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One million cancel their Netflix subscription in biggest loss to platform

One million cancel their Netflix subscription in biggest loss to platform
Jul 20 2022 Share

Netflix has just reported its largest quarterly loss in the company’s history as thousands of streamers cancelled their subscriptions with the giant. 

The streaming service had announced its hopes to add one million subscribers in the third quarter after predicting a loss of two million subscribers in the quarter ending 30th June. 

In reality however, the company reported a loss of 970,000 subscribers, which is, to be fair, less than the predicted two million. This is still their biggest subscriber loss to date. 

With stock on a decline of approximately 70% in 2021 and market value decreasing from $300 billion to under $90 billion in less than a year, the company expressed that they will continue improving all aspects of the platform.

They cited Stranger Things Season 4’s success as proof of ‘the effectiveness of [our] marketing strategy in driving conversation around our titles.’ 

Speaking about their place in relation to competitors such as Disney+, Netflix said that Stranger Things continues to outpace Obi-Wan Kenobi and Top Gun Maverick, but the series’ end next season could put this in jeopardy. Netflix is set to roll out an ad-supported subscription early in 2023. 

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Shooting and car chase in Marsa after man runs over police officer

Shooting and car chase in Marsa after man runs over police officer
Jul 20 2022 Share

Police are investigating a delicate case wherein a police officer, who was directing traffic this morning, was run over by a man in Marsa. 

The man was chased by police via various Rapid Intervention vehicles, with at least two gun shots heard, as reported by NET News. 

 

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The man was arrested in Rahal Gdid after hot pursuit and is currently being kept at the police depot. 

More information to come. 

#MaltaDaily

Photo Source: NET News

Europe and Azerbaijan energy deal signed to phase out Russian reliance

Europe and Azerbaijan energy deal signed to phase out Russian reliance
Jul 19 2022 Share

President Ursula Von der Leyen signed a Memorandum of Understanding on an energy partnership with Azerbaijan as the Commission seeks to ensure a constant gas supply to the bloc. 

The newly struck deal means Azerbaijan would be doubling its capacity of delivery to Europe through the southern gas corridor. The country will be delivering 20 billion cubic meters of natural gas. 

The agreement states that both parties would be increasing their renewal energy objectives in accordance with the Paris Agreement. 

The deal is intended to phase out the reliance on Russian gas for energy supplies following the start of the war in Ukraine. This comes after European Parliament Roberta Metsola stated in May that Europe shouldn’t go from one unreliable partner to another. 

The news of the deal was commented upon by former Prime Minister Joseph Muscat, who said that Europe is following in Malta’s footsteps when looking for energy. 

He compared this to his own seeking of relationships with Azerbaijan during his time in power, as well as ex-prime minister Don Mintoff’s connection with China. 

The deal also raises local history as former Energy Minister Konrad Mizzi had signed an agreement with Azerbaijan state owned oil company Socar to run the Delimara power station. Controversy struck when one of the shareholders, Yorgen Fenech, was charged with ordering the assassination of Daphne Caruana Galizia. 

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UK reaches new temperature records at 40.2°C at Heathrow

UK reaches new temperature records at 40.2°C at Heathrow
Jul 19 2022 Share

Britain has just recorded its highest temperature ever as it soared above the 40°C mark for the first time at Heathrow airport. 

The previous record of 38.7°C, registered in 2019, was broken when 39.1°C was reached on Tuesday morning at Charlwood in Surrey. It was then broken again at 12:50pm at 40.2°C at Heathrow. 

The records were broken as firefighters struggled to battle a blaze which broke out in the West Midlands. Households were told to save water by switching off washing machines. 

Transport Secretary Grant Shapps revealed that it would take decades to make road and rail infrastructure enough to cope with the heating climate. And it’s only set to get worse over the upcoming years. 

Professor of Climate System Science at the University of Reading Nigel Arnell called for urging planning to upgrade infrastructure and buildings to cope with the scorching conditions. 

Meanwhile, a massive blaze at Mickey Hills country park scorched the surrounding earth and trees as it spread across 50,000 square metres. 

#MaltaDaily