Netflix to increase how much they spend on content in 2020 by $2 billion
According to a new estimate from BMO Capital Markets, Netflix will be spending $17.3 billion on new content in 2020. This marks a $2 billion increase from their 2019 expenditure and is likely the result of a large increase in competition from other new big-budget streaming sites. Netflix is also planning to attract more subscribers from overseas.
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Netflix apologizes for "inappropriate" photos promoting "Cuties," criticized for sexualizing young girls
Netflix has made changes to the images used to promote a French film called "Cuties" after an online petition urged the streaming service to remove the movie from its platform. The movie, which won a directing award at the Sundance Film Festival, follows an 11-year-old who wants to join a dance crew.
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Cbsnews
Netflix tests a new low-cost subscription plan in India
Netflix tests a new low-cost subscription plan in India
Popular video streaming service Netflix is testing a new low-cost subscription tier in India as the on-demand video streaming service looks to court more subscribers. The American giant has unveiled a “Mobile+” plan for some new and existing subscribers in India that delivers streaming in high-definition (HD) quality and supports viewing across mobile, tablet, and computer screens (but not TV). The monthly tier is priced at 349 Indian rupees ($4.7)
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Techcrunch
HBO Max faces backlash from fans
HBO Max faces backlash from fans
HBO Max is facing more backlash this week, this time from comic book fans who have learned that a large portion of its DC Comic films will be pulled from the platform shortly after its launch. The big draw to sign up for the TimeWarner streaming service, which launched on May 27, was that users can view any show and film from both the HBO and the Warner Brothers
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Foxnews
Cannes Film Festival ruled out
Cannes Film Festival ruled out
The Cannes Film Festival will unveil a selection of movies in early June and collaborate with several festivals, including Venice, to present some films, Variety has confirmed. “As of today, a physical edition seems complicated to organize, so we are going forward with an announcement of films from the (initial Official) Selection at the beginning of June,” said a spokesperson for the festival.
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Variety