10/02/2024
When Netflix goes low – we go high!
The CEO’s think OBAMA’S WOKE IS THEIR ANSWER – but – they always go BROKE.
Phew – I smell sewage.
ttps://www.msn.com/en-us/money/other/netflix-cancellations-almost-triple-after-streaming-boss-endorses-kamala-harris/ar-AA1rxlV2?ocid=msedgntp&pc=U531&cvid=2bbd477dbd564ddc9050a29267611ede&ei=92
9/30/2924
People know what is going on and this tells you:
BUYER BEWARE.
ttps://www.msn.com/en-us/news/politics/netflix-saw-highest-day-of-cancellations-this-year-after-co-founder-s-7m-donation-to-harris-campaign-report/ar-AA1rsRek?ocid=msedgdhp&pc=U531&cvid=38a60aae346d4f3ab34fa2cfe12ef37c&ei=14
Netflix made a huge announcement on Monday, May 21, when the streaming service revealed that it had inked a deal with former President Barack Obama and former first lady, Michelle Obama. So, what are the Obamas doing with Netflix? They have a multiyear agreement to produce TV shows and movies for the platform, and I’m stoked.
A little bit of red ink after all the green?
Investors should be ‘modest buyers’ of Netflix, Meta right now: Mark Mahaney
Netflix saw a dramatic spike in cancelations after its co-founder Reed Hastings revealed he donated $7 million to Vice President Kamala Harris’ campaign, according to a report.
Cancelations on the streaming platform almost tripled in the United States after Hastings made the massive donation to a super PAC supporting Harris’ presidential bid, Bloomberg reported, citing the researcher Antenna.
Supporters of former President Trump called on conservatives to cancel their subscriptions after Hastings endorsed Harris on X and revealed the large sum of his donation in July.
NETFLIX CO-FOUNDER REED HASTINGS GIFTS $1.1B IN SHARES TO CHARITY
That same month, Netflix customers reportedly canceled their subscriptions at a higher rate than any month since February 2024, Bloomberg reported.
The outlet attributed the increase in cancelations to the company’s latest announcement that it would phase out its lowest cost option.
“But the five-day period after Hastings’ endorsement was unusual, even for July,” the Bloomberg article states, noting that July 26 marked the single worst day for Netflix cancelations this year. News of Hastings’ hefty donation for Harris was revealed three days prior.
NEW YORK, NEW YORK – NOVEMBER 30: Netflix founder and Co-CEO Reed Hastings speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Getty Images© Michael M. Santiago
The longtime Democratic donor was among the notable figures to call on President Biden to step down this summer after his devastating debate performance.
NETFLIX WANTS YOU TO BINGE GAMES
“Biden needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous,” Hastings wrote in an email obtained by the New York Times.
Hastings, along with his wife Patty Quillin, have been prominent donors to the Democratic Party, particularly in California. In 2021, Hastings donated approximately $3 million to a committee created to stop a recall effort against Gov. Gavin Newsom, D-Calif.
In 2022, Quillin was one of many people who donated to a left-wing group hoping to stop liberal San Francisco District Attorney Chesa Boudin from being recalled himself.
In 2018, Hastings reportedly donated $7 million to a charter school-related political action committee that backed Antonio Villaraigosa, one of Newsom’s primary opponents, before Newsom advanced to the general election, Deadline reported.
Democratic presidential nominee, U.S. Vice President Kamala Harris, speaks during an event at the Cobb Energy Performing Arts Centre on September 20, 2024, in Atlanta, Georgia. Getty Images© Getty Images
It is unclear if the Harris endorsement affected Netflix beyond the five-day spike in cancelations. Their next financial report will be released in October, according to Bloomberg.
Neither Hastings nor Netflix responded to Fox News Digital’s request for comment.
Fox News’ Lindsay Kornick contributed to this report.
Original article source: Netflix saw highest day of cancellations this year after co-founder’s $7M donation to Harris campaign: report
kommonsentsjane
kommonsentsjane 