Key Points Elon Musk called on Netflix subscribers to cancel their service, resulting in a 5% drop in the stock. This is a minor setback that has little impact on the company's long-term prospects. Netflix's exceptional business and strong outlook still make it a buy. 10 stocks we like better than Netflix › Netflix (NASDAQ: NFLX) had a strong year on the stock market, with shares up by 35%. However, the streaming specialist recently encountered a bit of an issue. Elon Musk, the famous CEO of Tesla ...

Netflix (NASDAQ:NFLX) is bringing its video games to television screens for the first time, expanding one of its key growth initiatives beyond mobile devices. Co-Chief Executive Officer Greg Peters announced the move on Wednesday at the Bloomberg Screentime conference in ...

Core Insights - Netflix is introducing video games to television for the first time, marking a significant step in its growth strategy [1] - The games are designed for multiplayer entertainment and include titles like Boggle Party, Pictionary: Game Night, Tetris Time Warp, and Lego Party [1] - Netflix's CEO Greg Peters rated the company's performance in the gaming sector as a "B-" [1] Group 1: Gaming Strategy - Netflix has been offering video game services for four years, expanding its business from film and television content to a broader entertainment scope [1] - The new television games will allow subscribers to use their phones as controllers while the main gaming experience occurs on a large TV screen [1] - Alain Tascan, head of Netflix's gaming division, aims to break the "Hollywood gaming curse" by focusing on long-term strategies rather than short-term gains [2] Group 2: Market Positioning - Netflix initially believed that offering free games on mobile would attract a large user base, but it found that it was not the preferred platform for gamers [2] - The company has identified four priority categories for game development: children's games, party games, popular mainstream games, and games based on Netflix original content [2] - All newly launched games are free, with Lego Party having a regular price of approximately $40 [2] Group 3: Future Outlook - Netflix views gaming as a crucial component of its future and is increasing cloud server capacity to support higher network loads [3] - The company emphasizes the importance of bringing entertainment to the main screen in households, which is primarily the television [3]

You're in an ML Engineer interview at Netflix.The interviewer asks:"You’ve trained a new recommendation model.How do you make sure it’s ready to replace the old one?"You reply: "I’ll compare metrics on validation and test sets."Interview over.Here’s what you missed:The issue is that, despite rigorously testing an ML model locally (on validation and test sets), it could be a terrible idea to instantly replace the previous model with the new model.This is because it is difficult to replicate the exact product ...

RT Bloomberg Live (@BloombergLive)"We are announcing here we are going to have these social party games...you can play on your TV with your phone as the controller. Boggle, Pictionary," @netflix Co-CEO Greg Peters tells @Lucas_Shaw #BloombergScreentime⏯️https://t.co/WcMGVoupEr https://t.co/H6KyEeco2c ...

Core Insights - The competition for dominance in the living room is intensifying, with Netflix making significant moves into the video game industry [1] Group 1: Company Developments - Netflix is taking its most ambitious step into the video game sector, aiming to expand its offerings beyond streaming [1] - The company is leveraging its existing subscriber base to introduce gaming content, which could enhance user engagement and retention [1] Group 2: Industry Trends - The video game market presents a lucrative opportunity for streaming services, as consumer interest in interactive entertainment continues to grow [1] - The shift towards gaming reflects broader trends in the entertainment industry, where companies are diversifying their content to capture a larger share of consumer time and spending [1]

Core Insights - The company is expanding its gaming offerings, moving from mobile to TV-based social gaming experiences, which is seen as a significant development in its gaming strategy [5][6]. Group 1: Gaming Strategy - The company acknowledges the challenges of building brand recognition in new markets, similar to its initial entry into Japan where only 2% of the population had heard of it [2]. - The gaming ecosystem on mobile devices is competitive, but the company is now transitioning to TV gaming, which is expected to enhance user engagement [4][5]. - The introduction of social party games for TV, utilizing mobile phones as controllers, represents a strategic shift aimed at leveraging existing gaming trends [5][6]. Group 2: Game Offerings - The company is launching recognizable games such as Boggle, Pictionary, and Tetris as part of its new social gaming initiative [6]. - The use of mobile phones as intuitive controllers for these games is highlighted as a unique feature that differentiates the gaming experience from traditional consoles [7]. - The company plans to collaborate with creators to explore innovative uses of interactivity in gaming, indicating a focus on community-driven content [8].

[CC may contain inaccuracies] Most of the people who use Netflix know you all for games. I would say I mean, that's part of frankly, what's been hard about this. And I think it's it's hard for any brand that has a deep, you know, consumer sense of what are you doing for me.Right. And then you're like, well, I'm going to do this as well. And you have it takes a while to really build up that sense of what's happening.But it's not it's not that dissimilar to, let's say, when we launched, you know, and in a new ...

Core Viewpoint - Warner Music is close to finalizing a deal with Netflix to produce a range of movies and documentaries centered around the label's artists and songs [1] Group 1 - The collaboration aims to leverage Warner Music's extensive catalog of artists and songs for film and documentary projects [1] - This partnership reflects a growing trend of music labels seeking to expand their influence in the entertainment industry through multimedia content [1]

RT Bloomberg Live (@BloombergLive)TUNE IN: Co-CEO of @netflix Greg Peters joins #BloombergScreentime Host @Lucas_Shaw on stage to discuss how the world's most valuable entertainment company plans to maintain its lead while investing in what’s next.Today at 7:20 PM PT!https://t.co/vfToPmiwqO https://t.co/Saow4h2c00 ...