Sir Paul McCartney is a fan of the Cowboy Carter rendition of his song, Blackbird, which he originally wrote in 1968.
21.03.2024 - 16:27 / deadline.com
The boss of one of the world’s biggest TV distributors has predicted streamers will return to commissioning originals in bulk once they “break even.”
Cathy Payne, who runs Big Brother and Black Mirror seller Banijay Rights, said there is “no doubt” the deep-pocketed U.S. giants are currently ordering less originals, preferring to strike alternative deals such as “enhanced pre-sale acquisitions.”
“It’s well documented that streamers have had difficulty in reaching their targets and streamers launching in markets has been tough economically, with high interest rates and so on,” she added. “There is no doubt the streamers are commissioning less originals and are rather looking for enhanced pre-sales acquisitions till they get to a point where they’re breaking even, then they’ll come back with more originals.”
Payne added: “It’s not subscribers at any cost, services have to make money.”
Payne backed up Netflix EMEA boss Larry Tanz’s comments from earlier this week that streamers are currently open to a multitude of different rights packages. Tanz had revealed research that found Netflix only owns the IP on 25% of its European projects.
“There are certain shows we’re involved with where the streamer is just one territory,” added Payne. “Obviously when the streamers are commissioning for their domestic market they want it to work in that market first and foremost and then if it has the ability to travel then that is good. There has been more non-scripted commissioning as well, coming into the mix.”
On the flip side, Payne stressed that streamers are still clearly committed to originals and are “not spending any less” on these shows. “I don’t see many Apple shows that look underfunded,” said Payne.
Netflix has unveiled
Sir Paul McCartney is a fan of the Cowboy Carter rendition of his song, Blackbird, which he originally wrote in 1968.
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Kate Middleton has thanked people around the world for their messages of support after she bravely revealed her cancer battle.
Zack Sharf Digital News Director Kevin Bacon announced on “Today” that he will return to the high school where he shot “Footloose” more than four decades ago. The school is Payson High School in Payson, Utah, and its students have spent the last several months launching a social media campaign (#BaconToPayson) to get Bacon to visit on prom day. The students re-created scenes from the movie on TikTok, learned the iconic “Footloose” dance and more all in hopes of getting Bacon’s attention.
Willow Smith has released her new single, “Symptom of Life.” The song came accompanied with a music video, which she also directed, and explores complex topics. She shared some of them in an Instagram post. Jada Pinkett Smith reflects on her Wicked Wisdom metal days and the backlashWillow and Jaden Smith’s fashion evolution through the yearsA post shared by ∴ W ∴ (@willowsmith)The photo is a screenshot of a text related to esotericism, a concept that relates to the secret knowledge that a small group of people hold.
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EXCLUSIVE: Sky Studios and Groenlandia are readying feature film director Sydney Sibilia’s first TV drama series. Someone Killed Spiderman – Accidentally Famous (working title) is for Sky Italia and is about a non-conformist teenager who becomes on half of successful musical duo 883.
Michelle Williams and Jenny Slate are enjoying some down time on set.
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