you know, netflix is independent.look, i think there will be a natural evolution as the media companies figure out what the kind of end of paid cable looks like i think right now really our view on this is that there are a lot of factors that hurt netflix, ie the emergence of numerous competitors at a lower price with a lot of good original content and ultimately netflix priced themselves out of the market we did do some survey work as part of the report we found amongst 15% of subscribers who cancelled -- 15% of people we surveyed had cancelled. they didn't tell us exactly why. 43% said they would resubscribe at a lower price right there that's significant and of the 9% who never subscribed 30% said they would come in at a lower price. we think by offering a lower price service you get people to subscribe. and netflix we think gets paid on the advertising side. >> speaking of getting paid, i wonder what you make of the high cpms that netflix is talking about or reportedly talking about. i understand their scale but d

and netflix a rare outperforming today. where evercore says buy now as shares top more than 5% although the nasdaq down about 1.3% as yields today remain stubbornly high starting with the deal of the day, adobe shares plunging after releasing earnings ahead of schedule, the top line missed, bottom line was a beat guidance for the current quarter mixed by the company announcing it will acquire figure ma for $20 million. a closer look. >> the deal is really all about the top line and accelerating top line you know we are an extremely profitable company we have some aggressive goals in terms of being able to make this accretive in year three, which is rapid as well as driving top-line growth. i any from the perspective of shareholders we willoff set dilution while the transactions underway we believe that it rapidly actually enables us to accelerate our bottom line eps as well. >> adobe planning to integrate features from photoshop and that cash and stock deal expected to close in 2023. john, i'd love your thoughts, especially

why netflix now? why here and now for this name you used to own, that you sold in the early part of august? >> well, i'm buying more than netflix. so the idea is a bar bell approach when you've done that the whole time the market's in a down trend now all of a sudden people are waking up to the risk and getting more bearish, now is when you can say, okay, that's what's going to happen where are the opportunities? in the bar bell you're looking for two things on the one end what has already absolutely been killed and on the other end is what's holding up really well like what refuses to go down netflix is in the latter category this stock really did not want to sell-off yesterday. it is a big index component so eventually it did get caught up in the selling, but this stock is still way above its low, and it really is one of the more resilient stocks on my screen. whether you want to mexer that by rsi or just an eyeball test, look at these days we've had a lot of times you see it green. the story here i

schedule, netflix as soon as november, trying to lock in these deals, netflix needs to reverse two straightubscribers and make something happen. and those rising interest rates, they are less patient about companies with skin free cash flows, netflix is never a cash flow generator, disney used to produce of massive amount of free cash flow to stream, these companies are not bringing this ad revenue in a hurry. jack: television advertising is a shotgun. with streaming there could be more targeted approach to hitting the specific audience the advertiser wants. jack: streaming company's have direct credit card relationships with their customers. that is as good as it gets to pinpoint specific customers. the audience is also huge, netflix get double the viewership of the most-watched company out of traditional television. there's a huge audience also. ben: we are watching the slow death of standard television. what does that mean for shows i like to watch like ncis, ncis hawaii? >> death is too strong word, regular television generate a lot of cash. it could accelerate, we are down from 100 mil

how big a coup is this for netflix? >> two of the top executives in the digital add business right now. peter naylor in particular, though jeremy gorman is more senior. peter naylor helped to build the -- at hulu. netflix has spent the past couple of months, if not longer, looking for executives to lead the charge for them. now they have two solid people. emily: at this point, what do we know about netflix's ad supported -- and how it will compared to disney? >> we know it is going to give you either -- either in the final three months of this year or at the beginning of next year. my reporting has suggested it will cost about half as much as basic netflix for think eight dollars or nine dollars. there will be advertising in some programming, but not all. no advertising in kids programming at first. no advertising and new movies. it will be before and during some programs, but not after. they are aiming at four minutes per hour. netflix, disney, hbo max are aiming for a low advertising load and they can charge a lot for

netflix and disney will be successful.e don't yet know how netflix will -- disney surprised me by keeping at the same price. moving the ad free price up, i think that is an aggressive price move. it will be interesting to see how much price sensitivity is in the disney plus subscriber ranks. emily: you have said netflix and disney can both and will both coexist, but over the long term, given the challenges we have known to face, does netflix or disney have the edge? >> they are very different services. disney is configured with the core browned -- for a of the walt disney company. pixar, star wars. it is designed to super serve the fans of those brands. they have expanded under bob chapek. they have expanded programming to have general entertainment, but the essence of disney pluses for fans of the brands. not only families, of course if you have kids you are more likely to be a fan of those brands, but also for adults. single people and couples are fans as well. that is the focus of disney plus. if you are a fan of one of

i'm okay. >>> netflix expects it to grow in the next year netflix hasn't released the full details of julia boorstin joins us with more >> reporter: "the wall street journal" reporting that in addition to the target of 40 million unique viewers targeting 4.4 million unique viewers worldwide by the end of this year indicating that netflix might start rolling out the ad supported plan in november so netflix has refused to confirm any details. they just tell us all of this is speculation saying, quote, we are still in the early days of deciding how to launch a lower priced ad supported tier and no decisions have been made analysts are waiting for the details. 60% have a hold rating 27% a buy. 13% a sell or the equivalent benchmark with the sell rating today writing, quote, they could deliver 20 points plus an upside with execution although early indications netflix is unrealistically aggressive on pricing given vanilla capabilities especially personalization versus peers and inadequate performance measurement. bofa warning that ad-supported streaming is not a layup even in the u.s. where

what's your feeling on netflix >> we were bearish on netflix because we saw the streaming wars takingmers' time to spend and the amount they're willing to spend on the different services when netflix came out with the discussion of launching an ad-supported tier that began to pique our interest again how the math works behind this and we estimate it could be not only strong ad revenue business if they roll it out smoothly but in terms of incremental revenue to the company and earnings. you'll have migration of paid subs to this lower priced tier leads to good earnings performance from netflix over a few years' time. >> do you see that as being priced into the stock at $228? >> it's up from its lows quite a bit. it's past the worst. who knows what the next number might be that's always the primary driver of the stock the view we're taking here ad supported streaming, consumers can't afford to pay for services the companies receive on the ads they placed can be very high they may be lawning on november 1st is what we're reading most recently revenue growth, now it's still a very crowded

netflix has a game plan. netflix is creating its first in-house video game studio.n will the company be seen as a gaming competitor? we discuss, next. this is bloomberg. ♪ zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. ed: netflix is creating its first in-house video game studio in a push to be less reliant on third already creators and expand its gaming offerings. the streaming service platform is seeking to increase engagement and differentiate itself. bloomberg intelligence believes there will not be a significant impact. our analyst, geetha ranganathan, joins us now to discuss it. you put research out before the news of the in-house studio hit the bloomberg dachshund bloomberg. does that change anything for you? >> unfortunately not really. thanks for having me. netflix has been a taking baby steps in the space of gaming. they have 30 games or so. it has been on their platform for 10 months. so far we ha

i think netflix is going to find that out. illustrate that point -- to illustrate that point, we have this chart that shows in the third quarter, based on app downloads, we know candy crush, more than 39 million downloads, every single netflix game that is available just shy of 5.5 million. in your research you point out, there some technological restrictions. you can only get netflix games through the mobile app. what is a problem? geetha: absolutely. this -- so much of the problem with why the update has been slow is because of discovery or the lack of discovery. first of all, it's only available on mobile. 75% of netflix viewing happens on connected tv. there to even play a game. you have to be on your mobile device. once you're on your mobile device, and you wish to engage with the netflix game, you have to leave the app and going download the the mobile gaming app. there's a bit of friction there. it's not the most user-friendly now. that has been one of the other reasons that has inhibited the app. ed: geetha ranganathan

ed ludlow has been keeping an eye on netflix. ed: it was a volatile session for netflix. higher at the open then swinging back down to a loss in the middle of the session. closing up 1.5%. the catalyst in the early part of the session was an upgrade from oppenheimer. the third upgrade we have seen from analysts this month. they are focused in on the potential for an advertising based tear of subscription. price target through into $25 -- $325 raising netflix to outperform. there is a little bit of momentum behind the stock. you come inside of the bloomberg terminal, get some context netflix is a stock down 60 , percent. it is trading very close to the average 12 months analyst price target. if you are down 60% in trading where the street and she will be -- you will be on a 12 months basis there is not much room for upside. i think it is going to be interesting to keep and i on netflix and how much momentum does get behind the stock as we move toward an ad based tier for netflix. i don't know about ads. emily: it is certainly will change the netflix experience. i have to t

. >> peter, you give thumbs up to caesar and thumbs down to subjects carvana and netflix. >> netflix, in real estate they talk about location, location, location with netflix it's three things programming, programming, programming. i think we can all agree that netflix has taken quantity over quality. do you know they were the ones that made the most movies last year yet they have the worst ratings of competitors i don't have to go into a balance sheet with a company like this. i think it is destined to fail unless they revamp the programming. with carvana it is - >> don't they have "ozark" >> and "the crown. >> i don't disagree because i don't know that -- >> certainly is a -- >> the series, they have some ones that hook you i almost said something else there. >> maybe you want to watch them over and over but it is a hit based business. >> the kids watch the movies over and over again. we crush netflix. >> you know the lines by heart. >> right. >> just moving on to carvana, do you know that they had to raise $3 billion on the dlans sheet? debt had to raise another 3 under extreme str

that's a very bullish outlook for netflix. >> yes, it is. it's 12 months outlook.atalyst. i can see across tech so this is , by the way the valuation, for the first time ever, you can buy netflix at like a market pe multiple, gaap pe multiple of around 18 times bringing in a new revenue stream. they are going to finally they should have done this a few years ago but that's the past, they are finally rolling out an ad-supported service. this will solve one of their biggest problems. i think netflix over the years with all the price increases has painted itself into a premium price corner. this is the exit from that, so again, they should have done this before, but the catalyst is coming up and i think that can really unlock a lot of value on a stock that's been beaten down dramatically. yes, i think there's a lot of upside when you get these kind of situations. stuart: if you're right you'll make a lot of people happy. if you're wrong, they will be annoyed. how about google? >> yes, they will. stuart: i'm sorry. you're in a very difficult industry, actually, making

netflix got a boost from a financial from evercore.rk that comes on your program is raising netflix to outperform and in his view, it's worth 30% more and you could get $300 because of that new ad tier that's coming pretty soon. netflix themselves outlined they could get 40 million viewers by 2023 onto that ad tier and that's why evercore says it's worth a buy and also if you think about it, netflix is comes to the realization that their pure subscription model doesn't work in this type of age. also, if i was a linear, if i was a comcast, broadcast network provider, i would have concerned a lot of ad revenue migrating onto the streaming sites and disney coming out with an ad tier in early december. stu: netflix at 232 as we speak on the upside this morning. >> if it hits 300, only down 50% from the all-time high. stu: let's not forget that. got that dig in there. susan: talk about growth then when it comes to technology and some of these plays. are you going to get 30, 40% growth in margins like with apple and value plays like railways

netflix still down 60% this year.xton sent out a note today with a number of charts for them saying it is a by year. you have these two things going down. >> some of us would say it looks like it's ready to party. some huge gaps in this thing. the news has not been particular league rate. there is this huge catalyst. the thing that took the stock down, it could be the very thing that if they get right, it will take it one step at a time to fill in those gaps. i think we've had a hard time to say netflix looks reasonable on an evaluation basis for a long time. they bought it over the summer. when it was in the hall. >> one share by accident and then i added after that. bought on the crown. filled on one share. bought some more. the evaluation has come in. i think that when they missed, twice, it was really the second miss that did them in. all that momentum for whatever it was, they just mailed out at any price, no matter what. that's an interesting dynamic for me. >> 700. which is remarkable if you think about it. i k

you know, look, i think netflix sort of set the model for how you could become profitable.took them a long time they didn't really get to that point, if you really look at their correct profit measure, which is, you know, their cash flow, really, until they hit 200 million subscribers, right and they're paying somewhere about $15 a month. disney, even though they're a closer approaching that number, they're -- they don't charge as much it's going to take them a lot longer you know, at this point, you know, netflix is still sort of the best one, at least in terms of as a business, but we've seen how challenged they are. so if netflix is sort of the future for like disney or hbo max, you're like, that's not necessarily a great future for them they have to figure out a better way to go at it. i think hbo has done a great job of focusing on fewer, better at least that's their idea and to your point, a lot more singles. maybe a home run on occasion maybe that's the way to kind of win that game. but it still remains to be seen. i don't know that there's a great deal model right n

could netflix's upcoming be a stream come true it's higher by more than 8% -- look, more than 9.least one wall street firm thinking so. >>> a reminder, you can colon to "closing bell" by following the podcast. we will be right back with the dow much 605 power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market. >>> apple is the big loser in the dow, the ohm loser in the dow, on concerns of iphone 14 demapped that and more stories, and a big deal for boeing, all when we take you inside the market zone next personalized financial advice from ameriprise can do more than help you reach your goals. wow... we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients a

but the name that is shaking up the world of hollywood is netflix.ar. it is premiering four movies at the venice festival, including blonde, a dark retelling of marilyn monroe's tragic life. they won't be released in cinemas. meanwhile, there's a potential disaster movie in the making for traditional cinema. cineworld, the world's number two cinema chain, is close to bankruptcy, with debts of $5 billion. thousands of cinemas could close in the us and here in the uk if it collapses. this weekend uk the industry is holding its first national cinema day, trying to attract audiences back with £3 tickets. but can the big screen survive in the age of big streaming? that is a question for karen who is a film journalist at the venice film festival at the moment. what do you make of all of this, is the a future for cinema?— of this, is the a future for cinema? there is always a future for _ cinema? there is always a future for cinema. - cinema? there is always a future for cinema. as i cinema? there is always a future for cinema. as long cinema? there is alwa

tonight, from a new pizza-themed season of the great show "chef's table" on netflix, the james beard the year, chris bianco is with us. [ cheers and applause ] then later, this is their new album "chaos in bloom." goo goo dolls from the mercedes eq stage. [ cheers and applause ] this week, we've got all new shows, we're back at it with brie larson, kenan thompson, josh duhamel, simon cowell, and ralph macchio, with music from macklemore and youngblood. and much more too, so please join us for all that. our first guest is back from his annual summer yacht hop with a toasted marshmallow tan and a voice that makes one hell of a case for smoking cigarettes. he is host of "lego masters." season 3 premieres september 21st on fox. lease welcome will "the thrill" arnett. [ cheers and applause ] ♪ >> wow. >> jimmy: very good to see you. >> god, it's good to be back in show business, isn't it? civilian life sucks, right? we're back! >> jimmy: yeah. we are back. >> we are back. it's hot, i'm sorry. >> jimmy: thanks for being my first guest here. >> how are you? >> jimmy: i wanted something i co

dan nathan, what do you make of the netflix trade?ven though t is down 77% from its high made just last year, the stock shows good relative strength. it is up 35% from its low over the summer. during q1 they lost 2 million subs. during q2 they lost 1 million subs. they have pulled forward just a bit and the timing on this ad supported model will add uncertainty but it is one of the reasons why the stock me stay big and even if the nasdaq goes back towards its lows, it may not make new lows. so this is when i want to add dollar cost averaging if it were to head back. high single digits earnings and sales growth are expected next year. maybe a drop in subscribers lost, this could be an unusual value. >> i have heard that from a lot of traders him. >> relative to itself, that is not too bad. netflix has outperformed the market in the last three months by about 15%. i think you have not really given them credit for any of the password generation, additional income or the ad supported model. if anything it is a net positive and on valuatio

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one firm saying now is the time to go long, netflix. julia has more on that first european markets are closing in unbelievably volatile sessions after the bank of england steps in to stabilize the bond market. seema mody has been watching it all morning. >> the purchases will be carried out on whatever scale is necessary. that was what the bank of england said earlier this morning. that did provide some temporary support off the lows of the session. jpmorgan telling clients while today's move may sound like qe, quantity tative easing, they caution it is not, it is a tool to address the recent deterioration in the long end of the curve and concerns over margin calls speaking of that yields on the 30-year in the uk dropping, a reversal what what we've seen over the past six days from 3.8 to 5.1% currently yielding about 3.9 for the 30-year in the uk. currency traders at stonex writing while the bond market may calm down due to actions taken by the boe, let's not forget it's possibly not the best news for the currency, the pound which did

right now netflix has 220 million paid memberships, 73 million of them are here in the u.s. to be hitting 40 million by q3 of next year and that 13 million of them would be here in the u.s. now, of course, the big question is how much is this service going to cost? the number of subscribers they get for an ad-supported tier will depend a lot on how much they are charging for that tier and whether they raise prize for the ad--free tier which, of course, is what disney is doing ahead of the ad supported service. seems like the stock is up whenever we get more details ben flicks's push to embrace the ad supported tier they are not just getting new subscribers, people who have never paid for netflix before but also trying to deal with turn, making sure if someone doesn't feel like they want to pay for the full ad-free version, then maybe they will downgrade to ad-supported instead of dropping the service entirely. >>> so as you said, it's been this trickle of slightly bullish news around the netflix ad model. has it changed wall street's view of the stock which got so negative a

was like all right sam, we need to do a deal. >> yeah, netflix, i think their stock was sinking, andfe boat right as the titanic started going down. i'm in dude, let's do t i'm honored, it's awesome. it's crazy, you put it on youtube. you don't think anyone is going to watch t i remember shopping it for hbo and netflix a couple of years ago and they passed. and i was like, well i'm going to make t i will make my own special, put it out. comics share t comics support comics so i got very lucky in that way. >> trevor: i don't think you got lucky, i think the audience got lucky,i honestly mean that. >> thank, man. >> trevor: because your special, everyone has come ented on if in different ways t is like i think it is part of the reason so many comics have always loved you. you never know what sam is going to say and how he is going to say it. like people are like oh, he does jokes about the transgender community and you don't know country way it is going to go, and you had, i saw your name trending online. i was like oh shit. >> me too i was like uh-oh,. >> trevor: and it was the transc

journal, according to some documents that netflix shared with added buyers.flix is estimating their ad supported tier will reach 40 million viewers by 2023. we know this has been a major concern about whether or not that would be a dealbreaker. it looks like according to preliminary predictions, netflix is telling their at executive to expect you have 4.4 million unique viewers worldwide -- 4.4 billion unique viewers worldwide. 40 million unique viewers at the end of 2023. netflix near session highs. this is bloomberg. ♪ kriti: this is "bloomberg markets." a key government witness in the case against trevor milton told jurors he made a hundred thousand dollars from a 2020 short-sellers report. joining us from the southern district in downtown manhattan, it is eric ludlow who is following the case minute by minute. walk us through the significance of this witness. >> this was the first witness who was a contract engineer who in 2016 worked with trevor milton to build the nichola -- nikola 1. onstage of that year, milton exaggerated the capabilities and progres

netflix is at $30 billion.s to apples because you can monetize these titles. >> right, right. >> am i seeing something that's an opportunity still for the company? >> as you recall, when we first launched disney plus, we way underestimated how much fuel the beast was going to need in order to, you know, be what it can be. you know, we're very thrilled with where we're at less than three years into this. but the learnings are that it's going to take more content the good news is now theatrical business, at least for blockbuster returning, which is where the bulk of our business comes from and linear networks doing fairly well right now, that we've got lots of ways to ammorties that we know some will go to theatrical and live a life there, maybe shorter window than we've had before, and being able to strike while the iron's hot in the streaming business at the same time with the very same content. although some content will go straight to the streaming services some content that was in linear distribution in the

netflix stands at $234 a share.up 45% since hitting a 52 week low on may 12 but still looking at a 60% loss year to date. all right, how long before netflix has a series about an ai truck driver. it's happening in real life. robots on the road. kodiak robotics taking the semi-trucks on a 5600-mile round trip long haul and we'll talk to the ceo about the challenges his drone truckers faced and tie up with warren buffet's pilot convenient stores and truck stops. this man showed up to retail job in new york city in his dad's pickup truck filled with the few possessions he had and about no money to his name. today he leads one of the most lucrative clothing companies in the nation. hear how hands end ceo jerome griffith left farmland in pennsylvania and being the first to go to college and where tech athletics stand today, ceo. his story is my latest everyone talks to liz podcast and it is going to inspire you to reach high as well. available on apple, google, spued fie, wherever you get yout your podcasts. we're checki

mark, you're the guy on netflix, aren't you?lix goes to $300 a share? tell me why. >> yeah, we just upgraded netflix yesterday. we downgraded it at the beginning of the year. we upgraded it because they have a new offering coming up that's ad supported so for the history of netflix its been a subscription-only. there are no ads. it's the premium price offering in the market. it's also the premium product in the market, but that's changed, and the company was probably a year or two too late in rolling this out but they are and we think it can lead them to grow a lot more subscribers and generation more revenue per subscribers, so the stock has been clobbered. it's down at a reasonable 17- times earnings with valuation reasonable and with a catalyst up ahead in terms of a new revenue stream, advertising, we want to be long netflix. stuart: so it seems like it's going to become almost a new company rather a different company. it's a turnaround essentially. you're betting big on the turn around you say it's going to work, right? >>

big techs seeing strong gains and meta up 4% and netflix, microsoft, alphabet gaining 2% and we'll talkut some of those stocks a little bit later and what they're doing to cut costs. shares of roblox rising this afternoon after it announced plans to test an ad format by the end of the year. two hawkish statements this afternoon from a pair of fed officials. governor christopher waller says there's no evidence that inflation is moving meaningfully and persistently toward the fed's 2% target and he sees another significant rate hike in september. in a separate speech, kansas city president esther george says the economic constraints pushing inflation are likely to be with us for some time and that the case for continued balance sheet reduction and rate hikes remains clear, but our next guest says the fed needs to chill, man sooner rather than later in a new cnbc op ed. he makes his case, you know, ron insana, senior analyst for cnbc and senior adviser for schroeder's north america, he has more titles than king charles. ron insana, good to have you with us. >> thank you >> you think inflat

but we see netflix shares are up over 3% on this news >> wow watching netflix julia boorstin, thank you very much big move there >>> let's talk lng, both the gas and the stock. shares of cheniere energy are jumping again today. despite pretty much everything else selling off yesterday, lng is in the green. this week it raised its guidance, increased its dividend, and its share repurchase program here is jack fusco, the president and ceo of cheniere energy amazing, jack. you were probably watching yesterday's market action and thinking, my stock held up you just raised, what, 1 billion in free cash flow estimates? >> we did, brian first, thanks for having me on the show and it's nice to finally get recognized, as being such a critical energy provider to europe, right? as you know, 70% of our cargoes this year alone have went to europe europe each cargo, one cargo is enough heat for a million european people for a month it's all working, production has been really strong we produce two tankers a day right now. >> go back into that you've probably heard me say this, jack i'm not saying thi

betting netflix can charge premium prices for some of its biggest shows.n. >> netflix canning a gate a very large amount of audience over a few-day period when they launch a new show, like a "stranger thing" or "ozark." you get a premium there. we think netflix has the ability to move around the timing of new releases for the biggest advertisers around product launches we think that's not something people are talking about yet, but will be over time. >> mike it's been a delayed reaction from the street on this ad tier. it seems to get more exciting with every little whisper that comes out around it. how does this change the wall street view around netflix and how does it factor into valuation? >> i think you're getting a little bit more clarity, or at least clues about how exactly they're approaching the ad business, the partners they're going to have, and obviously they're talking to the street to some degree on their expectations i don't know that we know yet exactly what the ongoing demand is going to be i don't think anyone has any doubt it's going to

. >> you know, i can tell you i believe that -- well, netflix is going to continue to thrive.uld have some issues now, but -- >> souring, but seems -- >> clearly i'm a big believer in disney they've got the ip, they've already proven they can be successful in that business. >> pretty fascinating. he mentioned netflix, disney, apple and amazon the others, julia, he said some of them have tough hands you need a lot of capital. >> you need a lot of capital and maybe we're going to see more consolidation. we've seen discovery and waern brothers it was interesting hearing him reflect on the fact that for so many years they were selling content tonette flix selling nuclear weapons technology to a country that should not have had it they fueled the rise of this giant and there's a situation where netflix and disney are going head to head you have to think back and wonder what would have happened if they had done a disney plus direct to consumer earlier. >> bigger head start content spend has just ballooned. so enormous. you talk to people in l.a. selling the shows, they're sitting a

oppenheimer saying now is the time to buy netflix.ke-two shares are down this morning. >>> starting wit

some of the ad buyers say they were told by netflix an ad supported version would be ready on november 1st. in july, netflix was targeting an early 2023 launch for the tier. >>> meta platforms is looking to add more paid features to facebook, instagram and what's app. it is looking to further monetize the network it is committed to ad business, but quote opportunities and experiences that people would be willing to pay for >>> crypto.com, the app made famous by matt damon's super bowl ad is looking to return $7 million it accidentally tr transferred to a woman in australia. some of the money has already been spent, including $1 million on a five bedroom home in melbourne. a court ordered the home be sold and proceeds be returned to the company. the woman was innentitled to a$ refund, wilf this error went on more months. >> i love it fair enough. silvana, thank you see you later in the show. >>> let's discuss all of the news joining me is john stomtsz had st stoltzfus. do you think the august decline will material materialize in th next few months? >> there is a good chance you have a t

for snap, restructuring, sweeping lay-offs, scrapping projects and two key executives heading to netflix-founder and ceo evan siegal joins us now thank you for being here today. >> thank you so much for having me. >> so much ground to cover i want to start off asking you about a different app that everyone here at code is talking about and that is tiktok my question is, the restructuring you did, all the changes you're making, how much of that is due to competition? >> it's hard to disentangle it from the platform policy changes, from the challenging macroeconomic environment where the cost of capital has exploded people are focused on earnings digital advertising is easy to turn off quickly while i think it will play a key role in the recovery, i don't know when that will begin. we need to refocus our business and prepare for an uncertain macroeconomic environment. we believe the companies that will be most successful are ones that can demonstrate and grow profitability. >> you're really focused on profitability. i know you're a close watcher of different economic signals as you try to

"end of the road" is on netflix now.alist nina totenberg. (vo) we are cyclists. we come from uganda, rwanda, kenya. we used tech to become team amani. show what we can do. make connections. we've gone far. but someday— when anyone can be in any room and everyone can compete— we'll go much farther. everybody will. find nutrients. find energy. flavors. fruit stuff. veggie stuff. confidence stuff. spikey fruit. smooth fruit. a carrot? beets. i cannot read this fast! helloooo, people?! [can pops open] find it in v8. ooh, that's nice! [soft music] [soft music] [soft music] [soft music] facing expensive vitamin c creams with dull results? olay brightens it up with olay vitamin c. [soft music] gives you two times brighter skin. hydrates better than the $400 cream. got our favorites, chicken mcnuggets. let me guess, a big mac? what's that? where's my mcnugget, dad? what mcnugget? i can literally see it! buy one favorite like 10 piece mcnuggets and get another for just a buck right now at mcdonald's. ♪♪ ♪ what's the move ♪♪ ♪ try

the journal reports that netflix is seeking to charge advertisers roughly $65. for reaching 1000 viewers, buyers said that is substantially higher than most other streaming platforms on governor. newsom's desk could change the fast food industry in california. if signed into law. the controversial bill would create a council to set workplace standards for fast food employees. as ktvu cristina rendon reports. now, people on both sides of the issue have a vested interest. a b 2 57. it would create an independent counsel to set standards across the fast food industry on workplace conditions and wages. it would essentially give over a half million workers in the state of california and the fast food industry of voice and a seat at the table to be able to advocate for their wages to be about advocate for their working conditions. the bill is based on a myth, jot condie with the california restaurant association says the fast food industry is one of the best among all industries in terms of labor compliance. the sponsors of this bill would have you believe that the fa

like netflix on us, paramount+, and other top streaming services.out it, this one's on me. no, no, no, no. i got the next round. oh so you rich now? no, no he's not rich. he's happy hour rich. that uhh, 3-6 p.m. rich. $3-6 bucks rich. you guys got jokes. he's 3-6 ballin. hey mr. 3-6, your driver parked outside? this guy thinks he's funny. we'll split the check right? -no, no, no! if you're washing with the bargain brand, even when your clothes look clean, this guy thinks he's funny. there's extra dirt you can't see. watch this. that was in these clothes... ugh. but the clothes washed in tide- so much cleaner. if it's got to be clean it's got to be tide hygienic clean. ♪ ♪ ♪ ♪ ♪ ♪ flo, you're here. this pipe just burst on me. well, you bundled home and auto with progressive, so you have round-the-clock protection on all your stuff. like that cardboard tv. i told props to switch that out. okay, everyone, that's a wrap. [ bell rings ] wait, you faked this whole thing? i knew it was the quickest way to see you. i'm sorry, jon, but i'm already in love wi

netflix and disney has lead. if you look at the numbers who are subscribers.s have over 220 million who pay. disney's includes hulu and disney plus. i think this is the two i mentioned and i think you have a bunch of other services. showtime and starz those won't be stand alones forever. they are bundles with other services i expect those to be rolled up in other services that companies could compete as a third leg to netflix and disney. >> perhaps it leads to more consolidation over time. interesting to see how disney is down 27% actually out performing netflix down 61% sara, fascinating times. media landscape changing we like to talk about where it goes from here sara fischer >>> let's get a check of the headlines outside of wall street frances rivera is in new york with the latest. >> seema, good morning four people are dead and three injured after a shooting pre in memphis. 19-year-old eziekiel kelly drove around the city for five hours shooting at people and one broadcast on facebook live the video shows the moment he was arrested a shelter in place order

that is _ of netflix. let's check in with the weather. that is beautiful - of netflix.and, north—east england, moving away, then left with light rain across the north and west. for most, a dry day with variable amounts of cloud, bright or sunny spells developing, and breezy conditions across the north west temperatures between 13 and 19 degrees. for the rush hour this evening, still that rain across the north and west. breezy, but move away from the north and west of scotland, drierand away from the north and west of scotland, drier and brighter. away from the north and west of scotland, drierand brighter. for northern ireland, drier and brighter with sunny intervals. sunny intervals across parts of northern england, wales, into the midlands and bicep in england. there will still be areas where it will be quite cloudy so it will be bright rather than sunny in breezes. through the evening and overnight, we continue to see the cloud mounts, and under the clear skies with light winds, some mist and fog patches forming. the rain across the north and west turning heavier but

one thing is clear and that is that netflix wants to charge a very premium price for these ads becausey only want to have four minutes of ad time per hour that's in line with some of the other streaming services and some have five minutes of ad time per hour and if you think about how many minutes of ads are on television which could be 14 minutes of ads per hour, this is a lot fewer ads and they'll only have them in the beginning and the middle and they want to make sure advertisers are reaching the right consumers the key thing to be able to charge premium prices for ads is they need to know they're incredibly, incredibly effective and that's what they want to work with microsoft right now. it will be an evolutionary process. however the ad business starts out they'll get better at delivering the ads and measuring their impact. >> julia, our last topic and this one like the others all about raising revenue. meta looking at possible paid features within facebook, whatsapp and instagram what do you know >> that's right. so i reached out to meta about this they did acknowledge that they

. >> tv's all we have from netflix to parallel plus and eating dinner alone. >> reporter: there wereung-jae won lead actor. and lizzo for "watch out for the big girls." >> when i was a little girl, all i wanted to see was me in the media, someone fat like me, black like me, beautiful like me. >> cheryl lee brown. >> reporter: but perhaps the most moving movement came from cheryl lee. ♪ and i know where my voice belongs ♪ >> reporter: who broke into song and earned a standing ovation after winning her very first emmy, best supporting actress for "abbott elementary." >> i am here to tell you that this is what believing looks like. >> good night for "abbott elementary" last night. jason kennedy reporting there. joining us, the founding partner of pop, matthew bellamy. what jumped out at you last night? what are the headlines? >> good morning. i think the headlines for hbo's dominance. last year we had netflix take the lead over hbo for the first time in wins, but on the show last night, 12 wins for hbo, dominant on the broadcast. netflix only got three on the live broadcast. >> any surp

announcing that season one of "the crown" climbed to netflix's top ten.esumably they're startling at the beginning and these are folks who may be rewatching it or haven't seen it before. what is it about "the crown" that has people wanting to see it at this moment? >> i think people have been reminded just how fascinating the queen's life was, and everything that you and other media organizations have been putting out this week. they want to go back and see the story in the lavish setting that netflix has managed to prodeuce. this is people who have already seen it but people who didn't have it on their priority list are going to turn to it at this point to find out more about this incredible woman. >> i know some watchers say there are liberties taken with it. but the historical events there's a lot of attention taken to it. we have heard about prince william becoming the new prince of wales, he and kate have this independent income for the first time ever. it's valued at over $1 billion u.s. the estate brought in $25 billion over the past year alone whe

como netflix por cuenta nuestra.gares considerados sensibles de sitios turÍsticos como time square y las escuelas karla amezola amplia >>> un niÑo resulta herido cuando paseaba con su familia en time square en 2021 es parte de una violenta realidad que la gobernadora reco do que a partir de maÑana esta Área serÁ considerada sensible donde portar armas es un delito grave. >>> no necesitamos armas en nuestras calles ni gente portando armas en el metro, ni lugares de culto, bares y restaurantes y time square >>> me parece perfecto, tenemos niÑos, necesitamos mÁs seguridad. >>> me parece bien, es mucho riesgo para todos. >>> el estado de new york tuvo que cambiar modificar sus leyes debido a una declaraciÓn de la corte suprema que indica que las personas tienen el derecho constitucional de portar armas en pÚblico. las autoridades colocaran letreros en calles anunciando la medida en 10 diferentes humanos. time square es visitado por 10 millones de personas al aÑo. abarca mÁs de 10 cuadras terminando en la zona de los auto

netflix has lost subscribers.ocusing on how to make money, many are losing billions of dollars. particularly at netflix and warner bros., which just did a merger with discovery, big cutbacks in staffing, the canceling of projects, everyone is dialing back three -- dialing back the budgets for tv series and everything is languishing as everyone watches out this lays out on wall street. emily: on that uplifting note, what are you watching this weekend? [laughter] chris: back to star wars, the fourth one of the tv series is coming out, and so far it looks pretty good. and house of dragons is terrific. emily: chris palmeri, good to have you. happy friday, everyone that does it this edition of ""bloomberg technology," i'm emily chang in san francisco. this is bloomberg. ♪ david: a strike averted. that tide turns on the korean war, possibly. end inflation gets worse. this is bloomberg's "wall street week," i'm david westin. larry summers on how much economic trouble we may be in. >>