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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.

Media and entertainment stocks led by Netflix were among big losers Thursday as economic data and the latest Fed move has investors panicking about an imminent recession. Netflix in particular — off nearly 10% — was knocked by a report that its ad-supported tier is having a tough debut.

Patrick Frater Asia Bureau Chief A growing range of Thai, Japanese and Chinese-language films and TV shows are reaching global audiences – joining the by-now well-established international viewership for South Korean shows.Netflix’s Global Top 10 for the week April 3-10, sees made-for-streaming Korean title “Kill Boksoon” on top of the non-English-language films list, with 27.5 million hours watched in its second week of release. It is immediately followed by Thai film “Hunger,” about a young woman apprentice in an upmarket restaurant working under a tough boss. The film is directed by Sitisiri Mongkolsiri and stars “Bad Genius” breakout Chutimon Chuengcharoensukying.

EXCLUSIVE: Riot Games — the developer and publisher behind League of Legends — has named former Hulu and Netflix exec Ryan Crosby to head marketing and consumer products at its new entertainment division.

Jamie Lang Netflix has unveiled two long-awaited first-look images for its upcoming epic, Mexican mythology-inspired limited series “Maya and the Three” from Emmy-winning “El Tigre” and “The Book of Life” director Jorge Gutiérrez.“Maya and the Three” was one of a six pack of original animated productions announced by Netflix in November of 2018, when the first and thus far only concept art was shared publicly.

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.

Todd Spangler NY Digital Editor Shares of Netflix were down more than 8% in early trading Thursday, coming after the streamer blew away estimates on subscriber gains for the second quarter — and analysts saying the company continues to be well positioned to weather Hollywood’s double actors and writers strike relative to its peers. But investors had been anticipating a bigger bump from its new initiative to monetize password-sharing accounts. Note that Netflix’s post-earnings stock drop came amid high investor expectations leading into the Q2 report: Shares were up nearly 62% year to date in 2023. Revenue for Q2 came in at $8.19 billion, shy of Wall Street’s $8.3 billion consensus expectations. And Netflix’s guidance for Q3 revenue of $8.52 billion also was less than the $8.9 billion average forecast by analysts. The company added 5.9 million net new subs in the second quarter, more than double expectations, and said it expects to add about the same number in Q3.

Netflix Co-CEO Greg Peters said the initial verdict is in on paid password sharing — a risky but multi-billion-dollar initiative for the company — and it is positive.

Angelique Jackson If you were wondering what to expect from Tyler Perry’s next project, the Netflix World War II-set drama “Six Triple Eight,” the director and the film’s star Kerry Washington have shared a first look. Written, directed and produced by Perry, “Six Triple Eight” tells the inspiring true story of the 6888th Postal Directory Battalion, the only all-Black, all-female battalion to serve overseas during World War II. The project is currently filming in the U.K. and Perry shared an image from set, featuring his all-star ensemble cast including Washington, Ebony Obsidian, Milauna Jackson, Kylie Jefferson, Shanice Shantay, Sarah Jeffery, Pepi Sonuga, Jeanté Godlock, Moriah Brown, Dean Norris and Scott Daniel Johnson.

Disney Hires Netflix EMEA Exec Emma Smart Disney has recruited Emma Smart, Netflix’s London-based director of business affairs for original series, as its VP for business affairs, originals. Smart will report to Diego Londono, Disney’s EVP, media networks and content, negotiating UK-based original productions, as well as having oversight of European production deals.

Naman Ramachandran Netflix co-CEO Ted Sarandos revealed a continued investment push in the Indian market on Saturday. In a freewheeling chat with Indian filmmaker Sanjay Leela Bhansali in Mumbai to promote the latter’s upcoming Netflix series “Heeramandi,” Sarandos was bullish about India, repeating what he said on Friday to local media about the market’s growth. “India is the fastest growing Netflix market in the world this year and because of that, we’re able to continue to invest in great storytelling. And I think when you see ‘Heeramandi,’ you’re gonna see why it has been such the honor of a lifetime to work with Sanjay and to be able to bring this to screen. And you ain’t seen nothing yet,” Sarandos said.

Roku has welcomed Netflix into the ad streaming market.

Matt Donnelly Senior Film Writer Netflix stuck the landing on a star-studded exhibition match between tennis superstars Rafael Nadal and Carlos Alcaraz this weekend. Stakes were high on the court, but the Las Vegas showdown was most effective as a lush advertisement for the streamer as a fledgling live sports destination. Taking over the Mandalay Bay’s Michelob Ultra Arena, the inaugural Netflix Slam pit legend Nadal against 20-year-old Alcaraz.

Nick Vivarelli International CorrespondentStreamer subscriptions across the Arab world are expected to more than double over the next five years  with current regional market leader Netflix remaining firmly ahead of the pack.According to a study conducted across 13 Arabic countries by London-based research firm Digital TV Research paid SVOD subs in the Middle East region are set to rise from 9.49 million in 2021 to 21.5 million by 2027.Amid this double digit growth “Netflix will continue to lead the market, although Disney+ has provided a strong challenge since [entering the market in] June,” the firm’s chief analyst Simon Murray said.Murray interestingly added that “We assume that Netflix and Disney+ will add hybrid ad-supported tiers in a pan-Arabic platform [starting] from 2024.” Digital TV Research projects that by 2027 Disney+ will reach roughly 3,3 million subs across Arab territories.That means that, despite its fast growth, Disney+ will remain behind StarzPlay Arabia – which was launched in 2015 as the first Starz-branded SVOD outside the U.S. – and is now expected to rise to 3,4 million customers by 2027 from roughly 2 million subs in 2021.Meanwhile Netflix is projected by the study to rise to more than 5,4 million customers in Arab countries by 2027 from 3.5 million subs in 2021.The U.S.

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Leo Barraclough International Features EditorAs the European Film Market prepares to launch on Monday in a digital format, its new director Dennis Ruh talks to Variety about the rationale behind the structure that he has chosen, and the challenges he’s faced in staging this edition of the event.We took into consideration that the film industry follows a certain rhythm each year.

The Sandman is coming!

Chvrches have released a mega mix of their hit ‘The Mother We Share’ along with the unheard track ‘City On Fire’. Check it out below.Created by the band’s Iain Cook, the mega mix is made up of five demos of ‘The Mother We Share’ along with its final version.

Patrick Frater Asia Bureau Chief Ryu Seung-wan’s female-led crime caper “Smugglers” topped the South Korean box office for a second weekend, ahead of new release title “Ransomed.” “Smugglers” enjoyed a strong hold in its second weekend of release and commanded 42% market share. It delivered $7.09 million, a drop of only 20% on its opening weekend, giving a 12-day cumulative of $26.2 million, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic).

Naman Ramachandran Disney’s “Indiana Jones and the Dial of Destiny” debuted atop the U.K. and Ireland box office with £7.1 million ($9 million), according to numbers released by Comscore. The release marked the fifth biggest opening weekend for a film in 2023 in the territory, including previews, with a market share of 43%. In its fifth weekend, Sony’s “Spider-Man: Across the Spider-Verse” racked up a further £1.5 million in second place, taking its total to £25.9 million. Universal’s “Ruby Gillman, Teenage Kraken” debuted in third position with £885,056. In its sixth weekend, Disney’s “The Little Mermaid” earned £837,859 in fourth place for a total of £25 million.

Netflix jumped ahead of Thursday’s planned release by Nielsen of monthly viewership through TV sets, revealed in its second-quarter shareholder letter today that its share of total TV viewing in the U.S. hit an all-time high of 7.7% in June, up from 6.6% in June 2021.

Zack Sharf “First Kill” showrunner Felicia D. Henderson held Netflix accountable while talking to The Daily Beast about the streamer’s decision to cancel her lesbian teenage vampire series after only one season. Netflix announced the cancellation on Aug.

Tan France and Alexa Chung have revealed that presiding over the aspirations of designers in their new Netflix fashion competition show was difficult.

Zack Sharf Johnny Depp’s return to acting following his defamation trial against Amber Heard is not being backed by Netflix. Bloomberg reported that the Depp-starring French movie “La Favorite” is receiving “financial backing” from Netflix, but a source close to the streaming giant told Variety this reporting is not true. Netflix is not financing the movie but has licensed the film to stream in France only after it completes the country’s 15-month theatrical window.

A brand new BBC series is in the making that is set to rival Netflix 's hit reality show Selling Sunset. Since its release in 2019, Selling Sunset has become extremely popular with viewers on the streaming service, having just recently been renewed for a sixth and seventh season.

By Todd Spangler

The song is taken from the band's recent homecoming show at the Stockport Plaza

Keep moving! Biggest Loser trainers Steve Cook and Erica Lugo revealed how to stay fit while bingeing your favorite TV shows and staying indoors.

'Have A Good Trip: Adventures In Psychedelics' also features contributions from Nick Kroll, Sting, Natasha Lyonne and many more

Netflix’s subscriber growth slowdown at the 222 million mark portends things to come for other major streamers is one of the biggest unknowns fueling media stock volatility. Hollywood has staked its hopes for growth over the past few years on drawing subscribers from the global market thanks to streaming’s ability to reach beyond geographic borders.Indeed, the mere suggestion that Netflix’s subscriber base may plateau at around a quarter-billion subs — after the company invested more than $87 billion in content since 2013 — contributed to Wall Street’s latest wave of sell-offs in the media and tech sector.

Cannes Film Festival that the pace of deals was almost as glacial as the amount of time it takes to get your check at a restaurant in the south of France.But then, sacré bleu, Netflix struck, shelling out more than $50 million for the rights to “Pain Hustlers,” a conspiracy thriller that unites Emily Blunt with Harry Potter director David Yates, and the move has started to accelerate deal-making up and down the Croisette.This year’s market has been a litmus test for film sales as the U.S. and key international markets emerge from the worst of the pandemic.

Here are some of the key talking points from the Cannes Film Festival and market at half-way.

EXCLUSIVE: Netflix might have had a bumpy few weeks, but the streamer is poised to strike the first major Cannes deal on a hot market package.

After three years of taking place entirely online, Hong Kong International Film & TV Market (Filmart), the largest content market in Asia before the pandemic, is finally returning as a fully-fledged in-person event (March 13-16, 2023). 

The independent label community is set to grow its share of the UK recorded music market this year, for the fifth year running, according to new number crunching of Official Charts Company data by record label trade body BPI.According to the BPI’s maths, independently-released tracks have accounted for 28.6% of music consumption in the UK so far this year. That’s up from 26.9% for the whole of 2021 and just 22.1% back in 2017.Of course these days the “independently-released” category includes all the music put out by conventional independent record companies, as well as tracks released by artists who basically run their own labels, including those working with DIY distributors.The indie sector scores even higher when it comes to album consumption, whether that’s the sale of CDs and vinyl records, or when streaming data is crunched on an albums basis.