After slowing revenue growth and subscriber losses, Netflix will cut 150 full-time workers and some part-time and freelance positions.
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Netflix announced an increase in subscription prices in the U.S. and Canada. Prices will go up $1 to $2 per month.
Following a strong 2020, Netflix reported revenue of $7.2 billion, a 24.2% increase, and record operating margin and income.
Discovery is launching a new streaming video subscription service January 4 – Discovery+ – featuring the best in real-life entertainment.
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