Netflix won't remove Lac-Mégantic disaster footage from "Bird Box"

Netflix declines to remove controversial footage from 'Bird Box'

Netflix declines to remove controversial footage from 'Bird Box'

Netflix ($NFLX) reported earnings per share of 30 cents on revenue of $4.19 billion, whereas analysts were expecting earnings of 24 cents per share on $4.21 billion in revenue. The production company's president Carrie Mudd told the Canadian Press it got the imagery from stock footage supplier Pond5, whose spokesperson Tina Witoshkin told BuzzFeed News the footage "was taken out of context and used in entertainment programming".

Better than expected especially in the regions outside of the American home market, where Netflix won 7.3 million additional customers.

It also only managed to add 1.5 million subscribers in the United States, suggesting the pace of growth in its biggest market is slowing.

According to its earnings release, Netflix added 7.3 million worldwide paid subscribers during the quarter, well above the 6.1 million subscribers Wall Street had expected.

Thriller series You and United Kingdom young-adult show Sex Education - both which have generated significant buzz recently - were watched by 40 million member households.

The 8.8 million rise in paid subscribers - a lot of them from overseas - marked 6% growth from the prior quarter. The last time Netflix changed its prices was in late 2017, but this is the first time a price hike has ever hit every subscriber at once. As CNBC points out, that's still cheaper than HBO NOW, which costs $14.99 a month, but upping the price of its most popular plan will certainly have plenty of subscribers up in arms. Sarandos discussed the strategy going forward and where the increased subscriber fees would help with buying original films like "Bird Box".

Coin tossing kid steals the Australian Open limelight with extravagant footwork
But she made amends in the next game and saw off two break points from Zidansek before bringing up two match points on serve. Hsieh Su-wei advanced 6-3, 6-4 over Laura Siegemund, who had beaten two-time champion Victoria Azarenka in the first round.

According to the shareholder letter from the company, Netflix added a total of 8.8 million subscribers during the quarter, taking it to a total of 139 million paying members.

Spending on original content up front sets the stage for Netflix to profit more from shows or films it owns as time goes on, executives reasoned.

It adds that its "focus is not on Disney+, Amazon or others, but on how we can improve our experience for our members". And the company said it had a series with these films gradually similar success as with the TV.

"We believe [Netflix] could, if it chose, ramp margins more quickly by limiting growth in its substantial investment in global marketing and production, but it is (wisely) playing the long game", Morgan Stanley's analyst Ben Swinburne mentioned earlier this week.

Many analysts including Michael Olson at Piper Jaffray have expressed optimism toward the highly anticipated earnings report release of Netflix on Thursday.

The streaming giant posted revenue of US$4.19 billion in the period, compared with a US$4.21 billion projection from analysts.

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