Netflix Promises “A More Conventional Model” For CEO Pay Amid Shareholder Discontent

EXCLUSIVE: A deal may not be in the cards tonight, but SAG-AFTRA and the studios could be heading back to negotiations within hours.

EXCLUSIVE: Today’s meeting between SAG-AFTRA and an expanded group of studio CEOs has just ended as the guild scrutinizes the AMPTP‘s long awaited response to their last comprehensive counter.

EXCLUSIVE: There’s real movement in talks between SAG-AFTRA and the studios for a new three-year contract,

EXCLUSIVE: SAG-AFTRA and AMPTP continued to communicate intermittently Sunday as they close in on possibly reaching a new deal that could end the 108-day strike.

EXCLUSIVE: Sunday will not be a day of rest for SAG-AFTRA leadership and the studios this weekend.

EXCLUSIVE: SAG-AFTRA and the studios don’t have a deal, but they are planning on talking more.

Negotiations scheduled Wednesday between SAG-AFTRA and the studios didn’t happen after all — and everyone’s good with that.

Gene Maddaus Senior Media Writer The CEOs of four major entertainment companies offered SAG-AFTRA on Tuesday an improved bonus for the most-watched streaming shows, as well as higher increases in minimum rates. But the studios are still not offering a cut of total streaming revenue, which the actors union has made the centerpiece of its demands to end its 104-day strike. SAG-AFTRA is expected to deliver its response to the studios’ latest proposal today.

EXCLUSIVE: The first day of the latest round of renewed talks between the studios and SAG-AFTRA has ended, with proposed plans for the principals to meet again — possibly in the next day or so.

Netflix’s 250 million subscribers may think of the company primarily as a TV and movie streaming service, 99 percent of them are missing out on a major perk.In recent years, Netflix has branched out into the video games industry.The company has acquired a number of gaming studios, including industry titan Night School Studios, which developed the Oxenfree games.Oxenfree 2 was developed exclusively for Netflix, and yet the streaming platform’s games push is yet to be picked up by subscribers in earnest.In fact, while every Netflix subscription comes with a games library accessed via the Netflix mobile app, it’s unclear how many subscribers even know that the games exist.The library of more than 70 games can be found in the “Mobile Games” row on the Netflix app home screen.It includes award-winning titles including Immortality, Kentucky Route Zero and Before Your Eyes, all of which can be downloaded to mobile and played at no extra cost to subscribers.There are also games to complement popular shows, including ones inspired by Squid Game, Black Mirror and reality TV.But the games feature is little-used, with a report from CNBC revealing just 2.2 million Netflix subscribers — about 0.88 percent — play one of the streamer’s games daily.The stats indicated retention was a problem, with more than 70 million subscribers having downloaded a game at some point and mostly failing to become repeat users.That could be because, while viewers can watch a few minutes of a TV show or movie to get a taste, games require a download and larger time investment.Netflix continues to throw money and resources at the endeavour, with the number of games on the app having tripled in the past year.According to Co-CEO Greg Peters, the streaming

EXCLUSIVE: Ted Sarandos may have insisted today that he and other studio CEOs want to end the over three-month long actors strike and “get everyone back to work,” but for SAG-AFTRA’s chief negotiator, the Netflix boss is full of nothing but hot air.

Netflix Co-CEO Ted Sarandos expects streaming data to become “much more transparent” in the near term, conforming with metrics for movies, TV and music.

Netflix’s multi-year deal with Skydance Animation, which shifted over from Apple TV+, “helps complement the work that we’re doing” with original animated fare, Co-CEO Ted Sarandos said.

Netflix is adamant that it’s not interested in live sports.

Jennifer Maas TV Business Writer Netflix co-CEO Ted Sarandos says that “part “of the reason the streamer has long been tight-lipped about viewership data — even when it came to disclosing numbers to those creating the TV shows and films for the platform — is because of the talent’s own concerns about feeling “pretty trapped” by ratings and box office performance. “At the time we started creating original programming, our creators felt like they were pretty trapped in this kind of overnight ratings world and weekend box office world defining their success and failures,” Sarandos said during a prerecorded analyst interview that went live Wednesday, following Netflix’s report on its third-quarter financial results.

Jennifer Maas TV Business Writer Netflix subscribers grew by 8.76 million in Q3, totaling 247.15 million by the end of the fiscal period Sept. 30.

Negotiations between the studios and the striking actors guild may have come to a sudden halt last week, but according to Netflix today everyone is still talking – even when they aren’t.

When Netflix announced in April that it’s planning to spend $2.5 billion on Korean content across the next four years, on top of the more than $1 billion already spent since 2016, it made the world sit up and take notice.

Canal+ Chairman and CEO Maxime Saada has recalled how he travelled to Los Gatos with an olive branch six years ago.

Netflix’s Ted Sarandos has claimed that SAG-AFTRA asked for a levy on every subscriber to streaming service, which led to the breakdown in talks to end the actors strike.