Netflix May Launch Cheaper Ad-Supported Plan in Q4 2022

Todd Spangler NY Digital EditorDisney is anticipating that over the long term, the majority of Disney+ customers will pick the lower-cost, ad-supported plan, which is set to launch later this year.“Based on our Hulu experience, we actually have more AVOD [ad-supported video-on-demand] than SVOD [subscription VOD] subscribers,” Disney CFO Christine McCarthy said, speaking Wednesday at the 9th Annual MoffettNathanson Media and Communications Summit. “We expect about the same percentage for both Disney+ and Hulu, just based on the experience curve we’ve witnessed.”A few years ago, Hulu revealed that 70% of its viewers were on ad-supported plans with the remainder on the pricier ad-free version.Since announcing plans to roll out Disney+ with ads in March, the company has mostly been mum on details about Disney+ with ads, saying only that it will be less expensive than the ad-free version (currently $7.99/month in the U.S.) and will debut first in the U.S.

Netflix’s fabled “culture deck,” which over the years has taken on the importance of the Magna Carta in tech and business circles, has gotten some updates reflecting the streaming giant’s current circumstances.

Todd Spangler NY Digital EditorNetflix loves to tout its culture of avoiding rules and minimizing corporate red tape. But of course, the company does have operating guidelines, famously detailed in the Netflix Culture document posted on its website.

ad-supported tier as soon as the end of 2022, according to a note to employees obtained by the New York Times.That’s also when Netflix plans to begin cracking down on password sharing, the newspaper reported Tuesday. Both the crackdown on password sharing as well as the ad-supported tier were ideas that the streamer had already floated in response to the Q1 loss of 200,000 subscribers that the company reported last month.

Netflix is intensifying its surprisingly sudden embrace of advertising, signaling to employees that it may roll out a cheaper, ad-supported tier of its streaming service by the end of 2022.

Netflix has opened an office in Italy and unveiled a huge slate of scripted and unscripted series and films from many of the country’s biggest producers, with Co-CEO Reed Hastings detailing the streamer’s roots in the nation.

Nick Vivarelli International CorrespondentNetflix on Friday officially opened its Italian base in Rome, in a classy neoclassical building near the iconic Via Veneto, and announced a substantial slate of originals that stand as testament to what co-CEO Reed Hastings called the streaming giant’s “growing business in Italy.”“The breadth and variety of our Italian slate perfectly represents our ambitions,” said Hastings, who took the stage at the presentation’s conclusion. Hastings took the opportunity to note how pleased he is that Paolo Sorrentino’s “The Hand of God,” which Netflix produced, scooped top honors at Italy’s David di Donatello Awards, the country’s top film prizes, earlier this week.Netflix’s new Italian slate is headlined by a high-end English-language series adaptation of “The Leopard,” the classic Sicily-set novel by Giuseppe Tomasi di Lampedusa.

An official teaser for the new season dropped Thursday evening as part of the multi-day Netflix Is a Joke: The Festival, where the cast assembled to tee up what's next. The 104-second video opens with Daniel's devastating loss at the All Valley Tournament, effectively shuttering Miyagi-Do Karate, and the reminder that Chozen, a character played by Yuji Okumoto from , has re-emerged to help Daniel on his quest.«This is what we're up against,» Daniel tells Chozen as they watch Silver's fear-inducing commercial promoting his no-nonsense karate school.

Matt Blank, interim CEO of AMC Networks, said the company has “no plans” for ad-supported tiers of its family of targeted streaming services including Shudder, Acorn TV and AMC+.

A Netflix shareholder has sued the streamer for violating securities law after slowing subscriber growth led to a sharp decline in the company’s stock price.

Space Force has been cancelled by Netflix after two seasons.The streaming platform announced that the Steve Carell-led comedy series, which he co-created with The Office showrunner Greg Daniels, will not be returning for a third run of episodes.This comes just two and a half months after the release of the second season, which has received middling to negative reviews from critics.A parody of ex-president Donald Trump’s genuine desire to establish a Space Force as the sixth branch of the US military, Space Force centres on the everyday failings and absurd antics of General Mark R. Naird (Carell) and his team as they launch various space-related operations.Alongside Carell, the show starred John Malkovich, Ben Schwartz, Tawny Newsome, Jimmy O.

It was announced last year that Netflix is working on a That ’70s Show sequel series and now the cast has been confirmed!

David Zaslav and Endeavor’s Ari Emanuel scored nine-figure compensation packages, a Day-Glo illustration of the lengths that board rooms go to reward the men (and it is exclusively men) at the top. Those gaudy figures came largely in the form of stock options, which means the take-home pay could shrink if the market takes a nosedive, but both men are still among the most richly remunerated in this or any industry.

Over the years, many actors have made the pivot to feature film directing: Ben Affleck, Denzel Washington, Angelina Jolie, Olivia Wilde, and more. Another high-profile example is Bradley Cooper, who saw his directorial debut, a remake of “A Star Is Born,” land eight Academy Award nominations, eventually walking away with Best Original Song for Cooper’s co-star Lady Gaga.