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NEW YORK (AP) — Netflix added a flood of new subscribers amid the coronavirus pandemic and also offered clues to a possible successor for founding CEO Reed Hastings, who on Thursday named the company’s chief content officer, Ted Sarandos, as co-CEO. The company picked up 10.1 million worldwide subscribers during the April-June period, more than triple what it usually adds in that period. The increase announced Thursday with Netflix’s second-quarter earnings eclipsed the gain of 8.3 million subscribers projected among analysts polled by FactSet. Netflix ended June with 193 million worldwide subscribers, including 70 million in the U.S. and Canada, its largest geographic market.Nearly 26 million of those subscribers have joined Netflix during the first six months of this year — more than double the number compared with last year — as the pandemic curtailed travel and even nights out on the town. The restrictions have turned out to be a boon for Netflix, which also faces a slew of new streaming competitors such as Disney Plus and HBO Max.Netflix Inc., however, said its subscriber growth has begun to slow following the “initial shock of Covid and social restrictions” after it added just 2 million fewer customers in the past six months as it did for all of 2019. It forecasts just 2.5 million new additions for the current quarter.The pandemic has shut down Hollywood, limiting the ability of TV and movie studios to produce more entertainment to feed Netflix and other video streaming services. That could limit their appeal if viewers run out of new things to watch. Netflix said Thursday that it is slowly resuming production, mostly in Asia and Europe, and its 2020 lineup remains intact. Shooting delays mean big shows and movies slated for next year will come out more in the second half of 2021. 1825

NEW YORK (AP) — Disney will sprinkle its pixie dust on the streaming arena Tuesday, as its Disney Plus service debuts with an arsenal of marquee franchises including Marvel and Star Wars, original series with a built-in fan base and a cheap price to boot.The -a-month commercial-free service is poised to set the standard for other services like WarnerMedia's HBO Max and NBCUniversal's Peacock to follow, as major media companies behind hit TV shows and movies seek to siphon the subscription revenue now going to Netflix and other streaming giants.Disney's properties speak to its strengths. Besides classic characters such as Snow White and Pinocchio, Disney has Pixar, Marvel, Star Wars and National Geographic — big names that most people would recognize. Disney Plus will also have all 30 past seasons of "The Simpsons." Original shows include "The Mandalorian," set in the Star Wars universe, and one on the Marvel character Loki.RELATED: Southern California theme parks bring holiday cheer to guestsMelissa Knerr, 26, a criminal defense attorney in Springfield, Missouri, already has Hulu, Netflix and Amazon Prime and wasn't sure she wanted to pay for another one. She said she was swayed by Disney Plus's price tag and its "sheer amount of content.""I really love both the Star Wars and Marvel franchises and I grew up watching classic Disney shows and movies so I do think there will be enough content for me," she said.Marlina Yates, who works in marketing in Kansas City, said she signed up because of her husband's enthusiasm about the Star Wars series "The Mandalorian" and her daughter's "love affair with princesses and everything Disney."Disney Plus's a month price is about half of the Netflix charges for its most popular plan, and there are discounts for paying for a full year up front. Disney is also offering a package bundling Disney Plus with two other services it owns, Hulu and ESPN Plus. That's cheaper than signing up for each one individually.RELATED: Spider-Man will stay in Marvel Cinematic Universe as Sony, Disney reach dealEverything won't be available to stream right away, though, as Disney needs to wait for existing deals with rival services to expire. Recent movies missing at launch include the animated Pixar movie "Coco" and the live-action "Beauty and the Beast." Others like "Maleficent: Mistress of Evil" haven't been released for streaming yet. Disney expects 620 movies and 10,000 TV episodes by 2024, up from 500 movies and 7,500 episodes on Tuesday.Disney has said that it is losing about 0 million in licensing revenue in the most recent fiscal year from terminating deals with Netflix and other services. But Disney is betting that what it makes through subscriptions will more than make up for that — at least eventually.Disney is boosting its subscription base initially with heavy promos, much as Apple TV Plus has done and HBO Max and Peacock plan to do. Members of Disney's free D23 fan club were eligible to buy three years of Disney Plus service up front for the price of two years. Customers of some Verizon wireless and home-internet plans can get a year free.The hope is that subscribers will stick around once they see what the service offers.Long-term success is by no means guaranteed. With a slew of services launching, subscription fees can add up quickly. Consumers might be reluctant to drop an existing service such as Netflix or Amazon Prime to pay for something untested.RELATED: Marvel-themed land to open in 2020 at Disney's California Adventure Park"I can't keep up with so many services. It gets expensive," said William Pearson, a Drexel University student who describes himself as a "massive" Marvel fan but already pays for Netflix, HBO and the DC Comics streaming service.But compared with other newcomers, experts believe Disney will have no problem gaining — and keeping — the 60 million to 90 million worldwide subscribers it is targeting for 2024. It took Netflix twice as long to get to 90 million."Disney Plus has a gigantic array of content and a library that's unmatched, so it feels like an easy addition for consumers to get a gigantic library at that low price," said Tim Hanlon, CEO of Vertere Group.Bernie McTernan, internet and media analyst at Rosenblatt Securities, said Apple's venture into streaming, Apple TV Plus, has to build brand recognition for its new shows, while viewers may have difficulties seeing what HBO Max offers beyond the standard HBO subscription.Disney said it was pleased with a recent test in the Netherlands, in which consumers got to try the service for free, without original content or full library of classics."The service connected with users across all four quadrants, male and female, adults and kids, driven by the breadth of our content and the affinity people have with it," Disney CEO Bob Iger told financial analysts Thursday.Connor Clifton, 29, from Houston, Texas, said he is looking forward to "The Mandalorian" Star Wars series as well as catching up on recent Pixar films."Paying for individual channels is frustrating," he said, "but I want to see the content so I'm willing to pay for it." 5157

North Korea has been sending supplies to Syria that could be used to produce chemical weapons, a United Nations Security Council diplomat has told CNN.Speaking on condition of anonymity, the diplomat said that North Korea had sent acid-resistant tiles, valves and thermometers to Syria. The diplomat was citing a report on North Korea authored by a UN panel of experts.The details come just two days after the Syrian regime was accused of carrying out a chlorine gas attack on Eastern Ghouta, a suburb in the Syrian capital, Damascus.  548

NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000

NEW YORK (AP) — A new federal report shows vaping rates among U.S. teenagers fell dramatically this year.The drop comes in the wake of last year's outbreak of vaping-related illnesses and deaths.The national survey found that just under 20% of high school students and 5% of middle schools students were recent users of electronic cigarettes and other vaping products.That marks a big decline from a similar survey last year that found about 28% of high school students and about 11% of middle school students recently vaped. That's a decline of about 1.8 million teens total.The survey was done by the U.S. Food and Drug Administration and Centers for Disease Control and Prevention. They looked at survey data from middle school and high school students, grades 6-12.Despite the progress in lowering the number of teens using e-cigarettes, there are 3.6 million youth who currently use them. Of those, almost 83% use flavored e-cigarettes or vaping products.In addition to the survey, the FDA announced their premarket review requirement of tobacco products to ensure they go through a “robust scientific evaluation” before hitting store shelves. 1156

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