Netflix Begins Second Round of Layoffs, 300 Positions Cut (EXCLUSIVE)

Zack Sharf Johnny Depp’s return to acting following his defamation trial against Amber Heard is not being backed by Netflix. Bloomberg reported that the Depp-starring French movie “La Favorite” is receiving “financial backing” from Netflix, but a source close to the streaming giant told Variety this reporting is not true. Netflix is not financing the movie but has licensed the film to stream in France only after it completes the country’s 15-month theatrical window.

Selome Hailu “Stranger Things” Season 4 is now Netflix’s second title ever to rack up over one billion hours viewed.This milestone comes after the July 1 debut of the season’s second volume, consisting of two episodes that run for approximately four hours. The new episodes brought Season 4 up to 1.15 billion hours viewed in total since Volume 1 premiered on May 27.The first Netflix series to cross the 1 billion mark was the South Korean drama “Squid Game,” which debuted in September 2021.

J. Kim Murphy SPOILER ALERT: Do not read if you have not watched Episodes 8 and 9 of “Stranger Things 4,” now streaming on Netflix.With the second volume of “Stranger Things” Season 4 now in the books, Netflix is pulling back the curtain a bit on the creation behind the final two episodes of the season.

It doesn’t matter what the subject matter is, when filmmaker Pablo Larraín announces a new project, we’re excited. This is because the recent filmography of Larraín damn-hear perfect with a litany of award-winning films such as “Spencer,” “Ema,” and “Jackie,” just to name a few.

John Hopewell Chief International CorrespondentNetflix and ‘Spencer’ director Pablo Larraín have gone into production on “El Conde,” a black comedy picturing bloody Chilean dictator Augusto Pinochet as a 250-year-old vampire.Larraín will share screenwriting credits with Guillermo Calderón, Chile’s foremost playwright and Larraín’s writing partner on “Neruda” and Berlin Grand Jury Prize winner “The Club,” the movie which persuaded Natalie Portman to play the lead in the Larraín-directed “Jackie.”“El Conde” is produced by Juan de Dios Larraín at Fabula, the Larraín brothers’ Chile-based film-TV production house whose credits include “Spencer” and “Jackie,” all Larrain’s Chilean movies, and Sebastian Lelio’s 2018 Academy Award winning “A Fantastic Woman.” Moving from fest-winning straight-arrow arthouse fare such as “Tony Manero” to movies with a wider audience appeal from 2012 Cannes Directors Fortnight winner “No,” starring Gael García Bernal and then into English-language titles from “Jackie,” Pablo Larrain has established himself in the vanguard of Latin American cinema.Whatever the setting, his movies combine an acute sense of character and big ideas, on power dyanamics, the fate of women in traditional worlds, the lure and hell of fame and also the multiple hostages left to fortune by Augusto Pinochet’s far right and bloody dictatorship.In a review of “Jackie” Variety’s Guy Lodge hailed Larraín as “the most daring and prodigious political filmmaker of his generation,”“El Conde” looks to drive deeper into some of the themes, mixing character analysis, drama and comedy and a trenchant analysis of the makings of the modern world – not only in Chile but in global terms.The historical black comedy revolves around Augusto

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leading streamer’s enterprise value, which ballooned to $277.3 billion last year, is down to around $100 billion.During the company’s recent earnings call the CFO, Spence Neumann, said the company was slowing cost growth to maintain margins due to to the slower growth in revenue. Among other ways to boost subscribers and cut costs, Netflix has hinted at introducing ad-supported pricing tiers to its service and cracking down on users who share passwords with other households, among other changes.

Netflix has laid off an additional 300 employees.

EXCLUSIVE:  Following the fatal June 16 crash that claimed the lives of two actors and injured six others from the cast and crew of Netflix’s The Chosen One, survivor Yeray Albelda spoke to Deadline about the loss of his close friends Raymundo Garduño Cruz and Juan Francisco González Aguilar (Known professionally as Paco Mufote).

Anna Marie de la Fuente A survivor of the Baja California accident that claimed the lives of actors Raymundo Garduño Cruz and Juan Francisco González from the Netflix series “The Chosen One” says he doesn’t blame the van driver or the production company. But actor Yeray Albelda says it’s the norm that “people are exhausted” in many productions.The Mexican actors union ANDA also held a remote press conference Tuesday to weigh in on the fatal crash.In an interview with Variety, Albelda, one of the six survivors of the crash, said he was told that a mechanical failure might have caused it. Others, he was told, have speculated that the driver was trying to avoid a pothole or even a deer.

Stranger Things” — and its new villain, Vecna — will be back on July 1. Netflix dropped the official trailer for Volume 2 of the massively popular horror sci-fi series, hinting at what’s to come in the final two supersized episodes of the show’s penultimate season.Volume 1 ended on a major cliffhanger, right after it was revealed that Vecna is actually Henry Creel (Jamie Campbell Bower), a Hawkins boy from the ’50s who became the first test subject in the same government experiment as Eleven (Millie Bobby Brown).

EXCLUSIVE: Departing Netflix Director Of UK Scripted Chris Sussman is in talks to exec produce the fourth season of Apple TV+ comedy Trying, Deadline can reveal.

Netflix has released an official statement following the tragic death of actors Raymundo Garduño Cruz and Juan Francisco González Aguilar who were working on the series The Chosen One in Mexico.

Brent Lang Executive Editor of Film and MediaNetflix is bracing for its next round of layoffs as the streaming giant looks to cut costs in the wake of its stock troubles.Impacted staff are expected to be told at the end of the week. It’s unclear what departments are going to be hit, but sources suggest that the cuts could be similar in size to the round of reductions undertaken in May. At that time, Netflix laid off 150 employees and dozens of contractors and part-time workers.

Such a tragedy…

Two people have died and six others injured after a van carrying crew from Netflix show The Chosen One was involved in a serious crash in Mexico. Actors Raymundo Garduno Cruz and Juan Francisco Gonzalez Aguilar both died from injuries sustained in the crash in the Baja California Sur peninsula, the Baja California Department of Culture confirmed on Friday.The van is said to have flipped after running of the road in a desert area on Thursday June 16, according to local media.The crew had apparently been working in the nearby Santa Rosalia area at the time of the crash.

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