Most of the time, the Finder on Mac "just works". But sometimes, you may have to relaunch it for one reason or another. There are two ways to accomplish this.
Option #1 - In MacOS:
Option #2 - Via Terminal:
On Wednesday, Netflix reported its quarterly revenue and subscriptions rose, as efforts to curb password sharing took hold.
Here’s what the company reported for the second quarter versus what analysts expected, according to Refinitiv:
The streaming giant said it added 5.9 million customers during the second quarter amid its broader crackdown on password sharing in the U.S. Netflix said it would roll out its new policy to the rest of its customers on Wednesday.
Netflix’s stock fell as much as 8% in after hours trading.
The company reported revenue of $8.19 billion, up 3% from $7.97 billion in the prior-year period. Net income of $1.49 billion climbed from $1.44 billion in the year-ago quarter.
The earnings report comes soon as investors look for more information on the rollout of Netflix’s ad-supported streaming tier and push to boost subscriptions by rooting out account sharing.
However, Netflix said it was too early to report a breakdown of revenue from the ad-supported tier — which was introduced late last year — as well as the accounts that have come from the new password policy.
Netflix said Wednesday it expects a boost in revenue in the second half of the year as it begins “to see the full benefits of paid sharing plus the steady growth in our ad-supported plan.”
Netflix said it now forecasts revenue of $8.5 billion, up 7% year over year, for the third quarter. It attributed the expected revenue growth to more average paid memberships.
The company also anticipates paid net subscriber additions in the third quarter will be similar to the second quarter. Meanwhile, Netflix expects revenue growth in the fourth quarter to “accelerate more substantially” as the efforts to curb password sharing gain steam and as advertising revenue grows.
In May, Netflix began alerting members about the policy to deter the use of other people’s accounts. Subscribers can either transfer a profile to someone outside of their household so they can pay for their own account, or the member can pay a $7.99 additional fee per person.
The company’s subscriber base rose in the weeks following the sharing policy rollout, according to a report from Antenna.
Netflix executives declined on Wednesday’s earnings call to give specific information on the rollout of its paid sharing initiative so far.
Co-CEO Greg Peters said Wednesday that the company will not see the full effect of the policy for several quarters.
“It’s not an overnight kind of thing,” Peters said on the call. “In part because of interventions that are applied gradually, and in part because some borrowers won’t immediately sign up for their own account, but will do so in the next month or three months or six months or maybe even longer down the line as we launch a title that they are particularly interested in.”
The executives noted that the password sharers who have started their own accounts have similar characteristics as longstanding customers, leading the company to expect a high retention rate.
Netflix introduced both the new sharing policy and ad tier in the last year as part of its response to its first subscriber loss in more than a decade in 2022.
Netflix’s stock has risen with the rollout of the initiatives. The company’s shares have climbed more than 60% this year, and it notched a 52-week high on Wednesday amid expectations it would show growth this quarter.
The company on Wednesday said it hopes the changes will help to “generate more revenue off a bigger base,” adding it wants to use the additional funds to reinvest in the platform.
In May, Netflix said it expanded its paid sharing policy to more than 100 countries, which account for more than 80% of its revenue.
“The cancel reaction was low and while we’re still in the early stages of monetization, we’re seeing healthy conversion of borrower households into full paying Netflix memberships,” Netflix said Wednesday, adding it would address the issue in the remainder of the countries that it is available.
Meanwhile, media companies have turned more to ad-supported streaming as a way to get to profitability.
During its pitch to advertisers in May, Netflix unveiled few details about its ad-supported tier, albeit enough to push its stock higher. The company said it had 5 million active users for the new tier, and 25% of its new customers were signing up for the tier in areas where it’s available.
On Wednesday, Netflix confirmed that it removed its “basic” ad-free plan, making its standard plan with ads its cheapest option at $6.99 a month. The standard and premium tiers without commercials cost $15.49 and $19.99, respectively, a month.
These initiatives come as the media industry goes through one of its most tumultuous periods in some time.
Industry analysts have long suspected the industry could consolidate, particularly through mergers and acquisitions.
On Wednesday, co-CEO Ted Sarandos said Netflix looked at opportunities to buy intellectual property and build its content library.
“Some of those assets are stressed for a reason,” Sarandos said of potential media companies or assets up for sale. “Our M&A activity would mostly be around IP that we could develop into great content for members. Traditionally, we’ve been very strong builders over buyers and that hasn’t changed.”
Netflix is also contending with the potential fallout of the Hollywood writers and actors strikes.
Analysts expect Netflix to fare better than other media companies during the work stoppage due to its deep bench of content, particularly from international sources.
As a result of the strike, Netflix increased its free cash flow forecast to $5 billion for 2023, up from a prior estimate of at least $3.5 billion due to lower spending on content this year.
Sarandos said during Wednesday’s call that Netflix has a lot of fresh content in the pipeline, but did not say how long that stream would last. Still, he said the strike needs to reach a conclusion.
“We’ve got a lot of work to do. There are a handful of complicated issues,” Sarandos said. “We’re super committed to getting to an agreement as soon as possible, one that’s equitable and one that enables the industry and everyone in it to move forward in the future.”
Unity, the world’s leading platform for creating and growing real-time 3D (RT3D) content, announced today the launch of its beta program for visionOS that includes access to Unity PolySpatial. Featuring integration with the Unity editor, creators can build experiences that run in visionOS, and leverage the amazing features of Apple Vision Pro.
By combining Unity’s new PolySpatial technology with Apple’s RealityKit-managed app rendering, content created in Unity will have a unified look and feel, alongside other apps in visionOS. And Unity has worked closely with Apple to offer support for visionOS and PolySpatial, so users can experience their favorite Unity apps on day one in all new spatial environments made possible by Apple Vision Pro. Developers interested in signing up for the beta can visit www.unity.com/spatial.
Creators can now build brand new experiences and port existing ones to visionOS, previewing from the Unity Editor directly to Apple Vision Pro for quick iteration. New authoring workflows make it more intuitive to blend content seamlessly with the physical world, while robust tools for input provide natural and intuitive ways for users to control their content with just their eyes and hands on Vision Pro.
“We’re thrilled to be working with Apple so our ecosystem of millions of game and app developers can bring their Unity apps to this exciting new platform,” said Ralph Hauwert, SVP & GM, Unity Runtime, Editor and Ecosystems, in a statement. “With Unity PolySpatial, we are making it more efficient and streamlined for developers to create all new immersive experiences using the Editor they know and love. This is core to our promise of enabling developers to create once and ship anywhere.”
“We know there is a huge community of developers who have been building incredible 3D experiences using Unity’s robust authoring tools, and we’re so excited for them to build apps for Apple Vision Pro,” said Mike Rockwell, Apple’s vice president of the Vision Products Group, in a statement. “Unity-based apps and games run natively on Apple Vision Pro, so they have access to groundbreaking visionOS features including low latency pass-through and high-resolution rendering. This enables Unity developers to take full advantage of the powerful and unique capabilities of Apple Vision Pro. We can’t wait to see what incredible experiences are created.”
Triband, the comedy studio behind the acclaimed What The …? games series, has been using Unity PolySpatial to bring their game WHAT THE GOLF? to Apple Vision Pro:
“Unity’s multi-platform support and comprehensive development tools allowed us to leverage our existing Unity knowledge and repurpose content from our games to create a fun experience that works great on Apple Vision Pro,” said Peter Bruun, CEO of Triband, in a statement. “With our game, WHAT THE GOLF?, we’re looking forward to bringing our comedy, silliness, and surprises to visionOS, and can’t wait for users to experience it.”
Via: Unity
Following its removal in Canada last month,the Netflix Basic tier has now been withdrawn in both the US and UK. The Basic tier has now been removed as an option for new subscribers, as well as for anyone wanting to switch to it from another tier. So far, existing Netflix Basic subscribers can continue using the plan.
Netflix used to offer a choice of four tiers:
• Standard with Ads (previously called Basic with Ads) – 1080p, 2 devices
• Basic – 720p, 1 device
• Standard – 1080p, 2 devices
• Premium – 4K, 6 devices, 2 users at another address
That effectively amounts to a steep price increase if you’re on the Basic with Ads tier and want to get rid of the ad breaks.
For more information, go to Netflix.com
