Streaming television

Netflix on April 18 said that its number of subscribers hit a record high 232.5 million in the first quarter of the year and that its nascent ad-supported tier was faring well.

U.S. streaming giant Netflix ended last year with more than 230 million global subscribers, it said on Jan. 19, beating analysts' expectations as hits such as "Wednesday" and "Harry & Meghan" enticed new viewers.

"2022 was a tough year, with a bumpy start but a brighter finish," the company said in a letter announcing bumper fourth quarter earnings.

It is not yet clear what the monthly price will be for the platform, which will offer movies and series from Disney, Pixar, Marvel, Star Wars and National Geographic.

As data cables buckle under a heavier load, streaming service Netflix announced on March 27 that it is set to reduce its share of telecommunications traffic in Turkey and elsewhere by 25 percent.

The statement came amid the global coronavirus outbreak, which first emerged in Wuhan, China last December and has spread to over 176 countries and regions.