Reed Hastings Latest Celebrity News & Gossip

Netflix Stock Surges To 9-Month High As Wall Street Cheers Q4 Subscriber Gains, Smoothly Executed Succession Plan - deadline.com - Beyond
deadline.com
21.01.2023 / 02:13

Netflix Stock Surges To 9-Month High As Wall Street Cheers Q4 Subscriber Gains, Smoothly Executed Succession Plan

Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff atop its executive ranks.

Peter Bart: Big Media Honchos Hunt For Ways To Accentuate The Positive In Turbulent Moment - deadline.com
deadline.com
27.01.2023 / 00:41

Peter Bart: Big Media Honchos Hunt For Ways To Accentuate The Positive In Turbulent Moment

The Oscar nominations this week set off a new round of speculation about corporate image: Does it matter that Netflix’s potential Oscar take had dropped to 16 from 36 in 2020?

Netflix Shake Up: Reed Hastings Out As Co-CEO As Streaming Service Beats Their New Subscriber Goal For Q4 2022 - theplaylist.net
theplaylist.net
20.01.2023 / 18:29

Netflix Shake Up: Reed Hastings Out As Co-CEO As Streaming Service Beats Their New Subscriber Goal For Q4 2022

Interesting news on the streaming front: Netflix reported its Q4 2022 earnings yesterday, and the platform outperformed its goal for new subscribers to close out the year. Variety reports that the numbers exceed Netflix’s target of 4.5 million additions with 7.66 new subscribers.

Ted Sarandos “Thrilled With Every Aspect” Of ‘Glass Onion’ Release, Says Theatrical Window Drove Demand To Netflix - deadline.com - New York - Netflix
deadline.com
20.01.2023 / 03:27

Ted Sarandos “Thrilled With Every Aspect” Of ‘Glass Onion’ Release, Says Theatrical Window Drove Demand To Netflix

Ted Sarandos addressed Netflix’s limited theatrical release of Glass Onion: A Knives Out Mystery during the streamer’s Q4 earnings call on Thursday, echoing executive chairman Reed Hastings‘ previous remarks that releasing the film in theaters was meant more as a promotional tactic for the streamer.

Netflix Beats Q4 Subscriber Growth Target, But Mixed Financial Results Reflect Challenging Environment - deadline.com - Netflix
deadline.com
20.01.2023 / 00:15

Netflix Beats Q4 Subscriber Growth Target, But Mixed Financial Results Reflect Challenging Environment

Netflix beat forecasts for subscriber gains for the fourth quarter and also edged revenue estimates, but pressure on earnings per share reflected broader challenges in the streaming business.

Netflix Hops On ‘Run Rabbit Run’, Acquires XYZ Films Sundance Midnight Title Starring Sarah Snook - deadline.com - Australia - Hollywood - India - Thailand - Portugal - Indonesia - Hong Kong - Taiwan - Philippines - Netflix
deadline.com
19.01.2023 / 23:47

Netflix Hops On ‘Run Rabbit Run’, Acquires XYZ Films Sundance Midnight Title Starring Sarah Snook

EXCLUSIVE: Some were expecting Netflix to curb their acquisitions here in Park City, but, as we told you earlier this morning, never count them out of the Sundance marketplace. Before its premiere in the midnight section tonight, the Reed Hastings-Ted Sarandos-run streamer has scooped up a majority of global rights on the Australian horror movie, Run Rabbit Run, starring 2x Emmy nominated Succession actress Sarah Snook. XYZ Films, which co-funded the film, brokered the deal with Netflix on behalf of the filmmakers. 

Netflix’s Reed Hastings Gives $20M To Minerva University, An Emerging School With A Distinctly Global Approach To Higher Education - deadline.com - city Hastings - San Francisco - Netflix
deadline.com
12.01.2023 / 17:05

Netflix’s Reed Hastings Gives $20M To Minerva University, An Emerging School With A Distinctly Global Approach To Higher Education

Netflix co-founder Reed Hastings has given $20 million to Minerva University, a school focused on educating what it describes as “new generations of wise leaders and purpose-driven entrepreneurs” from dozens of countries.

Disney Enters Streaming Advertising Arena, Leaving Apple TV+ As Only Commercial-Free Streaming Player - deadline.com - Netflix
deadline.com
08.12.2022 / 22:47

Disney Enters Streaming Advertising Arena, Leaving Apple TV+ As Only Commercial-Free Streaming Player

Disney + Basic, a cheaper version of the 3-year-old streaming service, has officially gone live.

Netflix Co-CEO Ted Sarandos On Advertising Rollout, Password Sharing, And Why The Company Is Punting On Sports Rights: “We’re Not Anti-Sports, We’re Just Pro-Profit” - deadline.com - Netflix
deadline.com
07.12.2022 / 02:25

Netflix Co-CEO Ted Sarandos On Advertising Rollout, Password Sharing, And Why The Company Is Punting On Sports Rights: “We’re Not Anti-Sports, We’re Just Pro-Profit”

Netflix Co-CEO Ted Sarandos affirmed recent comments from the company that they are not — despite strong indications from insiders as recently as last month — intending to bid on sports rights.

Ben Affleck take swipe at Netflix's 'assembly line process' of production - www.dailymail.co.uk - New York - Netflix
dailymail.co.uk
02.12.2022 / 01:57

Ben Affleck take swipe at Netflix's 'assembly line process' of production

Ben Affleck took a swipe at Netflix's 'assembly line process' of production as he spoke about the launch of his new movie studio with Matt Damon this week.The Oscar-winner, 50 - who is married to Jennifer Lopez, 53 -  spoke of his desire to focus on smaller dramas rather than huge action films, as he questioned Netflix's focus on 'quantity' over quality.Speaking at the New York Times' Dealbook Summit, the actor, who has launched Artists Equity with Damon and RedBird Capital Partners, said: 'If you ask [Netflix co-CEO and chairman] Reed Hastings…he’d say, "Hey, we went for quantity to establish a footprint." 'I’m sure there’s wisdom in that and I’m sure they had a great strategy, but I would have said, "How are we going to make 50 great movies? How is that possible?" There’s no committee big enough. There aren’t enough — you just can’t do it.' Comment: Ben Affleck took a swipe at Netflix's 'assembly line process' of production as he spoke about the launch of his new movie studio with Matt Damon this week (March 2022)'It’s a thing that requires attention and dedication and work and resists the assembly line process. '[Netflix’s head of original films] Scott Stuber is a really talented, smart guy who I really like…but it’s an impossible job.' He continued: 'There’s bigger audience for action movies than there is for small dramas.

‘Glass Onion’: Netflix CEO Reed Hastings Says The Company Left “Lots” Of Money On The Table With The Movie’s Limited Theatrical Release - theplaylist.net - Netflix
theplaylist.net
01.12.2022 / 18:27

‘Glass Onion’: Netflix CEO Reed Hastings Says The Company Left “Lots” Of Money On The Table With The Movie’s Limited Theatrical Release

Audiences expected Rian Johnson to deliver in 2019 with his sleuth comedy “Knives Out.” But nobody expected the film to become a runaway hit. In short, the film raked at the box office, making $311 million on a $40 million budget.

Elon Musk Praised As “The Bravest, Most Creative Person On The Planet” By Netflix Co-Chief Reed Hastings: “He Is Trying To Help The World” - deadline.com - New York - city Hastings - Netflix
deadline.com
30.11.2022 / 23:35

Elon Musk Praised As “The Bravest, Most Creative Person On The Planet” By Netflix Co-Chief Reed Hastings: “He Is Trying To Help The World”

Elon Musk’s back may be against the wall as Twitter’s new owner, but he has plenty of friends in high places, especially in the tech sector.

Ben Affleck Calls Netflix An “Assembly Line”, Says His And Matt Damon’s New Production Company To Blend “Quality” & “Commercial” Fare - deadline.com - New York - Jordan - county Summit - city Redbird - Netflix
deadline.com
30.11.2022 / 21:15

Ben Affleck Calls Netflix An “Assembly Line”, Says His And Matt Damon’s New Production Company To Blend “Quality” & “Commercial” Fare

Ben Affleck says his newly minted studio Artists Equity, in partnership with Matt Damon, is going for films that are commercial but smart, that acknowledge popular tastes, but that “people remember 20 years later.”

John Malone Goes ‘House Of The Dragon’ On Streaming – “There Is A Lot Of Blood Flowing” - deadline.com - Netflix
deadline.com
18.11.2022 / 02:11

John Malone Goes ‘House Of The Dragon’ On Streaming – “There Is A Lot Of Blood Flowing”

Liberty Media chairman John Malone slammed AT&T, praised Reed Hastings and affirmed his faith in the Warner Bros. Discovery team led by David Zaslav amid the drama and red ink of today’s streaming wars.

New TF1 Boss Rodolphe Belmer Steps Down From Netflix Board - deadline.com - France - Netflix
deadline.com
21.10.2022 / 18:49

New TF1 Boss Rodolphe Belmer Steps Down From Netflix Board

Rodolphe Belmer, the former Canal+ CEO on the verge of heading up French network TF1, has stepped down from the Netflix Board.

Behind Netflix and Disney+’s Dash for Streaming Ad Cash - variety.com - Netflix
variety.com
19.10.2022 / 18:47

Behind Netflix and Disney+’s Dash for Streaming Ad Cash

Todd Spangler NY Digital Editor Just over three years ago, Netflix unequivocally shot down the idea that it would ever roll out an ad-supported streaming service. “When you read speculation that we are moving into selling advertising, be confident that this is false,” the streamer said in its second-quarter 2019 investor letter. “We believe we will have a more valuable business in the long term by staying out of competing for ad revenue and instead entirely focusing on competing for viewer satisfaction.” Clearly, Netflix’s thinking about advertising has changed. Both Netflix and Disney+ are launching ad-based tiers this fall, seeking to broaden their addressable markets and tap into a new revenue stream as subscriber growth has slowed — in Netflix’s case, it lost 1.2 million in the first half of 2022, compared with a net gain of 5.5 million in the prior-year period.

Netflix to start charging you for password sharing in 'months' with steep extra fee - www.dailystar.co.uk - Netflix
dailystar.co.uk
19.10.2022 / 18:41

Netflix to start charging you for password sharing in 'months' with steep extra fee

Netflix password to your partner, gran, or yoga instructor?Well, bad news: Netflix is onto you, and could start charging you an extra fee for it as soon as next year.The streaming giant has reportedly said it plans to add extra fees for those who share their passwords with friends and family, in a bid to crack down on account sharing. READ NEXT: Does Apple have a Black Friday sale - and when is the best time to bag a deal? The announcement follows the launch of a cheaper, ad-supported tier for Netflix which sees people pay a lower monthly subscription in exchange for watching ads. In a letter to shareholders, Netflix said: "We've landed on a thoughtful approach to monetize account sharing and we'll begin rolling this out more broadly starting in early 2023."After listening to consumer feedback, we are going to offer the ability for borrowers to transfer their Netflix profile into their own account, and for sharers to manage their devices more easily and to create subaccounts ("extra member") if they want to pay for family and friends."The move follows trials in Latin America which saw Netflix charge subscribers to pay an extra $2.99 (£2.66) per extra household streaming Netflix.

Netflix Pushes Sports Content As It Reminds Viewers Of Its Athletic Prowess With NBA Opener Teaser - deadline.com - Germany - city Hastings - Boston - Netflix
deadline.com
18.10.2022 / 19:16

Netflix Pushes Sports Content As It Reminds Viewers Of Its Athletic Prowess With NBA Opener Teaser

Netflix may not be in the live sports business but it certainly wants viewers to know that it’s got some content around the edges.

Netflix’s Ad-Backed Tier Will Be Missing Some Series And Films At Launch, But COO Greg Peters Calls It “A Very Small Minority Of Viewing” - deadline.com - Netflix
deadline.com
13.10.2022 / 22:37

Netflix’s Ad-Backed Tier Will Be Missing Some Series And Films At Launch, But COO Greg Peters Calls It “A Very Small Minority Of Viewing”

Netflix’s ad-supported tier will be missing certain series and movie titles at launch, the company conceded today in announcing details about the rollout.

Netflix Signs Up To UK TV Ratings Agency BARB - deadline.com - Britain - Netflix
deadline.com
12.10.2022 / 02:03

Netflix Signs Up To UK TV Ratings Agency BARB

More than three years after Reed Hastings said Netflix wants to be on BARB, the UK ratings agency has its wish.

Netflix could put an end to binging as streaming service considers axing popular feature - www.dailyrecord.co.uk - Netflix
dailyrecord.co.uk
14.09.2022 / 15:03

Netflix could put an end to binging as streaming service considers axing popular feature

We may see a huge change in the way Netflix releases its shows, as it could axe one of it's most iconic features.

Netflix Calls Report Of November Ad Tier Debut And Hefty Rate Demands “Speculation” - deadline.com - Netflix
deadline.com
01.09.2022 / 02:45

Netflix Calls Report Of November Ad Tier Debut And Hefty Rate Demands “Speculation”

Netflix has batted down a report about aggressive moves in its rollout of a cheaper ad-supported tier as “speculation.”

Netflix Turns 25, Cues Up Nostalgia Reel For Its Red-Envelope Days - deadline.com - Netflix
deadline.com
29.08.2022 / 15:41

Netflix Turns 25, Cues Up Nostalgia Reel For Its Red-Envelope Days

After a decade-plus of having the streaming field virtually to itself, Netflix now faces historic levels of competition. Disney and other media and tech rivals have narrowed the gap, making for a rocky 2022 marked by subscriber and stock price declines.

Netflix to begin charging for password sharing in five more countries - www.nme.com - Britain - Spain - France - USA - Italy - Germany - Chile - Argentina - Peru - Dominican Republic - El Salvador - Costa Rica - Guatemala - Honduras - Netflix
nme.com
22.07.2022 / 08:41

Netflix to begin charging for password sharing in five more countries

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.

Netflix boss says streamers will kill off linear TV in 10 years despite losing 1m users - www.dailystar.co.uk - USA - city Hastings - county Pacific - Netflix
dailystar.co.uk
21.07.2022 / 01:19

Netflix boss says streamers will kill off linear TV in 10 years despite losing 1m users

Netflix boss reckons streamers will have killed off traditional telly in just 10 years.Co-CEO Reed Hastings has declared that “linear TV” is headed for extinction thanks to the get-what-you-want-now generation of new online TV services.He made the prediction despite the streamer recently haemorrhaging a million subscribers, mostly due to the cost of living crisis.READ NEXT: Instagram adds new hidden posts you have to pay to seeMr Hastings said: “It’s definitely the end of linear TV over the next five to 10 years.“And, as Nielsen will announce on Thursday, our share of US TV viewing reached an all-time high of 7.7% in June (versus 6.6% in June 2021), demonstrating our ability to grow our engagement share as we continue to improve our service.”Netflix reported a loss of about 970,000 subscribers in the last quarter.The streamer insisted it was a “better-than-expected” result.There had been a projection it faced losing around two million users in the three months between April and July as living costs surge.Netflix’s stocks also plummeted by about 37% in April.Hastings said: “We’re talking about, you know, losing one million instead of losing two million so you know our excitement is tempered.”The subscriber losses reported by the company on Tuesday are the biggest in its 10-year history.It reported the highest numbers of cancellations, around a million, in America US and Canada.It was followed by a loss of a smaller number of subscribers in Europe.This was offset by a gain of over one million customers in the Asia/Pacific region.Hastings said execution “really well on the content side”, with “lots of titles”, had still led to “lots of viewing”.He pointed to the new series of Stranger Things as one of the company’s biggest

Netflix Content Spend Set To Plateau At $17B For Next Few Years - deadline.com - Netflix
deadline.com
20.07.2022 / 03:13

Netflix Content Spend Set To Plateau At $17B For Next Few Years

Netflix executives see content spending of about $17 billion in 2021 lingering there for the next several year through 2023.

Netflix Ad-Supported Tier Will Have Better Economics Than Ad-Free One, COO Greg Peters Says - deadline.com - Netflix
deadline.com
20.07.2022 / 02:25

Netflix Ad-Supported Tier Will Have Better Economics Than Ad-Free One, COO Greg Peters Says

The economics of Netflix’s forthcoming ad-supported tier will be more favorable than those of its primary ad-free one, one senior executive indicated during the company’s second-quarter earnings interview.

Netflix Boss Reed Hastings Praises ‘Stranger Things’ For Steamer’s Q2 “Less Bad Results”; Predicts Linear TV Death, Again - deadline.com - Britain - Netflix
deadline.com
20.07.2022 / 01:47

Netflix Boss Reed Hastings Praises ‘Stranger Things’ For Steamer’s Q2 “Less Bad Results”; Predicts Linear TV Death, Again

Coming off a better quarter than anticipated, Netflix founder Reed Hastings today was showing some swagger and a lot of thanks to the first part of the latest season of Stranger Things.

Netflix Chief Reed Hastings Says ‘The End of Linear TV’ Is Coming ‘Over the Next 5-10 Years’ - variety.com - USA - Netflix
variety.com
20.07.2022 / 01:43

Netflix Chief Reed Hastings Says ‘The End of Linear TV’ Is Coming ‘Over the Next 5-10 Years’

Jennifer Maas TV Business WriterNetflix co-CEO Reed Hastings declared during the streamer’s Q2 earnings interview Tuesday that linear television will go the way of the dinosaur within the next decade.“It’s definitely the end of linear TV over the next 5 to 10 years,” Hastings said while discussing Netflix’s financial and subscriber results on the pre-recorded Q&A, which came on the heels of the reveal the streamer lost 970,000 subscribers in Q2. That loss was actually a win for Netflix, which had originally expected to lose 2 million subscribers by the end of June 30.Though very bold, Hastings thoughts on the state of linear television are hardly a shock given his position at the top of the world’s biggest streamer — and they carry forward data touted by Netflix earlier Tuesday.

Netflix Layoffs Cost Streamer $70M In Severance Charges; Nearly 500 Staffers Axed Recently - deadline.com - Netflix
deadline.com
20.07.2022 / 01:41

Netflix Layoffs Cost Streamer $70M In Severance Charges; Nearly 500 Staffers Axed Recently

The recent pink-slipping of hundreds of employees cost Netflix a bundle, with more likely to come.

Netflix Acquires Animation Studio Animal Logic - deadline.com - Australia - Canada - city Vancouver, Canada - Netflix
deadline.com
19.07.2022 / 23:29

Netflix Acquires Animation Studio Animal Logic

Netflix is moving further into the world of animation with the acquisition of Australian studio Animal Logic.

Netflix To Launch Advertising Tier In “Early Part” Of 2023 - deadline.com - Netflix
deadline.com
19.07.2022 / 23:29

Netflix To Launch Advertising Tier In “Early Part” Of 2023

Netflix said it’s targeting an early 2023 launch for a cheaper advertising tier as it seeks to stem subscriber losses and hopefully turn them back up. It will roll the plan out in a handful of markets first but didn’t say which ones.

Netflix To Step Into Spotlight, Kicking Off A Media Earnings Season Riddled With Anxiety - deadline.com - Netflix
deadline.com
18.07.2022 / 19:01

Netflix To Step Into Spotlight, Kicking Off A Media Earnings Season Riddled With Anxiety

Netflix will reveal its financial results from the second quarter on Tuesday afternoon, and the outcome is expected to set the tone for one of the most anxious and uncertain earnings seasons in years.

Sun Valley Scene: David Zaslav, Sheryl Sandberg, Bob Chapek, Ted Sarandos Make the Rounds - variety.com - county Valley - county Anderson - county Cooper - state Idaho - city Sandberg
variety.com
06.07.2022 / 07:41

Sun Valley Scene: David Zaslav, Sheryl Sandberg, Bob Chapek, Ted Sarandos Make the Rounds

Jennifer Maas TV Business WriterSUN VALLEY, Idaho — The moguls have arrived.On Tuesday, dozens of titans of the business, media and tech worlds came out to play at the Sun Valley Lodge in Idaho for the start of Allen & Co.’s annual meeting of movers and shakers.The invitation-only conference will include three days of seminars and meetings that are held away from the prying eyes of the public, which kick off Wednesday morning. So today was all about meeting and greeting each other at the posh retreat in Idaho’s picturesque Sawtooth Mountains.Arrivals began at the Sun Valley Lodge around 11 a.m.

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