Netflix Braces for More Layoffs This Week

Brent Lang Executive Editor of Film and MediaChris Evans has joined the cast of “Pain Hustlers,” teaming up with Emily Blunt in the upcoming Netflix production. The package was the hottest sale at this year’s Cannes market, commanding a price tag in excess of $50 million.

Netflix Greenlights Swedish Comedy ‘One More Time’ Starring Hedda Stiernstedt

Todd Spangler NY Digital EditorBlame it on Vecna.Netflix’s streaming service was unavailable for a brief period early Friday after the highly anticipated release of the final two episodes of “Stranger Things 4.”According to global uptime-monitoring site Downdetector.com, user reports of problems with Netflix spiked right around 3:01 a.m. ET — when “Stranger Things 4” Volume 2 went live.

Sasha Urban editorNetflix announced on Thursday eight regular and recurring cast members joining the upcoming series “Glamorous.”  Variety exclusively revealed earlier this month that Kim Cattrall will star as makeup mogul Madolyn Addison, while it was previously announced that Miss Benny (“Fuller House”) will star as Marco Meija, who lands a job working for Addison.Zane Phillips (“Fire Island”), Jade Payton (“Dynasty”), Michael Hsu Rosen (“Tiny Pretty Things”), Ayesha Harris (“Tell It Like a Woman”) and Graham Parkhurst (“The Umbrella Academy”) join the cast as regulars. Joining the series as guest stars are Diana Maria Riva (“Dead To Me”), Lisa Gilroy (“Jury Duty”) and Mark Deklin (“Good Fight”).“Glamorous” follows Marco Mejia, a young, gender non-conforming queer person who is feeling stuck in his life until he secures a job working under the legendary makeup executive Madolyn Allison.

Kim Cattrall has lined up another notable TV role. This time, the former star will play makeup mogul Madolyn Addison on the Netflix drama.

was previously announced. Marco Mejia is a young gender non-conforming queer man whose life seems to be stuck in place until he lands a job working for Madolyn. It’s Marco’s first chance to figure out what he wants out of life, who he actually is, and what it really means for him to be queer.In addition to Cattrall’s casting, Netflix also announced several other series regulars, including Zane Phillips, Jade Payton, Michael Hsu Rosen, Ayesha Harris and Graham Parkhurst.

Todd Spangler NY Digital EditorNetflix is celebrating the last two episodes of “Stranger Things 4” with a live, virtual watch party late Thursday night — letting fans tune in for a cast Q&A before the Volume 2 eps go live July 1.For the virtual watch party, Netflix has tapped Scener, a co-viewing platform that lets people watch titles on different streaming services together online. The event is free to access, but you must be a current Netflix subscriber to watch the premiere.Ahead of the two “Stranger Things 4” Volume 2 epsiodes’ premiere at 3 a.m. ET Friday on Netflix, the Scener watch party will host a Q&A starting at 2:15 a.m.

Netflix has officially canceled 11 TV shows this year, but luckily, renewed several other fan favorites.

The Kyle Richards family empire is expanding across reality TV!

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.

Netflix again, with the streamer letting go of roughly 300 staffers on Thursday, Variety has learned exclusively.The cuts are across multiple business functions in the company, with the bulk of the jobs lost in the U.S.These new layoffs, which Variety first reported would be coming earlier this week, hit just a few weeks after the streaming giant — which has a global work force of roughly 11,000 staffers — made an initial round of reductions of similar size in May. At that time, Netflix laid off 150 employees and dozens of contractors and part-time workers.

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.

Disney+ will generate $1.8 billion in U.S. ad revenue by 2025 from its forthcoming ad-supported streaming tier, with Netflix coming in at $1.2 billion, Wall Street analyst Michael Nathanson estimates in a new report.

Netflix just renewed a huge fan favorite for another season!!!

J.

John Mayer recalled a vivid dream he had about the late Bob Saget. It was so vivid, in fact, the dream brought him to tears.The «Edge of Desire» singer recalled the episode during Netflix's special. According to Mayer, a younger version of Saget paid him a visit in his dream, which paved the way for an opportune moment.«The other night I had a dream and I woke up crying because I saw Bob,» he said.