The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Ridgewood NJ, fans of Ridgewood Native Harlan Coben’s suspense-filled thrillers have a reason to celebrate! Netflix has officially announced the release date for its next adaptation of the author’s work. Titled Missing You, the highly anticipated series will debut on January 1, 2025, just in time to kick off the new year with a dose of mystery and drama.
Continue reading Netflix Announces Premiere Date for Harlan Coben’s Missing You
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Ridgewood NJ, New Jersey Governor Phil Murphy has made drawing new industries to the Garden State a key priority, aiming to present New Jersey as a business-friendly environment. The state Economic Development Authority (EDA) has been pivotal in this effort, offering substantial tax incentives to various industries.
Continue reading Attracting New Industry to New Jersey: Successes and Skepticism
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Eatontown NJ, exciting developments are on the horizon for Eatontown, New Jersey, as the state unveiled the comprehensive tax breaks that Netflix will receive upon opening its planned film studio campus in the area. Anticipated to open its doors in 2028, the Netflix production hub at Fort Monmouth is poised to receive substantial incentives from the New Jersey Economic Development Authority (NJEDA), offering a glimpse into the significant economic impact of this venture.
Continue reading New Jersey Reveals Tax Breaks for Netflix’s Film Studio Campus
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Ridgewood NJ, New Jersey’s local film and television industry has expanded with the addition of several new municipalities and counties designated as Film Ready Communities. The New Jersey Motion Picture and Television Commission, under the New Jersey Economic Development Authority, revealed that 14 municipalities and four counties have successfully completed the Film Ready New Jersey Program.
Continue reading More New Jersey Municipalities Go Film Ready
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Ridgewood NJ, Netflix is shutting down its DVD rental service on September 29. Customers can keep any remaining DVDs they have after the service shuts down. Subscribers can potentially receive up to 10 discs for free as Netflix clears out its inventory. Netflix will allow people to sign up to its DVD plan until midnight on August 28 for a chance to win the DVDs.
Continue reading Netflix to Shut Down DVD Rental, Plans to Give Away DVDs
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Ridgewood NJ, while traditional TV, a combination of cable and broadcast networks, still commands the majority share, the trend is clear — streaming’s upward trajectory suggests it’s poised to overtake traditional TV viewing in the coming years.
Continue reading Streaming Poised to Overtake Broadcast and Cable TV in the Coming Years
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Ridgewood NJ , Netflix founder and co-CEO Reed Hastings is stepping down after more than two decades at the company. The company has been planning its next era in leadership for years and appointed Ted Sarandos as co-CEO in 2020. Greg Peters, the company’s current COO, will be promoted to co-CEO. Hastings will remain with Netflix as executive chairman of the board.
Continue reading Netflix Founder and CEO Reed Hasting Steps Down
1,500+ Permanent Jobs and Nearly $1 Billion of Planned Capital Investment in Monmouth County
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Trenton NJ, Netflix announced that the entertainment company will develop a state-of-the-art East Coast production facility on the former Fort Monmouth campus in Monmouth County, transforming a property that has been largely vacant for more than a decade into an economic engine that is estimated to create more than 1,500 permanent production jobs and more than 3,500 construction-related jobs in New Jersey. Netflix plans to commit $848 million in capital investments to develop the more than 292-acre parcel, adjacent to Route 35 in Eatontown and Oceanport, into 12 state-of-the-art soundstages totaling nearly 500,000 square feet of new development, with the remainder of the property slated for redevelopment with supporting film uses and several community amenities.
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Oceanport NJ, Streaming giant Netflix appears to be the top bidder in the race for Fort Monmouth’s Mega Parcel, the single largest property ever put up for sale at the former U.S. Army base.
Continue reading Netflix Wins Bid for Fort Monmouth Mega-Parcel
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Ridgewood NJ, Netflix and chill with advertising, Netflix launches its ad-supported tier in the US for $6.99 a month. The company is currently still in talks with several major studios to finalize licensing agreements. The new tier doesn’t include Netflix’s complete library. Customers will see around four to five minutes of ads per hour of content.
Continue reading Netflix launches its ad-supported tier in the US for $6.99 a month
How Netflix became the number one streaming service in just ten years, with 38 original series, from auteur series like House of Cards and David Fincher’s Mindhunter, a revived sci-fi to witty and straightforward shows about teenagers and puberty.
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Ridgewood NJ, Netflix plans to roll out an ad-supported tier in the final three months of this year. It will also roll out its plan to charge an extra fee for those who want to share accounts around the same time. Netflix’s decision to introduce the ad-supported tier was made due to Hulu and Disney’s success with the model. The company’s stock plummeted 37% after it announced its advertising plan and it has still not recovered.
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Ridgewood NJ, it looks like the the age of Netflix and chill is over. Netflix is, of course, the N company in the super-tech quintet of FAANG titans which includes Facebook, Amazon, Apple, and Google.
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Ridgewood NJ, Netflix is testing out a sub account feature that will allow subscribers to share their service with people outside of their household. Each sub account will have their own login and password and cost less than a full-priced Netflix service. The feature is being trialed in Chile, Costa Rica, and Peru. There have been no announcements about if or when the feature will be rolled out to global subscribers.
Continue reading Netflix to Raise Prices for Account Sharing
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Ridgewood NJ, so much for Netflix and chill. Netflix lost 430,000 subscribers in the US and Canada in the second quarter. It predicted that it would add 3.5 million subscribers in the third quarter, a forecast that was weaker than expected. There are now more than 100 streaming services for consumers to choose from. Netflix is still the largest paid video streaming service, with more than twice the number of subscribers compared to Disney Plus, its closest competitor. It recently hired Mike Verdu, a veteran of the gaming industry, and plans to offer games to subscribers, perhaps they should focus more on the content .
