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Netflix Reportedly Among Companies in Talks to Acquire Letterboxd as Movie Platform Explores Sale
Letterboxd, one of the world’s fastest-growing social platforms for movie fans, could soon have a new owner. According to a report from Puck, the film discovery and review platform has been exploring a potential sale in recent months, with Netflix reportedly among several companies that have held early acquisition discussions. While no transaction has been finalized, the report suggests growing interest in the platform as its user base continues to expand rapidly. Netflix reportedly joins several interested buyers Letterboxd’s owners…
Netflix Revives Free Trial Offers in Select Countries as Part of a New Subscriber Growth Experiment
Netflix is bringing back one of its most requested promotional offers—at least on a limited basis. After discontinuing its popular free trial program in 2019 and 2020, the streaming service has confirmed that it is testing the return of free trials in select international markets. The experiment marks the first time in six years that Netflix has offered prospective subscribers the opportunity to try the service for free. While the company has not announced a broader rollout, the current test…
Netflix’s Enola Holmes 3 Debuts With 20.3 Million Views, Down 32% From Enola Holmes 2’s Release Numbers
Enola Holmes 3 has made a strong debut on Netflix, recording 20.3 million views during its first five days on the streaming platform. Released over the Fourth of July holiday weekend in the United States, the third installment of the popular mystery franchise starring Millie Bobby Brown topped Netflix’s global English Films chart, according to the streamer’s latest weekly viewing data. Enola Holmes 3 opens below its predecessor While the film secured the No. 1 movie spot, its opening fell…
Netflix Eyes FIFA World Cup U.S. Rights in Potential $2 Billion Bidding War With Disney and YouTube
The battle for the U.S. media rights to the 2030 and 2034 FIFA World Cups is shaping up to be one of the biggest sports broadcasting deals in recent history. According to a report from CNBC Sport, Netflix, Disney, and Alphabet-owned YouTube are among the companies interested in acquiring the rights, potentially ending Fox’s long-standing hold on the tournament in the United States. Industry executives are reportedly budgeting between $1.5 billion and $2 billion for each tournament’s U.S. rights, reflecting…
Netflix Seeks Nearly $3 Million in Legal Fees, Alleging Patent Lawsuit Was Filed by Plaintiff Despite Invalid Ownership Claim
Netflix is asking a federal court in California to award nearly $3 million in legal fees, arguing that a patent infringement lawsuit brought against the company should never have been filed because the plaintiff allegedly did not own the patent in question. The latest development stems from a long-running legal dispute involving Finnish businessman Lauri Valjakka and his former attorney, William Ramey, with Netflix accusing both of knowingly pursuing invalid claims. According to publicly available court filings, Netflix made its…
Netflix Partners With Billboard to Bring Music Video Series to Subscribers Starting August 3
Netflix is expanding its library beyond traditional movies and TV shows through a new partnership that will bring Billboard’s popular video content to the streaming platform. Beginning August 3, subscribers in the United States, Canada, the United Kingdom, Ireland, Australia, and New Zealand will be able to watch a selection of Billboard’s music-focused videos directly on Netflix. The announcement, first reported by Billboard, is part of a broader agreement between Netflix and Penske Media’s PMX brands, which also include Rolling…