Tag Archives: NETFLIX

3 Former Netflix Employees Reportedly Made $3.1 Million USD off of Insider Trading

Earlier this week, the Securities and Exchange Commission announced that they are charging three former Netflix employees and two close associates for revealing confidential information regarding the streaming giant’s subscriber growth that led to them netting a profit of $3.1 million USD.

Netflix picks up an animated movie from ‘Into The Spider-Verse’ producers

Netflix has added another movie to the mammoth slate of original films it’s releasing this year. It scooped up the worldwide rights (excluding China) to animated flick The Mitchells vs. The Machines, which was previously called Connected.

Netflix is buying its first production studio complex

Netflix isn’t just expanding its footprint in California. The streaming behemoth is planning to open a production hub in New Mexico by acquiring Albuquerque’s ABQ Studios — its first purchase of a production studio complex. It’s making the deal (which is still in “final negotiations”) in part due to incentives, which include up to $10 million in Local Economic Development Act funding from the state as well as a maximum of $4.5 million from Albuquerque.

Continue reading Netflix is buying its first production studio complex

Netflix Introduces Vertical Video Previews on Mobile Devices

Netflix is changing up their preview format so you can get the mobile-optimized view of the show or movie you may want to watch next, Variety reports. The streaming service recently updated their mobile app to allow users to see previews in vertical-video mode, a lot like stories on Instagram or Snapchat. Continue reading Netflix Introduces Vertical Video Previews on Mobile Devices