Netflix Co-CEOs Ted Sarandos And Greg Peters Signal No Near-Term Strategic Changes As Reed Hastings Passes The Baton: “Mostly It’s Just Continuity And Moving Forward”

Kenya Barris and Jonah Hill’s romantic comedy You People debuted at the top of the Netflix English-language film list for the week of January 23 to January 29.

Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff atop its executive ranks.

Interesting news on the streaming front: Netflix reported its Q4 2022 earnings yesterday, and the platform outperformed its goal for new subscribers to close out the year. Variety reports that the numbers exceed Netflix’s target of 4.5 million additions with 7.66 new subscribers.

Netflix’s landmark entry into ad-supported streaming, which began last November, is off to a “solid” start and will soon bring in at least $3 billion in annual revenue, executives said.

Ted Sarandos addressed Netflix’s limited theatrical release of Glass Onion: A Knives Out Mystery during the streamer’s Q4 earnings call on Thursday, echoing executive chairman Reed Hastings‘ previous remarks that releasing the film in theaters was meant more as a promotional tactic for the streamer.

On the heels of the announcement that Netflix would stream the SAG Awards beginning in 2024, co-CEO Ted Sarandos spoke more about the streamer’s approach to live programming during Thursday’s Q4 earnings call.

Netflix beat forecasts for subscriber gains for the fourth quarter and also edged revenue estimates, but pressure on earnings per share reflected broader challenges in the streaming business.

Netflix has a new Co-CEO.

EXCLUSIVE: Some were expecting Netflix to curb their acquisitions here in Park City, but, as we told you earlier this morning, never count them out of the Sundance marketplace. Before its premiere in the midnight section tonight, the Reed Hastings-Ted Sarandos-run streamer has scooped up a majority of global rights on the Australian horror movie, Run Rabbit Run, starring 2x Emmy nominated Succession actress Sarah Snook. XYZ Films, which co-funded the film, brokered the deal with Netflix on behalf of the filmmakers. 

Antony Root, the long-serving HBO Max EMEA original programming chief, is to exit his role at Warner Bros. Discovery (WBD) and retire from the industry.

There’s no surprises on Netflix‘s English-language TV and film charts in the U.S. for the week of January 9 to January 15.

Netflix, now with advertising to sell, has swooped in to take the traditional CBS slot capping off the traditional broadcast upfront week in May.

HBO Max is increasing its monthly price to $15.99 from $14.99 today, the first uptick in pricing since the streaming service launched in May 2020.

Netflix Animation had a strong slate of projects last year, including “The Sea Beast,” the criminally underseen “Wendell & Wild,” and “Guillermo del Toro’s Pinocchio.” So what animated projects hit the streamer this year? One of the first is “My Dad The Bounty Hunter,” a family adventure that spans the galaxy. READ MORE: The 70 Most Anticipated TV Shows & Mini-Series Of 2023 The upcoming follows a couple of siblings who sneak their way into their dad’s latest work trip, only to realize he’s a space bounty hunter in hot pursuit of a fugitive.

Netflix released its trailer today for the upcoming Reese Witherspoon-Ashton Kutcher romantic comedy Your Place Or Mine, providing some details to the plot of the love (or not) story.

EXCLUSIVE: Netflix has renewed Mo for Season 2,. It will be the praised comedy series last, brining Mo Najjar’s journey for asylum to a conclusion.

Netflix might not be in the live sports business but the streamer is certainly planning a lot of athletic content.

Another year, another massive slate of brand-new content on Netflix. So what does the streamer have in store for its subscribers this year? On the YA front, one of Netflix’s biggest showcases for 2023 is “Lockwood & Co.,” based on Jonathan Shroud‘s hit book series from the 2010s.

Netflix co-founder Reed Hastings has given $20 million to Minerva University, a school focused on educating what it describes as “new generations of wise leaders and purpose-driven entrepreneurs” from dozens of countries.