Netflix has shared its upcoming slate of Turkish productions, including four new original series and a feature film.
18.10.2022 - 23:23 / deadline.com
Netflix topped Wall Street estimates across the board in the third quarter, marking the start of what the streaming giant hopes is its big comeback.
Global subscriber levels reached 223.09 million, up from 220.67 million in the prior quarter, ending a streak of two quarters when subscriber levels fell. Revenue and earnings per share also both came in ahead of expectations.
The gain of 2.4 million subscribers more than doubled analysts’ consensus estimate of 1.09 million. Revenue of $7.926 billion and earnings per share of $3.10 exceeded forecasts for $7.84 billion and $2.19, respectively.
The company has been on its back foot through most of 2022 after two straight quarters of subscriber declines and a 70% drop in stock price (from which shares have bounced back to some extent). Execs have made several aggressive moves aimed at showing employees and Wall Street that it is serious about making a comeback, citing past fiascoes like the aborted 2011 plan to separate its physical DVD business from streaming. The company in recent months has announced a freeze on content spending increases, laid off hundreds of staffers and, most notable of all, reversed a years-long stance on advertising. Netflix’s new, ad-supported tier — priced at $7 a month, a dollar cheaper than the soon-to-launch basic tier of Disney+ — will go live in 12 markets in early November.
“After a challenging first half, we believe we’re on a path to reaccelerate growth,” the company said in its quarterly letter to shareholders. “The key is pleasing members. It’s why we’ve always focused on winning the competition for viewing every day. When our series and movies excite our members, they tell their friends, and then more people watch, join and stay with us.”
Netflix has shared its upcoming slate of Turkish productions, including four new original series and a feature film.
Roku has welcomed Netflix into the ad streaming market.
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Maybe no one remembers anymore because it came out right before the COVID-19 pandemic took over the world, but “The Gentlemen” was a big hit for Guy Ritchie. It made $115 million at the box office, off a $22 million budget, did well with critics, and showcased a big jump in Ritchie’s screenwriting abilities. Miramax loved it, too, so much so that they started developing a spinoff TV series in October 2022, which Netflix involved themselves in earlier this year.
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Back at the beginning of the pandemic, in May 2020, it was announced that Edgar Wright and his filmmaking friend, Joe Cornish, were creating a production company and teaming with Netflix on a variety of projects. It appears the first project to come from that deal is coming soon, as we finally get a teaser for “Lockwood & Co.” READ MORE: ‘Attack The Block 2’: John Boyega Officially Returning For Alien Invasion Comedy Sequel; Joe Cornish Set To Write & Direct As seen in the teaser, which is basically just a scene from the series, “Lockwood & Co” is a spooky detective series about a girl with psychic powers who teams up with a couple of guys to form a ghost-hunting agency.
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Netflix has announced that it will be launching a new game development studio which will be led by Overwatch executive producer, Chacko Sonny.During the TechCrunch Disrupt 2022 event yesterday (October 18), Netflix’s vice president of games Mike Verdu shared the news of the new California studio, which is currently unnamed (via VGC).“We are starting another organic new studio in Southern California, this time around Chacko Sonny, who oversaw production on God of War Ascension for Santa Monica and oversaw a portfolio of their games, and then was executive producer of a little game franchise called Overwatch,” Verdu said.“He could have gone anywhere, he could have raised money, he could have done anything and he chose to come here. We are building a team around him and looking to him to reinvent what games can be.”Chacko Sonny left Blizzard Entertainment in September 2021 in order “to take some time off.” He worked at the company for five years from 2016 but didn’t become an executive producer on the Overwatch franchise until 2018.
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 miniseries The Playlist have heaped praise on the series.The six-episode docu-drama, which was released on the streaming site last week, charts the rise of Spotify in a “fictionalised” account, following co-founder Daniel Ek and the idea to start a music streaming platform amid piracy in the music industry.“I’m convinced that The Playlist on @netflix is the best original I have seen on the platform in a while,” wrote one viewer on Twitter.Another said: “Don’t sleep on #ThePlaylist on @netflix. It is honestly one of the best limited series I have watched in a long time and gives you a great insight into the workings of the music industry and streaming business.”“THE PLAYLIST on Netflix — a dramatisation of the founding of Spotify — is pretty great.
Netflix staff have reportedly been left fearing "a line is being crossed" over plans for the The Crown to recreate Princess Diana's final moments before her tragic death in Paris in 1997.The fifth series of Netflix’s hit royal drama is set to launch on November 9, with audiences around the world already eagerly awaiting the upcoming instalment as it follows the lives of the royal family throughout the 1990s. The Night Manager actress Elizabeth Debicki takes over the iconic role of Diana from Emma Corrin while The Wire star Dominic West takes over the role of Charles from Josh O’Connor. However, it has been claimed that staff working on The Crown series six have allegedly been left feeling uncomfortable over the Netflix show's plans to recreate Diana's final moments as they fear "a line has been crossed".
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.