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Netflix’s Tightened Password Security Measures Yield Profit Surpassing Wall Street Predictions

Netflix’s triumph in the streaming domain persists as the company divulged a robust growth trajectory in its latest quarterly report. With a surge of 9.3 million subscribers, bringing its total to nearly 270 million in the first quarter, Netflix displayed resilience amid competitive pressures. Revenue soared by 15% to $9.37 billion, accompanied by a notable net income of $2.3 billion, marking a substantial increase from $1.3 billion in the same period of the previous year. The streaming giant outpaced Wall [...]

Potential Outcomes: Preventing a TikTok Ban Within 9 Months

Recent legislative moves in the U.S. signal potential trouble for TikTok, with a bill that could lead to its ban expected to become law soon. The House gave the nod to the bill over the weekend, as part of a broader foreign aid package, in a contentious 360-58 vote. The legislation demands that China-based owner ByteDance sell the app within 270 days to a buyer not affiliated with foreign adversaries like Russia, China, or Iran, under threat of prohibition. President [...]

Italian Cinema’s Battle with Netflix over residuals: Artisti 7607 Takes Legal Action

Some of the most prominent figures in Italian cinema are speaking out against Netflix. Elio Germano, Valerio Mastandrea, Neri Marcorè, and Claudio Santamaria, alongside thousands of local acting and dubbing talents, are part of the collecting company Artisti 7607, which has filed a lawsuit against the streaming platform in the civil court of Rome, demanding “adequate and proportionate compensation as stipulated by the law.” For eight years, Artisti 7607 has been in negotiations with Netflix without the two parties reaching [...]

The Russo Brothers Award $50,000 to Filmmakers Celebrating Italian American Heritage

The Russo Brothers have a profound connection to their Italian heritage. Anthony, 54, and Joseph, 52, are renowned American directors, producers, and screenwriters recognized for their contributions to the Marvel Cinematic Universe. They also established AGBO, an independent studio nestled in an old factory in the fashion district of Los Angeles, faraway from the sprawling lots and theaters of Hollywood or Burbank. Through AGBO, they launched a scholarship for filmmakers residing in the United States with projects focusing on depicting [...]

Costiera: Prime Video’s Action-Comedy Series Brings Global Talent to Italy’s Amalfi Coast

Announcing the full cast for the action-packed comedy-drama "Costiera" set against Italy's breathtaking Amalfi Coast, Prime Video has created a buzz. Emmy-winning director Adam Bernstein ("30 Rock", "Breaking Bad") leads the production, with Jesse Williams ("Take Me Out") taking the lead. The ensemble cast for this English-language series, co-produced by Amazon Studios and Luca Bernabei's Lux Vide, features talent from across the globe. Among them are Jordan Alexandra from the UK ("Doctor Strange in the Multiverse of Madness","The Winter King"), [...]

TO WATCH OR NOT TO WATCH: Insights on VR Video Viewing Preferences

Virtual reality headsets are shaping the future of entertainment, yet they're not yet in every home, and not everyone is accustomed to this format. However, history shows that groundbreaking technologies often face skepticism. For instance, when telephones were first introduced, there were concerns about spreading infections through shared usage. Now, we all carry telephones in our pockets, illustrating how the acceptance of new technological devices evolves over time. Vision Pro, a groundbreaking mixed-reality headset from Apple Inc., is poised to [...]

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Italian Trade Agency

LOS ANGELES OFFICE
12424 Wilshire Blvd
Suite 1400
Los Angeles, CA 90025
T. +1 323 879 0950
losangeles@ice.it

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