Netflix’s landmark entry into ad-supported streaming, which began last November, is off to a “solid” start and will soon bring in at least $3 billion in annual revenue, executives said.
Netflix’s landmark entry into ad-supported streaming, which began last November, is off to a “solid” start and will soon bring in at least $3 billion in annual revenue, executives said.
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.
On the heels of the announcement that Netflix would stream the SAG Awards beginning in 2024, co-CEO Ted Sarandos spoke more about the streamer’s approach to live programming during Thursday’s Q4 earnings call.
Newly minted Netflix Co-CEO Greg Peters and Ted Sarandos, who has held that title since 2020, say no major strategic shifts are in the immediate offing after Reed Hastings passed them the leadership baton.
Netflix has a new Co-CEO.
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.
Oscar nominee Kate Hudson flaunted her taut tummy in a red cut-out dress while attending Netflix's Golden Globe and Critics Choice nominee toast at West Hollywood hotspot Catch LA on Sunday.The 43-year-old daughter of Goldie Hawn relied on her loyal glam squad to help prep her for the party - stylist Sophie Lopez, hairstylist Gregory Russell, and make-up artist Debra Ferullo.Kate - who just celebrated her eldest child's 19th birthday - made sure to pose with the big boss, Netflix CEO Ted Sarandos, at the bash. Mother-of-three: Oscar nominee Kate Hudson flaunted her taut tummy in a red cut-out dress while attending Netflix's Golden Globe and Critics Choice nominee toast at West Hollywood hotspot Catch LA on SundayHudson mingled with the likes of four-time Oscar winner Alejandro González Iñárritu, whose latest offering Bardo: False Chronicle of a Handful of Truths is streaming on Netflix.Speaking of Mexican maestros, Oscar-winning director Guillermo del Toro also greeted the Los Angeles native alongside his Pinocchio lyricist Roeban Katz and composer Alexandre Desplat.Kate's new movie Glass Onion: A Knives Out Mystery is nominated for best picture (musical/comedy) and Daniel Craig is nominated for best actor (musical/comedy) at the 80th Golden Globe Awards, which air this Tuesday on NBC.Hudson played politically-incorrect designer Birdie Jay in Rian Johnson's critically-acclaimed who-done-it also, which scored six nods (including best acting ensemble) at the 28th Critics' Choice Awards airing January 15 on The CW.
Netflix has issued estimates for the 2023 compensation for its top executives, with Co-CEOs Reed Hastings and Ted Sarandos set to take home $34.65 million and $40 million, respectively.
Jennifer Aniston threw a secret holiday party for closest pals including Courteney Cox, Lisa Kudrow, Gwyneth Paltrow and Reese Witherspoon over the weekend.The 53-year-old Morning Show actress, who regularly hosts her celebrity friends like Jason Bateman and Jimmy Kimmel for weekly dinners, entertained her posse of A-list stars at her gorgeous $21 million Bel Air estate.Other famous guests included Sandra Bullock, Bradley Cooper, David Spade, Tobey Maguire, Mark Duplass, Netflix CEO Ted Sarandos and IAC chairperson Barry Diller. Hostess with the mostess: Jennifer Aniston threw a secret holiday party for her closest friends including Gwyneth Paltrow, Sandra Bullock and Reese Witherspoon over the weekendA source told the outlet that the 'joke of the night' was that the groups referred to themselves as the 'old guard of Hollywood.' The bash was described by insiders as an 'old-school, fun party' filled with 'non-thirsty' VIPs. While there was not a formal rule forbidding phones from the party, attendees 'didn’t pull them out' and weren't focused on documenting the night for their social media followers. Getting festive: The 53-year-old Morning Show actress, who regularly hosts her celebrity friends like Jason Bateman and Jimmy Kimmel for weekly dinners, entertained her posse of A-list stars at her gorgeous $21 million Bel Air estate (seen in 2020 with Friends costars Lisa Kudrow and Courtney Cox) Last year, she hosted a holiday party attended by Rita Wilson, Laura Dern, Chris McMillan and Jason Bateman's wife, Amanda Anka; pictured aboveThe We're the Millers star did not post pictures from the party, but teased she was decorating her home after purchasing a massive Christmas tree last week.
Disney + Basic, a cheaper version of the 3-year-old streaming service, has officially gone live.
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.
Stephen Colbert, Jennifer Garner, John Legend and Chrissy Teigen and Julia Louis-Dreyfus are among the celebrity names expected at tonight’s White House State Dinner for French President Emmanuel Macron.
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.
Here’s another bucket of cold water for the budding romance between Netflix and exhibitors.
Dave Chappelle has booked another appearance as host of Saturday Night Live. The iconic comedian will return to 30 Rock next Saturday, November 12 — being joined in his third go-round by musical guest Black Star.
Newly crowned Warner Bros Film Group Co-Chairpersons and CEOs Michael De Luca and Pamela Abdy will receive The Producers Guild of America’s 2023 Milestone Award.
Rodolphe Belmer, the former Canal+ CEO on the verge of heading up French network TF1, has stepped down from the Netflix Board.
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.
Jennifer Maas TV Business Writer Following a quarter that saw Netflix release several of its most popular titles of all time — per the streamer’s self-reported internal measurements — and subscriber growth after two straight quarters of losses, co-CEO and chief content officer Ted Sarandos is feeling “better and better” about the company’s $17 billion content spend budget. “Both the scope and scale, as well as the range and cadence of hits is improving,” Sarandos said during Netflix’s prerecorded Q3 earnings interview with his fellow execs, which was released Tuesday afternoon following the announcement of the third-quarter results. “So I feel better and better about that $17 billion of content spend because what we have to do is be better and better at getting more impact per billion dollar spent than anyone else. And that’s how we’re focusing on it. So I think we’re spending at about the right level. And as we re-accelerate revenue, we’ll revisit that number, of course. But we’re a pretty disciplined bunch about that.”
Netflix is spending around $17B on content this year and next but has hinted that it may boost this after a strong quarter.
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.
An enthusiastic rendition of Happy Birthday rang through the auditorium at the world premiere of Guillermo del Toro’s Pinocchio as the London audience was informed Gregory Mann, the film’s lead voice actor, had just turned 13.
In the wake of Queen Elizabeth II’s death and King Charles III's accession to the throne, Prince Harry and Meghan Markle reportedly want to delay the release of their Netflix documentary series and the duke's memoir. The Duke and Duchess of Sussex hope to make last-minute edits to portions of both projects that talk about Harry’s brother, Prince William, and his wife, Kate Middleton, the Princess of Wales, as well as the king and his wife Camilla, the queen consort, the New York Post reported. Both the Netflix series and Harry’s memoir were set to be released by the end of the year, the newspaper reported, but will likely now be pushed until next year. "A lot of conversations are happening," a source told the Post. "I hear that Harry and Meghan want the series to be held until next year, they want to stall.
The Duke and Duchess of Sussex are said to be in conversation to try and edit their Netflix docuseries in order to delay its release. Prince Harry, 38, and Meghan Markle, 41 are filming a $100million series about their lives with Netflix and it was previously thought to be scheduled for a December release, following The Crown series five going live on November 9.
Meghan Markle and Prince Harry are said to be intending to delay the release of their new Netflix series.The couple reportedly want to edit their docuseries and delay the release until next year after the Queen's death, with an insider claiming the late monarch is the reason behind the delay.The Netflix series was originally slated to be released at the end of this year.READ MORE: Laurence Llewelyn-Bowen shares 'grim' nude confession and teases Naked Attraction stintThe husband and wife signed a multi-million-pound deal with the streaming service in 2020.However, is it now heard that they want to make some major changes to the show after Her Majesty’s death.Now, after making amends with the royal family during their shared bereavement, the Sussexes will now be making edits to the show the royals in a brighter light.One Hollywood source told Page Six: “A lot of conversations are happening. I hear that Harry and Meghan want the series to be held until next year, they want to stall.“I wonder if the show could even be dead in the water at this point, do Harry and Meghan just want to shelve this thing?”A Netflix insider also revealed: “Netflix has been keen to have the show ready to stream for December.“There’s a lot of pressure on (Netflix CEO) Ted Sarandos, who has the relationship with Harry and Meghan, to get this show finished.” This comes after Changing Rooms star Laurence Llewelyn-Bowen opened up about his thoughts on Meghan Markle.
A new report suggests that Prince Harry and Meghan Markle are rethinking the content of their Netflix docuseries after the death of Queen Elizabeth.
The Duke and Duchess of Sussex may be looking to soften the edges of their upcoming Netflix show.
Hannah Gadsby is returning to the Netflix fold – nearly twelve months after slamming Co-CEO Ted Sarandos and calling the streamer an “amoral algorithm cult”.
EXCLUSIVE: Netflix has unveiled the winner of the $20,000 Israeli Series Development Award following a week in which it has deepened ties with the nation.
Zack Sharf Consider “Glass Onion” another triumphant case for detective Benoit Blanc. As evidenced by the enthusiastic reaction to the premiere screening Saturday, Rian Johnson has again charmed the masses at the Toronto Film Festival with “Glass Onion: A Knives Out Mystery,” the hotly anticipated sequel to the 2019 hit whodunit. Johnson briefly addressed moviegoers before the movie began to play, giving a sweet shoutout to his grandfather. “My granddad Howard Johnson traveled here tonight, he’s in the audience,” Johnson revealed. “Granddad, you are my role model. You’re the reason I’m making movies today, I love you so much and I’m so happy you’re here.”
Jacob Elordi has come a long way!!
The cast of Never Have I Ever is celebrating season three!
Caruso had spent more than $40 million of his estimated $4.3 billion on his campaign through the primary — far exceeding the $10.2 million LA Mayor Eric Garcetti spent on his 2013 campaign. Caruso’s expenditure includes a $37.5 million loan that the billionaire made to himself.
Variety, contains signatures from Shonda Rhimes, Issa Rae, Jenny Han, Amy Sherman-Palladino, Natasha Lyonne, Ava DuVernay and many more.More than a month after the Supreme Court overturned Roe v. Wade, states ratifying anti-abortion laws include Georgia, Louisiana and Texas.A bulleted list outlines the specific demands all these Hollywood big names are behind, such as an abortion travel subsidy, safeguarding of medical privacy, medical care — including that for ectopic pregnancies and other complications that require medical treatment via abortion, criminal and civil legal protection, and a pledge to discontinue all political donations to anti-abortion candidates.The letter requires for a written response within 10 business days from July 28, 2022. “We also welcome the opportunity to review the written response with your company representatives for additional context should you wish,” the letter concluded.
The show has been moved to the Varsity Theater in the Dinkytown neighborhood of Minneapolis, where two additional shows were previously added for Thursday and Friday. We hear you.
Elsa Keslassy International CorrespondentTim Burton is set to receive the 14th Lumiere Award at the Lumiere Festival, a week-long celebration of heritage movies and film masters held in Lyon, France, in October. Headed by Cannes Film Festival’s chief Thierry Fremaux, the Lumiere Festival previously honored Jane Campion, the Dardenne Brothers, Francis Ford Coppola, Quentin Tarantino, Clint Eastwood, Martin Scorsese, Jane Fonda, Wong Kar-wai, Catherine Deneuve, Pedro Almodóvar, Ken Loach, Gérard Depardieu and Milos Forman“From his first movies and early successes, Burton establishes his universe, skilfully blending his intensely personal expressivity with novelistic lyricism and pictorial references, traversing the entire history of art,” said the Lumière Festival in a statement.
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