Netflix posted record profit of $2.9 billion in Q1, a 24 percent increase year-over-year that exceeded its forecast of $2.44 billion. Revenue was up nearly 13 percent to $10.54 billion for the three month period. The streamer attributed the strong performance to “slightly higher subscription and ad revenue and the timing of expenses.” The company is looking ahead to a strong 2025 and robust growth in upcoming years, with an internal goal of doubling annual revenue to $80 billion by 2030 and global ad sales aiming to hit $9 billion. Full-year revenue is forecast to land between $43.5 billion and $44.5 billion. Continue reading Netflix Reports Another Record Quarter with $2.9 Billion Profit

Netflix has gone multilingual, adding a feature that lets viewers choose from a list of more than 30 languages for dubbing or subtitles on any title. The option has previously only been available via mobile and Web browsers, with TV options limited to a handful of choices deemed relevant based on geographic location. Referencing some of its most popular programming — such as South Korea’s “Squid Game,” Spain’s “Berlin” and France’s “Lupin” — Netflix explains, “we know that language availability is what helped these stories and characters find fans beyond their country of origin.” Continue reading Netflix Expands Dubbing and Subtitle Options to 30 Languages

Runway has introduced a new video generation model, launching a next phase of competition that could transform film production. Notably, its Gen-4 system improves the consistency of characters, locations and objects across multiple scenes, an elusive prospect for most AI video generators. The New York-based startup calls its new development “a step towards Universal Generative Models that understand the world.” The key, Runway says, is to provide a single reference image of the character, item or environment as part of the model’s project material. Runway Gen-4 can generate 5- and 10-second clips at 720p resolution. Continue reading Runway Gen-4 Tackles AI’s Elusive Video Scene Consistency

AMC Entertainment has entered into a partnership with South Korean cinema technology company CJ 4DPlex to bring 65 of its ScreenX and 4DX theaters to its venues in the United States and Europe. AMC’s 25 ScreenX auditoriums will use 4DX’s signature multi-projection approach to immerse audiences in a 270-degree field of view, starting this summer. There will be 40 4DX installations opening, beginning in the fall. With 4DX, moviegoers get a multi-sensory experience that includes motion seating and atmospherics like water, wind, scents and snow in addition to special lighting and other effects to enhance the action onscreen. Continue reading AMC to Add 65 ScreenX, 4DX Theaters in Deal with CJ 4DPlex

Los Angeles-based AI startup Moonvalley has released a video generator purpose-built for entertainment and advertising. Called Marey, its creators say it was designed with the “specifications and tastes” of filmmakers and studios in mind and trained exclusively on owned or fully licensed source data to protect users from lawsuits. Asteria, a partner in the venture, owns a large documentary library through its subsidiary XTR. Its founders say Marey aims to usher in “a new era of GenAI video built to empower — not replace — the creative forces behind modern motion pictures.” Continue reading Moonvalley and Asteria Unveil Cinematic GenVid Model Marey

Amazon is experimenting with AI dubbing so Prime Video customers globally can experience content from other territories, gaining access more quickly and efficiently to licensed films and TV series. The company is using a hybrid “AI-aided” system in which localization professionals oversee the AI output to ensure quality control. Currently limited to a dozen movies and series that will be AI-dubbed in English and Latin American Spanish, the pilot will expand if the results prove popular with audiences. In December, Netflix experienced backlash against AI-assisted dubbing, with viewers complaining generative mouth adjustments looked unnatural. Continue reading Amazon Prime Video Tests AI Dubbing for Movies and Series

Netflix revealed plans to boost its 2025 original programming expenditure to $18 billion, a more than 10 percent increase over 2024, which could place pressure on other streaming services. Additionally, the company notes that this spending plan does not represent its cap by any means. In the wake of this news, Netflix co-CEO Ted Sarandos joined Mexican President Claudia Sheinbaum to unveil a plan to spend $1 billion producing content over the next four years south of the border. The company will also invest $2 million upgrading Mexico City’s Churubusco Studios, its new home base there. Continue reading Netflix Spending $18B on Originals, Commits $1B to Mexico

Optoma has announced the Photon Go, a tiny ultra short-throw laser projector that throws a 100-inch image from a distance of just 9.8 inches. Releasing in April, the portable device is “designed to bring big-screen entertainment just about anywhere,” the company says, emphasizing the device’s 10 x 6 x 2.5-inch size and 3.8-pound weight — notable because UST projects are not typically very portable. Featuring RGB triple laser technology for vibrant colors and nuanced contrast, the Photon Go “can transform any wall into a screen,” according to the Taiwanese manufacturer. Continue reading Optoma Photon Go: Portable UST Projector with Triple Laser

A year after the commercial release of the Vision Pro mixed reality headset, Apple is making progress adding Apple Intelligence, with visionOS 2.4, available now in developer beta in English with consumer release scheduled for April. The AI boost adds Writing Tools, which allows text composition “from scratch using ChatGPT,” as well as Image Playground and the custom emoji app Genmoji. It also integrates Spatial Gallery, a new Vision Pro app for the iPhone that includes a discovery mechanism for curated 3D movies and a remote-viewable Guest Mode for mobile. Additional features and languages will be added throughout the year. Continue reading Apple Intelligence, Guest Mode Coming to Vision Pro in April

The long-awaited Apple TV app for Android mobile devices has officially launched on the Google Play Store, providing Android users access to original series and movies on Apple TV+ (currently offered as a seven-day free trial), in addition to MLS Season Pass (in time for Major League Soccer’s 2025 season that begins the weekend of February 22). Apple TV+ also offers a Major League Baseball double-header on Fridays with no local broadcast restrictions. Subscriptions to Apple TV+ and MLS Season Pass are available through Google Play accounts for Android mobile and Google TV devices. The Apple TV+ subscription presently runs $9.99 per month. Continue reading Apple TV App Is Available via Google Play for Android Devices

The new Netflix Bites restaurant in the Las Vegas MGM Grand Hotel & Casino offers dishes inspired by popular original streaming movies and TV series. As part of the company’s push into more in-person experiences and new marketing opportunities, Netflix Bites Vegas is scheduled to operate for a year, a residency that follows the popular Netflix Bites pop-up restaurant that was open for six weeks in 2023 in Los Angeles. The Las Vegas eatery kicked off with an exclusive preview event featuring stars from some of the company’s shows alongside executives from Netflix and MGM. Continue reading Netflix Opens a New Themed Restaurant in Las Vegas Casino

U.S. Representative Zoe Lofgren (D-California) has introduced a bill to thwart foreign-run pirate websites from exploiting loopholes in U.S. law. H.R. 791 — the Foreign Anti-Digital Piracy Act (FADPA) — would allow copyright holders to seek court orders requiring U.S. ISPs to block websites operated by foreign infringers who “present a massive and growing threat — costing American jobs, harming the creative community, and exposing consumers to dangerous security risks.” Lofgren said she worked with members of the tech, film and television industries to craft a proposal that remedies copyright violation without disrupting the free Internet for law abiders. Continue reading MPA Supports Lofgren’s Bill Targeting Foreign Digital Pirates

The U.S. Copyright Office has released Part 2 of its report on artificial intelligence, dealing with the legal and policy issues pertaining to copyright and generative AI. The two main takeaways are that legal questions concerning copyrightability and AI can be settled using existing federal law, requiring no legislative change. Also, “where AI ‘merely assists’ an author in the creative process, it does not change the copyrightability of the output.” Additionally, it reaffirms that any work created entirely by prompts (content “entirely generated by AI”) cannot be protected by copyright. Continue reading Copyright Office Says AI ‘Assisted’ Content Can Be Protected

Free, ad-supported streaming video service Plex is introducing a new user interface and expanding its social media overlay, adding the ability for users to publicly share their Plex profiles and allow others to read and comment on their movie reviews. By default, all Plex users can be searched out by other Plex users within the app (unless they’ve changed that setting). Now, by opting to make profiles public on watch.plex.tv, they can be shared using the link and will also be searchable on the Web, showing what users have watched and have added to their watchlist, and more. California-based Plex offers ad-supported video-on-demand (AVOD) as well as linear FAST channels. Continue reading Plex Adds Public Profiles and Ways to Share Program Reviews

Netflix seems determined to test consumers’ price-value tolerance, raising by $2 the price of its premium tier, now $24.99 per month, while raising the cost of the standard ad-supported tier by $1, to $7.99 per month. Its approach is so far working. The news came with an earnings report that indicated new subscribers rose by 18.9 million in Q4, a 44 percent increase to 302 million worldwide members on close of 2024. For the year, revenue grew 16 percent and operating income expanded six points to 27 percent, exceeding $10 billion for the first time in company history. Continue reading Netflix Increases Subscription Prices as Memberships Surge