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Netflix reports 45% increase in profit for Q2
Netflix reports 45% increase in profit for Q2

UPI

time6 days ago

  • Business
  • UPI

Netflix reports 45% increase in profit for Q2

CEO of Netflix Ted Sarandos attends the premiere of "Good Grief" at the Egyptian Theatre in Los Angeles in 2023. Netflix reported its Q2 profits are up beyond market expectations. File Photo by Allison Dinner/EPA July 17 (UPI) -- For its second quarter this year, Netflix reported total revenues of $11.08 billion, with an operating income of $3.8 billion and margin of 34.1%, which are way up from last year and beyond market estimates. Netflix isn't releasing subscriber figures, choosing instead to focus on revenue. It's trying out new revenue models, including advertising. New price increases with slow customer turnover are what likely caused the strong margins, according to the Hollywood Reporter. Earnings in the United States and Canada grew by 15%, a boost from 9% in Q1. Forecasted revenue for Q3 is $11.5 billion in revenue, $3.6 billion in operating income, and operating margins of 31.5%. Netflix said in May that its ad tier surpassed 94 million monthly subscribers. This tier has more than 50% of the company's new signups. It raised the price of the ad tier for the first time in January to $7.99 a month. The company expects to double its ad revenue in 2025. "We believe our ad tech platform is foundational to our long-term ads strategy and, over time, will enable us to offer better measurement, enhanced targeting, innovative ad formats and expanded programmatic capabilities," the company said in its quarterly shareholder letter. The company also shared its Engagement Report, which listed what members watched so far this year. It said people watched more than 95 billion hours of Netflix, watching a wide range of genres and languages. Netflix original shows such as Orange Is the New Black, Ozark and Money Heist all had more than 100 million hours viewed. Movies such as Red Notice, Leo and We Can Be Heroes each had more than 20 million views. "Watchtime -- or engagement -- is our best indicator of member happiness," the company said. "When people watch more, they stick around longer and recommend Netflix to others." Company CEO Ted Sarandos said on Netflix's quarterly earnings call: "Look, we want to be in business with the best creatives on the planet, regardless where they come from. Some of them are here in Hollywood. Others are in Korea, some are in India, and some are creators that distribute only on social media platforms, and most of them have not yet been discovered."

Virgin River makes history with season 8 renewal
Virgin River makes history with season 8 renewal

Express Tribune

time11-07-2025

  • Entertainment
  • Express Tribune

Virgin River makes history with season 8 renewal

Netflix has officially renewed Virgin River for season 8, making it the longest-running original scripted series still in production on the platform. The announcement comes just days after production wrapped on season 7, which had been filming in British Columbia from March to June 2025. With this early renewal, Virgin River surpasses both Grace and Frankie and Orange Is the New Black, which each concluded after seven seasons. The series is now expected to reach 84 episodes by the end of season 8. Season 8 will consist of 10 episodes, continuing the show's established format. While season 7 is expected to premiere in late 2025 or early 2026, filming details and release timing for season 8 have yet to be confirmed. Showrunner Patrick Sean Smith previously teased the possibility of spin-offs and universe expansion, including a backdoor pilot focused on younger versions of Mel's parents. The creative team has expressed enthusiasm for extending the story beyond the current characters and arcs. Actor Tim Matheson, who plays Doc, noted Netflix's support and the show's modest budget as key reasons for its longevity, stating that the series could 'go on and on.' Virgin River premiered on Netflix in 2019 and has maintained strong audience numbers through its blend of small-town drama and romance. Its steady performance and cost-effective production have positioned it as a long-term success story within Netflix's original programming lineup. Season 8's renewal secures Virgin River's place in Netflix history, solidifying its legacy as a flagship drama on the platform.

'This is the beginning': Bradley Cooper's documentary unites celebrity caregivers
'This is the beginning': Bradley Cooper's documentary unites celebrity caregivers

USA Today

time13-06-2025

  • Entertainment
  • USA Today

'This is the beginning': Bradley Cooper's documentary unites celebrity caregivers

'This is the beginning': Bradley Cooper's documentary unites celebrity caregivers Show Caption Hide Caption Bradley Cooper new documentary sheds light on caregiving crisis A new documentary, "Caregiving," executive produced by Oscar-nominated actor Bradley Cooper, will explore the hidden struggles of caregivers. unbranded - Entertainment NEW YORK – Bradley Cooper has a call to action: Everyone needs to start talking about the caregiving crisis and how to solve it. The Academy Award-nominated actor said as much at a screening for his new documentary, "Caregiving." "This is the beginning," he said. "You know, it actually starts now." Cooper attended the event with his daughter, Lea, who wore a white dress and pink flowers in her hair. And some of Hollywood's most well-known family caregivers joined on Thursday, June 12, at the United Nations headquarters to celebrate Cooper's latest project. In attendance were Emmy Award-winning "Orange Is the New Black" actress Uzo Aduba; Bruce Willis' wife, Emma Heming Willis, who is launching a book in September, "The Unexpected Journey," about her caregiving experience; and "20/20" coanchor Deborah Roberts, who moderated a panel at the event while her husband, the "Today" show's Al Roker, snapped photos from the audience. (Roberts has cared for Roker through several surgeries over the years, including after his prostate cancer diagnosis in 2020.) Former President Jimmy Carter's grandson, Josh Carter, was also there with his family. More: His sick wife asked him to kill her. He could never, but he can't shake the haunting memories. A clip from the documentary (premiering June 24 on PBS at 9 p.m. ET), which features caregivers from across the country, screened Thursday for about 200 guests. "This is the beginning," Cooper said, adding he hopes the film sparks a national conversation about the care crisis. "Obviously, the ultimate goal is to actually create a system where people can be taken care of in other ways," Cooper said. For now, by telling his own story and amplifying the voices of caregivers everywhere, the documentary aims to build community. "Just so we don't feel alone," Cooper said. The caregiving crisis is real. USA TODAY wants to hear from you about how to solve it. It's working. "For so long it's felt like it's our family against the world," said Kristin Denning, 34, a caregiver who was at the event. Denning lives in Georgia and helps care for her mother, who has amyotrophic lateral sclerosis, also known as ALS or Lou Gehrig's disease. Denning said her father is her mother's primary caregiver. "And to be here with other people and to hear stories very similar to our own, it's so important to me that we're not alone in feeling these things." Bradley Cooper, Uzo Aduba say they didn't realize they were caregivers at the time Cooper said he only realized he was a caregiver for his father in retrospect. Aduba echoed the sentiment with her story about caring for her mother. "There's a large, wide net of people who are walking through the same experience and having this invisible work be part of their day-to-day experience, with nowhere or few places where they get to feel as though their voice and experience are heard," Aduba said. It's a common refrain from family caregivers, that they didn't know they were part of the caregiving community until later. Matthew Cauli, who continues to share his journey of caring for his sick wife and young son on social media, said the same thing. He had to quit his job when his wife had two strokes and was diagnosed with ovarian cancer during the height of the COVID-19 pandemic. "I still haven't wrapped my head around it," he said. Financial, emotional tolls of caregiving can be all-consuming Chris Durrance, who directed the "Caregiving" documentary, said caregiving is "perhaps one of the great untold stories of the country today." Financial stress and emotional stress are some of the most pressing issues for caregivers, said Ai-jen Poo, executive director and board secretary for Caring Across Generations. Tarek Rabah, president and CEO of Otsuka North America Pharmaceutical Business, one of the underwriters for the film, understands the emotional toll. His parents are in Lebanon, he said, and it's hard being so far away from them even though he feels "super blessed" that they have an in-home caregiver. Still, Rabah said he "dreads the moment" he gets a call that something has gone wrong. "It's always in the back of my mind," he said. For Cauli, the daily stress can be all-consuming and he's been struggling to make ends meet. Between taking care of his wife and his son, Cauli said, he could never go back to a traditional 9-to-5 job. During the panel, Roberts asked Cauli how he takes care of himself, too. Cauli shook his head and threw up his hands, shrugging. The rest of the room gave knowing nods and chuckled in empathy. Cauli found his answer in the woman sitting in the audience who continues to regain her strength and relearn skills five years after her strokes changed their lives forever. It might be a cheesy answer, he said, but it's true. "Seeing my wife progress." Madeline Mitchell's role covering women and the caregiving economy at USA TODAY is supported by a partnership with Pivotal Ventures and Journalism Funding Partners. Funders do not provide editorial input. Reach Madeline at memitchell@ and @maddiemitch_ on X.

Jason Biggs recalls snorting cocaine from stranger's trash at 4 a.m. during addiction battle: 'Absolutely insane'
Jason Biggs recalls snorting cocaine from stranger's trash at 4 a.m. during addiction battle: 'Absolutely insane'

Yahoo

time09-06-2025

  • Entertainment
  • Yahoo

Jason Biggs recalls snorting cocaine from stranger's trash at 4 a.m. during addiction battle: 'Absolutely insane'

Jason Biggs is getting candid about hitting an all-time low when he wanted to get high. The actor, who shot to fame at 19 as the star of the 1999 comedy American Pie, recently opened up about the darkest days of his battle with addiction, sharing one of the "craziest stories" from his 20s. "I was doing cocaine by myself in my house, and I did what I said was the last line," Biggs told Arielle Lorre on a new episode of her Well podcast. He explained that it was 4 a.m. at the time and his wife, Jenny Mollen, was asleep upstairs and had no idea that he was using drugs, so in an effort to get himself back to bed, he threw the baggie of cocaine into their trash can. "Within 15 minutes, as soon as my last bump is wearing off, I'm like, 'What am I doing?'" he recalled. "I go into my trash and I take it out and I do a line." In another attempt to stop himself, he then went outside and tossed the rest of the cocaine into the trash can in front of their house. "'Okay, I'm done,'" he recalled telling himself, saying he went inside to take an Ambien to help him get to sleep. But he wasn't finished. "Before I took the Ambien, I was like, 'One more,'" he said. "I went outside and I climbed into the trash bin and got the bag of coke and went upstairs and did another line." Again, Biggs said he came to his senses. "I was like, 'What the f--- am I doing? This is absolutely insane.'" The early-morning binge only escalated from there. Biggs said he then got in his car, drove down Sunset Boulevard, dug in another stranger's trash can, found a Starbucks coffee cup, put the baggie of cocaine in it, and tossed it back into the trash. But he still couldn't stop himself. He drove back to the trash can, retrieved the baggie of drugs from the coffee cup, and snorted another line. "I could have easily opened the baggie and dumped it down the toilet, but I didn't," Biggs said on the podcast. "That's too final. I knew I was going to finish that bag the moment I got it, but I kept playing this game with myself. That was very close to rock bottom." Noting that he has since come a long way, the Orange Is the New Black alum credited his move from Los Angeles to New York with helping him get clean. "There's something about the energy of New York that gives me something, that fills me in a way that Los Angeles couldn't," he explained. "I do believe coming to New York helped me. So, I did fall off the wagon here, but that was seven and a half years ago, and it's been going well."Biggs has been sober since 2017, the same year he and Mollen welcomed their second son. A year later, Biggs reflected on his anniversary of sobriety. "I first tried to get sober over five years ago, when the weight of my obsession with booze and drugs became too heavy for me to handle," he wrote in a 2018 Instagram post. "Turns out this s--- is hard. After some fits and starts, I've managed to put together one year of sobriety. I'm as proud of it as anything in my life." "If you're struggling, know there's help," he added. "Don't be ashamed. We can do this." Watch Biggs discuss his sobriety and mental health in the Well episode above. Read the original article on Entertainment Weekly

Jason Biggs Recalls Climbing Into Trash Can at 4 A.M. to Snort Cocaine amid Addiction: ‘Absolutely Insane'
Jason Biggs Recalls Climbing Into Trash Can at 4 A.M. to Snort Cocaine amid Addiction: ‘Absolutely Insane'

Yahoo

time07-06-2025

  • Entertainment
  • Yahoo

Jason Biggs Recalls Climbing Into Trash Can at 4 A.M. to Snort Cocaine amid Addiction: ‘Absolutely Insane'

Jason Biggs opened up about his struggle with drugs and alcohol during the height of his career while living in Los Angeles The American Pie star recalled climbing into the trash can to retrieve cocaine he had already thrown away He said he was able to get his health on track after moving to New York, and has been sober since 2017Jason Biggs is sharing one of his 'craziest stories' with addiction, and the moment he climbed into a trash can to snort cocaine. The 47-year-old actor appeared on the June 4 episode of the Well with Arielle Lorre podcast and opened up about the height of his drug and alcohol addiction. Following the success of American Pie early in his career, Biggs said that with fame, he 'learned very quickly' how rare it was for people to say no to him while he was living in Los Angeles, which escalated his substance abuse. 'Being 22 with money in the bank and coke in my pocket and no one saying no to me,' he said. Biggs told Lorre that when he met and married his wife Jenny Mollen, he was using drugs and drinking alcohol much more than she knew. He was 'blocking everything out with drugs and alcohol… and it just got worse and worse.' The Orange Is the New Black actor then recalled one of the lowest points of his addiction. 'I lived in the gray area, but I have 'snorting dust off the floor' stories or similar to that,' he began. 'One of my craziest stories was, I was doing cocaine by myself in my house, and I did what I said was the last line.' Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories. Biggs said it was 4 a.m. and Mollen was asleep. In an attempt to stop himself and go back to bed, he threw the drugs into the trash can. 'Within 15 minutes, as soon as my last bump is wearing off, I'm like, what am I doing? I go into my trash, and I take it out and I do a line,' he said. In another attempt to stop, Biggs said he went outside and put the rest of the cocaine into the trash can in front of their house. 'OK, I'm done,' he told himself before going back inside and grabbing an Ambien to help him sleep. 'Before I took the Ambien, I was like, 'One more,'' he said. 'I went outside and I climbed into the trash bin and got the bag of coke and went upstairs and did another line. I was like, 'What the f— am I doing? This is absolutely insane.'' is now available in the Apple App Store! Download it now for the most binge-worthy celeb content, exclusive video clips, astrology updates and more! Biggs said that he constantly struggled with sobriety while living in Los Angeles. 'I would find myself alone and isolating and I would find myself breaking whatever sobriety I had. It was incredibly fragile, obviously, in those early days,' he said. Biggs explained that despite having met some great people in L.A., living there wasn't good for his health, and the environment made his drinking worse. He said moving to New York was life-changing and a 'healthier place' for him to get his life on track. 'There's something about the energy of New York that gives me something, that fills me in a way that Los Angeles couldn't. But I do believe coming to New York helped me. So, I did fall off the wagon here, but that was seven and a half years ago and it's been going well." Biggs has been sober since 2017 and shared his first anniversary of sobriety on Instagram in October 2018. 'I first tried to get sober over 5 years ago, when the weight of my obsession with booze and drugs became too heavy for me to handle,' he wrote alongside a photo of a silver coin that read, 'To thine own self be true' and has the engraved words 'unity, service, recovery.' 'Turns out this s--- is hard,' he said at the time. 'After some fits and starts, I've managed to put together one year of sobriety. I'm as proud of it as anything in my life.' Biggs concluded by encouraging those who are also battling addiction not to give up. 'If you're struggling, know there's help,' the star wrote. 'Don't be ashamed. We can do this. 💪🙏.' If you or someone you know is struggling with substance abuse, please contact the SAMHSA helpline at 1-800-662-HELP. Read the original article on People

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