Netflix reduces payments for comic specials in some new offerings

Netflix Inc. NFLX 0.08% has become an important platform for comedians, funding a series of specials and offering them to its audience of over 220 million subscribers. Now, the streaming giant is changing the way it offsets some of the comics it features, a move that could cut costs and pass some financial burden to … Read more

Netflix estimates the ad-supported tier will reach 40 million viewers by the end of 2023

Executives of Netflix and its advertising partner, Microsoft corporate MSFT 0.02% have been meeting with ad buyers over the past few weeks, looking to strike deals ahead of the planned launch later this year. Netflix’s number of subscribers declined for the first time in nearly a decade, posting its worst one-day percentage drop since 2004. … Read more