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Netflix aims to curtail password sharing – and bring in ads

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SAN FRANCISCO (AP) — An unexpectedly sharp drop in subscribers has Netflix considering changes to its service that it has long resisted: Minimizing password sharing and creating a low-cost subscription supported by advertising.

The looming changes announced late Tuesday are designed to help Netflix regain momentum it’s lost over the past year. Pandemic-driven lockdowns that drove binge-watching have lifted while deep-pocketed rivals such as Apple and Walt Disney began to chip away at its vast audience with their own streaming services.

Netflix’s customer base fell by 200,000 subscribers during the January-March quarter, the first contraction it’s seen since the streaming service became available throughout most of the world outside of China six years ago. The drop stemmed in part from Netflix’s decision to withdraw from Russia to protest the war against Ukraine, resulting in a loss of 700,000 subscribers. Netflix projected a loss of another 2 million subscribers in the current April-June quarter.

The erosion, coming off a year of progressively slower growth, has rattled another key constituency for Netflix — its shareholders. After revealing its disappointing performance, Netflix shares plunged by more than 25% in extended trading. If the stock drop extends into Wednesday’s regular trading session, Netflix shares will have lost more than half of their value so far this year — wiping out about $150 billion in shareholder wealth in less than four months.

Aptus Capital Advisors analyst David Wagner said it’s now clear that Netflix is grappling with an imposing challenge. “They are in no-(wo) man’s land,” Wagner wrote in a research note Tuesday.

The Los Gatos, California, company estimated that about 100 million households worldwide are watching its service for free by using the account of a friend or another family member, including 30 million in the U.S. and Canada. “”Those are over 100 million households already are choosing to view Netflix,” Hastings said. “We’ve just got to get paid at some degree for them.”

To prod more people to pay for their own accounts, Netflix indicated it will expand a trial program it has been running in three Latin American countries — Chile, Costa Rica and Peru. In this locations, subscribers can extend service to another household for a discounted price. In Costa Rica, for instance, Netflix plan prices range from $9 to $15 a month, but subscribers can openly share their service with another household for $3.

Netflix offered no additional information about how a cheaper ad-supported service tier would work or how much it would cost. Another rival, Hulu, has long offered an ad-supported tier.

While Netflix clearly believes these changes will help it build upon its current 221.6 million worldwide subscribers, the moves also risk alienating customers to the point they cancel the service.

Netflix was previously stung by a customer backlash in 2011 when it unveiled plans to begin charging for its then-nascent streaming service, which has previously been bundled for free with its traditional DVD-by-mail service before its international expansion. In the months after that change, Netflix lost 800,000 subscribers, prompting a apology from Hastings for botching the execution of the spin-off.

Tuesday’s announcement was a sobering comedown for a company that was buoyed two years ago when millions of consumers corralled at home were desperately seeking diversions — a void Netflix was happy to fill. Netflix added 36 million subscribers during 2020, by far the largest annual growth since its video streaming service’s debut in 2007.

But Netflix CEO Reed Hastings now believes those outsized gains may have blinded management. “COVID created a lot of noise on how to read the situation,” he said in a video conference Tuesday.

Netflix began heading in a new direction last year when its service added video games at no additional charge in an attempt to give people another reason to subscribe.

Escalating inflation over the past year has also squeezed household budgets, leading more consumers to rein in their spending on discretionary items. Despite that pressure, Netflix recently raised its prices in the U.S., where it has its greatest household penetration — and where it’s had the most trouble finding more subscribers.

In the most recent quarter, Netflix lost 640,000 subscribers in the U.S. and Canada, prompting management to point out that most of its future growth will come in international markets. Netflix ended March with 74.6 million subscribers in the U.S. and Canada.

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‘Black Panther: Wakanda Forever’ Star Angela Bassett Makes Oscar History

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Black Panther: Wakanda Forever” star Angela Bassett made superhero cinema history on Tuesday as the first woman, the first person of color and the first Marvel Studios actor to be nominated for an Academy Award for their performance in a comic book adaptation.

It’s Bassett’s second Oscar nomination; her first came 29 years ago for best actress for 1993’s Tina Turner biopic “What’s Love Got to Do With It?”

But while Bassett’s nomination breaks several Oscar barriers, “Wakanda Forever” failed to equal the best picture nod earned by 2018’s “Black Panther” — the first superhero movie ever nominated for Oscar’s top prize.

The film was also nominated for Ruth E. Carter for costume design; “Lift Me Up” for original song (by Tems, Ludwig Göransson, Rihanna and Ryan Coogler); Camille Friend and Joel Harlow for makeup and hairstyling; and Geoffrey Baumann, Craig Hammack, Hanzhi Tang and Dan Sudick for visual effects.

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Chris Stapleton, Babyface, Sheryl Lee Ralph Among Stars in Super Bowl LVII Entertainment Lineup

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BRETT CARLSEN/GETTY IMAGES FOR CMT, AMY SUSSMAN/GETTY IMAGES, KEVIN WINTER/GETTY IMAGES FOR CRITICS CHOICE ASSOCIATION

NEW YORK, NY (FNN SPORTS) – Source: NFL // The NFL today announced the pregame entertainment lineup for the Super Bowl LVII in Arizona, which will be played at State Farm Stadium on Sunday, February 12, 2023, and will be broadcast on FOX.

Acclaimed musician and songwriter CHRIS STAPLETON will sing the national anthem. An 8x Grammy, 15x CMA and 10x ACM Award-winner, Stapleton is one of the country’s most respected and beloved musicians.

Twelve-time Grammy Award-winning recording artist, songwriter, and producer, BABYFACE will sing “America the Beautiful.” Babyface has produced and written 125 Top 10 hits, 44 No. 1 R&B hits and 16 No. 1 pop hits.

Emmy-award winning actress, SHERYL LEE RALPH, will sing “Lift Every Voice and Sing.” Ralph is also a Golden Globe nominee, Critics Choice Winner, Tony Award nominee, NAACP Image Award nominee and Independent Spirit Award winner. Sheryl can currently be seen starring in smash hit, comedy series “Abbott Elementary.” Sheryl Lee Ralph has become a staple in the entertainment industry, with an acclaimed career spanning over three decades.

On behalf of the National Association of the Deaf (NAD), renowned actor and Arizona native TROY KOTSUR will perform the national anthem in American Sign Language (ASL). For his acclaimed work in the movie CODA, Kotsur became only the second Deaf person ever to win an Oscar, in the category of Best Supporting Actor. COLIN DENNY, a Deaf Native American, will sign “America the Beautiful,” and is a proud member of the Navajo Nation in Arizona. Deaf performer JUSTINA MILES will sign “Lift Every Voice and Sing” and also provide the ASL rendition of the Apple Music Super Bowl Halftime Show.

To commemorate 50 years of women flying in the U.S. Navy, the service will conduct a flyover of State Farm Stadium during the national anthem with women aviators as part of the formation. The formation will be composed of an F-35C Lightning II from the “Argonauts” of Strike Fighter Squadron (VFA) 147, two F/A-18F Super Hornets from the “Flying Eagles” of VFA-122, and an EA-18G Growler from the “Vikings” of Electronic Attack Squadron (VAQ) 129.

The NFL previously announced that international icon RIHANNA will headline the Apple Music Super Bowl Halftime Show which will be produced by DPS with Roc Nation and Jesse Collins serving as executive producers, and Hamish Hamilton serving as director.

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Michelle Yeoh, Angela Bassett, Jamie Lee Curtis, Lady Gaga, Rihanna Among 2023 Oscar® Nominees

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Jamie Lee Curtis and Michelle Yeoh in Everything Everywhere All at Once (2022). ALLYSON RIGGS
Jamie Lee Curtis and Michelle Yeoh in Everything Everywhere All at Once (2022). ALLYSON RIGGS

LOS ANGELES — Tuesday morning, Riz Ahmed and Allison Williams announced the nominations for the 95th Academy Awards. This year’s ceremony — emceed by late-night host Jimmy Kimmel (who also hosted in 2017 and 2018) — will be held on Sunday, March 12, at the Dolby Theatre in Hollywood and will be televised live on ABC.

This year’s winners in all 23 categories will be revealed live during the main show, according to Bill Kramer, CEO of the Academy of Motion Picture Arts and Sciences, who made that announcement back in November. Last year, eight categories were cut for time and given out prior to the ceremony, with pre-recorded moments from the acceptance speeches included in the broadcast.

Here’s the complete list of this year’s nominees.

Michelle Yeoh Rollout
Jamie Lee Curtis and Michelle Yeoh in Everything Everywhere All at Once (2022). ALLYSON RIGGS

Best Picture

All Quiet on the Western Front
Avatar: The Way of Water
The Banshees of Inisherin
Elvis
Everything Everywhere All at Once
The Fabelmans
Tár
Top Gun: Maverick
Triangle of Sadness
Women Talking

Best Actor

Austin Butler (Elvis)
Colin Farrell (The Banshees of Inisherin)
Brendan Fraser (The Whale)
Paul Mescal (Aftersun)
Bill Nighy (Living)

Best Actress

Cate Blanchett (Tár)
Ana de Armas (Blonde)
Andrea Riseborough (To Leslie)
Michelle Williams (The Fabelmans)
Michelle Yeoh (Everything Everywhere All at Once)

Best Supporting Actor

Brendan Gleeson (The Banshees of Inisherin)
Brian Tyree Henry (Causeway)
Judd Hirsch (The Fabelmans)
Barry Keoghan (The Banshees of Inisherin)
Ke Huy Quan (Everything Everywhere All at Once)

Best Supporting Actress

Angela Bassett (Black Panther: Wakanda Forever)
Hong Chau (The Whale)
Kerry Condon (The Banshees of Inisherin)
Jamie Lee Curtis (Everything Everywhere All at Once)
Stephanie Hsu (Everything Everywhere All at Once)

Angela Bassett as Ramonda in Marvel Studios' BLACK PANTHER: WAKANDA FOREVER.
Angela Bassett in Black Panther: Wakanda Forever. ANNETTE BROWN

Best Animated Film

Guillermo del Toro’s Pinocchio
Marcel the Shell with Shoes On
Puss in Boots: The Last Wish
The Sea Beast
Turning Red

Best Director

Martin McDonagh (The Banshees of Inisherin)
Daniel Kwan and Daniel Scheinert (Everything Everywhere All at Once)
Steven Spielberg (The Fabelmans)
Todd Field (Tár)
Ruben Östlund (Triangle of Sadness)

Best Adapted Screenplay

All Quiet on the Western Front – Edward Berger, Lesley Paterson, Ian Stokell
Glass Onion: A Knives Out Mystery – Rian Johnson
Living – Kazuo Ishiguro
Top Gun: Maverick – Screenplay by Ehren Kruger and Eric Warren Singer and Christopher McQuarrie; Story by Peter Craig and Justin Marks
Women Talking – Sarah Polley (based on the book by Miriam Toews)

Best Original Screenplay

The Banshees of Inisherin – Martin McDonagh
Everything Everywhere All at Once – Daniel Kwan, Daniel Scheinert
The Fabelmans – Steven Spielberg, Tony Kushner
Tár – Todd Field
Triangle of Sadness – Ruben Östlund

All Quiet on the Western Front
All Quiet on the Western Front. NETFLIX

Best Cinematography

All Quiet on the Western Front
Bardo, False Chronicle of a Handful of Truths
Elvis
Empire of Light
Tár

Best Film Editing

The Banshees of Inisherin
Elvis
Everything Everywhere All at Once
Tár
Top Gun: Maverick

Best Original Score

All Quiet on the Western Front
Babylon

The Banshees of Inisherin
Everything Everywhere All at Once
The Fabelmans

Best Original Song

Applause” from Tell It Like a Woman (Music and Lyric by Diane Warren)
Hold My Hand from Top Gun: Maverick (Music and Lyric by Lady Gaga and BloodPop)
Lift Me Up from Black Panther: Wakanda Forever (Music by Tems, Rihanna, Ryan Coogler and Ludwig Goransson; Lyric by Tems and Ryan Coogler)
Naatu Naatu” from RRR (Music by M.M. Keeravaani; Lyric by Chandrabose)
This Is a Life” from Everything Everywhere All at Once (Music by Ryan Lott, David Byrne and Mitski; Lyric by Ryan Lott and David Byrne)

Best Visual Effects

All Quiet on the Western Front
Avatar: The Way of Water
The Batman
Black Panther: Wakanda Forever
Top Gun: Maverick

Zoe Saldana and Sam Worthington Double Talk
Avatar: The Way of Water (2022). 20TH CENTURY STUDIOS

Best Sound

All Quiet on the Western Front
Avatar: The Way of Water
The Batman
Elvis
Top Gun: Maverick

Best Costume Design

Babylon
Black Panther: Wakanda Forever
Elvis
Everything Everywhere All at Once
Mrs. Harris Goes to Paris

Best Makeup & Hairstyling

All Quiet on the Western Front
The Batman
Black Panther: Wakanda Forever
Elvis
The Whale

Best Production Design

All Quiet on the Western Front
Avatar: The Way of Water
Babylon
Elvis
The Fabelmans

Margot Robbie plays Nellie LaRoy in Babylon
Babylon (2022). SCOTT GARFIELD/PARAMOUNT PICTURES

Best Documentary Feature

All That Breathes
All the Beauty and the Bloodshed
Fire of Love
A House Made of Splinters
Navalny

Best Documentary Short Subject

The Elephant Whisperers
Haulout
How Do You Measure a Year?
The Martha Mitchell Effect
Stranger at the Gate

Best Animated Short

The Boy, the Mole, the Fox, and the Horse
The Flying Sailor
Ice Merchants
My Year of Dicks
An Ostrich Told Me the World Is Fake and I Think I Believe It

Best Live-Action Short

An Irish Goodbye
Ivalu
Le Pupille
Night Ride
The Red Suitcase

Best International Film

All Quiet on the Western Front (Germany)
Argentina, 1985 (Argentina)
Close (Belgium)
EO (Poland)
The Quiet Girl (Ireland)

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