Canadian unscripted producer Sean Connolly has set up his own production business and tied up a multi-year strategic deal with compatriot firm Great Pacific Media.
21.04.2022 - 05:07 / thewrap.com
company website: Dear Pershing Square Investor:Today, we sold our investment in Netflix, which we purchased earlier this year. The loss on our investment reduced the Pershing Square Funds’ year-to-date returns by four percentage points.
Reflecting this loss, as of today’s close, the Pershing Square Funds are down approximately two percent year-to-date.While we have a high regard for Netflix’s management and the remarkable company they have built, in light of the enormous operating leverage inherent in the company’s business model, changes in the company’s future subscriber growth can have an outsized impact on our estimate of intrinsic value. In our original analysis, we viewed this operating leverage favorably due to our long-term growth expectations for the company.Yesterday, in response to continued disappointing customer subscriber growth, Netflix announced that it would modify its subscription-only model to be more aggressive in going after non-paying customers, and to incorporate advertising, an approach that management estimates would take “one to two years” to implement.
While we believe these business model changes are sensible, it is extremely difficult to predict their impact on the company’s long-term subscriber growth, future revenues, operating margins, and capital intensity.We require a high degree of predictability in the businesses in which we invest due to the highly concentrated nature of our portfolio. While Netflix’s business is fundamentally simple to understand, in light of recent events, we have lost confidence in our ability to predict the company’s future prospects with a sufficient degree of certainty.
Canadian unscripted producer Sean Connolly has set up his own production business and tied up a multi-year strategic deal with compatriot firm Great Pacific Media.
Netflix won’t be airing that Dave Chappelle onstage attack.
Netflix has confirmed Dave Chappelle’s Hollywood Bowl set will not air on the streaming platform.The notorious show, in which the comedian was attacked on stage at this year’s Netflix Is A Joke festival, was not filmed for a special.The streaming giant clarified to The Hollywood Reporter that the omission was not due to the assault, rather that Chappelle had his own cameras and Netflix had no plans to air the footage.Netflix sifted through sets performed by 336 comedians at the festival across 288 shows and 35 venues over the last two weeks in Los Angeles.Forthcoming specials to be released on the streaming platform include Bill Burr Presents: Friends Who Kill, Pete Davidson Presents: The Best Friends and Amy Schumer’s Parental Advisory.Following the Dave Chappelle incident at the Netflix Is A Joke festival, the comedian regained his composure and joked that “it was a trans man” who attacked him in reference to the backlash last year over his stand-up special The Closer, where he described himself as “team TERF” as he spoke on the controversy surrounding J.K. Rowling.
Dave Chappelle made headlines last week when he was attacked on stage during his show at the Hollywood Bowl, but it doesn’t seem like we’re going to see the professional footage anytime soon.
Robbie Praw, VP of Stand-up and Comedy Formats at Netflix, announced on Monday that the streamer will be showcasing highlights from the 11-day “Netflix Is a Joke: The Festival” stand-up comedy event held in Los Angeles, including Pete Davidson riffing on Kanye West’s bizarre social media onslaught, Amy Schumer telling a joke she wasn’t allowed to do at the Oscars, and David Letterman commenting on the recent attack on Dave Chappelle.The month-long comedy rollout begins with “The Hall: Honoring the Greats of Stand-Up,” on May 19, which has John Mulaney paying tribute to Robin Williams, Dave Chappelle on Richard Pryor, Chelsea Handler on Joan Rivers and Jon Stewart to George Carlin. The remaining programs are as follows:Also coming up is a Gabriel “Fluffy” Iglesias special filmed in front of Netflix’s largest-ever audience at a sold-out Dodger Stadium.“These shows represent some of the best work we’ve done at Netflix, with the best comedic talent on the planet. We’re so grateful to everyone who performed, helping to create the biggest comedy festival in U.S.
UPDATED, 7:40 AM: Netflix today released a four-minute video clip of Pete Davidson joking about Kanye West during his appearance last week at the Netflix Is A Joke: The Festival at The Fonda Theatre. You can watch it above.
Nick Vivarelli International CorrespondentA nationwide referendum is to be held in Switzerland on May 15 on a proposed law that would force streamers like Netflix and Amazon Prime Video to re-invest 4% of their local revenues in Swiss film and TV productions.Dubbed “Lex Netflix,” the Swiss law –– which is modeled on European regulations that don’t apply in the country as it’s not part of the E.U. –– is sparking plenty of controversy.“Lex Netflix” is being opposed by Swiss groups of different political stripes who say it goes against the principles of the country’s fiercely free-market economy.
Kate Bosworth is ready to take on the waves once again! The 39-year-old actress says that she is ready for a sequel.“I would love that,” Bosworth told ET Tuesday at the screening for her latest film,. “Sanoe [Lake], Michelle [Rodriguez] and I always talk about it. We would love to make it happen.
Jennifer Maas TV Business WriterNetflix has ordered a docuseries from Shawn Levy, Vox Media Studios and The Verge about how technology will affect the basic aspects of our lives in the future, Variety has learned exclusively.Titled “The Future Of…,” the show asks: “What if we could look into the future to see how every aspect of our daily lives — from raising pets and house plants to what we eat and how we date — will be impacted by technology?” Per Netflix, “We can, and should, expect more from the future than the dystopia promised in current science fiction. ‘The Future Of…’ will reveal surprising and personal predictions about the rest of our lives — and the lives of generations to come.”The series will be released globally in two batches, with the first six episodes premiering Tuesday, June 21, and the remaining six episodes on Tuesday, June 28.
Dave Chappelle has been attacked by a man during a Netflix stand-up show at the Hollywood Bowl.Footage has surfaced online from last night’s show (May 3) which appears to show a man charging and tackling the comedian.The man was then said to have been dragged away by security, according to The Hollywood Reporter.Following the incident at the Netflix Is A Joke festival, Chappelle regained his composure and joked that “it was a trans man” in reference to the backlash last year over his stand-up special The Closer, where he described himself as “team TERF” as he spoke on the controversy surrounding J.K. Rowling.Dave Chappelle just got attacked on stage pic.twitter.com/E4gAfmkPgQ— Hoodville (@Hoodville_) May 4, 2022Here is a video of the aftermath.
It was announced last year that Netflix is working on a That ’70s Show sequel series and now the cast has been confirmed!
Netflix series Raising Dion has been cancelled.The superhero show ran for two seasons on the streaming platform and was executive produced by the Black Panther actor.The news was revealed by one of the show’s stars, Sammi Haney, who plays Esperanza Jimenez.“Sad to say that Raising Dion is CANCELED.
Laika is teaming with the creator of “Ozark” to create a new stop-motion animated feature described as a “gritty neo-noir folktale.” Bill Dubuque, who created the Netflix series “Ozark,” wrote the original screenplay for “The Night Gardener,” which will be directed by Laika’s CEO and President Travis Knight, who previously helmed the Laika feature “Kubo and the Two Strings.”Described as a gritty folktale, the new film follows a young man in rural Missouri fighting to keep his family together in the wake of a tragedy. The film will paint an unflinching portrait of sacrifice, self-reliance and revenge, per an official description.“’The Night Gardener’ is a beautiful and timeless story that quickens the pulse as often as it breaks the heart,” said Knight in a statement.
“Anatomy of a Scandal,” the David E. Kelley series starring Sienna Miller, Rupert Friend and Michelle Dockery, has unseated “Bridgerton” Season 2 for most-viewed English language show of the week globally on Netflix. “Anatomy of a Scandal” racked up 75.56 million hours viewed, making it No.
Persuasion is in the works for Netflix. And we see much lingering eye contact and hand grazing in our future.WATCH: Bridgerton Cast On Edwina And Kate's RelationshipDakota Johnson (50 Shades of Grey) is leading the upcoming period drama as Anne Elliot, the heroine of Jane Austen's final novel.She's joined by Henry Golding (Crazy Rich Asians) in the role of Mr.
Joe Otterson TV ReporterThe Netflix spy series led by Arnold Schwarzenegger and Monica Barbaro has set its main cast, Variety has learned.Appearing in series regular roles in the series are: Jay Baruchel, Aparna Brielle, Andy Buckley, Milan Carter, Fortune Feimster, Barbara Eve Harris, Gabriel Luna, Fabiana Udenio, and Travis Van Winkle. Additionally, the following actors will appear in recurring roles: Devon Bostick, David Chinchilla, Rachel Lynch, Stephanie Sy, and Scott Thompson.Full character descriptions for all the new cast members can be found below.The untitled spy drama was ordered at Netflix in May 2021, with the streamer giving the one-hour show an eight episode order.
Netflix and Skydance Television have set the cast of the untitled Arnold Schwarzenegger spy adventure series, signing nine actors as series regulars to join Schwarzenegger in his first TV series role, and previously announced female lead Monica Barbaro. The list includes Travis Van Winkle (You), Gabriel Luna, reuniting with Schwarzenegger after starring together in Terminator: Dark Fate, Fortune Feimster (The Mindy Project), Jay Baruchel (This Is the End), Milan Carter (Warped!), Fabiana Udenio (Jane the Virgin), Barbara Eve Harris (Station 19), Aparna Brielle (A.P. Bio) and Andy Buckley (The Office).
You’ve heard the term, but what is Stockholm syndrome exactly? Britannica’s dictionary defines it as “a psychological response wherein a captive begins to identify closely with his or her captors, as well as with their agenda and demands.” Essentially, it’s a coping mechanism that kidnapped victims have been found to feel in horribly stressful situations like kidnapping. While it’s psychologically awful and harrowing, there is a sense and need for order in the chaos which often makes the victim—grasping for anything positive at all—to empathize with their tormenter.
Todd Spangler NY Digital EditorAmid the massive sell-off in Netflix stock triggered by the streamer’s Q1 stumble, billionaire hedge fund manager Bill Ackman liquidated his entire holdings in the company citing new uncertainty about Netflix’s long-term business.Ackman’s Pershing Square Capital Management had acquired about 3.1 million Netflix shares in January. On Thursday, the firm sold that stake — resulting in about a $400 million loss on the investment.In a letter to Pershing shareholders, Ackman cited Netflix’s plans to adopt a lower-cost, ad-supported streaming plan and to try to monetize on password-sharing users as introducing new X-factors that threw off his original analysis of the company’s prospects.