Netflix is adding subscribers at a slower pace than envisioned, renewing fears that its growth may sputter as the video streaming service tries to fend off fiercer competition. The numbers released Monday mark a rare letdown for a company that has enthralled investors with its ability to consistently top expectations. But Netflix missed its target badly in the April-June period, causing its high-flying stock to plummet by about 14 percent to $345.63 in extended trading. The shares had more than doubled before the sell-off. If the stock plunges on the same trajectory during Tuesday's regular trading session, it will be the steepest drop in nearly four years. In a research note, GBH Insights analyst Daniel Ives called the second-quarter showing "a near-term gut punch" to Netflix. The company gained 5.1 million subscribers worldwide during the quarter, more than 1 million below the number that management had believed it could. It marked the first time in a more than a year that Netflix hadn't exceeded its subscriber growth projections. As of June 30, Netflix had 130 million subscribers, including 57.4 million in the U.S. Netflix predicted it will add 5 million subscribers in the current quarter, which ends in September, slightly slower than the pace a year ago. The spring and summer months traditionally mark Netflix's most sluggish period as more people go on vacation and spend time outside instead of watching video. Despite its second-quarter misfire on subscriber growth, the Los Gatos, California, company reported earnings that beat analyst estimates. Earnings grew 32 percent from last year to $384 million, or 85 cents per share. Revenue climbed 6 percent to $3.9 billion. Bringing in more subscribers and money is vital for Netflix because it expects to keep spending more on exclusive TV shows and movies to try to stand out from rivals. The company will spend as much as $8 billion on programming this year. Ives expects Netflix to pour another $10 billion into its video mix next year. Netflix already has been battling challenges from Amazon, Google's YouTube and Hulu in the video streaming market, and it is likely to face even stiffer competition as other formidable rivals try to muscle into the market. AT&T just bought Time Warner for $81 billion in a deal that includes HBO — a pay TV and video streaming service that AT&T plans to expand in an attempt to lure more viewers away from Netflix. And Walt Disney is hoping to close on a $71 billion deal to buy prized entertainment franchises from 21st Century Fox to feed into a video streaming service Disney will debut next year. Meanwhile, Apple — the world's most valuable company — is spending about $1 billion on original programming for a video service of its own. "Right now, Netflix is still miles ahead of its closest competitor, but there is going to be a giant bulls-eye on Netflix's back during the next 18 to 24 months," Ives predicted in an interview.

Indies Pharma Jamaica Limited which distributes medicines at pharmacies island wide including its own in Montego Bay will go public this month in an attempt to raise roughly $390 million.

The initial public offer (IPO) of Indies Pharma Jamaica Limited was oversubscribed within a day of opening the offer. The 266.5 million units offered by the company which distributes drugs and owns two pharmacies, was fully subscribed at $1.50 per share raising about $390 million. The broker GK Capital Market will tally the offer and is expected reveal the basis of allotment sometimes late this week. It is the intention of the company is to list on the Jamaica Stock Exchange (JSE) shortly thereafter. “Within three days of the closing date for the basis of allotment, and thereafter, the company will apply for the listing of its shares on the junior market of the JSE,” said the company in a statement. Indies Pharma opened its offer on Thursday 12 July 2018 and early closed it on Friday instead of the planned date of Thursday 19 July. Indies Pharma Jamaica Limited which distributes medicines at pharmacies island wide including its own in Montego Bay will go public this month in an attempt to raise roughly $390 million. Indies is one of three initial public offerings planned for July on the Jamaica Stock Exchange (JSE). The other companies are real estate company Stanley Motta and Mayberry Jamaica Equities which is an investment fund. Indies Pharma wants to raise the funds in order to increase its working capital, repay debts to Bioprist Holdings of US$1.056 million, First Global Bank Limited at $59.04 million and National Commercial Bank Jamaica Limited at $1.477 million. The funds will also allow it to prepare to expand. [related node_id='eec5cd3d-89ea-44fc-9eb2-fcd3184a95aa'] Indies Pharma is a pharmaceutical distribution company which was incorporated in Jamaica in 2003 by medical doctor, Dr. Guna Muppuri, and his wife Mrs. Vishnu Muppuri, who is CEO and COO respectively. The company sold its first pharmaceutical products on April 18, 2005, and today distributes over 150 prescription and non-prescription or ‘over the counter’ generic pharmaceutical products for Bioprist Holdings Limited under the ‘Bioprist’ brand. The company is headquartered in a commercial complex in Freeport, Montego Bay, Jamaica, and the Trident Pharmacy business is located nearby in Sam Sharpe Square, Montego Bay, Jamaica. The company currently services customers across all 14 parishes of the island, including over 400 pharmacies, private and public hospitals and government agencies including the National Health Fund as well as medical practitioners, and directly to individual end users. It currently has a team of 60 employees, and three non – executive board members. For the latestnews, download our app athttp://bit.ly/GetALoopJMfor Android; and athttp://bit.ly/GetiLoopJMfor IoS.


CEO of Downsound Entertainment, Joe Bogdonovich (2nd right) and Reggae Sumfest Director, Robert Russell (centre) are joined by the “Sumfest girls’ at the “Colour-Fest” beach party on Sunday.

Lights, fashion, colour and pulsating music from every genre permeated the air at Tropical Bliss, formerly Tropical Beach in Montego Bay, St James on Sunday to mark the start of the 26th staging of Reggae Sumfest. Hundreds of fun-loving party-goers descended on the venue for what was dubbed the Sumfest “Colour-Fest” Beach party. The high-energy event was hosted by the “Curvy Diva” Yanique Barrett and Noah Power and featured DJs Team Shella, Jigga and Crazy Neil. The new spacious venue provided the room for patrons to have what was a true beach party, with title sponsors Red Stripe providing the necessary “liquid spirits” to complement the high energy music and vibes which was provided by the DJs and the hosts. The music took patrons from ska to reggae, hip-hop, dancehall into lover’s rock and even alternative as the DJs kept the vibes going and ensured that all patrons got their money’s worth. The throng of patrons at the party also included Downsound Entertainment (DSE) Chairman and CEO, Joe Bogdanovich and DSE’s Deputy Chair, Robert Russell. Both expressed delight at the vibes and energy which the event brought. According to Bogdanovich, “this is real entertainment and we are very happy that we were able to provide this level of clean entertainment to our patrons. This is a great start to the 26th staging of Reggae Sumfest - 'Our Music, Our Festival'." Bogdanovich is expecting that the supporting events leading into the two major nights of the festival will also be well supported. He said, “we have crafted a wonderful slate of activities for Sumfest 2018 and starting with this Beach party, we are confident that we will receive support from our valued patrons. This year we are catering to everyone – those who have paved the way for this event over the last 25 years as well as those who see music and the entertainment industry as a business. We are looking forward to the two major nights and with the cream of the crop set to perform, this will be a wonderful Sumfest." For the latestnews, download our app athttp://bit.ly/GetALoopJMfor Android; and athttp://bit.ly/GetiLoopJMfor IoS.

Mr Vegas performs during a tour stop in Europe

Last week, Mr Vegas gave the world the 'Meme' song. Now that popular song has spawned a dance of the same name. Zip code presenter and choreographer Doblin Jackson has teamed up with the Xqlusiv Dancers to conceptualise a 'Meh Meh' dance to compliment the song which is doing well in the dances. "I had been thinking about all the memes that had been going around in the past week, so I came up with a great dance to go with the song. The song is funny, the Meh Meh dance is funny, now when this song drops in the dance, everybody can do the moves," Doblin told Loop Jamaica. If you’re wondering what’s a “Meh Meh", you may have been living under a rock for the past week because it is all the rage on social media. In the wake of the brouhaha around his video recordings of a licensed firearm holder shooting a security guard during an altercation going viral, Mr Vegas went viral for second time when he posted a video chastising fans for making memes about the shooting incident in Kingston, but pronounced the word 'meh meh'. Mr. Vegas capitalised on the brouhaha around the verbal faux pas by recording a single called 'Meme'. The single, released on the MV Music label, hit the Internet last week via Mr. Vegas' youtube channel, and has racked up thousands of views. The new choreographed moves will be part of video that MrVegas will be doing for the project. Mr Vegas is presently on a tour of Europe that will see him performing in countries such as Switzerland, Germany, Holland, Belgium and England. He will be launching his latest album, a black empowerment-themed musical tour de force dubbed 'Ism' later this month. For the latest news, download our app athttp://bit.ly/GetALoopJMfor Android; and athttp://bit.ly/GetiLoopJMfor IoS.


Vive La France! Football fans turned out in their numbers at Usain Bolt's Tracks & Records in St Andrew on Sunday to watch France and Croatia bring the curtains down on the 2018 World Cup in an exciting finale. 'Les Bleus' sailed away with a 4 - 2 victory over Croatia, but 'The Checkered Ones' gave a good account of themselves with some exciting football. Loop News' Ramon Lindsay was at Tracks & Records and shares highlights from the viewing party in the video below.

Cricket West Indies B Team's Nicholas Pooran bats against the Vancouver Knights in the first half of their final of the Global T-20 Canada Cricket tournament in King City, Ontario on Sunday July 15, 2018. (Fred Thornhill/The Canadian Press via AP)

Saad Bin Zafar has hit an unbeaten 79 to help the Chris Gayle-led Vancouver Knights clinch the inaugural Global T20 Canada cricket title Sunday with a seven-wicket win over West Indies B. Vancouver reached 148-3 with 15 balls to spare in reply to West Indies B's 145 all out in 17.4 overs. Zafar plundered eight boundaries and three sixes in his match-winning 48-ball innings. Zafer and Rassie van der Dussen joined with Vancouver in trouble at 22-3, and with Gayle already back in the pavilion for just 2 runs. Zafar and van der Dussen advanced Vancouver to 100-3 in 13.1 overs with the run-rate down to one-a-ball, and shared an overall fourth-wicket stand of 126. Van der Dussen hit the winning boundary to finish 44 not out off 41 balls. Zafar hit 14 runs — a six and two fours — off the last three balls of the 11th over by Sherfane Rutherford — and a further two boundaries against Derval Green (2-20) in the next over as the run chase began to look comfortable. Earlier, West Indies B struggled with the bat after losing the toss in the last game of the six-team competition. Allrounder Fabian Allen provided the only serious resistance with a 23-ball 41, including three fours and three sixes. Jamaican Sheldon Cottrell took 4-29 for Vancouver and leg-spinner Fawad Ahmed 3-24. The tournament in Canada bought together some of the most exciting players in the T20 format, the quickest version of international cricket. The drawcards included Australians Steve Smith and David Warner, who are serving 12-month bans from international cricket imposed by their national association for their involvement in a ball-tampering scandal in South Africa in March. For the latest news, download our app athttp://bit.ly/GetALoopJMfor Android; and athttp://bit.ly/GetiLoopJMfor IoS.


Events

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June 24, 2018

Marriage spell Bring Back Lost Lover in 24 Hours@@+27717222081 Alexandra

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June 24, 2018

SSD CHEMICAL SOLUTION FOR CLEANING DEFACED CURRENCY +27763001683 In South

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July 19, 2018

JAMAICA LEADERSHIP SUMMIT

It is with great pleasure that we specially invite you and your leadership team to our 2018 Jamaica Leadership Summit (JLS). This is a one-day inspirational and educative event that will be taking place on Thursday, July 19, 2018, at the Jamaica Pegasus Hotel. With the objective of empowering, educating and equipping them through a series of lectures and activities that are intellectually stimulating, economically empowering, and spiritually therapeutic, the audience are executives in the political, corporate, religious, and academic arenas, including their directors, managers, and supervisors, as well as civil servants, professors, pastors, and entrepreneurs. In addition to the keynote speaker, Alex Ihama, the Canadian-based globally-renowned leadership trainer and a management consultant to Fortune 500 corporations and arms of government, and Dr. Peter & Dr (Mrs) Pat Morgan, who are globally renowed speakers and educators, other confirmed speakers include Mrs. Michelle Chong, the CEO of Honey Bun Ltd, Mr. Oral McCook, the CEO of OGM Integrated Communications Ltd, and Mr. Alphonso Grennell, Managing Director of Grennell’s Drivers’ Safety Training Services. While others include Senator Imani Duncan-Price, Senator Pearnel Charles Jr., Mr. Michael Maragh, Mr. Jamar Wright, Min. Floyd Green and a host of others dignitaries, the curriculum for the day was designed in conjunction with the International School of Greatness Canada. Tickets are $200 USD in advance and $225 USD at the venue; but it drops to $175 USD for a table of 8 delegates. For more information, call Natassia Wright on 876-860-0507, email jamaicaleadershipsummit@gmail.com or visit www.jamaicaleadershipsummit.com