Netflix Subscriber Increase After Password Sharing Crackdown

Jul 20 2023

In the last quarter, Netflix exceeded expectations by adding 5.9 million new subscribers, partially due to cracking down on password-sharing households.

The streaming giant reported a profit of $1.8 billion on revenues of $8.3 billion, reaching a total of 238 million subscribers worldwide.

Amidst the positive financial results, the entertainment industry faced challenges with strikes from writers and actors, marking the first time both unions have walked out since the 1960s. Netflix’s co-chief executive, Ted Sarandos, expressed a desire to reach an agreement with the striking parties promptly.

Despite the strike’s impact on the industry, analysts believe Netflix is better equipped to weather the storm compared to traditional media companies.

Last year, Netflix experienced a temporary loss of subscribers but has since regained momentum, especially after taking measures against password sharing, which more than 100 million households had been participating in.

To further diversify revenue streams, Netflix introduced an ad-supported subscription last year. Recently, they dropped their cheapest commercial-free monthly plan in the US and UK, aiming to drive more sign-ups for the ad-supported option priced at $6.99 per month in the UK.

Deutsche Bank analysts predict that “paid sharing” will boost Netflix’s revenues through 2023, and the company’s international audience and successful original shows like Squid Game and Money Heist continue to drive growth.

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€300 Discount Scheme For Tourists Visiting Gozo

Jul 20 2023

Minister for Gozo, Clint Camilleri, revealed the Extended-Stay Incentive Scheme for the Accommodation Sector in Gozo 2023-24, a new measure from the 2023 Budget aimed at attracting high-quality tourists throughout the year.

The scheme applies to tourists staying in Gozo between October 15, 2023, and March 15, 2024, for a minimum of 10 nights, receiving a 30% discount on bookings up to €300. The funding will be split between the government (80%) and the private sector (20%).

Minister Camilleri emphasized targeting off-peak months and winter to make Gozo more than a summer destination. He mentioned the significant growth in tourism during pandemic shoulder periods and the ongoing efforts by the government and stakeholders to bolster Gozo’s tourism potential.

Additionally, private operators offer an extra 10% voucher to incentivize returning tourists during the summer months. Camilleri thanked the Gozo Tourism Association and the Directorate for Tourism and Economic Development for their involvement in developing the scheme and attracting interest from accommodation operators and digital platforms.

The scheme aims to not only attract more tourists during the off-peak months but also cater to those seeking longer vacations. It aligns with sustainable tourism principles. Fifteen operators are participating, offering over 140 eligible properties, including 4 and 5-star hotels, boutique hotels, self-catering villas, and farmhouses.

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Haley Bugeja’s Welcome To Inter Milan: First Interview

Jul 20 2023

Haley Bugeja gave her first interview with Inter Milan after having signed on to join the prestigious team.

The news first broke after REPLAY (Net Television)’s announcement, saying that the signing was imminent. The 19-year-old was later confirmed to be moving from her previous team, Orlando Pride, to the Italian side.

The club’s social media gave the football star a warm welcome, with supporters of Haley all wishing her the best in her upcoming career with her new team.

Bugeja spent on year performing in the American National Women’s Soccer League, with her last appearance taking place on May 11th when Orlando Pride went head to head with Washington Spirit to suffer a 4-2 defeat.

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PN Echoes Calls For Power Cut Compensations

Jul 20 2023

The Nationalist Party has strongly urged the government to tackle the pressing issue of power cuts, expressing grave concern over the hardships faced by families and businesses alike.

In a press conference, the PN emphasized the need for accountability from Robert Abela’s government for the frequent disruptions in electricity service and demanded fair compensation for those adversely affected.

The Opposition, with Mark Anthony Sammut and David Agius addressing a press conference, are calling for the establishment of an automatic compensation process for individuals enduring prolonged power outages and voltage instability, as initially suggested in 2021.

The PN also proposed making significant investments in the network and distribution infrastructure to enhance overall reliability.

This call was echoed by Jason Micallef, who, given the extended hours of power cuts, also emphasised compensations in the form of power bill discounts.

On their part, Enemalta took to social media to state that ‘teams of engineers and technicians are currently working on multiple faults being registered. Where possible, customers are being reconnected through other connections in the same area.’

‘In those cases where route switching is not possible, electricity supply will be restored once repair works are finalised.’

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