Airtel postpaid, broadband users can now get free 3-month Netflix access

Airtel and Netflix have announced an expansion of their partnership in India through which subscribers of select Airtel Postpaid and V-Fiber home broadband plans will receive a three-month free Netflix subscription. After this, these subscribers will be able to pay for Netflix subscription using their Airtel postpaid or home broadband bill. Existing Netflix subscribers will also be eligible for this gift. Subscribers not eligible for the gift will be able to sign up to Netflix through Airtel’s applications and pay for their subscription using their Airtel bill.

The telecom operator will announce details of eligible postpaid mobile and home broadband plans over the coming weeks. Netflix and Airtel have also partnered to promote Netflix content through a dedicated row on the Airtel TV app.

Last week, the telecom major announced a content and distribution deal with Zee Entertainment Enterprises Limited (ZEEL). Through this deal, Zee will help Airtel curate content for its over-the-top (OTT) platform and provide content from Zee5. Zee will also create some content exclusively for Airtel.

Amazon Prime has now topped 100 million subscribers, reveals Jeff Bezos

Amazon has persuaded more than 100 million shoppers to subscribe to its Prime service that offers free two-day shipping and other perks that help bind people to the company and its ever-expanding empire.

CEO Jeff Bezos quantified the size of Amazon's Prime membership for the first time Wednesday in his annual letter to the Seattle company's shareholders. Before Bezos' revelation, analysts had been left to guess how many people had been willing to pay $99 per year for the Prime service, which Amazon launched 13 years ago as a way to foster customer loyalty.

The scope of Prime's success stunned even the most optimistic of analysts, such as GBH Insights' Daniel Ives. He had previously estimated Amazon had 92 million Prime subscribers.

"It's a mind-boggling number that serves as a key barometer to how big Amazon's kingdom has become," Ives said.

Costco has been selling annual memberships to get bargains on goods stocked in its warehouses for decades, and already been outdone by Amazon's Prime service. Costco has 50.4 million memberships that allow 92 million cardholders to shop in its warehouse and website.

Why Netflix may not be able to fire Spacey from 'House of Cards'

Netflix may not be able to sack Kevin Spacey from their popular series "House of Cards", after the veteran actor was accused of sexual harassment, due to his contract.

According to a report in The Blast, Spacey's contract does not have an morality clause, meaning that the streaming giant cannot terminate the star's services for his personal actions.

A source said Spacey's contract can only end if he is "unavailable or incapacitated" to perform his duties.

In response, a spokesperson from the streaming service replied saying, "Netflix will not be involved with any further production of House of Cards that includes Kevin Spacey. We will continue to work with MRC (the show's production company) during this hiatus time to evaluate our path forward as it relates to the show..."

The rep added they will not move forward with "Gore," a biopic on the American writer Gore Vidal, featuring Spacey in the title role.

The series was in its post-production phase.

Actor Anthony Rapp had accused Spacey of sexual misconduct, when he was just 14.

Production on the sixth and last season of the Netflix series, in which the actor plays the lead of Frank Underwood, has since been suspended.

Earlier, the streaming service released a statement, saying said it was "deeply troubled" by Rapp's allegation.

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Technology stocks boost Wall Street to hit fresh records

Major Wall Street indexes hit fresh records at the open on Monday on gains in financial and technology stocks even as investors awaited a barrage of earnings reports this week.

Apple gained 1.05 percent, providing the biggest boost to the Nasdaq and the S&P after KeyBanc upgraded the stock to "overweight".

Financial stocks gained for the first time in four days, led by bank stocks. Reactions to bank results last week were muted on concerns about credit card losses at JPMorgan and Citigroup and weak trading activity across the sector.

Investment banks Goldman Sachs and Morgan Stanley report before markets open on Tuesday. Insurer Travelers jumped 2 percent, providing the biggest boost to the Dow.

Video-streaming pioneer Netflix reports third-quarter results after market.

"The market still wants to be optimistic, it wants to continue to move higher from here," said Robert Pavlik, chief market strategist at Boston Private Wealth.
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Roku connects with investors in debut, shares up 17%

Shares of Roku Inc, a Fox-backed video streaming firm, rose as much as 16.6 percent in their market debut on Thursday, giving the US IPO market a much-needed shot in the arm.

The US IPO market is struggling to finish 2017 on a high note even though it has already raked in more money so far this year than it did in 2016.

Snapchat owner Snap Inc, and meal-kit delivery company Blue Apron Holdings Inc, which listed in the first-half of the year are trading well below their listing prices.

At $16.33, Roku had a market capitalization of $1.55 billion.

A pioneer in helping consumers cut the cord from traditional cable, Roku made one of the first devices to offer streaming content such as Netflix over TVs.

But the market has since become more competitive, with Apple Inc, Alphabet Inc's Google, Amazon.com Inc and others offering their own devices.

To compete better, the California-based firm has opened its platform to more TV apps than its peers, including Amazon Prime Video, Hulu and Google Play, allowing it to offer over 3,000 channels internationally.
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Wall Street falls on North Korea comments, tech selloff

US stocks fell sharply in late morning trading on Monday after North Korea accused the United States of declaring war and a selloff in technology stocks accelerated.

North Korea's foreign minister said President Donald Trump had declared war on North Korea and that Pyongyang reserves the right to take countermeasures.

The five tech giants — Facebook, Amazon, Apple, Netflix and Alphabet — were down between 3.7 per cent and 1.05 per cent, weighing on the three major indexes.

The S&P technology index slid 1.37 per cent, on track for its worst single-day percentage loss since August 17. The index, however, has climbed 23 per cent so far this year, outperforming the 11.5 per cent gain in the broader S&P index.

"Technology stocks have been outperformers for a while, so it could be a slight amount of profit taking," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
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Wall Street climbs as North Korea tension eases, S&P tops with 1.12% rise

Wall Street opened higher on Monday, with broad gains across sectors, as investor sentiment was lifted by easing tensions in the Korean peninsula after key US officials played down the risk of an imminent war with North Korea.

All the 11 major S&P sectors were higher, with S&P financial's 1.12 per cent rise leading the gainers.

Global stocks lost nearly $1 trillion last week after President Donald Trump warned North Korea that it would face "fire and fury" if it threatened the United States, leading to a war of words between Pyongyang and Washington.

However, US officials including National Security Adviser H R McMaster and CIA Director Mike Pompeo played down the risk on Sunday, while South Korea's president said resolving Pyongyang's nuclear ambitions must be done peacefully.

"Feels as though the North Korean tension seems to be abating a bit, with commentary coming out of China and the United States. But the situation seems to have de-escalated in the near term", said Art Hogan, chief market strategist at Wunderlich
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Wall Street slips as tensions with North Korea rattle investors

US stock indexes opened lower on Wednesday as investors turned risk averse following rising tensions between North Korea and the United States.

North Korea said it was considering plans to fire missiles at Guam, a US-held Pacific island, after President Donald Trump on Tuesday warned the nuclear-armed nation that it would face "fire and fury" if it threatened the United States.

Safe-haven assets gained following the mounting geopolitical tensions. Gold rose 1.2 percent, while the Swiss franc was on track to post its biggest single day rise in about two-and-a-half years.

Trump's comments also sparked a late afternoon selling on Tuesday, with the Dow ending a nine-day streak of closing records.

The CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility, was up 1.03 points at 11.98 points, its highest level in a month.

"The geopolitical tensions have prompted a risk off trade amid investors," said Naeem Aslam, chief market analyst at Think Markets UK.

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Five reasons why Game of Thrones satisfies our needs

Game of Thrones has become something of a TV event over the past six years – the last season attracted more than 5m viewers per episode. On the face of it, the attractions are obvious: large helpings of sex and violence, bolstered by a serpentine storyline said to be inspired by the War of the Roses, one of the bloodiest periods of English history.

Yet, I think the series meets deeper, more fundamental human needs than just a romp through the bedrooms and battlefields of author George R. R. Martin’s imagination. With colleagues Luca Visconti of ESCP Europe and Stephanie Feiereisen of Cass Business School, I conducted a series of semi-structured interviews with 55 people from 14 countries to get a more detailed picture of what the psychological needs are that narratives like Game of Thrones satisfy.

We found five motivations for consuming stories varying from Game of Thrones specifically to other books, documentaries and films, to paintings and frescos, to music and novels. These are: understanding the outer world, understanding the inner world, investigating the outer world, forgetting the inner world and looking after a lonely and suffering self.

1. Understanding the outer world

Game of Thrones provides insight into the lives of people in other places in other times, like the Scandinavian vikings (portrayed in the series as the Ironborn from the Iron Islands) as well as Genghis Khan and the Mongols (represented by Daenerys’ time with the horse-obsessed Dothraki). We get a glimpse of the Slave Coast of Africa with Slavers’ Bay while the various Free Cities in Game of Thrones – Lys, Braavos, Pentos, Norvos, Myr – can be found in our history books as various trading cities of the Eastern Mediterranean and Middle East (Alexandria, Baghdad, Constantinople, and Tyre, for example).
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