Netflix Studios U.K. Posts $114 Million Revenue, 31% Increase Year-on-Year

Ryan Murphy is continuing his reign over Netflix.

Mipcom — the first full-strength edition of the fall confab since 2019 — prepares to come to a close in Cannes on Thursday, Variety presents the top takeaways from a vibrant market. Mipcom Proves Itself Those of us who saw tumbleweeds rolling across the Croisette at a painfully quiet Mipcom 2021 and Miptv earlier this year will know that this Mipcom was the first since since pre-pandemic times that the international TV industry has congregated from all over the globe. Morale was sky high as sellers saw their Asian contacts for the first time in three years, and U.S. studios assured global buyers amid a strained period of domestic consolidation. While specialized markets such as Series Mania, MIA, Realscreen and Sunny Side of the Doc returned this year, delegates seemed to recognize the value of having the entire industry together in one place. Mip organizer RX has confirmed that MipTV is indeed going ahead in April — and will likely face the perennial struggle of getting exhibitor buy-in — but if there’s anything no one is questioning, it’s the fact that Mipcom is an essential meeting of minds for television.

Netflix co-CEO and chief content officer Ted Sarandos tossed cold water on hopes that the streamer’s recent deal with major cinema chains for Glass Onion: A Knives Out Mystery could be the start of something bigger.

Netflix said today that its closely watched paid membership number is becoming “just one component” of total revenue growth, so as of the fourth quarter it will stop offering forward-looking subscriber forecasts.

Netflix has been in the video game space for close to a year and is doubling down.

Todd Spangler NY Digital Editor After two straight quarters of subscriber losses, Netflix returned to growth in the third quarter of 2022 — and told investors it’s expecting a strong Q4 to finish the year, even though it doesn’t expect big gains right away from the launch of its cheaper, ad-supported plans. The streaming giant reported 2.41 million net new paid subscribers in Q3, including a gain of 100,000 in the U.S./Canada region, to stand at 223.1 million worldwide as of the end of September. That handily topped Netflix’s previous forecast of a 1 million pickup for the period. For Q4, Netflix expects to gain 4.5 million new streaming customers, compared with 8.3 million in the year-earlier quarter. Netflix Basic With Ads is slated to launch in the U.S. on Nov. 3 and priced at $6.99 per month — three dollars less than the regular Basic plan. Similar ad tiers are also coming next month to 11 other countries: Australia, Brazil, Canada, France, Germany, Italy, Japan, Mexico, South Korea, Spain and the U.K.

last quarter that it would add 1 million subscribers, and it now sits at 223.09 million global subscribers. But Netflix also is looking up for the fourth quarter after moving up the launch of its ad-supported pricing tier to November, having unveiled the details of the cheaper plan that starts at as low as $6.99/month earlier in October, and it further suspects that it will reach 227.57 million for Q4. “After a challenging first half, we believe we’re on a path to reaccelerate growth.

Meet any high-profile Indian director or producer these days, and the talk is all about bibles, writers rooms and showrunners, rather than making films. Driving down Mumbai’s main artery, the Western Express Highway, most of the billboards are promoting new premium drama series from Prime Video, Netflix and Disney+ Hotstar, rather than the latest Bollywood release.

The mammoth cast of Rian Johnson’s murder mystery sequel, Glass Onion: A Knives Out Mystery, sidestepped spoilers and jumped over plot lines as they presented their film Sunday morning at a London Film Festival press conference.

Industry veterans Emad Morcos, former OSN Chief Content and Commercial Officer; Amanda Turnbull, who was previously General Manager at Warner Bros Discovery Middle East, Africa and Turkey; and Amel Farag, former Head of Content Commercial Strategy at OSN have joined forces to launch Rise Studios.

Manori Ravindran International Editor Former Warner Bros. Discovery and OSN executives are teaming up to form a new content studio serving the Middle East and North Africa, Variety can reveal. Rise Studios is being set up by industry veterans Emad Morcos, former OSN chief content and commercial officer; Amanda Turnbull, former general manager at Warner Bros. Discovery Middle East, Africa and Turkey; and Amel Farag, former head of content commercial strategy at OSN. Rise will invest in local content and talent in order to launch homegrown film and TV productions on both regional and global broadcasters and streaming platforms.

Netflix show ever. The platform’s statistics for the week of Oct. 3rd to the 9th showed that the drama, starring Evan Peters as notorious serial killer Jeffrey Dahmer, drew in 205.33 million hours of viewing time worldwide.

Jeffrey Dahmer victim Tony Hughes, has spoken out against the Netflix series,, which depicts the serial killer’s murders. “I don’t see how they can use our names and put stuff out like that out there,” she said. In an interview with the , Shirley, now 85, has joined the growing number of relatives who have slammed Ryan Murphy’s dramatization starring Evan Peters as the gruesome killer who murdered 17 men and teenage boys over 13 years.

EXCLUSIVE: James Reed, director of Oscar-winning Netflix documentary My Octopus Teacher, has struck a one-year development partnership with BBC Studios.

Prince Harry and Meghan Markle are “secretly planning a year-long reconciliation with the royal family” - but not just yet. According to reports, the Duke and Duchess of Sussex will only get in contact with the royals after their Netflix show airs and Prince Harry’s memoir is released, says the Daily Mail.

EXCLUSIVE: Ireland’s Lighthouse Studios is developing its first original series, Savage Town.

Hello Sunshine has added two senior executives. Stefanie Markman is joining the Candle Media company as General Counsel and EVP, Business and Legal Affairs, and Wifreddy Chiang as EVP, Finance and Accounting.