changes of policy in that vein. While Netflix gained 5.1 million subscribers overall in the quarter, it was a drop from the 8.8 million subscribers it added in the same period a year earlier, with the boost from its password-sharing crackdown appearing to abate. "Netflix will eventually shore up its limited ad tier viewership with more partnerships and bundles that incentivize people to choose ad plans," analyst Benes said. The company also launched an in-house advertising platform so that brands can better optimize its customer data, no longer partnering with Microsoft for that technology. Investors have cheered the moves, with Netflix shares gaining ground this year, despite the warnings that subscriber growth would slow. In the United States, the company has begun to offer some users combined packages with its one-time rivals, making itself available through joint subscriptions with Peacock and Apple TV. Netflix is seen as reigning supreme over the video content market, with Disney+ still struggling nearly five years after a launch that featured a slew of new content from its blockbuster Marvel and Star Wars universes. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Netflix adds millions of subscribers but growth slows

In UK, having an online subscription to Netflix, Spotify or Amazon Prime could help you get a home loan. In fact, so can sipping a cup of coffee at Pret A Manger. How can your Netflix account open the doors to your first dream home? Mohammed Saleh reports.

Gravitas: Can your Netflix account get you home loan?

<a href="https://www.wionews.com/entertainment/hollywood/news-do-you-share-your-netflix-account-with-friends-or-family-be-prepared-to-pay-extra-soon-527067">Netflix s</a>aid Wednesday it plans to build a state-of-the-art production facility at a former Army base at the Jersey Shore that will cost more than $900 million, and create thousands of jobs. The subscription video streaming company will pay $55 million for a 292-acre site on the former Fort Monmouth military base in Eatontown and Oceanport.

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The California-based company plans an additional $848 million worth of investments in 12 sound stages and for other uses related to the film industry.

“We’re thrilled to continue and expand our significant investment in New Jersey and North America,” said Ted Sarandos, the company’s co-CEO and chief content officer. We believe a Netflix studio can boost the local and state economy with thousands of new jobs and billions in economic output, while sparking a vibrant production ecosystem in New Jersey.”

Also Read:&nbsp;<a href="https://www.wionews.com/entertainment/hollywood/news-do-you-share-your-netflix-account-with-friends-or-family-be-prepared-to-pay-extra-soon-527067">Do you share your Netflix account with friends and family? Be prepared to pay extra soon</a>

The announcement was made Wednesday evening, following a vote by the Fort Monmouth Economic Revitalization Authority to accept Netflix’s bid over three competing offers.

“This transformative investment will serve as a cornerstone in our efforts to create a thriving industry from whole cloth,” said New Jersey Gov. Phil Murphy, a Democrat. “As a result of nearly a billion dollars in film production spending, New Jersey will further solidify its status as an emerging national leader in the television and film industries.”

He also said the project will create new housing, hotel, and film-related businesses in the area, which has suffered economically since the Army closed the base in 2011. The project is due to be completed in two phases over the course of several years. The first will include the construction of a dozen sound stages, each ranging in size from 15,000 to 40,000 square feet (around 1,400 to 3,700 square meters).

Also Read:&nbsp;<a href="https://www.wionews.com/entertainment/hollywood/news-is-the-golden-age-of-television-over-498063">Is the Golden Age of Television over?</a>

Additional work may include office space, production services buildings and related studio space with the potential for consumer-focused components including retail uses.

“We are thrilled by the promise this Netflix project will deliver,” said Michele Siekerka, president and CEO of the New Jersey Business and Industry Association. “Jobs and innovation are at the heart of this Netflix-New Jersey partnership, just as they were throughout Fort Monmouth’s rich history.”

The plan still needs numerous levels of approvals from local and state officials.

Another TV and film production studio is set to be built in New Jersey on the site of a now-demolished public housing complex in Newark. The $125 million, 12-acres studio will be anchored by global entertainment provider Lionsgate, officials announced in May.

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Netflix said Wednesday it plans to build a state-of-the-art production facility at a former Army base at the Jersey Shore that will cost more than $900 million, and create thousands of jobs.

Netflix said Wednesday it plans to build a state-of-the-art production facility at a former Army base at the Jersey Shore that will cost more than $900 million, and create thousands of jobs. The subscription video streaming company will pay $55 million for a 292-acre site on the former Fort Monmouth military base in Eatontown and Oceanport. The California-based company plans an additional $848 million worth of investments in 12 sound stages and for other uses related to the film industry. “We’re thrilled to continue and expand our significant investment in New Jersey and North America,” said Ted Sarandos, the company’s co-CEO and chief content officer. We believe a Netflix studio can boost the local and state economy with thousands of new jobs and billions in economic output, while sparking a vibrant production ecosystem in New Jersey.” Also Read: Do you share your Netflix account with friends and family? Be prepared to pay extra soon The announcement was made Wednesday evening, following a vote by the Fort Monmouth Economic Revitalization Authority to accept Netflix’s bid over three competing offers. “This transformative investment will serve as a cornerstone in our efforts to create a thriving industry from whole cloth,” said New Jersey Gov. Phil Murphy, a Democrat. “As a result of nearly a billion dollars in film production spending, New Jersey will further solidify its status as an emerging national leader in the television and film industries.” He also said the project will create new housing, hotel, and film-related businesses in the area, which has suffered economically since the Army closed the base in 2011. The project is due to be completed in two phases over the course of several years. The first will include the construction of a dozen sound stages, each ranging in size from 15,000 to 40,000 square feet (around 1,400 to 3,700 square meters). Also Read: Is the Golden Age of Television over? Additional work may include office space, production services buildings and related studio space with the potential for consumer-focused components including retail uses. “We are thrilled by the promise this Netflix project will deliver,” said Michele Siekerka, president and CEO of the New Jersey Business and Industry Association. “Jobs and innovation are at the heart of this Netflix-New Jersey partnership, just as they were throughout Fort Monmouth’s rich history.” The plan still needs numerous levels of approvals from local and state officials. Another TV and film production studio is set to be built in New Jersey on the site of a now-demolished public housing complex in Newark. The $125 million, 12-acres studio will be anchored by global entertainment provider Lionsgate, officials announced in May. Watch WION live here:

Netflix plans $900 million production facility at former New Jersey Army base

Netflix India`s Vice-President (Content) Monika Shergill has said five Indian titles have featured on Netflix`s global top 10 lists so far this year. Viewership of Indian films on the streaming service has gone up by 50 per cent from last year, reports `Variety`.

Hits for the service include Alia Bhatt`s `Gangubai Kathiyawadi`, pan-India blockbuster `RRR` and `Bhool Bhulaiyaa 2`, starring Kartik Aaryan and Tabu.

Shergill also pointed out in an interview with `Variety`, coinciding with the streamer`s Films Day on Monday, that Indian movies featured in the Netflix non-English charts for 31 of the last 34 weeks.

Another hit Alia film has been `Darlings`, whose story revolving around domestic abuse, which debuted as the biggest non-English language original film opener for the service worldwide. The movie, co-produced by Alia with Red Chillies Entertainment, also features powerful performances by Shefali Shah and Vijay Verma.

Other titles showcased during Films Day included: `Chakda `Xpress`, inspired by the life of cricketer Jhulan Goswami, starring Anushka Sharma; heist thriller `Chor Nikal Ke Bhaga`, starring Yami Gautam and Sunny Kaushal; `Jogi`, which is set against the backdrop of the 1984 Delhi anti-Sikh riots, starring Diljit Dosanjh and directed by Ali Abbas Zafar; the satire `Kathal`, starring Sanya Malhotra; Vishal Bhardwaj`s spy thriller `Khufiya` featuring Tabu, Ali Fazal, and Azmeri Haque Badhon; and Anurag Kashyap acolyte Vasan Bala`s whodunnit `Monica O My Darling`, with Rajkummar Rao, Huma Qureshi and Radhika Apte.

Also a part of the showcase were Shashanka Ghosh`s romantic comedy `Plan A Plan B`, starring Riteish Deshmukh and Tamannaah Bhatia; the intense drama `Qala`, directed by Anvita Dutt, which will see Irrfan Khan`s son Balih making his film debut; Zoya Akhtar`s comic book adaptation `The Archies`; and the Indian version of Keigo Higashino`s Detective Galileo novel, `The Devotion of Suspect X`, headlined by Kareena Kapoor Khan and directed by Sujoy Ghosh ("Kahaani").

Netflix India`s Vice-President (Content) Monika Shergill has said five Indian titles have featured on Netflix`s global top 10 lists so far this year. Viewership of Indian films on the streaming service has gone up by 50 per cent from last year, reports `Variety`.

Netflix India`s Vice-President (Content) Monika Shergill has said five Indian titles have featured on Netflix`s global top 10 lists so far this year. Viewership of Indian films on the streaming service has gone up by 50 per cent from last year, reports `Variety`. Hits for the service include Alia Bhatt`s `Gangubai Kathiyawadi`, pan-India blockbuster `RRR` and `Bhool Bhulaiyaa 2`, starring Kartik Aaryan and Tabu. Shergill also pointed out in an interview with `Variety`, coinciding with the streamer`s Films Day on Monday, that Indian movies featured in the Netflix non-English charts for 31 of the last 34 weeks. Another hit Alia film has been `Darlings`, whose story revolving around domestic abuse, which debuted as the biggest non-English language original film opener for the service worldwide. The movie, co-produced by Alia with Red Chillies Entertainment, also features powerful performances by Shefali Shah and Vijay Verma. Other titles showcased during Films Day included: `Chakda `Xpress`, inspired by the life of cricketer Jhulan Goswami, starring Anushka Sharma; heist thriller `Chor Nikal Ke Bhaga`, starring Yami Gautam and Sunny Kaushal; `Jogi`, which is set against the backdrop of the 1984 Delhi anti-Sikh riots, starring Diljit Dosanjh and directed by Ali Abbas Zafar; the satire `Kathal`, starring Sanya Malhotra; Vishal Bhardwaj`s spy thriller `Khufiya` featuring Tabu, Ali Fazal, and Azmeri Haque Badhon; and Anurag Kashyap acolyte Vasan Bala`s whodunnit `Monica O My Darling`, with Rajkummar Rao, Huma Qureshi and Radhika Apte. Also a part of the showcase were Shashanka Ghosh`s romantic comedy `Plan A Plan B`, starring Riteish Deshmukh and Tamannaah Bhatia; the intense drama `Qala`, directed by Anvita Dutt, which will see Irrfan Khan`s son Balih making his film debut; Zoya Akhtar`s comic book adaptation `The Archies`; and the Indian version of Keigo Higashino`s Detective Galileo novel, `The Devotion of Suspect X`, headlined by Kareena Kapoor Khan and directed by Sujoy Ghosh ("Kahaani").

'Gangubai Kathiyawadi', 'RRR', 'Bhool Bhulaiyaa 2' on Netflix's global top 10 lists

Rachel Williams, who was an associate of New York City con artist Anna Sorokin, has sued Netflix&nbsp;over her portrayal in 'Inventing Anna'. The&nbsp;former&nbsp;Vanity Fair&nbsp;photo editor, who has often spoken about her time with the con artist through interviews and articles, feels that nearly everything about her character in the Netflix&nbsp;show is made up and is far from reality.

In her complaint, Williams stated, "This action will show that Netflix made a deliberate decision for dramatic purposes to show Williams doing or saying things in the Series which&nbsp;portray her as a greedy, snobbish, disloyal, dishonest, cowardly, manipulative and opportunistic person."

The complaint further states, "Williams did not stop being friends with Sorokin because Sorokin was having problems in Morocco, but rather because she subsequently discovered on her return to New York that Sorokin was a liar and a con artist whose statements and promises had induced Williams to incur liabilities of around $62,000&nbsp;on Sorokin’s behalf were false, and who only reimbursed her $5,000 despite numerous promises to reimburse her $70,000 to account for the full debt and any&nbsp;late fees incurred."

According to the series, Williams gladly accepts expensive gifts and trips from Anna but doesn't hesitate to sell out her friend to the authorities once she learns that her so-called friend has been lying about her fortune to everyone.

Also read:&nbsp;<a href="https://www.wionews.com/entertainment/michael-jackson-had-19-fake-ids-to-buy-drugs-revelations-from-new-documentary-511385" hreflang="en">Michael Jackson had 19 fake IDs to buy drugs! Revelations from new documentary</a>

In another scene in the series, an attorney is seen forcing Williams to admit that Anna picked up the tab on every one of their outings. Referring to that particular scene, the complainant claims that the intent of the cross-examination scene was to imply that Williams is a freeloader, which she completely denies. She stated that everything about that scene is untrue&nbsp;because she paid for drinks on several occasions and split the bill for spa treatments and dinners.

The series is&nbsp;based on a&nbsp;2018 New York article which showcases the scams and downfall of Anna Sorokin, better known as Anna Delvey. In the Netflix show, Anna is seen swindling&nbsp;her way into NYC's upper crust by lying about being a German heiress. She also defrauds banks out of millions to fund her extravagant lifestyle.

The show includes a whimsical disclaimer, which read,&nbsp;"This story is completely true. Except for the parts that are totally made up."

Rachel Williams, who was an associate of New York City con artist Anna Sorokin, has sued Netflix over her portrayal in 'Inventing Anna'. The former Vanity Fair photo editor, who has often spoken about her time with the con artist through interviews and articles, feels that nearly everything about her character in the Netflix show is made up and is far from reality.

Rachel Williams, who was an associate of New York City con artist Anna Sorokin, has sued Netflix over her portrayal in 'Inventing Anna'. The former Vanity Fair photo editor, who has often spoken about her time with the con artist through interviews and articles, feels that nearly everything about her character in the Netflix show is made up and is far from reality. In her complaint, Williams stated, "This action will show that Netflix made a deliberate decision for dramatic purposes to show Williams doing or saying things in the Series which portray her as a greedy, snobbish, disloyal, dishonest, cowardly, manipulative and opportunistic person." The complaint further states, "Williams did not stop being friends with Sorokin because Sorokin was having problems in Morocco, but rather because she subsequently discovered on her return to New York that Sorokin was a liar and a con artist whose statements and promises had induced Williams to incur liabilities of around $62,000 on Sorokin’s behalf were false, and who only reimbursed her $5,000 despite numerous promises to reimburse her $70,000 to account for the full debt and any late fees incurred." According to the series, Williams gladly accepts expensive gifts and trips from Anna but doesn't hesitate to sell out her friend to the authorities once she learns that her so-called friend has been lying about her fortune to everyone. Also read: Michael Jackson had 19 fake IDs to buy drugs! Revelations from new documentary In another scene in the series, an attorney is seen forcing Williams to admit that Anna picked up the tab on every one of their outings. Referring to that particular scene, the complainant claims that the intent of the cross-examination scene was to imply that Williams is a freeloader, which she completely denies. She stated that everything about that scene is untrue because she paid for drinks on several occasions and split the bill for spa treatments and dinners. The series is based on a 2018 New York article which showcases the scams and downfall of Anna Sorokin, better known as Anna Delvey. In the Netflix show, Anna is seen swindling her way into NYC's upper crust by lying about being a German heiress. She also defrauds banks out of millions to fund her extravagant lifestyle. The show includes a whimsical disclaimer, which read, "This story is completely true. Except for the parts that are totally made up."

Netflix slapped with defamation suit for 'Inventing Anna'

Netflix and romcoms are a hit combo, and what makes this video-streaming giant’s latest outing—Resort To Love’—all the more exciting is the fact that Grammy-winning musician Alicia Keys is a producer in it!&nbsp;

 
Headlined by mush-and-romance queen Christina Milan (‘Falling Inn Love’, ‘Love Don't Cost a Thing’ etc.), this light-hearted film sees Milan taking on the role of Erica—an aspiring pop singer who earns a resident gig at a luxurious island resort in Africa. Soon enough, her ex-fiancé turns up at the venue: for his wedding!&nbsp;

 
Understandably, Milian is psyched about working with Keys and has expressed her joy and excitement about the same on Instagram. “Excited to work on my next film project with @netflixfilm. Already loving our cast and with @aliciakeys producing we're bound to make something everyone will love. I'm ready! #grateful,” Milan wrote.&nbsp;

 
The multiple award-winning singer’s production company, AK Worldwide, has also produced the dance comedy ‘Work It’ starring Sabrina Carpenter that released on Netflix last August.

 
‘Resort To Love’ releases on Netflix on July 29.&nbsp; 
&nbsp;

Netflix and romcoms are a hit combo, and what makes this video-streaming giant’s latest outing—Resort To Love’—all the more exciting is the fact that Grammy-winning musician Alicia Keys is a producer in it!

Netflix and romcoms are a hit combo, and what makes this video-streaming giant’s latest outing—Resort To Love’—all the more exciting is the fact that Grammy-winning musician Alicia Keys is a producer in it! Headlined by mush-and-romance queen Christina Milan (‘Falling Inn Love’, ‘Love Don't Cost a Thing’ etc.), this light-hearted film sees Milan taking on the role of Erica—an aspiring pop singer who earns a resident gig at a luxurious island resort in Africa. Soon enough, her ex-fiancé turns up at the venue: for his wedding! Understandably, Milian is psyched about working with Keys and has expressed her joy and excitement about the same on Instagram. “Excited to work on my next film project with @netflixfilm. Already loving our cast and with @aliciakeys producing we're bound to make something everyone will love. I'm ready! #grateful,” Milan wrote. The multiple award-winning singer’s production company, AK Worldwide, has also produced the dance comedy ‘Work It’ starring Sabrina Carpenter that released on Netflix last August. ‘Resort To Love’ releases on Netflix on July 29.

Grammy winner Alicia Keys has a surprise role in Netflix’s ‘Resort To Love'

In an upsetting update, Netflix is cancelling four comedies.

Among those four are ‘The Crew’ (ending with season one), ‘Country Comfort’ (ending with season one), ‘Mr. Iglesias’ (ending with part three) and ‘Bonding’ (ending with season two).

In addition, Netflix closed a development deal with The Crew‘s Kevin James to develop a new single-camera comedy series for him to produce and star in.

The company also has another project with Gabe Iglesias, with the third of a series of his stand-up specials slated to shoot this summer.

Meanwhile, Netflix has renewed ‘The Upshaws’ which will return for season two.

<a href="https://www.wionews.com/entertainment/sam-asghari-has-not-proposed-to-britney-spears-despite-her-desire-to-marry-396110" hreflang="en">Sam Asghari has not proposed to Britney Spears despite her desire to marry</a>

<a href="https://www.wionews.com/entertainment/lifestyle/news-inside-gwen-stefani-blake-sheltons-intimate-wedding-see-pics-396158" hreflang="en">Inside Gwen Stefani, Blake Shelton's intimate wedding, see pics</a>

In an upsetting update, Netflix is cancelling four comedies. Among those four are ‘The Crew’ (ending with season one), ‘Country Comfort’ (ending with season one), ‘Mr.

In an upsetting update, Netflix is cancelling four comedies. Among those four are ‘The Crew’ (ending with season one), ‘Country Comfort’ (ending with season one), ‘Mr. Iglesias’ (ending with part three) and ‘Bonding’ (ending with season two). In addition, Netflix closed a development deal with The Crew‘s Kevin James to develop a new single-camera comedy series for him to produce and star in. The company also has another project with Gabe Iglesias, with the third of a series of his stand-up specials slated to shoot this summer. Meanwhile, Netflix has renewed ‘The Upshaws’ which will return for season two. Sam Asghari has not proposed to Britney Spears despite her desire to marry Inside Gwen Stefani, Blake Shelton's intimate wedding, see pics

Netflix cancels four comedies, including the popular ‘The Crew’

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