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 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.
EXCLUSIVE: Jack O’Connell and Matthew Duckett have joined Golden Globe Winner Emma Corrin in Lady Chatterley’s Lover for Sony’s 3000 Pictures and Netflix. This will be the first film to be produced under the new partnership where Sony Pictures will offer Netflix a first look at any films it intends to make for streaming.
Jill Goldsmith Co-Business EditorNetflix founder, chairman and now co-CEO Reed Hastings said Thursday he wants the service “to have so many hits that you know when you come to Netflix you can just go from hit to hit to hit and never have to think about any of those other services.”Speaking on video call for investors, he acknowledged the occasional detour was inevitable with a shout out to Hamilton on Disney+ that hit the service on July 4th weekend.
By Todd Spangler
Todd Spangler NY Digital EditorRussia, in retaliation for economic sanctions the U.S. has imposed over the country’s attack on Ukraine, announced that it has added 61 Americans to its own blacklist — including Netflix co-CEO Reed Hastings.Hastings and the other U.S.
Dade Hayes Finance EditorNetflix Co-CEOs Reed Hastings and Ted Sarandos tackled a range of topical issues as they offered context for their less-than-expected gain in subscribers during the third quarter.During their quarterly earnings interview posted to YouTube, Hastings was asked by moderator and Barclays analyst Kannan Venkateshwar about how the lack of a Stranger Things-type blockbuster affected the subscriber showing.
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.
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.
Joe Biden’s reelection campaign has drawn early support from a range of figures in entertainment, media and tech, including six-figure contributions from a list that includes Seth MacFarlane, Netflix’s Reed Hastings and OpenAI’s Sam Altman.
Todd Spangler NY Digital EditorDo you want your company to be like Netflix? Co-founder and co-CEO Reed Hastings has written a step-by-step recipe detailing how Netflix created and evolved its unconventional corporate culture — although, as he freely admits, not every company can or should follow the same playbook.Hastings’ “No Rules Rules: Netflix and the Culture of Reinvention” spells out how his company fosters an environment of employee “freedom and responsibility” (referred to internally as
Reed Hastings, the co-CEO of Netflix, has shelled out a whopping $3 million to a fund opposed to the recall of California Governor Gavin Newsom.
Netflix co-CEOs Reed Hastings and Ted Sarandos each saw their compensation rise in 2020, as the pandemic pushed Netflix to new subscriber heights. Hastings earned $43.2 million, compared tothe $38.6 million package that hemade in 2019.
Netflix co-CEOs Reed Hastings and Ted Sarandos earned, respectively, $43.2 million and $39.3 million in 2020. The pay was up for both. Chairman and founder Hastings earned $38.6 million the year before, when Sarandos took home $34.7 million.
Brent Lang Executive Editor of Film and MediaIt was a good year to run a streaming service.Netflix co-CEOs Reed Hastings and Ted Sarandos earned $43.2 million and $39.3 million, respectively, in 2020, representing sizable pay increases for the two men.Hastings, who also serves as the company’s chairman, earned $38.6 million in 2019 and $36 million in 2018.
Michael Schneider Variety Editor at LargeNetflix co-founder and CEO Reed Hastings has been given the Television Academy’s Charles F. Jenkins Lifetime Achievement Award, one of several Engineering Emmys that the org announced on Thursday.The Charles F.
Netflix has been tightening its controls on password-sharing, a shift that could reap billions in previously lost revenue, but the company acknowledges it is a delicate process.
Netflix’s ties with Latin America and the region’s much-loved telenovela format go back to the company’s first steps in original production outside of the U.S., when the streamer picked, as its first international original, Gary “Gaz” Alazraki’s “Club of Crows,” a soccer-themed soapy drama about a dynastic sports ownership family.Since then, there have been several further incursions into the world of the novela, including some of the streamer’s most popular ever series such as “Who Killed Sara,” currently filming its third and final season, and “Café con Aroma de Mujer,” “Rebelde” and “The Queen of Flow,” the top three non-English language series on Netflix globally at the time of this article’s publishing, sure to be joined by the second season of “Dark Desire” when it launches on Feb. 2.
the Securities and Excahange Commission on Monday. Don’t worry, though, they’re still doing pretty well.Between their salaries and stock options, Hastings and Sarandos will both earn $34.65 million in 2021 — putting them on par with their 2020 pay, which was a 10% boost from the year prior.
Cynthia Littleton Business EditorNetflix’s Ted Sarandos, Reed Hastings and other top Netflix corporate executives will not receive salary increases in 2021.Netflix disclosed Monday in a Securities and Exchange Commission filing that Sarandos, Netflix’s co-CEO and chief content officer, will see his 2021 salary stay the same as 2020 at $20 million.
Todd Spangler NY Digital EditorReed Hastings and Ted Sarandos, the two top executives at Netflix, saw their overall pay packages drop a bit in 2021 — but they still raked in tens of millions each.Hastings’ total compensation package for 2021 was worth $40.8 million, including $39.7 million in stock grants and $650,000 in salary, according to the company’s 2022 proxy statement, filed Friday with the Securities and Exchange Commission. That’s down 6% from the year prior for the co-founder and co-CEO of Netflix.Sarandos, who serves as co-CEO and chief content officer, earned $38.2 million last year, comprising $20 million in annual salary and $17.1 million in stock — a 2.7% drop from 2020.For 2022, Sarandos is set to receive $40 million in compensation and Hastings stands to make north of $34 million.
proxy statement, Hastings received a pay package of $40.8 million and Sarandos earned $38.2 million, primarily from stock awards. Hastings received a $650,000 annual salary and $39.7 million in stock awards and Sarandos took home a $20 million salary and $17.1 million in stock awards. Sarandos also had nearly $900,000 in security costs covered by Netflix.Netflix had a record-setting year in 2020 and its top executives were rewarded handsomely for it, with co-CEOs Reed Hastings and Ted Sarandos bringing home a combined $82.5 million last year.
Todd Spangler NY Digital EditorBefore he co-founded Netflix, Reed Hastings ran a debugging-tool company, Pure Software. And he’s convinced the morass of red tape he put in place at Pure led to the company’s eventual irrelevance and sale to a rival.With Netflix, Hastings has focused on building a culture of employee empowerment — which he documents in a new business book, “No Rules Rules: Netflix and the Culture of Reinvention,” co-authored by business professor Erin Meyer.
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.
Todd Spangler NY Digital Editor Reed Hastings, who stepped aside as co-CEO of Netflix in January, and co-chief Ted Sarandos both saw double-digit increases in their compensation packages for 2022, with their total pay topping $50 million each. Hastings’ total pay last year was $51.07 million, $49.4 million of which was in stock option awards, up 25% from 2021, the streamer disclosed in its 2023 proxy statement Friday. Sarandos’ pay jumped 31.5% in 2022, to $50.3 million, comprising $20 million base annual salary, $28.5 million in stock options and $1.79 million in other compensation (including $1.43 million in residential security costs). In stepping down as co-CEO, Hastings will take a huge pay cut: For 2023, as executive chairman, he’s eligible to receive a $500,000 base salary plus $2.5 million in stock options, according to a Netflix 8-K filing with the SEC. In the co-CEO role, he stood to make $34.7 million this year, mostly in stock.
Reed Hastings saw his total pay package jump by about $10 million last year to $51 million on a new stock option grant. Co-CEO Ted Sarandos pulled in total compensation of $50.3 million, up from $38.2 million, also on a bigger option grant.
Netflix delivered a mixed set of results for the first quarter, edging Wall Street analysts’ estimates for earnings per share but falling short in other key categories.
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.
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.
Zack Sharf Digital News Director Zack Snyder appeared on “The Joe Rogan Experience” and championed his recent pivot to Netflix. The 58-year-old filmmaker spent the bulk of his career making movies at Warner Bros., but he made the jump to streaming starting with the 2021 release of his zombie action movie “Army of the Dead.” Snyder’s latest Netflix original was “Rebel Moon,” which debuted in December and kicked off a new space saga for the streaming giant. A second “Rebel Moon” film arrives this spring.
EXCLUSIVE: Stand-up comic Deon Cole is set to return to Netflix with a third hour-long comedy special, to premiere later this year. While a title and logline haven’t been shared, he’ll tape his new hour at the LA Theater on May 2nd, as part of Netflix Is A Joke Fest 2024.
Reed Hastings just made a bold claim: That Netflix is the “biggest builder of cross-European culture.”
Fresh off its formidable sweep at the 73rd annual Emmy Awards, Netflix’s The Crown will come back for even more royal drama next year.
Maury the Hormone Monster takes center stage in the latest teaser art for Big Mouth‘s upcoming Season 5.
The TUDUM virtual fan event was presented and hosted by Netflix Anime V-Tuber N-ko, highlighted by the Drifting Home news, the next feature film project by Studio Colorido, the team behind 2020’s A Whisker Away.
Emily in Paris will make its retour au Netflix next year.
Wallace and Gromit are returning to screens for the first time in more than 15 years, with the BBC and Netflix snapping up Aardman’s latest animation, while Netflix has unveiled first look and cast for Aardman’s Chicken Run: Dawn of the Nugget.
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