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New Jersey Reveals Tax Breaks for Netflix’s Film Studio Campus

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the staff of the Ridgewood blog

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.

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More New Jersey Municipalities Go Film Ready

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the staff of the Ridgewood blog

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.

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Netflix to Shut Down DVD Rental, Plans to Give Away DVDs

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the staff of the Ridgewood blog

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.

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Streaming Poised to Overtake Broadcast and Cable TV in the Coming Years

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the staff of the Ridgewood blog

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.

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Netflix Founder and CEO Reed Hasting Steps Down

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the staff of the Ridgewood blog

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.

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Netflix Announces Plans to Build State-of-the-Art East Coast Production Facility at Fort Monmouth

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1,500+ Permanent Jobs and Nearly $1 Billion of Planned Capital Investment in Monmouth County

the staff of the Ridgewood blog

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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Netflix Wins Bid for Fort Monmouth Mega-Parcel

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the staff of the Ridgewood blog

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.

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Netflix launches its ad-supported tier in the US for $6.99 a month

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the staff of the Ridgewood blog

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.

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The Reasons for Netflix’s popularity

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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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Netflix to Add Ads by Year End

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the staff of the Ridgewood blog

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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Latest Numbers have Netflix Bleeding Subscribers in US and Canada

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the staff of the Ridgewood blog

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 .

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Netflix Begins Crack Down on Password Sharing

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the staff of the Ridgewood

Ridgewood NJ, you may have noticed that it might be a bit harder to “borrow” someone’s password for a Netflix account.

Some password sharers received a  prompt, telling customers  that “If you don’t live with the owner of this account, you need your own account to keep watching.” In order to continue, they need to verify the account with a E-mail or Text Code, or create a new account with a 30-Day Free Trial.

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Netflix Warns of Highly Sophisticated Phishing Scam

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November 11,2017

the staff of the Ridgewood blog

Ridgewood NJ, If you get an email from Netflix telling you that your account is suspended due to a problem validating your credit card, don’t believe it.

It’s most likely a very sophisticated phishing scam that first made its appearance this year and has since gone out to tens of millions of people.

Wired reports that the cybercriminals behind the scam have continued to send it out with almost no alterations, a likely sign that it’s proving effective as a way to fool people into revealing their Netflix username and password, and even credit card numbers, home address, and date of birth, which they can sell this data on the dark web.

This phishing scheme is good enough to fool even the most sophisticated users. For instance, Netflix always advises users that “Netflix will never ask for any personal information to be sent to us over email.” That may be a great safety tip, but it won’t help you here because this scheme doesn’t do that. Instead, it asks users to click on an official-looking link to “Restart your membership.”

Click on the link and it will take you to what looks for all the world like a Netflix page there are even a still from the hit Netflix series The Crown in the background. The page prompts you to log in, or sign in with Facebook. If you do, of course, the hackers now have your Netflix (and maybe Facebook) credentials.

Once that’s done, the system takes you to a second screen with the Netflix logo, where you’re asked to “validate your payment information” by entering your credit card number and security code, and possibly your home address. Then the hackers will have those, too.

The hackers have created sophisticated techniques to avoid being recognized by any security system. The fake Netflix pages won’t work for users whose IP addresses belong to known security companies, making it hard for security experts to test out and examine them. In some cases, the HTML for the pages is actually encrypted so that it can’t even be scanned .