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Netflix India Content Chief Monika Shergill Lays Out Growth Roadmap (EXCLUSIVE) - variety.com - India
variety.com
03.05.2023 / 08:09

Netflix India Content Chief Monika Shergill Lays Out Growth Roadmap (EXCLUSIVE)

Naman Ramachandran India is the fastest growing market market in the world for giant streamer Netflix and Monika Shergill, VP, content, for the country, has a clear plan to keep the trajectory going. “A healthy streaming business, according to us, has to be built on the strong fundamentals of engagement, where we are doing very well, and revenue and profit as a global service. We are a profitable service – in many of our markets, we are on the path to profitability,” Shergill told Variety. Earlier this year, Netflix co-CEO Ted Sarandos had said that content watching grew by 30% last year in India and revenue grew by 25%. In a subsequent earnings call, Sarandos addressed the importance of pricing in India, saying: “We’ve got to get pricing and the main payment methods right.”

19 Celebs Who Skipped Met Gala 2023, But Went to the After Parties, Including Leonardo DiCaprio, Kate Hudson, & More! - www.justjared.com - New York
justjared.com
02.05.2023 / 20:57

19 Celebs Who Skipped Met Gala 2023, But Went to the After Parties, Including Leonardo DiCaprio, Kate Hudson, & More!

There were hundreds of celebs on the red carpet at the 2023 Met Gala, but not all the stars in New York City last night actually went to the event.

Netflix Confirms Plans To Spend $2.5BN On Korean Content Over Four Years - deadline.com - South Korea - India - North Korea - Washington
deadline.com
25.04.2023 / 05:11

Netflix Confirms Plans To Spend $2.5BN On Korean Content Over Four Years

Netflix has said it will invest $2.5BN in South Korean series, films and unscripted shows over the next four years.

Netflix Commits to $2.5 Billion Production Spend on Korean Content - variety.com - South Korea - Washington - North Korea - Beyond
variety.com
25.04.2023 / 04:55

Netflix Commits to $2.5 Billion Production Spend on Korean Content

Patrick Frater Asia Bureau Chief Global streaming giant Netflix has publicly committed to spending $2.5 billion (approx. KRW3.34 trillion) on South Korean film and TV production over the next four years. The total is double the amount it has spent in Korea since 2016, the company said. The promise was made by Ted Sarandos, co-CEO of Netflix, at a meeting in Washington DC with South Korean President Yoon Suk Yeol. “We were able to make this decision because we have great confidence that the Korean creative industry will continue to tell great stories. We were also inspired by the President’s love and strong support for the Korean entertainment industry and fueling the Korean wave. I’d like to personally thank the President for his kind response letter,” Sarandos said in a statement.

NATO CEOs, Outgoing & New, Talk Exhibition Rebound On CinemaCon Eve – The Deadline Q&A - deadline.com - Las Vegas - Washington
deadline.com
23.04.2023 / 19:35

NATO CEOs, Outgoing & New, Talk Exhibition Rebound On CinemaCon Eve – The Deadline Q&A

Three years after brutal Covid shutdowns, spring is in the air for cinemas with the box office blossoming and the economics of streaming looking muddy. Traditional studios are re-committing to theatrical, with Apple and Amazon on board. That’s the view from the perch of John Fithian, longtime president and CEO of the National Association of Theatre Owners, taking a final bow next week in Las Vegas at CinemaCon, the industry’s biggest annual event. He will formally pass the baton to Michael O’Leary on May 1.

Tracy Morgan on A-listers showing Knicks playoff love: ‘I’m not a fair-weather fan’ - nypost.com - New York - New York - county Cavalier - county Cleveland
nypost.com
22.04.2023 / 16:59

Tracy Morgan on A-listers showing Knicks playoff love: ‘I’m not a fair-weather fan’

Tracy Morgan.The diehard Knicks fan won’t eat anything at the World’s Most Famous Arena when he cheers on New York against the Cleveland Cavaliers in Game 4 of the Eastern Conference Playoffs Sunday, he dished to The Post.“Well I’m a pescatarian now, so all I eat is fish and vegetables, so I eat before I go,” he said.And the Bed-Stuy native isn’t about to get crabby when it comes to other celeb Knicks fans — the real ones and those only after front-‘roe’ photo ops.“Yo, listen, I can’t be calling people out like that,” he said. “If you a Knick fan, you a Knick fan at heart. I can’t be saying who’s not and who is.

Netflix’s Reed Hastings, Ted Sarandos, Greg Peters Pulled in Combined $129 Million in 2022 as Stock Sank - thewrap.com
thewrap.com
21.04.2023 / 22:19

Netflix’s Reed Hastings, Ted Sarandos, Greg Peters Pulled in Combined $129 Million in 2022 as Stock Sank

filing with the Securities and Exchange Commission on Friday, Netflix’s executive chairman and former co-CEO Reed Hastings raked in approximately $51.1 million in total compensation last year, up from the $40.8 million he received in 2021. Hastings’ package included a $650,000 base salary, approximately $49.4 million in stock options and $1 million in other compensation.

Netflix’s Reed Hastings, Ted Sarandos See Compensation Rise to More Than $50 Million in 2022 - variety.com
variety.com
21.04.2023 / 21:57

Netflix’s Reed Hastings, Ted Sarandos See Compensation Rise to More Than $50 Million in 2022

Todd Spangler NY Digital Editor Reed Hastings, who stepped aside as co-CEO of Netflix in January, and co-chief Ted Sarandos both saw double-digit increases in their compensation packages for 2022, with their total pay topping $50 million each. Hastings’ total pay last year was $51.07 million, $49.4 million of which was in stock option awards, up 25% from 2021, the streamer disclosed in its 2023 proxy statement Friday. Sarandos’ pay jumped 31.5% in 2022, to $50.3 million, comprising $20 million base annual salary, $28.5 million in stock options and $1.79 million in other compensation (including $1.43 million in residential security costs). In stepping down as co-CEO, Hastings will take a huge pay cut: For 2023, as executive chairman, he’s eligible to receive a $500,000 base salary plus $2.5 million in stock options, according to a Netflix 8-K filing with the SEC. In the co-CEO role, he stood to make $34.7 million this year, mostly in stock.

Netflix’ Reed Hastings, Ted Sarandos See Jump In 2022 Pay Packages To Circa $50 Million Each - deadline.com
deadline.com
21.04.2023 / 21:45

Netflix’ Reed Hastings, Ted Sarandos See Jump In 2022 Pay Packages To Circa $50 Million Each

Reed Hastings saw his total pay package jump by about $10 million last year to $51 million on a new stock option grant. Co-CEO Ted Sarandos pulled in total compensation of $50.3 million, up from $38.2 million, also on a bigger option grant.

Netflix Provides Answers For ‘Love Is Blind’ Season 4 Reunion Delay - etcanada.com
etcanada.com
20.04.2023 / 18:33

Netflix Provides Answers For ‘Love Is Blind’ Season 4 Reunion Delay

Over the weekend, the “Love Is Blind” reunion made headlines. But though the season 4 conclusion was filled with plenty of drama, it was Netflix’s inability to get the event, which had been advertised as its second live special, to stream on time.

Netflix Provides Answers for 'Love Is Blind' Season 4 Reunion Delay - www.etonline.com
etonline.com
20.04.2023 / 16:43

Netflix Provides Answers for 'Love Is Blind' Season 4 Reunion Delay

reunion made headlines. But though the season 4 conclusion was filled with plenty of drama, it was Netflix's inability to get the event, which had been advertised as its second live special, to stream on time.After promises that they were waiting to start the special until it could stream, Netflix eventually gave up and recorded the reunion.

‘Ray Donovan’ Indian Adaptation ‘Rana Naidu’ Renewed for Season 2 at Netflix, as Ted Sarandos Talks Up Prospects of India as ‘Big Prize’ - variety.com - Britain - India
variety.com
19.04.2023 / 02:47

‘Ray Donovan’ Indian Adaptation ‘Rana Naidu’ Renewed for Season 2 at Netflix, as Ted Sarandos Talks Up Prospects of India as ‘Big Prize’

Naman Ramachandran “Rana Naidu,” the Indian adaptation of “Ray Donovan,” has been renewed for a second season by Netflix. The news emerged the same day that Netflix announced a 1.75 million jump in subscriptions worldwide. The action thriller that stars Venkatesh Daggubati and Rana Daggubati trended on the No.1 spot as the most watched series in India for three consecutive weeks after launch last month and continues to be in the top 10 series in India for the fifth week in a row. It trended in Netflix’s global top 10 for non-English TV for two weeks after it launched on March 10.

Netflix Doubles Down on Theatrical Release Strategy: ‘Driving Folks to a Theater Is Just Not Our Business’ - thewrap.com
thewrap.com
19.04.2023 / 00:03

Netflix Doubles Down on Theatrical Release Strategy: ‘Driving Folks to a Theater Is Just Not Our Business’

Ted Sorrandoes was asked point-blank in Tuesday’s quarterly earnings call about resisting Netflix’s current reluctance to give their films conventional theatrical releases, a stance that has now put the company at odds with most of their streaming competition. The short answer: Don’t stop a horse in mid-stream.“The film division is doing great,” stated Sarandos. “They really are building out some great films.

Netflix Co-CEO Ted Sarandos Estimates 2024 Content Spending Level, Weighs In On Film Strategy As Streaming Rivals Embrace Theatrical - deadline.com
deadline.com
18.04.2023 / 23:53

Netflix Co-CEO Ted Sarandos Estimates 2024 Content Spending Level, Weighs In On Film Strategy As Streaming Rivals Embrace Theatrical

Netflix Co-CEO Ted Sarandos said the company will likely spend roughly $17 billion on content in 2024, steady with 2023 levels.

Netflix CEOs Explain ‘Love Is Blind’ Livestream Error, Reveal 6.5 Million Viewers Watched - variety.com
variety.com
18.04.2023 / 23:25

Netflix CEOs Explain ‘Love Is Blind’ Livestream Error, Reveal 6.5 Million Viewers Watched

Jennifer Maas TV Business Writer Netflix co-CEOs Ted Sarandos and Greg Peters revealed what exactly went wrong with the live “Love Is Blind” Season 4 reunion special on Sunday — and how they plan to fix the problem with other live broadcasts moving forward. “We’re really sorry to disappoint so many people,” Peters said during a prerecorded Q1 earnings interview Tuesday. “We didn’t meet the standard that we expect ourselves: to serve our members and just be clear from a technical perspective. We’ve got the infrastructure. We had just a bug that we introduced, actually, when we implemented some changes to try to improve live-streaming performance after the last live broadcast, Chris Rock[‘s ‘Selective Outrage’] in March. We just didn’t see this bug in internal testing because it only became apparent once we put multiple systems interacting with each other under the load of millions of people trying to watch ‘Love Is Blind.'”

Netflix’s Ted Sarandos Says He Doesn’t Want a Writers Strike, but ‘We Do Have a Pretty Robust Slate’ If There Is - variety.com
variety.com
18.04.2023 / 23:25

Netflix’s Ted Sarandos Says He Doesn’t Want a Writers Strike, but ‘We Do Have a Pretty Robust Slate’ If There Is

Todd Spangler NY Digital Editor Netflix doesn’t want Hollywood writers to go on strike — but the streamer has a “pretty robust slate of releases” that will help it weather a walkout better than others, co-CEO Ted Sarandos said. His comments, on the company’s first quarter 2023 earnings interview, come a day after Writers Guild of America members overwhelmingly passed a strike authorization vote, giving union leadership the power to call a strike once the contract expires on May 1. “We respect the writers, and we respect the WGA,” he said. “We couldn’t be here without them. We don’t want a strike. The last time there was a strike, it was devastating to creators. It was really hard on the industry. It was painful for local economies that support productions. And it was very, very, very bad for fans.”

Netflix CEOs Tout ‘Beef’s Critical and Fan Acclaim, Skip Over David Choe Controversy - thewrap.com
thewrap.com
18.04.2023 / 23:23

Netflix CEOs Tout ‘Beef’s Critical and Fan Acclaim, Skip Over David Choe Controversy

Netflix CEOs Ted Sarandos and Greg Peters celebrated the success of the streamer’s latest hit series “Beef,” but skipped over controversy surrounding cast member David Choe’s involvement.The executives touted the show’s recent critical and fan acclaim during the company’s first quarter earnings interview Tuesday, but didn’t acknowledge the building outrage among viewers that started after a 2014 video of Choe resurfaced on social media where he said he forced himself on a masseuse.“That’s new this quarter and it has kicked off and it’s off to a tremendous start,” Netflix co-CEO Ted Sarandos said of the show.

‘Love Is Blind’ Reunion Livestream Fiasco Caused by ‘Bug,’ Netflix Says - thewrap.com - county Rock
thewrap.com
18.04.2023 / 22:51

‘Love Is Blind’ Reunion Livestream Fiasco Caused by ‘Bug,’ Netflix Says

Just two days after the “Love Is Blind” Season 4 live reunion fiasco, which delayed the livestream for over an hour with many viewers unable to watch the special until the next day, Netflix Co-CEO Greg Peters said the delayed was caused by a “bug.” “From a technical perspective, we’ve got the infrastructure,” Peters said during Tuesday’s earning call. “We had just a bug that we introduced, actually, when we implemented some changes to try and improve live streaming performance after the last live broadcast Chris Rock in March and we just didn’t see this bug in internal testing because it only became apparent once we put sort of multiple systems interacting with each other under the load of millions of people trying to watch ‘Love is Blind.'”While fans of the reality dating series tuned in to the special expecting for the reunion to rehash the season’s drama and give a status update for how each couple’s relationship has evolved since their respective wedding days, viewers were met with a error message on the live stream.Despite the livestreaming troubles, the reunion reached an audience of 6.5 million viewers, Peters said.“We’re really sorry to have disappointed so many people,” Peters continued.

Netflix’s Ted Sarandos Says “We Don’t Want A Writers Strike” But Highlights “Robust” Slate Of Films & Series In Case Of Industry Action - deadline.com
deadline.com
18.04.2023 / 22:51

Netflix’s Ted Sarandos Says “We Don’t Want A Writers Strike” But Highlights “Robust” Slate Of Films & Series In Case Of Industry Action

As part of the Alliance of Motion Picture and Television Producers, Netflix is one of those companies currently at the table negotiating with the Writers Guild over a new deal.

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