Netflix’s dismal second-quarter earnings, which saw a decline in the number of paying subscribers for the first time since 2011, have sparked a class action lawsuit from one of its investors. Shareholder Johan Wallerstein is suing Netflix, its cofounder, CEO, and chairman Reed Hastings, and its chief financial officer Spencer Neumann over “materially false and/or misleading” statements made in the lead-up to the earnings call, per The Hollywood Reporter.
netflix
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Insights: Netflix Tumbles But Who Can Take Advantage?
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Netflix Hit With Class Action Shareholder Lawsuit Following Dismal Q2 Earnings
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Netflix Removes Controversial Suicide Scene From ’13 Reasons Why,’ Citing Medical Experts
More than two years after the first season of Netflix’s adaptation of young adult novel 13 Reasons Why premiered, the streamer has removed a controversial scene that vividly depicted one of the main characters committing suicide.
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YouTube Megastar KondZilla, With 50 Million Subscribers, Drops Trailer For New Netflix Series
Netflix has once again tapped the digital creator well for a scripted series -- this one set in Brazil. The previously-announced coming-of-age drama Sintonia was created and directed by YouTube megastar KondZilla, who has the sixth most-subscribed channel in the world, with 50 million fans.
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Creators Going Pro: Netflix Snags YouTube Science Expert Nick Uhas To Host The World’s First Glassblowing Competition Show
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Netflix To Decrease Depictions Of Tobacco Use In Original Projects After Anti-Smoking Report
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Netflix Released A Director’s Commentary For ‘Always Be My Maybe,’ But You Can’t Listen To It On Netflix
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The Obamas’ First Netflix Feature, ‘American Factory,’ Is Headed To Theaters
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Netflix Is Testing A Pop-Out Player On Desktops So You Can Multitask While You Watch
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Writer-Director And Trans Activist Janet Mock Inks Multimillion-Dollar Netflix Deal
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Netflix’s ‘Love, Death & Robots’ Gets Second Season Helmed By Jennifer Yuh Nelson
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Colleen Ballinger To Make Broadway Debut In ‘Waitress’ Musical This August
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