Business
Netflix to charge an additional $8 month for viewers living outside US subscribers’ households
Published
1 year agoon
By
FNN NEWSNetflix on Tuesday outlined how it intends to crack down on the rampant sharing of account passwords in the U.S., its latest bid to reel in more subscribers to its video streaming service as its growth slows.
To combat password sharing, Netflix said it will limit U.S. viewership of its programming to people living in the same household. Those who subscribe to Netflix’s standard or premium plans — which cost $15.50 to $20 per month — will be able to allow another person living outside their household to use their password for an additional $8 per month, a $2 discount from the company’s basic plan.
Without providing details how it authenticates subscriber identities or accounts, Netflix assured that everyone living in the same household of a U.S. customer will still be able to stream TV series and movies “wherever they are — at home, on the go, on holiday.” The company based in Los Gatos, California has roughly 70 million U.S. accountholders.
The long-anticipated move, telegraphed by Netflix a year ago, seeks to end a practice that the company allowed to go unchecked for years while its streaming service was attracting subscribers in droves. At that time, management had little incentive to risk riling customers by reining in password sharing.
While Netflix looked the other away, an estimated 100 million people worldwide were getting passwords from family and friends to freeload on Netflix TV series such as “The Crown” and films such as “All Quiet On The Western Front.” Those passwords were funneled through Netflix’s 232.5 million worldwide paying subscribers, who generated the bulk of the company’s $32 billion in revenue last year.
But after a year of lackluster subscriber growth that included its largest customer losses in more than a decade, Netflix is putting its foot down.
Before the crackdown on password sharing, Netflix began introducing features, such as the ability to transfer the profiles set up on subscriber accounts to make it easier for people to retain their viewing histories after they are no longer able to watch shows for free.
Netflix’s effort to force more of its viewers to pay for access to its programming follows the launch of a $7 monthly plan that inserted commercials into its service for the first time. Netflix has picked up an additional 9 million worldwide subscribers since the ad-supported option debuted, although not all of those signed up for the low-priced plan.
Although the new U.S. surcharge for viewers living outside subscribers’ households is less than Netflix’s basic streaming plan, it comes at a time that Americans have been paring their discretionary spending because of high inflation. That inflationary squeeze, combined with more competition from other streaming services, is one of the main reasons Netflix has suffered a slowdown in growth.
Netflix co-CEO Greg Peters acknowledged last month that the crackdown on password sharing is likely to trigger an uptick subscriber cancellations, but expressed confidence the company will be better off in the long run after people adjust to the clampdown.
“We see an initial cancel reaction, and then we build out of that both in terms of membership and revenue as borrowers sign-up for their own Netflix accounts,” Peters assured analysts, citing how the crackdown has unfolded in Canada since February.
Netflix’s shares fell 2% Tuesday to close at $355.99. The stock remain up by about 20% so far this year.
Business
U-Haul Adds Orlando Dealer to Its Network of 21,000 Small Business Partners Across the U.S.
Published
1 week agoon
October 5, 2024By
FNN NEWSORLANDO, Fla. (FNN) – U-Haul Co. of Florida proudly welcomes Don Gabo Petroleum as its newest U-Haul® neighborhood dealer in Orlando. Located at 1905 E. Michigan St., Don Gabo Petroleum will provide essential moving services including U-Haul trucks, trailers, towing equipment, moving supplies, and will offer the convenience of Spanish-speaking associates to better serve the local community.
“We’re excited to partner with Don Gabo Petroleum to expand our services in Orlando, providing more access to do-it-yourself moving solutions while supporting a local business,” said a U-Haul spokesperson.
U-Haul has a long history of partnering with independent dealers to help customers with moving needs since 1945. With over 21,000 neighborhood dealers across the U.S. and Canada, U-Haul is helping small businesses generate supplemental income through these partnerships, which is especially beneficial during challenging economic times.
“When customers rent from a U-Haul dealer, they’re not just renting a truck; they’re supporting an independent small business in their community,” the spokesperson added.
Location:
Don Gabo Petroleum
1905 E. Michigan St., Orlando, FL
Business
Puerto Rican Chamber of Commerce of Central Florida Announces 2024 El Josco Award Finalists for Annual Gala
Published
3 weeks agoon
September 19, 2024By
FNN NEWSORLANDO, Fla. (FNN) – The Puerto Rican Chamber of Commerce of Central Florida has officially announced the highly anticipated finalists for the 2024 El Josco Awards, according to a press release. The prestigious annual awards gala will take place on Saturday, September 21, 2024, at the Caribe Royale Resort, celebrating outstanding achievements within the Puerto Rican and Hispanic communities. The evening will begin with a reception at 6:00 p.m., featuring live music, entertainment, and special surprises.
The finalists have been named in the following categories:
Communications
- Jennifer Marcial – Orlando Economic Partnership
- Luis R. Hernández – El Show de Luis Hernández
- Neisha Molina – Anchor & Producer, News Televisa Univision
Education
- Martin Levert – Executive Director, Florida Technical College (Kissimmee Campus)
- Omar Villafañe – Campus Director, Ana G. Mendez University
- Susanne Peña – Professor, Florida International University
Health
- Dr. Arnaldo E. Vélez, MD – Vascular Neurology, Orlando Health
- Dr. Ivan A. Rivera – Poinciana Medical Clinic
- Dr. Wilmer Alvarez, PhD, MBA – Vice President, Grants Administration, Orlando Health
Community Service
- Elizabeth Vazquez – Comparte Tu Pan
- Marcos Vilar – President & Executive Director, Alianza Center
- Norberto Fonseca – Advance Community Outreach Center
Entrepreneurship
- Florencio Rodriguez – Founder, Don Julio Restaurant Group
- Ivelissa Ríos – Ivelissa Riendo y Comiendo
- Luis Acosta – Owner, Next Level Creative
Professional of the Year
- Denisse Centeno Lamas – Hispanic Family Counseling Inc.
- Janice Lopez – Vice President, Sr. Business Consultant, JP Morgan Chase
- Rommel Ariza – Valens General Services & Contracting
Woman-Owned Business of the Year
- The License Pro – Maelyn Arroyo
- Green Squad Solar – Midyivia Torres Vega
- Urbander – Sami Haiman-Marrero, CEO
Small Business of the Year
- El Kiosko 38 – Guillermo & Martha Tejada
- Ladder & Heels Adjusting – Mari Ivelisse Rivera
- Learning Tree PPEC – Veronica Luna & Raul Ramirez
Lifetime Achievement Award
The Lifetime Achievement Josco Award 2024 will be presented to Dr. Antonia Coello Novello, the first woman and first Hispanic to serve as Surgeon General of the United States, for her groundbreaking contributions to public health and her lifelong dedication to underserved communities.
Additionally, the Chamber will recognize the recipients of the “Future Leaders Scholarships”, awarded to promising young Puerto Rican and Hispanic leaders. These scholarships are made possible by the Chamber and its sponsors, underscoring the Chamber’s commitment to empowering youth through education and leadership opportunities.
Business
CFHLA Hires Veteran Journalist Keith Landry as New Director of Communications and Marketing
Published
4 weeks agoon
September 18, 2024By
FNN NEWSORLANDO, Fla. (FNN) – The Central Florida Hotel and Lodging Association (CFHLA) announced today the appointment of Keith Landry as its new Director of Communications and Marketing, effective September 18, 2024. With a 26-year career as a TV news anchor and reporter, including nearly 14 years at Fox 35 News Orlando, Landry brings a wealth of media experience to the role.
CFHLA President and CEO Robert Agrusa expressed enthusiasm for Landry’s appointment, highlighting his dedication to telling the stories of the hardworking individuals in Central Florida’s hospitality industry. Agrusa noted that Landry’s experience will help promote the industry’s significant impact, including creating jobs, generating tax revenue, and enhancing the quality of life for residents and visitors.
Landry, the founder of Keith Landry Media, shared his excitement for the new role, stating, “Tourism dollars significantly support our local families, saving them an average of $7,400 per year on taxes. I look forward to sharing these vital stories with our community.”
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