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Netflix password crackdown fuels sign-up surge

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Netflix sign-ups boomed at the end of last year as customers prodded by the firm’s crackdown on password-sharing created their own accounts.

The streaming giant added more than 13.1 million subscriptions in the three months ended in December. That was the most for any quarter since 2020, extending a streak of growth that started last year.

Netflix said it was confident in its growth path and was planning to raise prices.

“We largely put price increases on hold as we rolled out paid sharing. Now that we’re through that, we’re able to resume our standard approach,” co-chief executive Greg Peters said on a call with analysts to discuss its latest quarterly update. “The summary statement might be, ‘back to business as usual’.”

Many of its new members opted for the company’s cheapest plan, undeterred by the prospect of seeing advertisements. Netflix said in the 12 countries where it offers adverts – which include some of its biggest markets such as the UK and US – the plan accounted for 40% of the new sign-ups.

The gains are an ironic twist for a firm that resisted calls to sell ads for years, saying such a move would hurt the viewer experience and complicate its business with privacy risks and other issues.

But the company was jolted by an unexpected subscriber decline in the first half of 2022, followed by a fall in profits, which prompted it to seek out new ways to bring in new viewers – and more money. As well as adverts and the password crackdown, it is experimenting with more live events to bring in new audiences.

On Tuesday, it announced a 10-year, $5bn (£3.9bn) deal to bring WWE Raw – pro-wrestling’s most popular weekly show – to the platform.

Many of its rivals are making similar moves.

Amazon, for example, is trying to boost its slate of live sports events. It is also due to start showing adverts to Prime members when they watch starting this month, unless they pay $2.99 extra per month.

Paolo Pescatore, an analyst at PP Foresight, said the numbers validated Netflix’s strategy. “Another cracking quarter to finish the year,” he said. “These latest results reaffirm that Netflix is firmly the king among all streamers.”

Netflix charges £4.99 in the UK and $6.99 per month in the US for the standard plan with adverts, compared with £10.99 and $15.49 without.

It said it did not expect advertising to contribute meaningfully to growth this year.

But the programme has sparked excitement on Wall Street since selling ads, on top of subscriptions, has the potential to bolster the money a company can earn per account.

Netflix had already hinted that the plan was gaining traction, claiming earlier this month that it had more than 23 million accounts, compared with 15 million in November.

Still, the number of new subscribers it added in the quarter also surprised analysts, who had worried that sign-ups would suffer without the release of a stand-out hit.

Netflix said it had offered a strong slate of programmes, including hits like the Beckham documentary series and Adam Sandler’s Leo.

The platform received 18 Oscar nominations on Tuesday, including “Best Picture” for Maestro starring Bradley Cooper and Carey Mulligan.

Shares jumped more than 6% in after-hours trade.

For the year, Netflix reported more than $33.7bn in revenue in 2023, up more than 6% over 2022. Profits were $5.4bn for the year, compared with $4.49bn the year before.

(BBC)



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Foreign News

Political turmoil in Kuwait as emir dissolves parliament

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[File pic] Kuwait's ruler has dissolved the parliament following elections in April (Aljazeera)

Kuwait’s emir has dissolved the parliament and taken over some of its duties, state media reported, weeks after the Gulf country held elections.

Emir Sheikh Mishal al-Ahmad al-Sabah and the royal-appointed cabinet will assume some powers of the 50-member National Assembly, he said on Friday, in an address broadcast on state television.

He also suspended some unspecified articles of the constitution for “a period of no more than four years”, without elaborating.

“The unhealthy atmosphere experienced by Kuwait in previous years has encouraged the spread of corruption to reach most state facilities, and unfortunately it reached the security and economic institutions,” the 83-year-old ruler said, adding that “it has even affected the justice system”.

“We have faced difficulties and obstacles that cannot be tolerated,” he said.

The elections in April were the first to be held under Sheikh Mishal,  who came to power last December after the death of his half-brother and predecessor, Sheikh Nawaf al-Ahmad al-Jaber al-Sabah.

Repeated disputes between the National Assembly and the cabinet have triggered dissolutions of parliament, curtailing investment and reforms aimed at reducing the country’s reliance on oil revenue.

Parliament was to meet for the first time on Monday, but several politicians had refused to participate in the government.

The emir said that the failure to form a government was the result of “the dictates and conditions of some” legislators.  “Kuwait has been through some hard times lately … which leaves no room for hesitation or delay in making the difficult decision to save the country and secure its highest interests,” Sheikh Mishal said.

(Aljazeera)

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Floods kill 50 people in northern Afghanistan’s Baghlan province

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At least 50 people have died in Afghanistan in flooding following heavy rain in the northern province of Baghlan, a spokesman for the Ministry of the Interior said, adding that the death toll may rise.

Ministry spokesman Abdul Mateen Qaniee told the Reuters news agency that there had been flooding in more than five districts in Baghlan after heavy rains, and that some families were stuck and in need of urgent help.

He added that two heavy storms had been predicted for Friday night.  “The Ministry of Interior has sent teams and helicopters to the area, but due to a shortage of night vision lights in helicopters, the operation may not be successful,” he said.

The toll was confirmed by local official Hedayatullah Hamdard, the head of the provincial natural disaster management department, who also told AFP that the death toll could rise.  Hamdard explained that heavy seasonal rains caused the flooding, and residents were unprepared for the sudden rush of water.

Since mid-April, flash flooding and other floods have left about 100 people dead in 10 of Afghanistan’s provinces, with no region entirely spared, according to authorities.

Farmland has been swamped in a country where 80 percent of the more than 40 million people depend on agriculture to survive.

Afghanistan – which had a relatively dry winter, making it more difficult for the soil to absorb rainfall – is particularly vulnerable to climate change.

The nation, ravaged by four decades of war, is one of the poorest in the world and, according to scientists, one of the worst prepared to face the consequences of global warming.

Afghanistan, which is responsible for only 0.06 percent of the world’s greenhouse gas emissions, ranks sixth on the list of countries most at risk from climate change, experts have said.

(Aljazeera)

 

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Ukraine parliament passes bill for prisoners to join army

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A Russian guided bomb damaged apartment buildings in the centre of Kharkiv, Ukraine, on May 5, 2024 (Aljazeera)

Ukraine’s parliament has passed a bill that would enable some prisoners to fight in the armed forces as the military faces a critical personnel shortage and Russian forces continue to advance on the battlefield.

The move on Wednesday marks a U-turn in Ukraine’s approach on the matter. Kyiv had long opposed the measure and had repeatedly criticised Moscow for mobilising prisoners to fill its ranks.

“The parliament has voted yes,” MP Olena Shuliak, head of Zelenskyy’s party, said in a Facebook post.  “The draft law opens the possibility for certain categories of prisoners who expressed a desire to defend their country to join the Defence Forces,” she said.

Mobilisation would be voluntary and open only to certain categories of prisoners.

Among those not eligible to serve include those found guilty of sexual violence, killing two or more people, serious corruption and former high-ranking officials, Shuliak said.

Only prisoners with under three years left to serve on their sentence may apply, she said. Any prisoners who are mobilised would be granted parole rather than a pardon.

INTERACTIVE-WHO CONTROLS WHAT IN UKRAINE-1715161844

The organisation Protection for Prisoners of Ukraine, which had lobbied for a measure allowing prisoners to fight, was disappointed with the adopted text.

“We support the idea behind the law, … but the text that was passed is discriminatory,” the NGO’s head, Oleg Tsvily, said.

“They got rid of leave for [fighting] prisoners, and we don’t know if they’re meant to fight until the war ends – which could mean longer than their sentence,” he explained.

Tsvily said he feared the creation of “special units” for mobilised soldiers would lead to abuse against prisoners.

“It’s like in Russia – redemption by blood. … Anyone willing to fight will be put in one unit and commanded like meat,” he said.

He was referring to reported practices of the Wagner mercenary group of sending waves of convicts into assaults likened to “meat grinders”.

Russia has recruited prisoners to serve on the front lines since the first days of its invasion in February 2022, initially offering presidential pardons for six months of service.

The practice was spearheaded by Yevgeny Prigozhin, who was filmed touring Russian prisons to recruit foot soldiers for his Wagner Group.

More than two years into the war, Kyiv is grappling with how to recruit enough soldiers to repel an intensification of Russian attacks on the front lines.

It has recently toughened measures against draft dodgers and lowered the age at which men can be drafted from 27 to 25.

(Aljazeera)

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