As reported by Bloomberg, Netflix plans to open a number of brick-and-mortar retail locations, called Netflix House, in 2025. Engadget reports: The stores will sell merchandise based on hit Netflix shows, so you can finally snag that Lincoln Lawyer coffee mug you've always dreamed of. Netflix House establishments will also offer dining and curated live experiences. To the latter point, the two initial locations are going to feature an obstacle course based on Squid Game. This seems to miss the point of the show's brutal satire of modern capitalism, but that's been par for the course since it took the world by storm back in 2021.

Netflix House will also boast rotating art installations based on hit shows and live performances to excite fans. Additionally, the in-house restaurant will serve cuisine and drinks originally featured on the streamer's many unscripted food-based reality shows. The menu will range from fast casual to high-end dining.

The first two locations should open up in the US some time in 2025, though Netflix hasn't said where, with more global outlets to come at a later date. Why the big global push? Josh Simon, the company's vice president of consumer products, told Bloomberg that its customers "love to immerse themselves in the world of our movies and TV shows, and we've been thinking a lot about how we take that to the next level." [...] The company's still finalizing details regarding menus, locations and just about everything else. It has more than a year, after all, to set up shop.

A new survey from investment bank Piper Sandler found that teens in the U.S. consume more videos on YouTube than Netflix. CNBC reports: Teens polled by the bank said they spent 29.1% of their daily video consumption time on Google-owned YouTube, beating out Netflix for the first time at 28.7%. Time on YouTube rose since the spring, adding nearly a percentage point, while Netflix fell more than two percentage points. The data point shows that the streaming business is getting more competitive, and highlights YouTube's strong position as a free provider of online video, especially among young people. "We wonder if this is a push or a pull in regards to the changing consumption habits, as content on YouTube appears to be improving over time and the streaming industry becomes more and more competitive," Piper Sandler analysts wrote.

Sony is bringing its own movie streaming service to PlayStation consoles beginning today. From a report: Previously known as Bravia Core, the service is being rebranded to Sony Pictures Core as it arrives on the PS5 and PS4. "Once you sign up for Sony Pictures Core, you will be able to buy or rent up to 2,000 movies straight from your console," Sony's Evan Stern wrote in a blog post. "At launch, this will include blockbuster hits such as Spider-Man: Across the Spider-Verse, Spider-Man: No Way Home, Uncharted, The Equalizer, No Hard Feelings, Bullet Train, and Ghostbusters: Afterlife, among others."

Now, you can rent or buy those movies in any number of places. If you're wondering why you'd want to use Sony's service, the answer is video fidelity. As noted on the Bravia Core website, it includes what the company calls Pure Stream, "which can stream HDR movies at up to 80Mbps -- similar to 4K UHD Blu-ray -- on a wide range of content." That is a significantly higher bitrate than anything Netflix, Amazon Prime Video, Max, Vudu, or other streamers will give you. So, if you're a stickler for picture quality and have the right TV for it, you should notice greater detail when using Pure Stream. In addition to all that, Sony also claims it has the largest collection of IMAX Enhanced films of any streaming service.

Netflix plans to raise the price of its ad-free service a few months after the continuing Hollywood actors strike ends, the latest in a series of recent price increases by the country's largest streaming platforms. From a report: The streaming service is discussing raising prices in several markets globally, but will likely begin with the U.S. and Canada, according to people familiar with the matter. It couldn't be learned how much Netflix will raise prices by or when exactly the new prices will take effect.

Over the past year or so, the cost of major ad-free streaming services has gone up by about 25%, as entertainment companies look to bring their streaming platforms to profitability and lead price-conscious customers to switch to their cheaper and more-lucrative ad-supported plans. Streamers are also starting to look at how they can create new pricing tiers around exclusive programming, such as live sports, without running the risk of driving people away from their core offerings.

Europe's biggest telecoms companies have called on the EU to compel Big Tech to pay a "fair" contribution for using their networks, the latest stage in a battle for payments that has pitched the sector against companies such as Netflix and Google. From a report: Technology companies that "benefit most" from telecoms infrastructure and drive traffic growth should contribute more to costs, according to the chief executives of 20 groups including BT, Deutsche Telekom and Telefonica, who signed an open letter seen by the Financial Times. It will be sent to the European Commission and members of the European parliament. "Future investments are under serious pressure and regulatory action is needed to secure them," they warned. "A fair and proportionate contribution from the largest traffic generators towards the costs of network infrastructure should form the basis of a new approach."

They added that regulators need to take action to help secure future investment, with telecoms groups having to spend billions to support the rollout of 5G and upgrade to full-fibre networks. Signatories included Timotheus Hottges at Deutsche Telekom, Christel Heydemann at Orange, Jose Mara Alvarez-Pallete at Telefonica and Pietro Labriola at Telecom Italia. It was also supported by outgoing BT chief executive Philip Jansen, his successor Allison Kirkby, who is currently chief executive at Telia, as well as Vodafone's chief executive Margherita Della Valle. They suggested that a payment mechanism might only make demands on "the very largest traffic generators" with a focus on "accountability and transparency on contributions...so that operators invest directly into Europe's digital infrastructure."

It's official: Netflix has shipped its last DVD. "For 25 years, we redefined how people watched films and series at home, and shared the excitement as they opened their mailboxes to our iconic red envelopes," says Netflix in a blog post. "It's the end of an era, but the DVD business built our foundation for the years to come -- giving members unprecedented choice and control, a wide variety of titles to choose from and the freedom to watch as much as they want."

Netflix announced the shut down of its DVD business in April. Here's an infographic the company shared in its post:

Starting on November 1st, Disney Plus will begin restricting password sharing in Canada. The Verge reports: Disney has not provided many details on how it plans to enforce this policy -- its email merely states that "we're implementing restrictions on your ability to share your account or login credentials outside of your household." The announcement reads more like a strong finger wag than anything else. "You may not share your subscription outside of your household," reads the company's updated Help Center.

A new "account sharing" section in the Canadian subscriber agreement also notes that the company may "analyze the use of your account" and that failing to comply with the agreement could lead to account limits or termination. After Netflix started cracking down on password sharing in the U.S., it resulted in the "four single largest days of U.S. user sign-ups since January 2019," according to Variety. The streaming giant later went on to add 2.6 million U.S. subscribers in July.

"After several long consecutive days of negotiations, the Writers Guild of America and the labor group representing studios and streamers have reached a tentative deal on a new contract," according to the Hollywood Reporter.

"We can say, with great pride, that this deal is exceptional," the Guild's negotiating committee told its members in an email, "with meaningful gains and protections for writers in every sector of the membership." The Hollywood Reporter calls the news "a major development that could precipitate the end of a historic, 146-day writers' strike."

Details from the Los Angeles Times: The proposed three-year contract, which would still have to be ratified by the union's 11,500 members, would boost pay rates and residual payments for streaming shows and impose new rules surrounding the use of artificial intelligence...

With the tentative pact with the WGA done, entertainment company leaders are expected to turn their attention to the 160,000-member performers union, SAG-AFTRA, to accelerate those stalled talks in an effort to get the industry back to work. Actors have been on strike since mid-July...

The writers' strike was, in many ways, a response to the tectonic changes wrought by streaming. Shorter seasons for streaming shows and fewer writers being hired have cut into guild members' pay and job stability, making it harder to earn a sustainable living in the expensive media hubs of Los Angeles and New York, guild members have said.

The studios came into negotiations with their own set of challenges. The pay-TV business is in decline because of cable cord-cutting and falling TV ratings, which have eroded vital sources of revenue. At the same time, the traditional companies have spent massively to launch robust streaming services to compete with Netflix, losing billions of dollars in the process.

An anonymous reader shared this report from the New York Times' media reporter: In a nondescript office park minutes from Disneyland sits a nondescript warehouse. Inside this nameless, faceless building, an era is ending.

The building is a Netflix DVD distribution plant. Once a bustling ecosystem that processed 1.2 million DVDs a week, employed 50 people and generated millions of dollars in revenue, it now has just six employees left to sift through the metallic discs. And even that will cease on Friday, when Netflix officially shuts the door on its origin story and stops mailing out its trademark red envelopes. "It's sad when you get to the end, because it's been a big part of all of our lives for so long," Hank Breeggemann, the general manager of Netflix's DVD division, said in an interview. "But everything runs its cycle. We had a great 25-year run and changed the entertainment industry, the way people viewed movies at home."

When Netflix began mailing DVDs in 1998 — the first movie shipped was "Beetlejuice" — no one in Hollywood expected the company to eventually upend the entire entertainment industry... At its height, Netflix was the Postal Service's fifth-largest customer, operating 58 shipping facilities and 128 shuttle locations that allowed Netflix to serve 98.5 percent of its customer base with one-day delivery...

Netflix's DVD operations still serve around one million customers, many of them very loyal... To ease the backlash, Netflix is allowing its DVD customers to hold on to their final rentals.
"One hundred people at Netflix still work on the DVD side of the business, though most will soon be leaving the company."

An anonymous reader shares a report: The Streaming Era began with a promise of nurturing shows without fear of ratings pressure and quick cancellations. Of course, that was a lark. Soon enough, the streamers began slashing shows as quickly and brutally as any Nielsen-obsessed broadcaster, and they were all flooded with same complaint: "The streamers just cancel everything! Nothing gets more than a season anymore!" How true is that really? After all, the streamers are looking for hit shows, just like traditional networks. If a show gets high viewership relative to the cost of producing it, it gets renewed. Otherwise, it is canceled. That is how it has worked since the days of black-and-white TV.

To get to the heart of the matter, Variety Intelligence Platform (VIP+) and Luminate collaborated on a data exploration to determine how often the leading U.S.-based streaming and linear programmers have canceled series TV series over the past three years. The new report, "The Show Must Go Off," is an exhaustive statistical analysis that aims to settle one of the most hotly contested debates in the TV industry. The data covered all shows (scripted and unscripted) canceled between 2020 and Aug. 8, 2023. The major streamers (Netflix, Hulu, Disney+, Amazon Prime Video, Max, Apple TV+, Peacock, Paramount+) overall had a combined average cancellation rate of 12.2% -- not much higher than linear TV (10.8%), but less than half of broadcast TV alone over that period. Warner Bros. Discovery-owned Max (formerly HBO Max) was by far the most brutal when it comes to cancelling shows, coming in at 26.9%.

Sony is rolling out a big new PS5 update today, just over a month after it first started testing the changes in a beta. From a report: The update adds Dolby Atmos, lets you mute that annoying bootup beep, and even supports pairing a second controller as an assist one to let you help friends or family complete a game. Sony is also expanding its PS Remote Play app to Google's Chromecast with Google TV (4K), allowing you to stream games from a PS5 or PS4 to Android TV OS 12 devices. The Dolby Atmos support comes in the form of Sony's 3D Audio implementation (Tempest 3D AudioTech). It's compatible with Dolby Atmos devices like sound bars, TVs, or home theater systems. Media apps like Netflix can also update their apps on PS5 soon to support Dolby Atmos audio.

You can now mute the PS5 beep sound that chirps when you turn the console on or off, or even when it goes into rest mode after being idle. If you just want to adjust the volume of the beep there's now an option for that, too. One of the most useful additions is the ability to use a second DualSense controller for assistance. "You can now assign a second controller to one account as an assist controller, and use two controllers to operate your PS5 console as if you were using a single controller," explains Hideaki Nishino, senior vice president of platform experience at Sony Interactive Entertainment. "This feature introduces a new way for you to enjoy games collaboratively with others or help a friend or child navigate a particularly challenging section of a game."

According to research firm Antenna, Netflix had 2.6 million gross subscriber additions in July. "The company also saw the highest percentage of new sign-ups going to its advertising tier since the $7-a-month offering hit the market last November," reports Deadline. "About 23% of new subscribers opted for the ad tier, a gain of four percentage points over June levels." From the report: The overall July gains represented a 26% downturn from June's record-breaking numbers, but they still show momentum stretching back to the May 23 introduction of paid password sharing in the U.S. From May 24 to 27, Netflix had its four biggest single days of sign-ups in the four-and-a-half years since Antenna has began tracking its subscribers, outpacing even the 2020 Covid boom.

The new password scheme followed last fall's debut of the cheaper, ad-supported subscription tier, with the combination of the two providing a potent boost. In the second quarter ending June 30, the company reported that it doubled projections by adding 5.9 million subscribers, reaching 238.3 million worldwide.

The number of titles on streaming services jumped 39% over the past two years to 2.35 million, according to a report released Monday by market researcher Nielsen. From a report: Add in traditional broadcast and cable channels and the number of individual viewing options climbed to 2.7 million. The figures reflect movies and shows available in the US, Canada, the UK, Mexico and Germany. Netflix and Disney+ are among 167 streaming providers, up from 118 two years ago. The average time it takes someone to find something to watch has risen to more than 10 minutes from a little over seven minutes in 2019, Nielsen said.

An anonymous reader shares a column: You can still do a clean install of Windows, and it's arguably easier than ever, with official Microsoft-sanctioned install media easily accessible and Windows Update capable of grabbing most of the drivers that most computers need for basic functionality. The problem is that a "clean install" doesn't feel as clean as it used to, and unfortunately for us, it's an inside job -- it's Microsoft, not third parties, that is primarily responsible for the pile of unwanted software and services you need to decline or clear away every time you do a new Windows install.

The "out-of-box experience" (OOBE, in Microsoft parlance) for Windows 7 walked users through the process of creating a local user account, naming their computer, entering a product key, creating a "Homegroup" (a since-discontinued local file- and media-sharing mechanism), and determining how Windows Update worked. Once Windows booted to the desktop, you'd find apps like Internet Explorer and the typical in-box Windows apps (Notepad, Paint, Calculator, Media Player, Wordpad, and a few other things) installed. Keeping that baseline in mind, here's everything that happens during the OOBE stage in a clean install of Windows 11 22H2 (either Home or Pro) if you don't have active Microsoft 365/OneDrive/Game Pass subscriptions tied to your Microsoft account:

(Mostly) mandatory Microsoft account sign-in.
Setup screen asking you about data collection and telemetry settings.
A (skippable) screen asking you to "customize your experience."
A prompt to pair your phone with your PC.
A Microsoft 365 trial offer.
A 100GB OneDrive offer.
A $1 introductory PC Game Pass offer.

This process is annoying enough the first time, but at some point down the line, you'll also be offered what Microsoft calls the "second chance out-of-box experience," or SCOOBE (not a joke), which will try to get you to do all of this stuff again if you skipped some of it the first time. This also doesn't account for the numerous one-off post-install notification messages you'll see on the desktop for OneDrive and Microsoft 365. (And it's not just new installs; I have seen these notifications appear on systems that have been running for months even if they're not signed in to a Microsoft account, so no one is safe). And the Windows desktop, taskbar, and Start menu are no longer the pristine places they once were. Due to the Microsoft Store, you'll find several third-party apps taking up a ton of space in your Start menu by default, even if they aren't technically downloaded and installed until you run them for the first time. Spotify, Disney+, Prime Video, Netflix, and Facebook Messenger all need to be removed if you don't want them (this list can vary a bit over time).

Netflix's 25-year-old delivery service for DVDs (in red envelopes) will go dark on September 29th. But that delivery service's final remaining customers can opt-in "to potentially receive up to 10 extra discs," reports NPR. "Let's have some fun for our finale!" says an email from the company. (Though Business Insider points out that "Customers won't know what movies they'll get; the films will be chosen from what's in their queue.")

NPR notes there's an even bigger mystery: Netflix's promotional email doesn't explicitly tell customers what to do with those discs. This is causing confusion among customers, and debate among the members of online communities like Reddit... A Netflix spokesperson told NPR the company is indeed expecting to get those discs back, and plans to release more specifics about winding down its DVD business in a month or so.

Attorney Lindsay Spiller of the San Francisco entertainment and business law firm Spiller Law said Netflix couldn't give the DVDs away even if it wanted to. "The filmmakers and property rights owners give Netflix a license, and then they can sub-license it to their subscribers," Spiller said. "But they can't give anybody ownership. They don't have it themselves."
At its peak, the service had 40 million subscribers, reports Today. (They add that the first DVD Netflix ever shipped was Beetlejuice — and the most-shipped DVD ever was The Blind Side.)

A quarter of a century later, Netflix "has sent out more than 5 billion DVDs to customers since launching in 1998," NPR notes. "The discs are not easily recyclable. Most of them end up in landfill."

A very short, very wild history of the market that will shape the next financial crisis. Financial Times: Bonds have long been considered the most boring bit of finance. They occasionally crop up in literature, almost always as a signifier of dreariness. The Great Gatsby's narrator Nick Carraway was a bond salesman and Sherman McCoy in Tom Wolfe's The Bonfire of the Vanities traded them. Bonds have never figured in the popular imagination in the same way as stocks, say, or corporate M&A. There has never been a "meme bond." Ian Fleming chose the name Bond for his spy because he thought it was "the dullest name I've ever heard."

Even so, they have played an integral role in the development of human society, from subsistence farming to the modern era, funding everything from wars and railways to Tesla's electric cars and Netflix. "The bond market is the most important market in the world," says Ray Dalio, the founder of the world's largest hedge fund, Bridgewater. "It is the backbone of all other markets." While the bond market has become larger and more powerful, the importance of banks -- historically the workhorses of the capitalist system -- is subtly fading. The global bond market was worth about $141tn at the end of 2022. That is, for now, smaller than the $183tn that the Financial Stability Board estimates banks hold globally, but much of the latter is actually invested in bonds -- a fact that some US banks have recently rued.

Powered by shows like "Suits" on Netflix, streaming's share of U.S. viewing time grew to a new high in July, while television viewing fell below 50% for the first time, according to new Nielsen data. From a report: The milestone is the latest sign of the rapid erosion of the cable-TV bundle, which has lost about a quarter of its subscribers over the past decade, as more Americans cut the cord in favor of streaming services like Netflix, Google's YouTube and Disney's Hulu. Cable television accounted for 29.6% of total U.S. viewing time in July, while broadcast attracted 20%, Nielsen said in a release published Tuesday.

Streaming services, meanwhile, captured 38.7% of Americans' viewing time, while a category labeled "Other" -- which Nielsen says includes usage such as DVD playback and gaming -- accounted for the remaining 11.6%. The growth of streaming platforms at the expense of cable and broadcast TV networks has accelerated in recent years, as most entertainment conglomerates introduced their own direct-to-consumer services to take on industry leader Netflix. As they sought to rapidly grow their subscriber bases, many of them chose to make their highest-profile and costliest content available exclusively on streaming. While original content helps reel in subscribers and build streaming brands, the most-watched programs are sometimes older TV shows. Last month, the show Americans spent the most time watching was "Suits," a legal drama starring Meghan Markle made for cable TV that made its debut more than a decade ago.

Netflix is officially bringing its games to more devices. So far, the company's impressive library of games has only been available on iOS and Android. Now, though, Netflix is starting to use its streaming tech to publicly test its titles on TVs and computers. From a report: "Our goal has always been to have a game for everyone, and we are working hard to meet members where they are with an accessible, smooth and ubiquitous service," Mike Verdu, Netflix's vice-president of games, wrote in a blog post. "Today, we're taking the first step in making games playable on every device where our members enjoy Netflix." The test appears to be very limited for now. Just two games will be available at the outset: Oxenfree. The beta is only open to a small number of Netflix subscribers in the UK and Canada on Amazon Fire TV streaming media players, Chromecast with Google TV, LG TVs, NVIDIA Shield TV, Roku devices and TVs, Samsung smart TVs and Walmart ONN. The company will add support for more devices later.

You're either a subtitles person or you're not. But increasingly, people are. From a report: Preply followed up on its subtitle-use survey of Americans from 2022 and found a 5% rise, to 58%, in how many people use captioning more than they used to. Now, just over half (51%) of those surveyed say they use subtitles most of the time. If you're thinking this habit could be the purview of older folks who are having a hard time hearing -- well, 96% of Gen Z survey respondents said they impose words over what they're watching.

Netflix watchers are using captioning the most; 52% of survey respondents say they turn the feature on while they're watching. Subtitles help 81% of people better comprehend what they're watching. A significant part of the time (70%), people use subtitles to understand foreign accents, particularly if a speaker is Scottish, which poses a problem for Outlander fans. Preply found that Americans have a hard time understanding their own language when someone has a Scottish accent (47%), an Irish accent (20%), a British accent (13%), a South African accent (12%), an Australian accent (5%), and even a Southern US accent (3%). So those who watching Derry Girls, Downton Abbey, and Ozark are adjusting their settings to follow along.

Disney is raising prices on almost all of its streaming offerings as it looks to accelerate profitability for the business. CNBC reports: Commercial-free Disney+ will cost $13.99 per month, a 27% increase, beginning Oct. 12. Disney+ with ads will remain $7.99 per month. Disney will also expand its ad-tier offering to select markets in Europe and in Canada beginning Nov. 1. Disney is increasing the price of Hulu without ads to $17.99 per month, a 20% price hike. Hulu with ads will also stay the same price, at $7.99 per month. The decision to price Disney+ nearly as high as commercial-free Netflix and Max, and charge even more for Hulu, signals Disney believes its content library can compete with both of those services.

Disney is now betting consumers will pay more for its streaming services even as the Hollywood writers and actors strikes threaten its content pipeline in the coming months. For consumers who want both Disney+ and Hulu without commercials, they can pay $19.99 per month in a new "premium duo" offering -- a $12 per month savings. The Disney+ and Hulu bundle with ads will not change from its $9.99 per month price. Disney also increased the price of its bundle of Disney+ (no ads), Hulu (no ads) and ESPN+ (with ads) to $24.99 per month from $19.99 per month. The bundle of all three products with commercials will be $14.99 per month, an increase of $2 per month. Disney is also increasing the price of Hulu + Live TV with ads to $76.99 from $69.99 per month. The commercial-free Hulu + Live TV will jump to $89.99 per month from $82.99 per month.