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A federal jury on Friday convicted Michael Kail, Netflix’s former vice president of IT operations, of taking bribes from tech startups looking to do business with the streaming giant.
Kail was found guilty on 28 out of 29 counts of wire fraud, mail fraud and money laundering, after a 2 ½-week trial at the San Francisco-based U.S. District Court for the Northern District of California, the U.S. Department of Justice said in a statement Friday.
The Los Gatos-based 49-year-old was indicted in May 2018, accused of accepting over $500,000 in kickbacks between 2012 and 2014 in exchange for approving millions’ of dollars worth of contracts to tech companies that were seeking to do business with Netflix.
Marktsättigung: Muss Netflix andere Wege zum Geldverdienen suchen? msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Netflix original drama Kingdom was a global hit, driving K-zombie hype across the US and Europe.
Global streaming giant Netflix Inc. has become a leading platform in South Korea, boasting around 4.1 million paid subscribers and earning over 500 billion won ($453 million) in 2020, up 108% from the previous year, as the company is marking all-time highs for both its number of subscribers and subscription fees.
On Jan. 19, app and retail data provider Wiseapp reported that Korea residents spent 517.3 billion won on Netflix last year, with the December amount reaching a fresh monthly high of 58.7 billion won.
The US-based over-the-top (OTT) service has solidified its position in Korea, just five years after its foray into the country. Netflix rolled out its Korea-based services in January 2016, with Chief Executive Reed Hastings saying that viewers would be able to enjoy movies and TV content everywhere in the country through its platform.
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Much of 2020 was a numbers game for
Netflix Inc (NASDAQ: NFLX), which raked in an amazing amount of new subscribers as people waited out the pandemic in front of their big-screen TVs. These numbers return to focus
Tuesday after the bell, when NFLX reports Q4 earnings.
No one wants to call anything a “winner” during a pandemic that has impacted so many lives and battered the business models of so many companies, but NFLX and other streaming services like it arguably became the “comfort foods” that many turned to.
After NFLX added more than 28.3 million new subscribers to an already hefty base in the first three quarters of 2020, analysts are anxious to hear how the streaming giant ended the year from a subscriber standpoint. NFLX executives have been warning all along that subscribers added in the first half of 2020 represented an unsustainable pull-forward of the quarantined masses. How could anyone expect the streaming video veteran to continue bringing in n
Google Now Sees Employees Returning to Offices in September marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.