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The Basic with Ads plan will include 15-to-30-second ads before and during shows and films, as well as have a smaller selection of content due to licensing restrictions.
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The streaming service had forecast that it would lose 2 million subscribers. The less severe loss, combined with a projection of growth in July to September, helped lift Netflix's battered stock.
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The layoffs are the latest signal of a major shift within the streaming giant as it recently reported a decline in subscribers for the first time in a decade, as well as slowing revenue growth.
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The entertainment company estimates there are now 100 million households using someone else's account. Last month, it announced plans to start charging for password sharing.
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The company said it has previously encouraged account sharing but that the practices are "impacting our ability to invest in great new TV and films for our members."
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Netflix's popular crime series is about to drop the first half of its last season. We look at five questions that hang over these seven episodes, and the seven more that will follow.
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The Netflix employee resource group supporting trans and nonbinary people is demanding better representation, both on-screen and in management.
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COMMENTARY If a royal racism scandal in the Old World reminds us of anything, it's that even figurehead monarchy should be anathema to the New World.
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Thousands of fans will be at Hard Rock Stadium Monday night for the College Football Championship — what safety protocols are in place? Plus Miami Mayor Francis Suarez on vaccine distribution. And the composer behind the hit Netflix series "The Queen's Gambit."
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Thousands of fans will be at Hard Rock Stadium Monday night for the College Football Championship — what safety protocols are in place? Plus Miami Mayor Francis Suarez on vaccine distribution. And the composer behind the hit Netflix series "The Queen's Gambit."
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The spies known as the Cuban Five are one of the most controversial stories in U.S.-Cuba relations – especially in Miami. A new movie about that bitter…
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The Golden Globe nominations are always odd, but this year they may be even odder than usual, particularly on the TV side. But it must be said: The Globes love a star, and now they love Netflix.