Morning Brew Daily Netflix Cashes In on Ads and Password-Sharing Crackdown & AI Lawyer Fail
Oct 19, 2023
Netflix's latest earnings show a successful crackdown on password sharing and a shift to an ad-supported model. Tesla faces financial hurdles amid rising interest rates. The legal landscape is shifting with the use of AI, but it’s not without pitfalls, illustrated by a recent court case fail. Meanwhile, the rising costs of health insurance highlight a growing concern. Plus, Meta's new VR headset opens up exciting possibilities, merging personal and professional use in innovative ways.
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Skechers and Embiid
- Toby and Neal discuss Skechers' reported shoe deal with NBA MVP Joel Embiid.
- Neal expresses concern about Embiid's performance but Toby is optimistic about the brand's potential growth.
Netflix's Comeback
- Netflix's password-sharing crackdown and ad-supported tier fueled subscriber growth, exceeding expectations.
- This marks their most substantial subscriber increase since Q2 2020, indicating a strong market position.
Netflix's Maturation
- Netflix is transitioning, focusing on profitability with price hikes and a move away from low-priced packages.
- Their first live sporting event, "The Netflix Cup", combines golf and F1, leveraging popular documentaries.