Go back to the enewsletter Following the Luxper

first_imgGo back to the e-newsletter >Following the Luxperience Thought Leaders seminar in Sydney on 6 September, MyTravelResearch.com explore the issue seemingly changing the face of luxury travel, the Occupy Movement:Increasing inequality in wealth is one of the factors changing the nature of luxury travel. Social and political forces such as the Occupy Movement and government austerity cuts are driving some of the rich to spend their wealth more privately. The same forces have also encouraged the rise in socially responsible luxury travel activities.The trend to private consumption away from public scrutiny can be seen in the increase in purchases of mega yachts and private islands. Technological change and its impact on workplace communications has also triggered a counter demand among the rich to de-tech completely while on holiday, said luxury travel expert Carolyn Childs.Addressing the Luxperience Thought Leaders seminar in Sydney, Childs told the audience of 500 high-end travel buyers, sellers and advisors that the ‘occupy’ movement, like the French and Russian Revolutions before it, had changed the psyche, moral reference points and consumption patterns of well-off people.“We now see the rise of responsible resorts such as El Nido in the Philippines where high end travellers are both pampered and give back to the community,” said Childs. “Luxury travel is now increasingly defined by a rising commitment to people, planet and self-improvement as much as indulgence, pampering and conspicuous consumption.”Childs told the audience that wealth disparity has been on the rise since around 1980, with the richest 1 to 10% in North America, Europe and Australia now owning over 70% of society’s wealth.However, the rise in the nouveau rich, not least in China, India as well as G7 economies, has seen luxury consumers around the world splinter into personality types such as “philanthropist”, “dynast”, “lotus eater”, “hedonist”, “pioneer”, “jet setter”, “enrichment seeker” and “replenisher.”The luxury travel sector has also seen the rise of  “aspirational” consumers who will splash the cash depending on three factors: the occasion (such as a honeymoon or anniversary), the experience (such as a trip to Antarctica), and the traveller’s ability to trade up or down – for example, enjoying a three-star holiday but taking a helicopter ride to a spectacular dinner on the last day.Luxury travellers now rely on elite travel agents, or advisors, that Childs called “magicians”.“These Gandalfs and Merlins are completely service-minded, very creative control freaks who try to anticipate the psychological and physical needs of their clients. They have to deliver magic. They dread saying ‘no’ to a customer who is only used to hearing ‘yes’.”When it goes wrong the results can be high profile. Childs cited the case of Johnny Depp’s terriers Pistol and Boo who faced being put down when the actor brought them into Australia in defiance of quarantine regulations.In December, Childs, the co-founder of MyTravelResearch.com, will publish an in-depth study of trends and changes in the luxury travel economy in partnership with Luxperience.Go back to the e-newsletter >last_img read more

Rep Howrylak introduces bill to reduce taxes for retirees seniors

first_img Categories: Howrylak News,News Rep. Martin Howrylak of Troy introduced legislation today that seeks to significantly lower the tax burden for retirees.“I came to Lansing with the desire to provide taxpayers in Troy and Clawson and across the state with tax relief,” Howrylak said. “The retirement income tax exclusion was eliminated several years ago and my goal is to significantly lessen the retiree tax burden.”In 2011, Michigan made several changes to the tax code, including eliminating the pension and retirement exemption. If enacted, Rep. Howrylak’s proposal will significantly increase the retirement income subtractions for both single and joint filers. As a result, this legislation will reduce the portion of one’s retirement income that is subject to state tax and lower the tax obligation for all Michigan retirees and seniors.“Most senior citizens are dependent on a fixed income and this policy change had a significant impact on their pocketbooks,” Howrylak said. “My bill will greatly reduce the tax burden placed on these hard-working citizens and allow them to keep more of their earned income during their retirement years.”This legislation is the reintroduction of House Bill 5801, which Howrylak authored in 2016.HB 4159 has been referred to the Tax Policy Committee for consideration.##### 02Feb Rep. Howrylak introduces bill to reduce taxes for retirees, seniorslast_img read more

Dean Possenniskie AE Networks managing director

first_imgDean Possenniskie, A+E Networks’ managing director for Europe, spoke to DTVE about growing audience reach, the importance of marketing and how to successfully extend existing channel brands.What are your strategic priorities?2012 has seen the strongest year ever of audience growth across our local channel portfolios. History in particular has grown more than 50% year-on-year in prime time audiences across key western European markets such as the UK, Germany and Italy. Continuing to reach our growing audiences in new ways will remain a priority for our local channels in 2013 and we will continue to invest in new interactive and social media products in 2013. Local commissioning is key to the local positioning and success of our channels. In 2012 we produced more local hours than ever before in Europe across History, Crime & Investigation Network and Bio, and plan to do even more in 2013. Crime and Investigation Network has proven a ratings success in recent launches in Spain, Holland and Poland – we aim to launch the channel into new markets across EMEA in 2013. We have exciting new channel brands in Lifetime and H2 that we are working to launch in Europe in 2013.Is the balance between free-to-air and pay TV revenues shifting?Across Europe we are seeing positive growth in our core pay TV business.  Pay penetration is growing, Germany has been a highlight as both DTH and cable subscriber numbers grow, while we see very strong growth in CEE markets such as Poland. We manage a complimentary free-to-air content distribution business alongside our pay channels and are seeing greater demand than ever for our programming.Are you seeing much success from alternative revenue streams?We operate successful local advertising businesses across key markets such as the UK, Spain, Germany and Italy. 2012 has seen the creation of local advertising windows on both History and Crime & Investigation in Poland and has already emerged into a significant revenue stream. We have an active home entertainment distribution business in Europe with direct partnerships and licensing deals in place throughout the region.How are A+E Networks’ brand values communicated?We work hand-in-hand with the marketing, on-air, digital and programming teams from our joint ventures and licensing partners to ensure that locally produced trade and consumer materials appeal to local tastes and cultures, while adhering to the brand proposition. We firmly believe that nothing beats face-to-face communication, so representatives from our corporate office in New York travel frequently to meet with the local teams, and the local teams send reps to New York to meet with their US counterparts. We also hold a yearly conference with representatives from our channels around the world to talk about what’s new for the brands, share success stories and exchange ideas.What marketing efforts have you undertaken with local partners? It is critical for programming providers to utilise their brands and content to help drive value for the pay TV platform.  Our expertise is connecting with consumers through compelling content, and by utilising this connection to help our partners sell their products and services, we derive mutually beneficial results for our businesses. We’ve done this successfully in a number of markets.  In the UK, BSkyB utilised The Kennedys to help drive subscriptions to the pay environment by targeting viewers on the free-to-air platform. This show delivered History UK’s highest ever audience. A+E Networks UK partnered with Ziggo to announce the launch of Crime & Investigation in the market. Ziggo utilised the launch to drive awareness of the package and increase subscriptions. They promoted it internally through their call centres and staff trainings and externally through their retail stores and platform promotional inventory.What are the risks of developing spin-off versions of core channel brands?The biggest risk to developing a spin-off version of a core brand is for the new brand to be viewed as a ‘lite’ version of the original, and that you water down your core brand if the spin-off voice is not distinct. But it can work.  As History has catapulted into one of the leading pay TV brands in the US, we saw some opportunities in the landscape that we could leverage. We transitioned our History International (HI) brand to H2 last year, and we built off the success of HI with an increased investment in original programmes that allow viewers to immerse themselves more deeply into topics they enjoy on History.  The strategy worked from go.  We did not see a drop in viewership from History. In fact the channel has continued its growth streak, while H2 has built upon the HI audience significantly and has climbed the charts. Both brands are stronger than ever.How are plans to launch Lifetime internationally developing? Our strategy is to launch Lifetime in all markets worldwide. We had our first international launch for the brand in Canada in August. We are in active discussions with partners worldwide to launch the channel and expect to make more announcements later this year.When does it make sense to localise programming?A channel brand such as History can present strong local stories, heritage and characters, which we have invested in more heavily than ever in 2012. It’s important that we have strong distribution in a market backed by a talented local team as we have done in markets such as the UK, Germany and Spain.last_img read more

Ukrainian broadcaster 11s international channel

first_imgUkrainian broadcaster 1+1’s international channel 1+1 International is now available on Orange Poland’s platform.The deal with Orange give 1+1 International coverage of the entire territory of Poland via IPTV and DTH. Orange TV has about 700,000 subscribers in the country.1+1 International TV channel is available in Poland via Eutelsat’s Hotbird at 13° East and the Astra 4A satellite platform.1+1 said it planned to launch the international channel in Germany, Canada, the US and Cyprus in the near term.“We consider our cooperation with the Orange Polska as an essential step in development of distribution channels of 1+1 International in Poland. The country with one of the largest Ukrainian diasporas in Europe that, according to various sources, amounts to from 350 000 to 500 000 people is very important for us. Additionally, this step expands cooperation of 1+1 Media Group with Polish media companies in general. We hope that in the near future this cooperation will open new possibilities and allow us to approach not only the Ukrainian-speaking audience in Poland,” said Vladyslav Svinchenko, the channel’s general producer.last_img read more

Doug spoke in trenchant munificent stentorian and

first_imgDoug spoke in trenchant munificent stentorian and intelligent terms—everyone  should  read  and  ponder what he spoke so eloquently about.—Anonymous Recommended Link In Case You Missed It… Our colleague Teeka Tiwari is a crypto investing expert. He’s very bullish on the sector and has helped his subscribers score gains of up to 20,000%. This Thursday, Teeka is hosting a free cryptocurrency training seminar. Reserve your spot right here. Recommended Link I read your email, and it disturbed me far more than the subject itself. To lump all protestors together as being created by someone else’s agenda rather than thoughtful humans concerned about an injustice saddened me. But it did get me to look into the story more. I found a very thoughtful article you might find interesting. —Amy But don’t just take my word for it. Look at what Phyto Partners is doing… Phyto Partners is a venture capital fund that invests in early-stage cannabis companies. Today, it has 12 companies in its portfolio. And none of them grow, process, or sell marijuana. Instead, they serve the marijuana industry.One of those companies, New Frontier Data, is a major marijuana data firm. Another, Steep Hill Labs, is a leader in marijuana lab testing. Then there’s Grownetics…• This company is radically changing how people grow marijuana… I know because I recently visited the Grownetics team in downtown Boulder, Colorado. In a minute, I’ll tell you how Grownetics is revolutionizing the marijuana industry. I’ll also tell you about the incredible insight I learned while in Boulder. But let me first tell you what I was doing there. After all, Boulder’s a long way from Casey Research’s headquarters in Florida.• In June, I did something I’ve wanted to do for years… I turned in my apartment key. I sold most of my belongings. And I hit the road. That’s right. I left sunny South Florida to become a digital nomad. I did this because I’ve come to realize something working with Doug Casey… The best money-making opportunities are rarely in plain sight. More often than not, they’re hidden. This means you need to go “into the field” to find them. That’s particularly true for the legal marijuana market, which is being born before our eyes.• So I went to the frontlines of this emerging industry… My first stop was Vancouver. I spent all of July there. After that, I went to San Francisco for three weeks. Then, I spent nearly all of September in Colorado. There, I visited an indoor marijuana growing facility. I toured a state-of-the-art cannabis research lab. And yes, I drove to Boulder to meet the Grownetics team. I did this because an industry insider told me that Grownetics is doing incredible work. And he wasn’t joking… 3 Marijuana Stocks to Buy Right Now Canada is set to vote on a new nationwide law that will set off the biggest event in the history of marijuana. The Canadian pot market will explode from $400 million to $8 billion. And new marijuana millionaires will be minted. If you missed out on the first marijuana boom, when penny pot stocks delivered peak gains of 7,820%… 6,233%… and 3,986%… often in months… This is your second and final chance. Don’t miss out again. Discover the 3 companies that will dominate the marijuana market.center_img — Teeka’s new cryptocurrency prediction will shock you Teeka’s previous cryptocurrency predictions could have made you 1,241%, 2,050% and even 14,354% in as little as 6 months. To get his latest prediction – including the name of the crypto he calls “the next big thing in cryptocurrencies” – click here. By Justin Spittler, editor, Casey Daily Dispatch Big money is pouring into marijuana. During the first four months of 2017, cannabis-related companies raised more than $700 million. That’s almost seven times more than they raised during the same period last year. This isn’t “dumb money,” either. Some of the world’s savviest investors have placed huge bets on marijuana. Peter Thiel, for example, recently invested millions of dollars in Privateer Holdings, a private equity firm focused on legal cannabis. Thiel was an early investor in Facebook, and is a legend in Silicon Valley. Then there’s venture capital firm Benchmark Capital, which was an early investor in Twitter, Uber, Snapchat, and Instagram. It recently put $8 million in Hound Labs, an Oakland-based startup that’s developing a device to test whether drivers are under the influence of marijuana. These are big investments from big-time investors.• It tells us the marijuana boom is for real… And that’s exactly why you should consider speculating on marijuana stocks if you haven’t already. But you should realize something before diving in… The best marijuana investments aren’t traditional marijuana companies. They’re companies that serve the industry. • You see, Grownetics isn’t your typical marijuana company… It doesn’t grow marijuana. It doesn’t own dispensaries. And it doesn’t make marijuana edibles. Instead, it’s a technology company that’s solving one of the marijuana industry’s biggest problems. You see, most marijuana companies have a “head of cultivation” on staff. This person feeds, waters, and monitors the health of marijuana plants at an indoor facility. Over time, they figure out what the plants like and what they don’t like. And many head cultivators simply write this information down in a journal. This approach isn’t just old-fashioned. It’s risky. Think about it. If the head of cultivation walks, they’re going to take that information with them. And that basically screws over the owner of the facility.• Grownetics wants to fix this problem with technology… And here’s how… Grownetics builds operating systems for indoor farmers and greenhouse cultivators. This system includes management software linked to a network of high-resolution sensors inside marijuana growing facilities. These sensors monitor room temperature, lighting, humidity, CO2 levels, and a host of other inputs. Grownetics’ software then organizes this data in a way that’s easy to understand. This saves companies time and money. And it helps them boost the yield and potency of their crop. (You can learn more about the incredible work that Vince and his team are doing by visiting their website right here.) In short, Grownetics helps companies grow better pot, and a lot more of it. That’s why the company has customers all over the country, and a rapidly growing pipeline…• But I know what you’re probably thinking… “Marijuana’s a weed. How hard can it possibly be to grow?” Well, actually, it can be very difficult. That’s because marijuana’s a very complex plant. In fact, Grownetics COO Vince Harkiewicz told me there’s “never been a pharmaceutical crop like marijuana”: The closest thing might be poppies, which are used to make opiates for pharmaceutical industries, but that’s just one chemical you’re producing. With cannabis, there’s hundreds of cannabinoids and terpenes in the plant. And they all affect the way the medicine is received by the patient. That’s right. • Marijuana isn’t just a plant that gets people high… It’s also medicine. That’s why the world’s top botanists are coming to the marijuana industry in droves. It’s why the world’s best investors are pouring billions into marijuana companies. It’s also why companies are paying top dollar for Grownetics’ services.• Now, I unfortunately can’t recommend Grownetics to you… The company’s private, and a startup at that. So, why did I tell this story? Simple. Most people have ridiculous misconceptions about the marijuana industry. They think the industry’s run by stoners, hippies, and burnouts. But that couldn’t be further from the truth. The industry’s attracting world-class entrepreneurs, engineers, and scientists. It’s employing real science. And it’s developing its own cutting-edge technology. In short, the legal marijuana industry is becoming more and more like Big Pharma every day.• Soon, everyday investors will figure this out… When that happens, money will pour into marijuana stocks like we’ve never seen. That’s something you want to be ready for. So, consider buying marijuana stocks if you haven’t already. Just understand that these stocks are still very speculative. So, do your homework before diving in. I also encourage you to read these recent articles of mine: Why This U.S. Army Officer Retired to Focus on Cannabis The Great Marijuana Bull Market Has Officially Arrived The Window’s Closing…But You Can Still Become a “Marijuana Millionaire” The No. 1 Mistake Marijuana Investors Are Making As you’ll see, the biggest opportunities in marijuana aren’t in the States. They’re north of the border in Canada…Regards,Justin Spittler New Orleans, LA October 31, 2017 P.S. This marijuana boom is just getting started. And now is the time to own the best stocks to take advantage. We have a basket of marijuana companies in our Crisis Investing newsletter that are set to soar in the coming years. You can access these names, along with all of our research on the sector, with a subscription to Crisis Investing. Click here to learn more. Sights From the Road Earlier, I told you how I left sunny South Florida to become a traveling analyst. So far, my world tour has taken me to Vancouver, Seattle, San Francisco, Denver, Las Vegas, South Carolina, and New Orleans. Along the way, I’ve seen some incredible things. So today, I’m going to share a few photographs that I took at Grownetics’ headquarters in downtown Boulder. The first photo shows the workstation in Grownetics’ lab. Next, a 3D printing machine that Vince and his team use to make components. Finally, here’s a photo of an award that Grownetics picked up last year at the 2016 Cannabist Awards in Las Vegas for Best Technology Start-up. As you can see, Vince and the rest of the Grownetics team are doing some incredible things. So, be sure to check out their website to learn more about them.Reader MailbagToday, readers write in with their thoughts on Doug Casey’s interview on cultural appropriation:Doug—you are right on the money, as usual. The SJW mentality is a step towards control, and the type of control they desire is evident from those who have done this before.—Barry —last_img read more

Is Big Pharma for or Against Legalizing Medical Marijuana Maybe Both

first_img Get 1 Year of Green Entrepreneur for $19.99 Cannabis Journalist | Tech Evangelist Covering High Growth Trends 8 min read Next Article Image credit: Kevork Djansezian | Getty Images Add to Queue Guest Writer Andre Bourque Green Entrepreneur provides how-to guides, ideas and expert insights for entrepreneurs looking to start and grow a cannabis business. People growing their own marijuana is a significant concern to Big Pharma. As state legalization of cannabis-derivatives spreads, the drug companies contemplating the potential of medical marijuana see a threat from both homegrown and professionally harvested medical-grade marijuana.Pharma offers quality control and deep testing but experience shows that research and development adds to customer cost. Even the 21st Century Cures Act won’t speed up the famously slow pace of FDA drug approvals. Given the facts and the perception, you have to wonder if Big Pharma is for or against legalizing marijuana.Related: Science and FDA Say Cannabis Is Medicine but DEA Insists It Isn’tHere’s the problem.A lot of money always attracts a lot interest. Big Pharma wants the revenues that marijuana promises but concede market forces threaten their interests. Big Pharma can’t getting its biggest slice of the pie with individuals and licensed producers harvesting cannabis, not to mention the the black market that continues to thrive.Ben Cohen, writing for US News, insists it’s all about money. He writes, “For years, large corporations and well-heeled lobbyists have blocked the legalization of marijuana for medical use or recreational use in order to protect their own profits.”There’s no reason to expect this to stop.On the other hand, cannabis advocates have a personal and emotional investment in promoting the legalization, or at least decriminalization, of marijuana. Sometimes that makes them anti-institutional and they skew the role of Big Pharma. Finding an objective point of view is difficult.You might consider the hypocrisy at the February 2014 meeting of the Community Anti-Drug Coalition of America (CADCA). While speaker after speaker preached against the legalization of marijuana, leading financial sponsors of the program included Purdue Pharma, the manufacturer of Oxycontin.As reported in The Nation, both CADCA and the Partnership for Drug-Free Kids (formerly the Partnership for a Drug-Free America) accept financial support from the producers of the same opioid medications that have led to tens of thousands of deaths. The same two groups, among others, have opposed U.S. Congressional efforts to label prescription opioids for “severe pain,” but they have supported continuing Medicare reimbursement for the addictive pills.Moreover, pharmaceutical companies take shelter in the DEA’s listing of marijuana as a Schedule 1 drug, the same category as heroin. As long as the DEA effectively prohibits marijuana medical research, Big Pharma can take the moral high road. The Schedule 1 designation severely limits needed research into the medical efficacy of cannabis-derivatives.”Big pharma is lobbying against legalization, on the purported grounds of safety, but in reality, they are just buying time to create their own synthetic cannabis medicines,” said Alan Hirsch, CEO of Diagnostic Lab Corporation, a cannabis safety and science company. “Several biotech companies have started creating cannabinoid chemistry from rice or yeast, but eventually, these medicines will be manufactured by Big Pharma in Schedule 1 facilities.” Big Pharma Is Developing Cannabis Painkillers – Here’s What They Can Do To Become Part of the Mainstream Market. https://t.co/WGj1yWE2rv pic.twitter.com/s0w3fmzsPe— HIGH TIMES (@HIGH_TIMES_Mag) July 19, 2017 The problem that started with the Trump campaign.Many of the same voters who elected President Donald J. Trump voted to liberalize marijuana enforcement. And, like everything else with the arrival of the Trump administration, things remain in a state of confusion pending official updated stance.In a Town Hall (03/20/2016) meeting, then-candidate Trump said, “I think that as far as drug legalization we talk about marijuana and in terms of medical I think I am basically for that. I’ve heard some wonderful things in terms of medical. I’m watching Colorado very carefully to see what’s happening out there.”Related: Getting Healthy, Not High: Using Cannabis to Fight CancerOn The O’Reilly Factor (02/12/2016), when Fox News’ Bill O’Reilly called medical marijuana a “ruse,” candidate Trump said, “But I know people that have serious problems and they did that they really — it really does help them.”Later, candidate Trump told the Washington Post (10/29/2016), “In terms of marijuana and legalization, I think that should be a state issue, state-by-state … Marijuana is such a big thing. I think medical should happen — right? Don’t we agree? I think so. And then I really believe we should leave it up to the states.”Decades ago he also told the Miami Herald (04/14/1990) “We’re losing badly the War on Drugs. You have to legalize drugs to win that war. You have to take the profit away from these drug czars.”Confusion about the Trump Administration and cannabis.President Donald J. Trump has sent several confusing signals to the pharmaceutical industry and the cannabis advocates. NewsMaxFinance (03/03/3017) quoted President-elect Trump as saying, “pharmaceutical companies are ‘getting away with murder’ in what they charge the government for medicines.” President Trump repeated that charge at a press conference reported by the Washington Post (01/11/2017) when he also said, “Pharma has a lot of lobbies, a lot of lobbyists and a lot of power.”Fox Business (02/01/2017) interviewed Eli Lilly’s CEO David A. Ricks following Trump’s White House meeting with pharmaceutical industry leaders. “When asked if he gave the president any commitment to reducing drug prices or to investing in U.S. operations or jobs, Ricks responded, ‘No, Lilly didn’t do that. But, what we did say is that with the right policy environment, in particular, the corporate tax rate which today is an inhibitor for us to invest in manufacturing here in the United States, along with other pro-business policies could allow us to expand operations in the U.S’.”Related: Will the ‘Entrepreneur’ President Embrace the Cannabis Economy?And, Emma Court of MarketWatch (03/01/2017) reported following Trump’s first State of the Union Address, “The Tuesday evening mention of drug prices underscores ‘our view that Trump is committed to some action to permit federal government involvement in pricing under Medicare Part D, his position for a year,’ Evercore ISI policy analyst Terry Haines said. ‘We continue to think that comes during ACA reform legislation when Trump can insist something be included as a condition of him signing the bill into law.’”So perhaps President Trump is jawboning the pharmaceutical industry to make a deal? Trump wants some concession he can take to his populist constituency in trade for lower corporate taxes. On the surface, this has nothing to do with marijuana. In fact, his position on marijuana may be something he can trade.Related: Marijuana Advocates Wait for Trump’s Stance on Legalized CannabisIt’s all about the money.Is Big Pharma for or against legalizing marijuana? Nothing shows that they favor accessibility to marijuana, and everything points to their opposition. However, investors in Big Pharmacy see the light. They remain in the market and are buying up. They see that there’s no moral high road here but there is money for Big Pharma in cannabis.“No pharmacy company is interested in making cheaper medicine,” Brian Chaplin, founder of Medicine Box told me in a written interview. “The existing Pharma industry is more about patenting and manufacturing medicine that is a treatment plan – not a curative plan.”Chaplin argues that Big Pharma wants customers to need their products, preferably for the rest of their lives, while creating “customers” but not healing specific ailments.“This is different from a ‘whole plant’ medicine approach — where we see patients responding to the synergistic effects of multiple compounds (cannabanoids and terpenes) in the plant that are usually lacking in a pharmacy — chemically prepared product,” he continued.  Interestingly, Big Pharma playing in the fields of cannabis might, in fact, help declassify the plant. Christopher Teague of HERB writes, “Big Pharma will prove that cannabis is medicine a hundred times over, in every way, and the DEA will have to reclassify the plant itself.”According to Matt Gray, CEO and founder of HERB, “Big Pharma has already dipped its toe into cannabis treatment, with the DEA approving synthetic cannabis for pharma company, Insys.”That same company, however, also donated money to prevent cannabis legalization from occurring in Arizona. “This just proves the point that Big Pharma cares more about their bottom line than the actual treatment of patients,” he continued. “So if they find it financially beneficial, they will get involved in the industry, even if it isn’t necessarily for the right reasons.”In the end, it’s all about striking a winning balance. Trump needs a victory over high drug prices, especially as they affect Medicare Part D. Big Pharma is in a position to demand concessions. Accessibility to cannabis R&D might just be one of them. Pharmaceutical companies are intrigued by the immense and growing medical marijuana market but cannot figure a way to corner it. Cannabis August 8, 2017 –shares Opinions expressed by Entrepreneur contributors are their own. Is Big Pharma for or Against Legalizing Medical Marijuana? Maybe Both. Subscribe Nowlast_img read more

Facebook Says 126 Million Users May Have Been Exposed to Russian Posts

first_imgSocial Media Reporter Next Article Guest Writer Michael Kan Free Webinar | July 31: Secrets to Running a Successful Family Business 2 min read Image credit: JaysonPhotography / Shutterstock.com Learn how to successfully navigate family business dynamics and build businesses that excel. Russian efforts to influence American society over social media may have reached more than half of the country’s voting population, according to new findings that’ll be presented to Congress today.Facebook, for instance, has found that 126 million users in the country may have been exposed to 80,000 divisive political posts written by a Kremlin-back Russian company, according to The New York Times.Twitter uncovered over 36,000 accounts possibly linked with Russia that generated 1.4 million automated election-related tweets, according to a source familiar with its upcoming testimony. Those tweets received 288 million impressions.Google, on the other hand, found 1,108 videos on YouTube probably associated with a suspected Russian campaign to spread propaganda. The videos attracted 309,000 views in the U.S.More details will be presented during today’s congressional hearing on Russian interference in last year’s election. Representatives from all three U.S. tech companies are set to testify.Facebook will reportedly disclose that a Russian company called the Internet Research Agency controlled 470 accounts to publish the 80,000 posts. Those posts were served directly to 29 million users, and then liked, shared or followed by others, magnifying their spread.Russia’s Internet Research Agency, which is notorious for being an Internet troll farm, also spent $100,000 to display 3,000 ads on the platform with divisive political and social messages, Facebook claimed last month.Twitter also tracked over 2,700 users accounts to the Russian company, up from the 201 accounts it initially reported last month. All the accounts have been suspended. In addition, Twitter identified over 36,000 accounts found generating automated election-related content that possessed “at least one characteristic” associated with Russian user accounts.Although the accounts produced 1.4 million tweets, that only represented 0.74 percent of overall election-related tweets during the Sept. 1 to Nov. 15 time period, according to Twitter’s upcoming testimony.Despite Facebook’s and Twitter’s attempts to crack down on the abuse, U.S. lawmakers remain concerned that foreign governments will try to spread propaganda over their platforms in future elections. That may put Silicon Valley and Washington at odds over attempts to regulate social media.However, both Facebook and Twitter are taking steps to add more transparency to their online political ad business, including who buys what. Last week, Twitter banned two Russian media groups from advertising on the platform over concerns they were spreading Kremlin-back propaganda. Facebook, Google and Twitter are set to testify before a congressional subcommittee on Russia’s attempt to use social media to influence last year’s election. Facebook Says 126 Million Users May Have Been Exposed to Russian Posts –shares October 31, 2017 Add to Queue This story originally appeared on PCMag Register Now »last_img read more

8 Ways to Increase Holiday Cheers and Minimize January Jeers

first_img Add to Queue –shares Be inclusive, be respectful, and beware of the after party. Holidays December 11, 2017 Guest Writer Image credit: Ulrik Tofte | Getty Images Jonathan Segal Partner in Employment Practice Group of Duane Morris 8 Ways to Increase Holiday Cheers and Minimize January Jeers Next Article Apply Now » Opinions expressed by Entrepreneur contributors are their own. The holiday season can be the most wonderful time of the year, but it also poses legal and employee relations challenges to employers of all sizes. Most of these challenges can be mitigated with some thoughtful planning. So, here’s a checklist of some of the more salient issues to consider to minimize the risk that your December celebrations will result in January claims.1. Don’t eliminate Christmas.Don’t eliminate Christmas from the holiday season, says this Jewish guy. It’s a beautiful holiday that should be celebrated. And, a Christmas tree is just fine, too!  Remember, it’s about inclusion, not exclusion. So, speaking of inclusion — what about those who don’t celebrate Christmas?Related: 6 Strategic Ways to Prepare Your Small Business for the Festive Season2. Include other holidays.Recognize other holidays, such as Hanukkah and Kwanza, in your decorations and announcements. For example, consider a menorah and Kwanza basket along with the Christmas tree. 3. What holiday did you forget?You don’t know what you don’t know. Profound, no? So, ask. Ask employees if there is a holiday that they would like to see included in the celebration (and that includes decorations). Reminder: the Buddhist holiday of Bodhi day falls on January 5 this year.  4. What should you call your party?“Holiday party” or “Celebration of the Season” are inclusive terms. Make the party itself inclusive too by having decorations and the music reflect diverse holidays. But which decorations and songs? Those that are more religious are more appropriate for religious celebrations (or for religious employers). Fact: Springsteen’s “Santa Claus is Coming to Town” is just fine!Related: 4 Ways to Prepare Your Marketing for the Upcoming Holiday Season5. Should you serve alcohol?Never serve it to minors.  Make clear adults who get it for them will be subject to immediate discharge. As for adults, take steps to minimize abuse, such as limiting drinks, providing lots of food or even making employees pay for alcohol and then donating the money, with a match, to charity.Even with restrictions, assume some people may abuse the alcohol you serve. Consider having cab vouchers ready for them without management knowing who the users are. This increases the likelihood that those who need vouchers will use them.6. What about harassment?This is perennial problem at holiday parties. But you can bet this year employees who are subject to improper conduct appropriately will speak up. #MeToo. Remind your employees that your anti-harassment policy applies to the party. But that’s not enough. Make sure to remind managers of their responsibilities. If you are in management and you see or hear unacceptable comments or conduct, you must intervene. To see and ignore is to condone.7. What about the “after party?”To be blunt, no good comes from after parties. Unless, you consider claims arising out of the after party good. Make clear you are not sponsoring any after party, and do not allow employer money to be used for it. And, never attend if you are in management. Attending is about as safe as walking on railroad tracks.Related: Don’t Commit These 7 Party Fouls Inspired by ‘Office Christmas Party’8. What about greetings?It’s best to be general with your holiday greetings unless you know otherwise. The default should be “Happy Holidays.” But if you know someone is Christian, by all means wish that person a Merry Christmas. I do, and I appreciate it when people wish me a “Happy Hanukkah” because they know I am Jewish. I am less thrilled if they are making assumptions. When addressing groups, be as inclusive as you can be, as I shall try to do now: If you celebrate Christmas, Hanukkah or Kwanzaa, I wish you a peaceful and meaningful holiday that corresponds with your faith. If you observe another holiday now, I apologize for not referencing it by name, but I give you my good wishes just the same, as I do for those who recognize no holidays or who celebrate at another time of year. May peace be with all! And, please, be good to each other. 4 min read The only list that measures privately-held company performance across multiple dimensions—not just revenue. 2019 Entrepreneur 360 Listlast_img read more

Apple Is Reportedly Trying to Make its Own Displays

first_img Add to Queue March 19, 2018 Apple Is Reportedly Trying to Make its Own Displays Next Article –shares 2 min read Matthew Humphries Image credit: via PC Mag Senior Editorcenter_img Apple’s laptops, smartphones, tablets and watches rely on hundreds of parts, most of which Apple sources from other companies around the world. But the more of those parts Apple can make itself, the more profit it can generate as well as making its supply chain more reliable. Apple already started making its own chips, now it’s attempting to make displays.As Bloomberg reports, Apple is thought to be designing and producing its own displays in a secret manufacturing facility near California. More specifically, the focus is on producing MicroLED screens like those recently produced by Samsung to form the 146-inch modular TV launching in August.In Apple’s case, perfecting MicroLED screen production would remove the need to rely on companies including Samsung, Japan Display, Sharp, and LG Display. We could see Apple displays used in the Apple Watch ($329.00 at Best Buy), iPhone, iPad and maybe even MacBooks ($1,249.00 at Amazon) in the future, but there’s one big problem: MicroLED is extremely difficult to manufacture.Apple’s focus on MicroLED is due to the benefits offered, notably they create thinner, brighter and less power-hungry displays without the downsides of OLED (limited life span, brightness). However, because each pixel has its own light in a MicroLED array, it throws up some manufacturing challenges. Those challenges apparently almost made Apple shut down the project last year, but it didn’t, and now working displays are being produced.It’s unlikely we’ll see these Apple displays any time soon, if at all. The cost of mass producing OLED and eventually MicroLED will continue to fall and other manufacturers already focused on display production will benefit first. Apple would need to invest heavily in facilities before it could get serious about making displays. So, for the foreseeable future, expect Apple to continue signing display contracts with its partners. Free Webinar | July 31: Secrets to Running a Successful Family Business This story originally appeared on PCMag Apple If successful, Apple will no longer have to rely on another company for its screens. Learn how to successfully navigate family business dynamics and build businesses that excel. Register Now »last_img read more

Sheryl Sandberg Melinda Gates and Other Influencers Sign an Open Letter Declaring

first_img Assistant Editor, Contributed Content Sheryl Sandberg, Melinda Gates and Other Influencers Sign an Open Letter Declaring ‘Poverty Is Sexist’ Add to Queue –shares March 7, 2016 Facebook’s COO Sandberg delivers the Class Day address at Harvard University in Cambridge Carly Okyle 2 min read Fireside Chat | July 25: Three Surprising Ways to Build Your Brandcenter_img Small Business Heroes What’s something Facebook COO Sheryl Sandberg, actress Meryl Streep, Unilever CEO Paul Polman, entrepreneur Sean Parker, former Secretary of State Condoleezza Rice, activist Melinda Gates and Glamour Editor-in-Chief Cindi Leive agree on? “Poverty is sexist.”A total of 86 influencers, including the people mentioned above, have signed an open letter from the ONE Campaign — an international advocacy organization that focuses on fighting extreme poverty and preventable disease, mainly in Africa. The letter, pegged to International Women’s Day on Tuesday, calls on lawmakers to support gender equality in order to fight extreme poverty more effectively.Related: Meet the Fearless Female Franchisors Who are Living Their Dreams“Girls and women living in extreme poverty — those often hit hardest by the injustice of gender inequality — have been left out of the conversation,” the letter says, asking for data, funding and policy changes to support its cause.Many who have signed the letter have a history of advocating for women and girls. Sandberg, known for her book Lean In: Women, Work, and the Will to Lead that started the Lean In movement, has been an outspoken fighter for women’s rights in the workplace. Melinda Gates has invested money in improving the health of women and children through her and husband Bill’s foundation. Writer, actress and comedian Amy Poehler created Smart Girls, an organization that encourages young women to be intelligent and imaginative.Related: 2016’s Women to WatchThe first International Women’s Day was in 1909 and aimed to bring attention to voting rights and better wages for women.   Image credit: Brian Snyder | Reuters Opinions expressed by Entrepreneur contributors are their own. Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Next Article Enroll Now for $5last_img read more

Stephen Hawking Teams With Billionaire Yuri Milner to Find an EarthLike Planet

first_img Register Now » Free Webinar | July 31: Secrets to Running a Successful Family Business Reuters –shares Add to Queue 3 min read This story originally appeared on Reuters Next Article Stephen Hawking Learn how to successfully navigate family business dynamics and build businesses that excel. Image credit: Bryan Bedder | Getty Images Billionaire Internet investor Yuri Milner announced another $100 million initiative on Tuesday to better understand the cosmos, this time by deploying thousands of tiny spacecraft to travel to our nearest neighboring star system and send back pictures.If successful, scientists could determine if Alpha Centauri, a star system about 25 trillion miles away, contains an Earth-like planet capable of sustaining life.The catch: It could take years to develop the project, dubbed Breakthrough Starshot, and there is no guarantee it will work.Tuesday’s announcement, made with cosmologist Stephen Hawking, comes less than a year after the announcement of Breakthrough Listen. That decade-long, $100 million project, also backed by Milner, monitors radio signals for signs of intelligent life across the universe.Breakthrough Starshot involves deploying small light-propelled vehicles to carry equipment like cameras and communication equipment. Scientists hope the vehicles, known as nanocraft, will eventually fly at 20 percent of the speed of light, more than a thousand times faster than today’s spacecraft.“The thing would look like the chip from your cell phone with this very thin gauzy light sail,” said Pete Worden, the former director of NASA’s Ames Research Center, who is leading the project. “It would be something like 10, 12 feet across.”He envisions sending a larger conventional spacecraft containing thousands of nanocraft into orbit, and then launching the nanocraft one by one, he said in an interview.The idea has precedents with mixed results.Two years ago, Cornell University’s KickSat fizzled after the craft carrrying 104 micro-satellites into space failed to release them. The plan was to let the tiny satellites orbit and collect data for a few weeks.Worden acknowledges challenges, including the nanocraft surviving impact on launch. They would then endure 20 years of travel through the punishing environment of interstellar space, with obstacles such as dust collisions.“The problems remaining to be solved – any one of them are showstoppers,” Worden said.Governments likely would not take on the research due to its speculative nature, he said, yet the technology is promising enough to merit pursuing.If the nanocraft reach the star system and succeed in taking photographs, it would take about another four years to transmit them back to Earth.A onetime physics PhD student in Moscow who dropped out to move to the United States in 1990, Milner is one of a handful of technology tycoons devoting time and money to space exploration. He is known for savvy investments, including in social network Facebook Inc and Chinese smartphone company Xiaomi.(Reporting by Sarah McBride; Editing by Tom Brown) Yuri Milner And Stephen Hawking Announce Breakthrough Starshot, A New Space Exploration Initiative. Stephen Hawking Teams With Billionaire Yuri Milner to Find an Earth-Like Planet April 13, 2016last_img read more

Why Everyone Loses With Ubers 100 Million Payout

first_img You call this a solution? Late last week, Uber reached a $100 million deal with its drivers to end two high stakes class action cases. Despite the eye-popping figure, the proposed settlement is a bad outcome for workers, companies, and consumers.The lawsuits, in case you’re unfamiliar, turn on whether Uber broke the law in California and Massachusetts by treating its drivers as independent contractors instead of employees. The cases are among the most visible of numerous lawsuits filed against “gig economy” companies like home cleaning company Handy, and Uber’s ride-hailing competitor, Lyft, over how they classify employees.Last week’s Uber settlement, on its face, sounds appealing and both sides are talking up the benefits. Uber likes the deal because it affirms its contractor-based business model, while a lawyer for the drivers called it a “historic” deal that will deliver cash and better working conditions.But in reality no one wins. Uber just paid through the nose to buy labor peace in California and Massachusetts, and it may have to cut similar deals in other states before long. Meanwhile, as the Wall Street Journal observes, the $100 million Uber settlement provides a template for plaintiffs’ lawyers to go after a slew of other gig economy companies.Oh, and speaking of lawyers, note that the law firm for the drivers stands to make up to $25 million on the Uber cases alone. This is per the settlement documents, which describe a 25 percent commission after a judge approves the deal.While such a take is not unusual for class action cases, it’s a bit rich given that Shannon Liss-Riordan, the lawyer who is the face of the fight for gig economy workers, has long framed these cases as a crusade for employee rights. Now, she is folding her cards in return for a fat fee and promises from Uber that it will make some minor changes to its driver policy.These changes, which include more transparency and the possibility of tips, are better than nothing, but they fail to provide basic benefits — such as workers compensation and Social Security payments — that are rights for any employee. In an email to Fortune, Liss-Riordan explained that the drivers could not have obtained such benefits in court, and that they can still ask state agencies to reclassify them as employees. (She has elsewhere pointed to a recent court ruling to suggest the drivers risked getting nothing if they didn’t settle).Whatever the explanation, the fact remains that drivers gain relatively little (it’s unlikely the more than 350,000 eligible drivers will get more than $200 each). Meanwhile, Uber and other companies can look forward to getting soaked for more expensive legal settlements, the cost of which will get passed on to consumers. A better alternative would be for political leaders, including presidential candidates Hillary Clinton and Donald Trump, to suggest policy options that would provide a social safety net for the growing ranks of gig economy workers.In the meantime, U.S. District Judge Edward Chen should refuse to approve the settlement until it provides real benefits and lower legal fees. Next Article Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals –shares Uber Why Everyone Loses With Uber’s $100 Million Payout Add to Queue 3 min readcenter_img Image credit: Lucy Nicholson — Reuters This story originally appeared on Fortune Magazine April 25, 2016 Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Jeff John Roberts Register Now »last_img read more

Shenzhen Chinas reform pioneer leads tech revolution

first_imgModern skyscrapers housing corporations and ambitious startups tower over Shenzhen, a mega-city of 13 million people But those who have witnessed Shenzhen’s rise marvel at its evolution from hi-tech copycat to creator.Shenzhen is “really nice fertile ground for innovation,” said Duncan Turner, managing director of HAX, an incubator for startups based in the city.”The Chinese government sets up clear plans for innovation in particular sectors that they want to invest in,” Turner said.If a company matches those plans, “you’ve got a nice path for development and onward funding,” he said.Turner, who moved to Shenzhen in 2009, said the biggest change he has see in the past decade is how young people who used to make fakes are “becoming incredibly inventive, entrepreneurial R&D (research and development) experts that are leading the way of technology in certain areas”.Improved higher education has created a new generation of engineers, such as Zhang Zhaohui, chief executive of Youibot, which set up his company in HAX’s incubator to make the first autonomous maintenance robot for buses.”Shenzhen has huge potential,” Zhang, 26, predicted. “The city could very quickly catch up to Silicon Valley.” Explore further China court rejects Apple lawsuit over iPad name Citation: Shenzhen, China’s reform pioneer, leads tech revolution (2018, December 16) retrieved 17 July 2019 from https://phys.org/news/2018-12-shenzhen-china-reform-tech-revolution.html © 2018 AFP “It’s like going from a road to a motorway,” he said.Pointing to the skyscrapers outside his office, he said: “People see Silicon Valley as the tech Mecca. They underestimate Shenzhen a lot because they don’t know what’s happening here.””This place was just sand and water 20 years ago. In 10 years, Shenzhen will be a very important world city. It will be the capital of innovation,” he said.US fearsSome of China’s hi-tech ambitions are running into suspicions about its intentions abroad, with the United States and others fearing that they pose security and espionage risks.Telecommunications equipment giant Huawei’s own global expansion has faced setbacks, with some of its services rejected in certain Western countries and its chief financial officer detained in Canada on a US extradition request over alleged Iran sanctions violations. The metropolis is now seeking to reinvent itself as the home of Chinese innovation, in line with Beijing’s “Made in China 2025″ plan to dominate key hi-tech industries such as robotics, electric vehicles and artificial intelligence.”China is becoming a world leader in this field,” Wu said. “Shenzhen is turning into a meeting point for creative engineers from around the world.”Now talent from abroad is flocking to Shenzhen.Meng Jie, who is French and in his 30s, left California’s Silicon Valley in 2017 to create Maybe, a company that makes smart speakers that help people learn Mandarin.”Silicon Valley is still way ahead in artificial intelligence. But you can find the electronic or mechanical component you need three times faster in Shenzhen,” Meng said. While this economic model used to be “very popular, it is no longer viable today,” he said.He now leads his own electronics firm, MeegoPad, which boasts an annual turnover of $28 million making products such as miniature PCs.”We are now very attached to intellectual property and patents,” Wu said.’Made in China 2025’Shenzhen, which lived off fishing and rice paddies, became a testing ground for Deng’s reforms when it was designated as the country’s first Special Economic Zone in 1980.It grew into a massive manufacturing centre, with factories churning out gadgets, computers and phones for foreign firms, which today include Apple and Samsung. Wu Yebin, 35, runs his own tech firm from his 35th floor office Today Shenzhen is again at the heart of a new policy aimed at turning China into a hi-tech innovator and shed its reputation as an assembly line for foreign companies or—worse—an imitator.Modern skyscrapers housing corporations and ambitious startups tower over the mega-city of 13 million people—among them is Wu Yebin, 35, who runs his own tech firm from his 35th floor office.His own story mirrors those of countless others who have risen from modest backgrounds following the reforms spearheaded by late paramount leader Deng Xiaoping, which the Communist Party ratified on December 18, 1978.The son of poor farmers, Wu arrived in the city in 2005 and over the years he assembled devices similar to Apple’s iPad or MacBook, joining Shenzhen’s army of people making “shanzhai”—creative knock-offs of foreign electronics affordable for local population.”Germany, the United States, Japan, South Korea… All developed countries have done this to develop their manufacturing industry,” Wu said. “You have to do that to gain experience.” Meng Jie, who is French and in his 30s, left California’s Silicon Valley in 2017 to create Maybe, a company that makes smart speakers that help people learn Mandarin The southern city of Shenzhen is the symbol of the transformative reforms launched by China 40 years ago: former fishing villages that morphed into a global manufacturing hub. Shenzhen is “really nice fertile ground for innovation,” said Duncan Turner, managing director of HAX, an incubator for startups based in the city Today China’s own global corporations, such as telecom company Huawei and internet giant Tencent, have made Shenzhen their headquarters and the city of tens of thousands of factories is dubbed the “Silicon Valley of Hardware”. Shenzhen, which lived off fishing and rice paddies, became a testing ground for Deng’s reforms when it was designated as the country’s first Special Economic Zone in 1980 This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

Netflix is in a battle royale with Fortnite in the fight for

first_img Explore further The world’s largest paid online TV network is raising prices by 13 percent to 18 percent, which is the 12-year-old company’s biggest price hike ever. Its most popular monthly service plan will rise to $12.99 from $10.99. The cheapest plan will increase to $8.99 from $7.99, and the premium plan will rise to $15.99 from $13.99.The price increase could have an effect on adding new U.S. subscribers going forward, according to Wedbush Securities analyst Michael Pachter.”We do not expect significant churn given the utility provided by the service to existing subscribers, but attracting new subscribers will likely be more challenging because of the higher prices,” Pachter said.”We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members,” a Netflix spokesperson said in a statement to USA TODAY.As the streaming giant pushes to rely on its TV and film studios to make more of its own content, rather than licensing content, viewers can expect to see new seasons of hit shows like Making a Murderer, House of Cards, The Crown, and Stranger Things.Some of the streamer’s major investments in talent and programming will hit screens small and big in 2019, including series The Umbrella Academy, and Martin Scorsese’s crime drama, The Irishman.The earnings report comes amid growing competition in the streaming space in 2019. AT&T, now the owners of Time Warner’s vast content library (including HBO), plans to launch a streaming offering later this year. As does Disney, which is in the process of acquiring 21st Century Fox’s movie and TV studios.In the company’s earnings interview, Netflix made a surprising move, revealing some of its viewership data.In the wildly popular interactive movie Black Mirror: Bandersnatch, the first choice in the story was a breakfast cereal: Frosties or Sugar Puffs? Netflix revealed that 73 percent of people chose Frosties.Netflix’s Chief Product Officer Greg Peters said that viewers can expect to see more interactive entertainment in the future.”There have been a few false starts on interactive storytelling in the last couple (of) decades. This one has storytellers salivating about the possibilities,” said Netflix’s Chief Content Officer Ted Sarandos. “We’ve got a hunch that it works across all kinds of storytelling. Some of the greatest storytellers in the world are excited to dig into it.”Netflix also said that 80 million member households have watched its thriller starring the actress Sandra Bullock, Bird Box, in its first four weeks.Overall, Netflix said it serves about 100 million hours of video per day, earning an estimated 10 percent of all time spent in front of the TV in the U.S.”One thing this quarter that’s been incredibly exciting is when you see a big number like Bird Box and You,” Sarandos said during Netflix’s earnings interview. “These shows are playing incredibly globally. So it’s an interesting thing when you can tap into the global zeitgeist with something, which gets me very excited about the potential scale of the content business when the world is excited about something.”The Los Gatos, California-based company reported earnings of 30 cents a share, beating analyst estimates of 24 cents a share.Netflix reported net income of $133.9 million, or 30 cents a share, on sales of $4.19 billion. (c)2019 USA TodayDistributed by Tribune Content Agency, LLC. “We compete with (and lose to) Fortnite more than HBO,” Netflix said in a letter to shareholders Thursday as the company reported its quarterly earnings. “There are thousands of competitors in this highly fragmented market vying to entertain consumers.”On the heels of a celebratory third quarter, Netflix’s latest earnings report was met with mixed reviews.Though the streaming giant’s subscription growth beat analyst expectations—Netflix reported 8.8 million new additions compared to the 7.5 million new subscribers that analysts projected—the video streaming company’s shares fell about 3 percent in after-hours trading.Netflix’s global paid subscriber additions also topped its own forecast of 7.6 million.”The fact that investors reacted negatively to what amounted to a strong performance indicates the extent to which Netflix has set a high bar,” said eMarketer media analyst Paul Verna. “The bottom line is that Netflix remains the uncontested leader in the subscription video space.”Thursday’s announcement comes just two days after the streaming media titan flexed its pricing power, phasing in a U.S. subscription price hike over the next three months for existing subscribers. The new prices will become effective immediately for new subscribers.The company reported a total of 393.3 million members worldwide.During the same October-December period last year, Netflix added 6.6 million paying subscribers and 8.3 million total subscribers.The company is projecting it will add 8.9 million new paid customers during the first quarter, which is lower than analysts projected. Netflix expects earnings per share of 56 cents with revenue of $4.49 billion, compared with analyst estimates of 83 cents and $4.61 billion in revenue.Netflix announces only guidance on paid membership subscriptions, rather than the total number of memberships which includes people who may be using a free trial. It said in October that it will stop including end-of-quarter free trial subscriber numbers in its reports. Netflix shares slip as spending weighs on profitscenter_img Even though every other media company seems to be starting a streaming service, Netflix is facing an on-screen challenge from another corner: “Fortnite,” that ultra-popular, multiplatform videogame, appears to be a formidable foe. Citation: Netflix is in a battle royale with Fortnite in the fight for your screen time (2019, January 21) retrieved 17 July 2019 from https://phys.org/news/2019-01-netflix-royale-fortnite-screen.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more