Netflix added subscribers like gangbusters but it wont book as many next

first_img Is Netflix too expensive? Netflix doesn’t think so In a letter to shareholders, Netflix said it was in the middle of its price hikes in the US, Brazil, Mexico and some parts of Europe, which created “some modest short-term churn” — jargon for people quitting. But it downplayed the threat of new competitors like Apple and Disney rolling out streaming services. The company called them “world class consumer brands” but indicated their presence wouldn’t impact Netflix’s growth.”We don’t anticipate that these new entrants will materially affect our growth because the transition from linear to on demand entertainment is so massive and because of the differing nature of our content offerings,” Netflix wrote. “We believe we’ll all continue to grow as we each invest more in content and improve our service and as consumers continue to migrate away from linear viewing.”Netflix noted that its streaming video represents about 10% of viewing hours on televisions in the US.In its results, international subscriber base grew by 7.86 million members to 88.63 million, beating the 7.3 million additions the company predicted. In the US, Netflix added 1.74 million streaming customer, for a total of 60.23 million, surpassing its 1.6 million guidance.In the second quarter, Netflix expects to add only 300,000 streaming members in the US and 4.7 million new members internationally. Netflix predicts 55 cents per share in earnings for the period, while on average, Wall Street analysts who track Netflix expect 99 cents.Overall for the first quarter, Netflix reported a profit of $344 million, or 76 cents a share, compared with $290.1 million, or 64 cents a share, a year earlier. Revenue rose 22 percent to $4.52 billion.Analysts on average expected per-share profit of 57 cents — a penny more than Netflix’s guidance — and $4.5 billion in revenue. Digital Media 1:36 Earnings Netflix Share your voice Now playing: Watch this: Netflix’s Triple Frontier, an action flick starring Ben Affleck, was streamed by 52 million accounts in the first month.  Netflix Netflix’s latest report on its business had a twist ending this time: The streaming-video giant still is adding customers like crazy, but it doesn’t expect its growth to keep pace in the coming monthsUS subscribers grew by 1.74 million and its members abroad climbed by 7.86 million, Netflix said in a report Tuesday on its first-quarter financial performance. But the company predicted the current quarter’s subscriber ranks would increase by just 5 million people, roughly half of the 9.6 total members it added in the first three months of the year. Netflix also touted the viewership of some of its originals. Heist movie Triple Frontier, starring Ben Affleck, was watched by more than 52 million households in its first four weeks. Umbrella Academy, a superhero drama based on a comic book by Gabriel Bá, has been watched by 45 million subscribers in its first four weeks, the company said.Netflix’s cautious outlook comes days after entertainment giant Disney unveiled its Netflix rival, Disney Plus. Launching in the US later this year for $7 a month, Disney Plus will mark the company’s aggressive move onto Netflix’s streaming turf. Given the eye-popping catalog of shows and movies Disney plans to put on its streaming service, it’s easy to lose sight of how dominant Netflix is likely to stay. Compared with Netflix’s total subscribers, which surpassed 148 million per Tuesday’s report, Disney’s most optimistic projection for its growth five years after launching will still be shy of 100 million Disney Plus members.  Tags Post a comment 0last_img read more

Deepika Padukone reveals why she thinks Ranveer Singh is not apt for

first_imgDeepika Padukone, Ranveer SinghInstagramDeepika Padukone made a stunning appearance at Cannes 2019, but unlike Priyanka Chopra, the actress did not bring along her husband Ranveer Singh at the event.As Ranveer is known for his unique fashion sense, it was expected that he would accompany Deepika at Cannes 2019. When asked why Ranveer did not join her at the film festival, Deepika said that he would have been a better one to attend Met Gala as she would “top him” at the Cannes, according to Bollywoodlife.She had made a similar statement at Met Gala 2019 as well. “He has this crazy sense of dressing and I think he would be actually a perfect fit for the theme. I think he is one person who will 100 per cent do justice to the theme but I am the one representing him,” the actress had said at Met Gala some days ago.Met Gala is one such event where celebrities sport the quirkiest outfits and considering Ranveer’s flamboyant style sense, Deepika is not wrong in her views. Deepika Padukone at Cannes 2019.InstagramOn the other side, Priyanka was seen throwing some PDA with her hubby Nick Jonas at Cannes 2019. Before that, her outfit and an overall look at Met Gala was widely talked about. While she had sported one of the quirkiest looks at the event, scores of memes on her appearance had flooded the internet.On the work front, Deepika will next be seen in Meghna Gulzar’s Chhapaak that is based on the real-life story of an acid-attack survivor.last_img read more

19 injured in Narail clash

first_imgAt least 19 people were injured in a clash between two groups of villagers at Sarole village in Lohagara upazila on Saturday night.Police said two groups of villagers — one led by Alam and the other led by Khokan — had been at loggerheads over establishing dominance in the area.As a sequel to the enmity, supporters of the two groups engaged in a clash in the night equipped with local weapons, leaving at least 19 people of both groups injured.The injured were admitted to Lohagara Upazila Health Complex, said sub-inspector Prabir Das of Lohagara Police Station, adding that additional policemen have been deployed in the area to ward off further trouble.last_img

DeConstructing Uncle Tom Awakens Audiences to Endemic Racial Bias

first_imgDe-Constructing Uncle Tom was performed entirely in blackface minstrelsy by a diverse group of actors during The Atlas Theater’s Intersections Festival. (Photo by Shantella Y. Sherman)When The Conciliation Project founder Tawnya Pettiford-Wates decided to explore a deconstruction of the archetype Uncle Tom from Harriet Beecher Stowe’s controversial novel “Uncle Tom’s Cabin,” it’s doubtful she knew the impact her work would have.  Staged entirely in blackface minstrelsy, De-Constructing Uncle Tom provides an historical trajectory of the tall-tale, originally published in 1852.   The hour-long production demonstrates how the racial stereotypes Stowe manufactured continue to adversely position Black families, churches, athletes, and youth, in the white American consciousness.Pettiford-Wates said that the untold history of the nation’s racial past compels audiences to question their own education and knowledge of history.  By presenting such lessons in minstrel character the company strikes at deeply-held belief systems and unrealized prejudices.  Admittedly, the blackface proves overwhelming at first, forcing viewers to look beyond the grotesqueness of saucer eyes and big red lips, against coal-black skin.  The challenge is to see and acknowledge the people beneath the caricature.“I didn’t like the blackface… it made me feel embarrassed, but I understand why.  I’ve read Uncle Tom’s Cabin and it was painful to read Black people described like we were animals.  There was no humanity in [Stowe’s] work.  I brought my son with me to the show because I wanted him to understand that society’s perceptions of you can be a dangerous,” said Jamal Rayford.  “He’s fifteen and looked me dead in the face and said, “White people wear masks too because they’re afraid.”As a part of the performance’s epilogue, the company of actors remove their make-up in the presence of the audience.  The process, called de-masking, is one of the production’s most prolific moments, shared between the actors and audience as a moment of solidarity.  This de-masking is occurring regularly in popular culture – undertaken recently by actresses Viola Davis and CCH Pounder on primetime television shows, How to Get Away with Murder and The Sons of Anarchy.De-Constructing Uncle Tom was performed entirely in blackface minstrelsy by a diverse group of actors during The Atlas Theater’s Intersections Festival. (Photo by Shantella Y. Sherman)“The lies live behind the masks.  So when you symbolically wipe off the mask, you expose the lie,” Pettiford-Wates said following a recent performance at The Atlas Theater’s Intersections Festival.  “That’s not to say that people can’t put it right back up again, that’s why I say consciousness has to be intentional.  That’s why you have to intentionally take it off.”Pettiford-Wates said that taking off the blinders and seeing the truth — even though painful and ugly, is necessary to the nation’s healing.Audience member Cheryl Dyson said that this ritualistic removal of make-up and wigs by African- American women in popular television shows and the actors in the play help disabuse Americans of lying about race and establishing new barriers.“De-Constructing Uncle Tom shows that although they’ve been modernized over the years, few white people view African Americans today outside of the characteristics of Uncle Tom, Mammy, and Topsy. Removing the masks symbolizes a refusal to keep up the pretense by Black people.  It is scary for the larger society because it simultaneously exposes whites, and systems of oppression we’ve come to accept as normal,” Dyson said.The Conciliation Project (TCP) has an 11-year history of facilitating difficult conversations around race and racism through the use of theatre.  The Richmond-based social justice theatre company partners with organizations and communities to engage in the long process of healing our nation’s historic past.last_img read more