Hannah Dodd is excited to be joining the “Bridgerton” story.
19.07.2022 - 23:17 / variety.com
Todd Spangler NY Digital EditorNetflix disclosed that it took a $70 million charge for severance costs in the second quarter, as the company adjusts its operating model for slower top-line growth.Netflix made several rounds of layoffs in the second quarter. On June 23, the company said it laid off 300 employees, as first reported by Variety.
That came after it let go about 150 staffers in May and in April laid off about 25 employees in its marketing group, including many on its Tudum fan-focused content team.The company announced the restructuring charge as part of releasing Q2 2022 results on Tuesday. Netflix subscriber losses came in lower than forecast, with the streamer shedding 970,000 net customers in the period compared with its previous guidance of a loss of 2 million.
Click here to sign up for Variety’s free Strictly Business newsletter covering earnings, financial news, and more.“We’ve adjusted our cost structure for our current rate of revenue growth,” the company said in its letter to shareholders.In addition to the $70 million in severance costs, Netflix took an $80 million non-cash impairment charge for “certain real estate leases primarily related to rightsizing our office footprint.”Excluding those items totaling $150 million and the foreign-exchange impact of the stronger U.S. dollar in the quarter, operating profit and operating margin were “slightly ahead of our guidance forecast,” the company said.In the U.S.
and Canada, Netflix revenue and average member per member (ARM) both increased 10% year over year, excluding the impact of foreign exchange. The company lost 1.3 million subs in the UCAN region but Netflix said that retention improved over the course of the quarter and “while churn remains
.Hannah Dodd is excited to be joining the “Bridgerton” story.
Geoffrey Owens is opening up about his son, Jordyn Owens, acting debut.
Trouble in the ton! Netflix’s Bridgerton has fast become one of the streamer’s most popular hit series, which soon inspired plenty of fan theories, content creation and original music.
The Great British Bake Off is one of the most popular reality shows on the air today and fans have been interested in the three judges and how they make their money!
Production on season three of The Witcher has been halted, according to online reports.
Idris Elba has said the upcoming Luther movie is a ‘massive achievement’ for the cast and crew. The Hollywood star, who scored his breakthrough role in hit US TV series The Wire 20 years ago, also revealed the Netflix film version of his breakthrough BBC detective drama is close to completion.
Netflix has greenlit a premium documentary on software pioneer John McAfee, who went on the run after his neighbor was murdered in Belize.
Selome Hailu Netflix’s $200 million bet on “The Gray Man” has begun to pay off. The Ryan Gosling-led action flick, which is among the streamer’s most expensive movies to date, was viewed for 88.6 million hours during its first three days of availability after premiering on July 22. The film easily took the No.
Pallavi Sharda and Suraj Sharma take over the dance floor in these brand new images from their new Netflix movie, Wedding Season.
Netflix has announced its collaboration with Danish filmmaker Nicolas Winding Refn’s on drama Copenhagen Cowboy, which marks his first production in his native Denmark in 15 years.
Netflix have announced they will charge for password sharing in an additional five countries, as the streaming giant continues to crackdown on the practice.Today (July 22), news broke that Netflix have asked customers in five more countries – Argentina, El Salvador, Guatemala, Honduras and the Dominican Republic – to pay additional fees if they are sharing their password with viewers outside of their household. The additional fees vary between countries but users can expect to pay no more than an additional US$2.99.According to IGN, the extra cost won’t affect the use of the streaming service from mobile devices.
EXCLUSIVE: Happy Endings alum Adam Pally has joined the cast of Arnold Schwarzenegger’s untitled spy adventure Netflix series in a key recurring role.
Carole Horst Glass-blowing competition series “Blown Away” returns to Netflix July 22, with new artists, judges and challenges. The series, produced by Toronto’s Marblemedia, found fans on Netflix during the pandemic.
Seoul Vibe. Netflix Golden, a social media channel of the streaming platform dedicated to celebrating the pan-Asian diaspora, took to Twitter to announce Seoul Vibe will begin streaming on August 26.The announcement also arrived alongside the first visual for the new movie: a poster depicting two race cars forming the number “88” through skid marks, setting the stage for the film’s setting in 1988. “Drive back to 1988,” reads the poster.Seoul Vibe: coming Aug.
How To Build A Sex Room has a lot of merit on paper.Netflix’s new show looks like a fabulous opportunity to showcase a whole range of different types of human relationships on television. And they do, including heterosexual couples, a gay couple in a long distance relationship, two women living out of a van, a couple exploring non-binary sexuality and even a sex room for a polyamorous family of seven!@melanieruthrose https://t.co/bdHR4ZLHa4 pic.twitter.com/KLXAc2HWNu— melanieruthrose (@melanieruthrose) July 21, 2022 One of the first questions that a viewer would think of is whether a sex room conversion consultant service actually exist or has some hapless creative chained up in the basement of Netflix, finally scraping the bottom of the ideas barrel, thought of this idea up out of sheer desperation for new content?It turns out the host of this show, interior designer Melanie Rose, does actually, at least according to her website, provide this consultation as a service to interested parties and has been for at least the last ten years. “In the last decade I have specialized in creating sacred spaces, fantasy rooms (sometimes called sex rooms), giving my clients an exclusive experience.”I wrote about "How to Build a Sex Room," the Netflix show about, well, it's kind of obvious from the title, isn't it? Anyway, if you're looking for how to kink out your space….
The recent pink-slipping of hundreds of employees cost Netflix a bundle, with more likely to come.