Netflix Co-Chiefs Reed Hastings And Ted Sarandos On Movie Theaters, PVOD And How Hits Affect Subscriber Trends

Nick Vivarelli International CorrespondentTurkey President Tayyip Erdogan (pictured) has announced the imminent shutdown of all businesses across the country after 10 p.m., including restaurants, movie theaters and concert venues, as the country looks to diffuse a rise in coronavirus cases.Turkey tallied 2,343 new cases on Tuesday according to national health ministry data released in local media.

In late October, European governments — in Germany, Italy and France — shuttered movie theaters, again, amid a rise in COVID-19 infection rates. In the U.S., New York has allowed most theaters in the state to reopen as of Oct.

Netflix bosses Reed Hastings and Ted Sarandos are weighing in on the recent spate of executive exits at the streaming service. After promoting former local language originals vp Bela Bajaria to global TV chief last month, the company said goodbye to three high-ranking execs: English language originals head Cindy Holland, drama exec Channing Dungey and comedy vp Jane Wiseman.

Regal Cinemas is set to reopen 11 movie theaters in New York State after receiving a greenlight from Governor Andrew Cuomo to do so from Oct. 23.

Dade Hayes Finance EditorImagine Entertainment partners Ron Howard and Brian Grazer expect COVID-19 to have an impact on Hollywood for some time to come — just not necessarily on screen.“This period of our lives will not be in the history of film,” Grazer declared during the duo’s virtual appearance at the Wall Street Journal‘s Tech Live conference.

Todd Spangler NY Digital EditorNetflix bid farewell to several senior programming executives in recent weeks — and the company’s two co-CEOs, Reed Hastings and Ted Sarandos, maintained that the turnover is business as usual for the streamer.In September, Sarandos named Bela Bajaria VP of global TV, while VP of original content Cindy Holland was given the “Keeper Test” after 18 years at the company.

Peter White Television EditorNetflix has seen a number of top content execs including Cindy Holland, Channing Dungey and Jane Wiseman leave over the past few weeks – a move addressed by co-CEO Ted Sarandos on the streamer’s third quarter financial results call Tuesday.Sarandos, who moved up to the co-CEO role, having previously been chief content officer, brought the TV division in line with the film side and the animation division under one boss – former Universal Television head Bela

Rebecca Rubin Film and Media ReporterAfter months of nearly constant bad news — theater closures, movie postponements, “Tenet!” — the film industry last week finally received a glimmer of good news: New York Gov. Andrew Cuomo announced that cinemas outside of NYC can start reopening on Friday.Hollywood studios have made it clear that blockbusters won’t return until cinemas in New York and California, two influential movie markets in the U.S., can reopen.

Cinemas outside of New York City will be allowed reopen at limited capacity on Oct. 23, Gov.

AMC Theatres is doing something pretty cool so that people can feel completely safe while watching movies at the theater!

NBC 4 in New York City reported. Precautions will include mandatory mask-wearing and assigned seating.NEW: Starting October 23, movie theaters outside of NYC can reopen at 25% capacity with up to 50 people per screen.

Anthony D'Alessandro Editorial Director/Box Office EditorFinally, exhibition gets a break in the Empire State.During a press conference on Saturday, New York Gov. Andrew Cuomo announced movie theaters outside of New York City can reopen at 25 percent capacity or up to 50 people per screen on October 23rd.

The Mipcom international television market — typically the buzziest and most industry-defying event of the year — wrapped without much fuss on Friday. The virtual-only MIPCOM Online+ had plenty to recommend it — including A-list virtual Q&As with the likes of Netflix co-CEO Ted Sarandos and multi-hyphenate Tyler Perry (this year's MIPCOM Trendsetter award winner)— and there was a steady flow of announcements and deals.

The question that seems to be on most film fans’ minds and definitely the minds of major Hollywood studios is simple, yet difficult to answer—when will movie theaters be back to normal? Namely, when will we see weekend after weekend dominated by new films at the multiplex and record-breaking box office, like we’ve been accustomed to? Well, given the recent decisions by Cineworld and the AMC financial situation, the answer might be “never.” But the heads of two major studios, Warner Bros.

If there is one actor that has seen a huge career boost thanks to the inflated box office receipts from superhero films over the past decade, it’s Chris Evans. Right up there with Robert Downey, Jr., Evans has been the face of the Marvel Cinematic Universe and now is set for life based on being Captain America in the hearts and minds of millions of fans around the world.

expects to run out of cash by the end of the year or early 2021.Even diehard movie buffs have little incentive to go to the theater these days because Hollywood has pushed back their big film releases to 2021 and has been sending their smaller budget films direct to streaming.Disney pushed “Black Widow,” starring Scarlett Johansson, from Nov. 6 to May 2021.

Dade Hayes Finance EditorUPDATED with additional signatories. The list of people in the creative community attaching their names to an urgent appeal to Congress on behalf of movie theaters has grown to 120 names. (See the full list below.)Talent initially joined with the Directors Guild of America, the National Association of Theatre Owners and the Motion Picture Association on September 30 to call for federal government aid for theaters.

Also Read: All the TV Shows That Were Canceled Due to COVID-19 (Photos)And both high profile exits happen just over a month after Bajaria was named global head of television, replacing Cindy Holland.

Gene Maddaus Senior Media WriterThe entertainment industry has turned its focus on Albany, N.Y., over the last week, as it escalates the pressure on Gov. Andrew Cuomo to allow movie theaters to reopen.Inside the Capitol, Assemblywoman Patricia Fahy has also been rallying support for the industry.