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    NFLX   US64110L1061

NETFLIX, INC.

(NFLX)
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Spotify launches 'Netflix Hub' on its app to attract fans

11/23/2021 | 11:18am EST
FILE PHOTO: The Spotify logo is displayed on a screen on the floor of the NYSE in New York

(Reuters) - Music streaming platform Spotify Technology said on Tuesday it has introduced a new hub where fans can listen to all the official soundtracks, playlists and podcasts related to Netflix Inc's shows.

The Netflix Hub, as the companies are calling the new feature, will contain playlists from hit shows such as "Money Heist" and "Bridgerton", as well as the official soundtrack from shows such as "Squid Game". It can be accessed by both free and premium listeners.

The hub would also contain Netflix-tied podcasts including "Okay", "Netflix Is A Daily Joke" and "The Crown: The Official Podcast", the Swedish company said in a blog post. https://bit.ly/3xhJtws

Spotify, which saw a rise in premium subscribers in the third quarter, has benefited from the pandemic as people turned to its music platform to stay entertained. But with growing competition from Apple Music and Amazon Music, Spotify is looking at introducing new features to attract more subscribers.

Earlie
r in 2019, it had also collaborated with Disney to create the Disney Hub. https://reut.rs/3r7hley

Spotify said subscribers across the United States, Canada, Australia, New Zealand, the United Kingdom, Ireland and India will have access to the hub.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri)


ę Reuters 2021
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Analyst Recommendations on NETFLIX, INC.
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Financials (USD)
Sales 2021 29 703 M - -
Net income 2021 4 869 M - -
Net Debt 2021 9 070 M - -
P/E ratio 2021 36,2x
Yield 2021 -
Capitalization 171 B 171 B -
EV / Sales 2021 6,08x
EV / Sales 2022 5,42x
Nbr of Employees 9 400
Free-Float -
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Technical analysis trends NETFLIX, INC.
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Mean consensus OUTPERFORM
Number of Analysts 43
Last Close Price 387,15 $
Average target price 523,15 $
Spread / Average Target 35,1%
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Managers and Directors
Wilmot Reed Hastings Chairman, President & Co-Chief Executive Officer
Theodore A. Sarandos Co-CEO, Director & Chief Content Officer
Spencer Adam Neumann Chief Financial Officer
Adriane C. McFetridge Engineering Director
Gregory K. Peters Chief Operating & Product Officer
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