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

The first episode of “Queen Charlotte” features a dedication to Jacqueline Avant which might leave viewers scratching their heads.

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.”

Almost all late-night talk shows, from to, will cease production for likely the whole duration of the strike. During Monday's show, Colbert ran through a number of «news stories» from the future after explaining that the writers are «so important to our show… and this nation owes so much to unions.» As for, the NBC sketch comedy series will air reruns instead of producing new episodes, meaning that Pete Davidson's upcoming debut as host «canceled due to the writers’ strike.»One show that will air as usual is Greg Gutfeld's Fox News program,, which ET has learned «is not impacted by the strike.» With the 2023 TV premiere schedule already mapped out until the end of August, there will not likely be an immediate impact on any current programming rolling out over the next few months — especially most series that have already completed writing scripts on upcoming episodes. For example, «a source close to production [on ] tells that scripts on the hit show have been done for some time, and that filming on the second season won't be affected.»When it comes to Netflix, CEO Ted Sarandos has said, «We have a large base of upcoming shows and films from around the world.

Clayton Davis Senior Awards Editor Writer and comedian Adam Conover blasted David Zaslav, the Warner Bros Discovery CEO, during an interview with CNN on Tuesday, a company Zaslav also oversees. “David Zaslav, the CEO of Warner Bros. Discovery, the parent company of the network I’m talking to you on right now, was paid $250 million last year, a quarter of a billion dollars,” Conover said during his interview with CNN correspondent Sara Sidner. “That’s about the same level as what 10,000 writers are asking him to pay all of us collectively, alright. So I would say if you’re being paid $250 million — these companies are making enormous amounts of money. Their profits are going up. It’s ridiculous for them to plead poverty.”

unable to reach a deal in contract negotiations with the Alliance of Motion Picture and Television Producers.The guild has shared an infographic that outlines the $773 million in combined salary that eight major Hollywood studio CEOs made in 2021. They include Endeavor CEO Ari Emanuel ($308.2 million), Warner Bros.

Netflix will have invested almost $6BN in UK content over four years by the end of 2023, the streamer has revealed.

Netflix on Tuesday announced the new animated films In Your Dreams and Saving Bikini Bottom: The Sandy Cheeks Movie, coming to the platform in 2024, also setting new voice cast for the fantasy adventure Nimona and offering new first-look stills from each of its animated titles debuting over the next 18 months, which you can view above and below.

Netflix is revealing a ton of new animated content!

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

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.

Brad Pitt is reportedly set to go up against race car driver Lewis Hamilton in the British Grand Prix while filming his new movie.

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.

jokingly unveiled a new “award show” during his closing monologue Friday evening, saying it’ll be better than the Oscars and Emmys because it’s dedicated to people brave enough to stand up against the cancel culture. He vowed to present the “Cojones Awards” — a golden statue of dangling testicles — each year moving forward for “outstanding achievement in growing a pair.”The first four honorees getting the “solid brass balls” were actor Ben Stiller, Netflix CEO Ted Sarandos, Trader Joe’s, and Cornell University.Maher said the idea came up a year ago when he and other A-listers were invited to the home of “a very prominent Hollywood producer” where he was asked to moderate a discussion about cancel culture.“The idea was met with great enthusiasm by everyone and in short order, different people were suggesting the ways that they’re very challenged to be put to use,” he recalled.“And then of course being Hollywood, nothing happened.

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.

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.

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 Orders Season 2 Of ‘Rana Naidu’

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 is owning up to the long delay they had with the Love Is Blind live reunion.

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.'”