Workplace romance is a tricky game. Sure, sometimes it can work out and be a wonderful thing.
19.07.2023 - 22:57 / deadline.com
Netflix is often mentioned as an M&A player when a studio or media group is up for sale, but don’t expect the streamer to buy a major Hollywood business any time soon.
Co-CEO Ted Sarandos, speaking on the company’s second quarter earnings call, said that he’s more interested in buying IP.
“We’ve always looked at these things in terms of the opportunity of IP, versus those assets, some of those assets are stressed for a reason,” he said. “When we would look into our M&A activity, it would be mostly around IP that we can develop into great content for our members, which is our real strength and business. We have traditionally been very strong builders over buyers and that really hasn’t fundamentally changed. But if there are opportunities that give us access to pools of IP that we can develop into and against, that could be super interesting.”
Over the years, other than a handful of small animation businesses and VFX studios, the company has focused on acquiring the likes of Jupiter’s Legacy producer Millarworld, in 2017, StoryBots in 2019, and The Roald Dahl Story Company in 2021.
There has also been much talk of Netflix syndicating its content to other buyers after its initial run on the streaming service, but this was played down by Sarandos.
“We think we’re taking the right course in terms of offering the content to our members and having it around even after its original run on Netflix. The syndication market, the home video markets that continue to exist today are kind of contracting in a way that isn’t too exciting to build up against, versus this opportunity we have to please our members and fill our members with our content all the way back through the history of our content,” he added.
Sarandos added that when
Workplace romance is a tricky game. Sure, sometimes it can work out and be a wonderful thing.
As Princess Beatrice celebrates her 35th birthday today (Tuesday, August 5), she can surely expect a lovely day surrounded by her young family. As well as husband Edoardo and their daughter Sienna, the couple are co-parents to Christopher Woolf Mapelli Mozzi (better known by his nickname 'Wolfie').The seven-year-old is Edo's son with US-born architect Dara Huang and has been fully embraced by Princess Beatrice - who has lovingly referred to him as her "bonus son". Wolfie's mum previously spoke about her young son on social media and expressed her thoughts on why she is so pleased he is educated in the UK, rather than in her native U.S.
Naman Ramachandran Netflix has unveiled the first trailer for series “Guns & Gulaabs,” starring Dulquer Salmaan (“Chup”) and Rajkummar Rao (“Bheed”). The series is created by India-based filmmaking duo Raj Nidimoru and Krishna D.K. – popularly known as Raj & DK – as part of a multi-year creative partnership with Netflix under their D2R Films banner.
EXCLUSIVE: A second major transatlantic drama series on the Lockerbie bombing terror attack is in the works — this time at the BBC and Netflix.
Kerry Katona has revealed that her 'colourful life' is set to be made into a small screen film which will air on Netflix. The 42 year old mum-of-five has had a chequered - and well documented - history, since she first burst onto the scene in 1998 as part of the girl band, Atomic Kitten. She's been married three times, struggled with drug addiction and multiple bankruptcies, and endured mental and physical abuse at the hands of her ex-husband, George Kay, who died in 2019.
The 25th season of “Big Brother” is getting ready to roll, and in advance of next week’s premiere a trio of show legends crashed the house to make a big reveal.
Netflix has sparked an outcry by listing a vacancy for a new $900,000-a-year product manager role for their AI Machine Learning programme in the midst of the SAG-AFTRA strike.The Screen Actors Guild (SAG-AFTRA) union went on strike earlier this month, after negotiations broke down with the Alliance of Motion Picture and Television Producers (AMPTP) over streaming residuals and safeguards against AI technology.According to the job description, the Product Manager position will focus on “increasing the leverage of our Machine Learning Platform.” The MLP is Netflix’s in-house AI program, which has traditionally been used to power the streamer’s algorithmic recommendations. Per Netflix’s research page, the company is now making more use of the program to “optimise” film and TV production, although it’s not clear how they plan to do so.We all know one of the biggest issues both of the striking guilds, the WGA and SAG-AFTRA, have with AMPTP’s offer for a new contract is a lack of protection against and regulation of AI.
Studios are seemingly investing a lot of money in AI and a job post at Netflix shows the streamer is looking to fill an AI Producer Manager role that could pay up to $900K a year.
EXCLUSIVE: Despite all the champagne popping at Warner Bros and Universal over the bananas box office success of Barbie and Oppenheimer, distribution executives continue to sweat over a possible lengthy SAG-AFTRA strike that is already blowing up the fall release calendar. We told you first last week this was going to happen. All major motion picture studios are assessing release-date changes the longer SAG-AFTRA strike goes on. Many want their stars to promote these films.
Robert Downey Sr., the younger Downey made his acting debut at age five, playing the ironic role of a sick puppy n his father’s film “Pound.” Downey Jr. found early success as an adjunct member of the Brat Pack, starring in the nihilist classic “Less Than Zero.” He earned his first Oscar nomination for his portrayal of Charlie Chaplin in the eponymous film. Downey has famously, and publicly, battled substance abuse, spending much of the 90’s and early aughts in and out of treatment centers and correctional facilities before finally getting sober in 2003 and making the unlikely leap from getting high to becoming the highest paid actor in Hollywood.
Ariana Grande may already have already found a new beau, but was he really even on the market to begin with?
Robert Downey Jr. has revealed that he’s a fan of Sleaford Mods.While promoting his new film Oppenheimer, the actor appeared alongside director Christopher Nolan in an autocomplete interview for Wired.During the interview, Downey Jr.
Chris Willman Senior Music Writer and Chief Music Critic Reading between the lines of country superstar Jason Aldean’s “Try That in a Small Town” has mostly been up to media commentators and social media participants so far, but one country/Americana singer has taken up the duty of writing a satirical number that spells out some of what Aldean’s critics believe are undertones implicit highly contentious hit. A criticism that has come Aldean’s way has been that the ominous language of “Try That in a Small Town” echoes the coded or uncoded threats that have historically been associated with the South’s “sundown towns” — places where, in the most dangerous eras of segregation, people of color and other outsiders were advised to get out of before dark. Now the singer known as Adeem the Artist has made that interpretation of Aldean’s “See how far ya get down the road” lyrics explicit with a parody song posted on social media called “Sundown Town.” (Hear the song embedded in the artist’s tweet, below.)
Wall Street reviews of Netflix’ latest earnings ranged from upbeat to more cautiously optimistic, with the latter taking hold today after a major jump in net new subscribers failed to ignite sales last quarter.
Disney CEO Bob Iger already made his perspective clear about the ongoing guild strikes last week before the SAG-AFTRA one commenced. Now it’s Netflix CEO’s Ted Sarandos‘ turn.
Jennifer Maas TV Business Writer Netflix co-CEO Ted Sarandos addressed Hollywood’s dual SAG-AFTRA and WGA strikes alongside the release of the company’s Q2 earnings results Wednesday. Sarandos said: “Let me start by making something absolutely clear: This strike is not an outcome that we want. We make deals all the time. We are constantly at the table negotiating with writers with directors with actors and producers with everyone across the industry. And we very much hoped to reach an agreement by now. So I also want to say, if I may, on a personal level, I was raised in a union household. My dad was a member of IBEW Local 640, he was a union electrician. And I remember his local because that union was very much a part of our lives when I was growing up. And I also remember on more than one occasion, my dad being out on strike. And I remember that because it takes an enormous toll on your family, financially and emotionally. You should know that nobody here, nobody within the AMPTP, and I’m sure nobody at SAG or nobody at the WGA, took any of this lightly. But we’ve got a lot of work to do there. There are a handful of complicated issues. We’re super committed to getting to an agreement as soon as possible, one that is equitable, and one that enables the industry and everybody in it to move forward into the future.
Netflix stands to benefit from the dual strikes underway in Hollywood while competitors like Disney and Apple will get “weaker,” in part because of the streamer’s vast international production pipeline, a top media-stocks analyst said Wednesday on the brink of earnings season.“The strike plays to their advantage,” Michael Nathanson, founding partner of SVB MoffettNathanson, said on CNBC’s “Squawk Box.” “I’ve not been a Netflix bull, but their setup for this quarter and the next 12 months is incredibly strong.”Co-host Andrew Ross-Sorkin seized on that notion, seeking to clarify whether Nathanson meant Netflix would get stronger merely relative to its competition – or if it could help the streamer overall. The answer seemed to be: a bit of both.“I think relative, clearly, right?” Nathanson said.
Netflix will be first out of the gate with quarterly earnings after market close today amid a level of Hollywood labor strife not seen since the 1960s. Writers and actors are protesting declines in pay and working conditions — an industry shift that many blame on the company whose name is synonymous with streaming.
Todd Spangler NY Digital Editor Netflix’s move to start broadly monetizing password-sharing users — after years of tacitly allowing the practice with a wink and a nod — could help the streamer beat Q2 2023 earnings targets. The company again kicks off tech and media sector’s second-quarter earnings season, scheduled to report Q2 earnings on Wednesday (July 19) after the market closes. A key question on investors minds will be how well Netflix is prepped to weather the double-whammy of SAG-AFTRA and WGA strikes. In April, before either of the strikes commenced, co-CEO Ted Sarandos told analysts, “We do have a pretty robust slate of releases to take us into a long time” in the event of labor walkouts.
There was shock and disbelief after a woman's body was discovered on a popular footpath next to a retail park in Rochdale this morning.