Netflix has topped this year’s list of distributors nominated for BAFTA film awards for the fourth year running with 21 nominations overall.
20.01.2023 - 04:27 / deadline.com
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.
“The hardest step is that first step as you’re crawling,” Co-CEO Greg Peters said during the company’s fourth-quarter earnings interview. Netflix’s decision to offer a cheaper, ad-supported tier stunned the industry last year, given the company’s adamant assertions that privacy issues and other concerns would keep them from doing so.
Although it is “ridiculously early,” Peters added, “we’ve learned a bunch already.” One important finding is that viewer engagement, he said, is “comparable to similar users on our non-ad plans.” Take rate and growth on the $7-a-month tier is also “solid,” Peters said, “due to incremental subs coming into the service because we have a lower price point.” He reiterated the company’s frequently articulated view that it does not expect customers to switch plans and cannibalizing the existing business of ad-free subscriptions.
“We’re just getting started,” Peters said. “We’re constantly improving and we see the trajectory ahead of us.”
The comments followed the company’s report of fourth-quarter earnings, whose highlight was a sharp increase in new subscribers, well ahead of Wall Street analysts’ growth estimates. Along with the numbers, the company said Peters, formerly COO and head of product, has been installed as Co-CEO along with Ted Sarandos, who has held the title since 2020. Co-Founder and Co-CEO Reed Hastings is becoming executive chairman after 25 years in the corner office.
During the video interview, Hastings suggested that Peters and CFO Spence Neumann deliver an analysis of Hulu’s ad business,
Netflix has topped this year’s list of distributors nominated for BAFTA film awards for the fourth year running with 21 nominations overall.
Netflix, after pulling itself out of a grueling series of setbacks in the first part of 2022, will face another test Thursday afternoon when it reports fourth quarter financial results.
For a second straight year, YouTube will host its annual Brandcast pitch to video ad buyers during the heart of what had been a week dominated by traditional TV network upfronts in New York.
Sales are so good behind the Orange curtain that Netflix wants more from the Oppenheim brothers: It has renewed Selling The OC for two additional seasons.
Earlier today, Netflix unveiled its teaser trailer for all of the major film releases the streamer will debut in 2023. Yes, there were the usual suspects, folks like Kevin Hart, Adam Sandler, and Chris Hemsworth all have new projects coming to Netflix, per usual.
Discovery+ Goes Free On Sky
Michael Beale admits Antonio Colak is "touch and go" for Rangers' Viaplay Cup semi-final with Aberdeen this weekend.
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.
Kerry Washington (The School for Good and Evil) will exec produce and star in Six Triple Eight — the WWII drama that Tyler Perry is writing, directing and producing for Netflix, which has now entered production.