Joey King and Zac Efron have officially kicked off filming for their upcoming Netflix rom-com!
20.07.2022 - 03:13 / deadline.com
Netflix executives see content spending of about $17 billion in 2021 lingering there for the next several year through 2023.
It’s the latest shift for the giant streamer that’s always been gung-ho about spending and was seen as nosing up to the $20 billion range. But as part of its own, and an overall industry rethink, “We are expecting to spend about $17 billion this year, and we are in the right zip code,” said CFO Spencer Neumann.
“We have come through a pretty big business transition,” he said during the company’s second-quarter video call post earnings, referring to a plunge over the last five-to-ten years into original production, which now makes up over 60% of the total. Content spend will continue to grow but be “moderated” he said. “We have gotten smarter in how we can direct our spend for greatest impact.
“We spent the way we spent to get to where we are today,” said co-CEO Ted Sarandos, agreeing that “in general, we are kind of in the right zip code” for the next few years.
The execs stressed that Covid costs, which have inflated total spending recently, are way down.” Stranger Things 4 came up again in this context — it helped stem subscriber losses last quarter but it inflated overall costs.
“That show, in particular, was affected as much as any [by Covid] because of the young cast, and the size and scope of the production, and multiple locations we shot it in. It was a very expensive burden to deliver it,” Sarandos said, prompted by founder and co-CEO Reed Hastings.
“One of the catalysts for splitting the season in half was how long it took to produce that show and a lot of that was stalled because of early shutdowns of the production, and restarting production and being extremely careful with the cast of the
Joey King and Zac Efron have officially kicked off filming for their upcoming Netflix rom-com!
Naman Ramachandran Netflix has released the trailer of the second season of “Delhi Crime.”Shefali Shah returns in the lead role of deputy commissioner of police Vartika Chaturvedi AKA ‘Madam Sir.’ In the new season, the Delhi police must deal with a series of grisly murders in the face of escalating public fear and the growing demands for answers.The cast also includes Rasika Dugal, Rajesh Tailang, Adil Hussain, Anurag Arora, Yashaswini Dayama, Sidharth Bhardwaj, Gopal Dutt, Denzil Smith, Tillotama Shome, Jatin Goswami, Vyom Yadav and Ankit Sharma. The writing team includes Mayank Tewari, Shubhra Swarup, Vidit Tripathi, Ensia Mirza, Sanyuktha Chawla Shaikh and Virat Basoya.Shah said: “I love every character I’ve played but Vartika Chaturvedi will always be super special. And I’m so proud of the role and ‘Delhi Crime’ as a show.
EXCLUSIVE: Felicity Morris and Bernadette Higgins, the filmmakers behind Netflix’s documentary phenomenon The Tinder Swindler, have signed with Anonymous Content.
Caruso had spent more than $40 million of his estimated $4.3 billion on his campaign through the primary — far exceeding the $10.2 million LA Mayor Eric Garcetti spent on his 2013 campaign. Caruso’s expenditure includes a $37.5 million loan that the billionaire made to himself.
Thinus Ferreira Guest ContributorNetflix’s top executive team in Africa plans to continue spending on scripted and unscripted content across genres until it unearths the big “Squid Game”-like show that captures global buzz.During Tuesday’s “See What’s Next Africa” showcase in Johannesburg, South Africa, the streamer unveiled several African original renewals, some co-production developments, more details around existing projects, and another multi-project output deal with the South Africa filmmaker Mandlakayise Walter Dube for films and series.Under the partnership, Dube — who directed Netflix’s first commissioned African film “Silverton Siege,” released earlier this year — will direct a variety of Netflix-owned projects. He joins Nigeria’s Junle Afolayan of Kunle Afolayan Productions and Mo Abudu of EbonyLife Studios who have similar output deals with the streamer already.
Variety, contains signatures from Shonda Rhimes, Issa Rae, Jenny Han, Amy Sherman-Palladino, Natasha Lyonne, Ava DuVernay and many more.More than a month after the Supreme Court overturned Roe v. Wade, states ratifying anti-abortion laws include Georgia, Louisiana and Texas.A bulleted list outlines the specific demands all these Hollywood big names are behind, such as an abortion travel subsidy, safeguarding of medical privacy, medical care — including that for ectopic pregnancies and other complications that require medical treatment via abortion, criminal and civil legal protection, and a pledge to discontinue all political donations to anti-abortion candidates.The letter requires for a written response within 10 business days from July 28, 2022. “We also welcome the opportunity to review the written response with your company representatives for additional context should you wish,” the letter concluded.
Netflix has greenlit a premium documentary on software pioneer John McAfee, who went on the run after his neighbor was murdered in Belize.
Netflix show, and the adoring couple sat down with ET's Lauren Zima to dish on their upcoming projects, life at home as outnumbered parents and design rules to live by.Shea and Syd are usually relegated to their home state of Utah for their design and renovation show, but the couple tells ET they're branching out to different parts of the good 'ol U.S. of A when season 3 drops at midnight on Netflix.«Well, we have a lot of different projects this season and we're not all just in Utah,» Shea says.
Netflix has announced its collaboration with Danish filmmaker Nicolas Winding Refn’s on drama Copenhagen Cowboy, which marks his first production in his native Denmark in 15 years.
The show has been moved to the Varsity Theater in the Dinkytown neighborhood of Minneapolis, where two additional shows were previously added for Thursday and Friday. We hear you.
Stranger Things was financially impacted by the Covid pandemic more than many of Netflix’s other shows, according to Ted Sarandos.
Netflix plans to launch its advertising tier in early 2023 but not all of the shows that are currently streaming on the service will make the cut.
Coming off a better quarter than anticipated, Netflix founder Reed Hastings today was showing some swagger and a lot of thanks to the first part of the latest season of Stranger Things.
Jennifer Maas TV Business WriterNetflix co-CEO Reed Hastings declared during the streamer’s Q2 earnings interview Tuesday that linear television will go the way of the dinosaur within the next decade.“It’s definitely the end of linear TV over the next 5 to 10 years,” Hastings said while discussing Netflix’s financial and subscriber results on the pre-recorded Q&A, which came on the heels of the reveal the streamer lost 970,000 subscribers in Q2. That loss was actually a win for Netflix, which had originally expected to lose 2 million subscribers by the end of June 30.Though very bold, Hastings thoughts on the state of linear television are hardly a shock given his position at the top of the world’s biggest streamer — and they carry forward data touted by Netflix earlier Tuesday.
Shares of Disney, Paramount, Warner Bros. Discovery all closed higher and continued to gain in after-hours trading when Netflix, the dominant streamer, lost fewer subscribers in the June quarter than it said it would.
The recent pink-slipping of hundreds of employees cost Netflix a bundle, with more likely to come.