Connect with us

Entertainment

Netflix Passes 200M Subscribers as Other Streamers Struggle With Retention

Published

on

  • In a letter to shareholders, Netflix said it has hit over 200 million subscribers following a successful year of growth.
  • The pandemic gave Netflix a significant subscriber boost in March and April. The company continued to perform well even in its final quarter, gaining 8.5 million subscribers when it was only projected to add 6 million.
  • The data also highlights how relatively unaffected Netflix has been by new streaming services entering the market. While companies like Disney+, HBO Max, and Peacock continue to grow, they also struggle to retain the subscribers that sign up.

Netflix Passes 200 Million Subscribers

Netflix has topped 200 million subscribers following a year of strong growth in 2020.

In its Tuesday letter to shareholders, Netflix announced that it added 8.5 million subscribers in its fourth quarter. This exceeds projections, which estimated the streaming giant would only add around 6 million. In total, Netflix gained 37 million new memberships throughout 2020, bringing the company to 203.6 million subscribers.

Pandemic lockdowns gave Netflix a substantial boost in March in April. In the company’s first two quarters, it added a combined 25.7 million subscribers. According to data from the letter, Netflix had added over 10 million more subscribers by May of 2020 than it had by May of 2019.

When it comes to the success of their fourth quarter, Netflix pointed to shows like “Bridgerton” and “The Crown.” The fourth season of “The Crown” hit the platform in November, prompting many to return to older seasons of the show. Netflix claims the series has been viewed by 100 million households since it first aired in 2016.

Success Amid Growth of Competition

The year 2020 could have been a difficult one for Netflix as new streaming services entered the market. Disney+, Apple TV+, HBO Max, Peacock and more have all made waves with their original programming or by taking some of their brand’s content from Netflix to host on their own site. User-based content on YouTube and TikTok also became increasingly popular throughout the pandemic, further posing as a threat to Netflix. 

Still, it reached a massive milestone. 

“Our strategy is simple: if we can continue to improve Netflix every day to better delight our members, we can be their first choice for streaming entertainment,” Netflix said in the letter. “This past year is a testament to this approach.”

Netflix potentially sees Disney+ as the biggest competitor among new platforms. In its letter, the company noted that the streamer added 87 million subscribers in its first year. In a Q&A, Netflix CEO Reed Hastings seemed enthusiastic about this competition.

“It’s super impressive what Disney’s done,” he said. “It’s going to be great for the world that Disney and Netflix are competing show-by-show, movie-by-movie. We’re very fired up about catching them in family animation, maybe eventually passing them, we’ll see. It’s a long way to go just to catch them, and maintaining our lead in general entertainment that’s so stimulating like ‘Bridgerton,’ which I don’t think you’re going to see on Disney anytime soon.”

Streamers Struggle with Retaining Subscribers

Even as new streamers have had impressive years, there is one hurdle that many are still struggling to jump over: retaining the subscribers who sign up. The Los Angeles Times named Disney+, HBO Max, Peacock, and Apple TV+ in particular, writing that people create accounts with these services, watch the TV shows or movies they are interested in, and cancel once they are done.

An October survey from Deloitte said that 46% of respondents canceled at least one streaming service in the last 6 months, which is up 20% from January of last year. Most who had canceled said they did so because they had finished watching whatever programming it was that brought them to that service. 

Places like Disney+ and HBO Max are really vulnerable to this because they have banked on drawing people in with exclusive marquis titles like “Hamilton” or “Wonder Woman 1984.” However, since they are newer, they are still building their original programming catalog, meaning that people can quickly burn through highlight titles. 

See what others are saying: (Los Angeles Times) (Wall Street Journal) (The Hollywood Reporter)

Entertainment

Britney Spears’ Attorney Files Petition To Oust Father as Conservator

Published

on

Spears’ new attorney, Mathew Rosengart, said there are “serious questions” regarding “potential misconduct, including conflicts of interest [and] conservatorship abuse.”


Mathew Rosengart Petitions Court To Remove Jamie Spears

Britney Spears’ attorney, Mathew Rosengart, filed a petition Monday to remove the singer’s father, Jamie Spears, as her financial conservator. 

Jamie Spears has served as his daughter’s financial conservator for 13 years. In the filing, Rosengart said the elder Spears “profited handsomely” from the position. He asked that Jamie be replaced with a Certified Public Accountant named Jason Rubin, who Rosengart described as “objectively intelligent” and “highly qualified” for the job. 

The petition is 120 pages long and contained scathing remarks about Jamie. Britney has made it clear she wants him removed from the conservatorship, which she wants to be terminated entirely. During a statement in June, she called the situation “abusive” and specifically condemned her father. 

“He loved the control to hurt his own daughter 100,000%. He loved it,” she said.

Rosengart has promised to be a stronger advocate for Britney than her previous lawyer, Samuel Ingham, was. He seems to be following through on his word by challenging Jamie’s status as a conservator just weeks after being appointed Britney’s attorney. 

“Serious questions abound concerning Mr. Spears’s potential misconduct, including conflicts of interest, conservatorship abuse and the evident dissipation of Ms. Spears’s fortune,” he wrote. 

The petition claims that Jamie made at least $2.1 million from Britney’s residency in Las Vegas, snagging a 1.5% cut of gross revenues and merchandise. It also claims that he paid himself $16,000 a month from Britney’s estate, which is $2,000 more than he gave Britney. On top of that, Jamie reportedly took another $2,000 for business purposes. 

Rosengart wrote that while it might be common for a manager or agent to make this kind of money, someone in Jamie’s position should not be. 

“He is a conservator, and, as a conservator, his role is to be burdened by, rather than benefit from, the conservatorship.”

Britney’s Mother Speaks Out

Both Britney’s personal conservator, Jodi Montgomery, and her mother, Lynne Spears, gave statements in the filings echoing the need for Jamie to be removed from his role. Montgomery emphasized that his departure was necessary for the singer’s welfare.

“It would be best for Ms. Spears’ well-being and mental health that her father stop acting as her conservator,’ she wrote. 

Lynne did not hold back on criticizing Jamie, saying Britney’s relationship with her father has “dwindled to nothing but fear and hatred” because of the control he exerts over her. She also claimed that he relied on Britney’s house staff, medical aides, and security team to “inform on and report back to him each and every detail of every action” in his daughter’s life.

“Such scrutiny is exhausting and terrifying, like living in custody,” she said. 

This petition does not terminate the conservatorship fully, but Rosengart said that could be something the court has to examine one day further down the line. 

“There might well come a time when the court will be called upon to consider whether the conservatorship should be terminated in its entirety and whether — in addition to stripping his daughter of her dignity, autonomy and certain fundamental liberties — Mr. Spears is also guilty of misfeasance or malfeasance warranting the imposition of surcharges, damages or other legal action against him,” Rosengart wrote.

See what others are saying: (NPR) (NBC News) (New York Times)

Continue Reading

Entertainment

Simone Biles Withdraws, Naomi Osaka Ousted in Rough Day at Olympics. Both Cite Heavy Pressure To Perform

Published

on

Biles pulled out of the women’s gymnastics team final due to a medical issue while Osaka lost in the third round of the women’s singles tennis tournament.


Team USA Takes Silver in Women’s Gymnastics

Olympic gold medalist Simone Biles shocked the world Tuesday after pulling out of the women’s gymnastics team finals at the Tokyo Games due to a medical issue.

She left the competition area with a medical examiner after faltering during her vault performance, which was pretty out of character for Biles, who is the most decorated gymnast of all time. However, she later told NBC’s Today that her withdrawal was not due to a physical injury.

“Physically, I feel good, I’m in shape,” she explained. “Emotionally, that kind of varies on the time and moment. Coming here to the Olympics and being the head star isn’t an easy feat, so we’re just trying to take it one day at a time and we’ll see.”

Biles said she isn’t sure whether she will compete Thursday in the individual all-around competition and is just going to “take it day by day.”

The gymnastics star later talked about not wanting to cost her team a medal or injure herself by performing her dangerous stunts in the wrong headspace.

“It’s just it’s not worth it, especially when you have three amazing athletes that can step up to the plate and do it,” she said, according to The New York Times.


Biles has previously been pretty open about all the pressure she’s been feeling amid the Games, writing in an Instagram post on Sunday, “I truly do feel like I have the weight of the world on my shoulders at times. I know I brush it off and make it seem like pressure doesn’t affect me, but damn sometimes it’s hard hahaha! The Olympics is no joke.”


Russia went on to take gold at the competition while the U.S. took silver, ending more than a decade of American domination in the event. Still, it’s worth noting that Russia’s margin of victory proved no single mistake by the U.S. was to blame for their second-place finish.

According to The Times, it wasn’t just Jordan Chiles’ fall on floor or Biles’ weak vault. “It was a combination of those two mistakes plus Biles’s absence on the other apparatuses plus truly standout performances from Russia on three out of four events.”

Holding that same sentiment, many fans are defending Biles against anyone suggesting she was solely responsible for the team’s missed shot at first place, noting that the country’s strategy to win can’t just be based on expecting her to generate huge margins for them.

Tennis Star Speaks Out After Olympic Loss

Day four of the Games proved to be similarly rough on tennis star Naomi Osaka, who will leave Tokyo without a medal after losing to Marketa Vondrousova of the Czech Republic in the third round of the women’s singles tennis tournament.

Osaka, who represented Japan at the Games, faced high expectations to do well as she is the highest-paid female athlete in the world and the host country’s face of the Games.

“I’m disappointed in every loss, but I feel like this one sucks more than the others,” she said.

“I definitely feel like there was a lot of pressure for this. I think it’s maybe because I haven’t played in the Olympics before and for the first year [it] was a bit much.”

She later added, “I feel like my attitude wasn’t that great because I don’t really know how to cope with that pressure, so that’s the best that I could have done in this situation.”

Osaka has been open about her mental health struggles before, with her citing, among other things, the way speaking with reporters after matches create self-doubt, so one can only imagine what she was feeling with all of the eyes on her at such a huge international event. 

Despite the surprising performances from Biles and Osaka, people all over the world are continuing to praise them for being trailblazers in their sports and for being so candid when it comes to topics like mental health. 

See what others are saying: (ESPN)(Axios)(CNN)

Continue Reading

Entertainment

Lil Nas X Starts Bail Project Fund After Releasing Prison-Set Video for “Industry Baby”

Published

on

The singer said he is working to address “the disproportionate impact that cash bail has on the black community.


Lil Nas X Starts Bail X Fund

Following the release of his latest single “Industry Baby,” Lil Nas X launched a partnership with The Bail Project that aims to cover bail funds for people across the country. 

The music video for the song took place in the fictional “Montero State Prison,” a reference to the title of his upcoming album and the singer’s real name. While Lil Nas X spent much of his time online promoting the video with memes, he put a pause on the jokes Saturday to announce the Bail X Fund and bring attention to issues regarding incarceration in the United States. 

“On a serious note, I know the pain that incarceration brings to a family,” Lil Nas X tweeted. “And the disproportionate impact that cash bail has on the black community. That’s why I teamed up with @bailproject to create the Bail X Fund.”

The Bail Project aims to eliminate cash bail in the U.S.  It has posted over $47 million in free bail for over 17,000 low-income people across the country. It also provides post-release support and services to those who need them.

“Music is the way I fight for liberation. It’s my act of resistance,” Lil Nas X wrote in a statement on the fund’s website. “But I also know that true freedom requires real change in how the criminal justice system works. Starting with cash bail.”

The Fight to End Cash Bail

According to the Prison Policy Initiative, like many issues within the criminal justice system, cash bail disproportionately harms Black Americans. The group claims that Black and brown defendants are somewhere between 10% to 25% “more likely than white defendants to be detained pretrial or to have to pay money bail.” It also argues that Black men are 50% more likely to be detained pretrial than white defendants, and says Black and brown defendants generally “receive bail amounts that are twice as high as bail set for white defendants – and they are less likely to be able to afford it.”

Lil Nas X said he is “doing something” to address these issues and invited his fans to join him. He hopes that his efforts will encourage other artists to use their platforms to likewise speak about these injustices.

“Ending cash bail is one of the most important civil rights issues of our time,” he wrote. “Donate what you can to the Bail X Fund. Let’s bring people home & let’s fight for freedom and equality.”

A donation tab was attached to the song’s music video, where it says nearly $44,000 has been raised for the Bail X Fund. The video has blown up on YouTube, racking up over 31 million views. It remains the number one trending video in music as of Monday morning. 

The song has likewise found success on Spotify, where it debuted at number two and eventually reached the number one spot.

See what others are saying: (Billboard) (NBC News) (A.V. Club)

Continue Reading