Netflix shares fall 10% as streaming giant misses growth targets

Netflix added barely half the expected 5 million new subscribers but blames quarterly figures on content slate not competition Netflix missed its growth targets by a huge margin in the last three months, the company announced on Wednesday, triggering a 10% drop in its share price. Announcing its latest quarterly figures, Netflix said it had added 2.7 million new subscribers worldwide, well below its guidance of 5 million new subscribers and down from 6 million for the same period last year. The company lost 130,000 subscribers in the US from last quarter. The news comes as Netflix has increased prices and the streaming media giant is preparing to part ways with some of its most watched shows, including The Office …

Why does Netflix keep making so many cheap TV movies?

From the studio that brought you Roma comes Secret Obsession, the latest in an increasingly long line of sub-Lifetime channel, semi-ironic duds You dont need to watch Netflixs upcoming movie Secret Obsession to know exactly what its going to be like. Theres the title, which appears to be chosen via some sort of generic thriller tombola. Theres the typography, which has a crack through it. Theres the cast, who all unfailingly look like catalogue models troubled by the incoming prospect of gastroenteritis. But mainly you know exactly what Secret Obsession will be like thanks to its trailer, which does a very good job of explaining the entire story. A woman suffers from amnesia. Her husband takes her back to their …

Stranger Things 3: a flawless finale but what a slog to get there

The ending is spectacular and beautiful TV, but before that, we had to endure Stranger Things: The Soap Opera for hour upon mind-flaying hour The end of Stranger Things 3 is tremendous. Its a blockbuster in every sense of the word; exciting, spectacular, funny and so unbelievably affecting that I cried for about 15 minutes after it ended. The final episode of Stranger Things 3 is a flawlessly executed, truly beautiful piece of television. But theres a problem. To watch the final episode of Stranger Things 3, you first have to watch the preceding seven episodes of Stranger Things 3. And, oh boy, are those a slog. Im starting to get the feeling that nobody expected Stranger Things to last …

Original Content podcast: Netflixs When They See Us is difficult-but-essential viewing

“When They See Us,” a new miniseries on Netflix, can be so infuriating that it’s hard to watch — especially its first hour, which depicts the arrest of the teenaged boys who became known as The Central Park Five, and shows police detectives coercing them into confessing to a brutal rape. We review the series on the latest episode of the Original Content podcast. Some of us struggled to get through that first episode, and the episodes that follow have plenty of painful moments too, but “When They See Us” rewards viewers who persist with a moving and unforgettable dramatization of all the ways the system failed Yusef Salaam, Korey Wise, Kevin Richardson, Raymond Santana and Antron McCray. The show …

Original Content podcast: Black Mirror returns with one of its strongest seasons

Less than six months after releasing the disappointing interactive experiment “Bandersnatch,” Netflix’s science fiction anthology series “Black Mirror” is back with three traditionally-structured episodes. On the latest installment of the Original Content podcast, we weigh in with our thoughts on the new season. We didn’t entirely agree on which episodes were strongest, but we agreed that there wasn’t a real misfire in the bunch. Darrell and Jordan were most impressed the season opener, “Striking Vipers” — which uses a VR fighting game as a launching point for a thorny exploration of sexuality and friendship — while Anthony preferred “Smithereens,” in which the the driver with an Uber-style app takes a social media intern hostage. And we also had a good …

Streaming: Scorsese’s freewheeling Dylan doc

Martin Scorsese is in playful mode with Rolling Thunder Revue, an intimate portrait of a 1970s Bob Dylan tour In a year that has seen Steven Spielberg become the Bob Dylan documentary. I say another, but if youre expecting a direct follow-up to Scorseses 2005 opus The Last Waltz, youll be surprised. Allen Ginsberg bewildering polite midwestern audiences with ornately woolly poetry readings, or Joni Mitchell riffing on her then newborn song Coyote in a backstage jam session alongside the perfectly selected Dylan stage performances youd expect, from a transfixing version of One More Cup of Coffee to electrified renditions of his folkier 1960s standards to a duet with Sam Shepard and some very funny running commentary from Dylan himself, …