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.
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.
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.
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.
its dominance over the rest of the streaming landscape has shrunk from 29% — a drop of nearly one third- as more services like HBO Max and NBCU’s Peacock have debuted in the last year.In its shareholder letter, Netflix said it doesn’t believe “competitive intensity materially changed in the quarter or was a material factor in the variance as the over-forecast was across all of our regions.” The company said the subscriber-miss was due primarily to a harder time acquiring new customers, since
Netflix would add during the first quarter.It marked a huge comedown from the same time last year when Netflix added nearly 16 million subscribers.
Netflix reported 208 million global subscribers as of the end of the first quarter, missing its own prediction for 210 million.
Todd Spangler NY Digital EditorNetflix’s subscriber growth cooled in the first quarter of 2021 after record pandemic-fueled gains last year — and the streamer added about 2 million fewer customers than it previously expected.For Q1, the company reported 3.98 million in net global streaming subscribers.
Netflix is gearing up to once again open the quarterly earnings season for entertainment companies, providing its first-quarter subscriber and financial update after the stock market close on Tuesday. After a record-setting 2020 that it ended with more than 200 million global subscribers, helped by stay-at-home orders due to the coronavirus pandemic, management has projected 6 million subscriber additions globally for the opening period of 2021.
Cynthia Littleton Business EditorAs media giants begin raising the curtain this week on their second-quarter financials, the numbers are expected to show signs of growing pains for fledgling streaming platforms and signs of maturity for Netflix and other established players.Results for the quarter that ended June 30 also mark the first earnings cycle to lap the start of the COVID-19 pandemic in March 2020, meaning that year-ago comparisons will be for operations also conducted in extraordinary
Todd Spangler NY Digital EditorNetflix’s new test to verify subscription credentials of users — and convert password freeloaders into paying customers — could help the global streamer grow its subscriber count, according to a Wall Street analyst.“We view any potential password crackdowns as tailwind and Netflix is in a strong position to continue price increases in 2021,” Bank of America Securities analyst Nat Schindler wrote in a research note Friday.To date, Netflix hasn’t taken any proactive
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.
Disney+ will dramatically expand its subscriber edge over Netflix in the Asia-Pacific region in 2021, according to a report released Wednesday by research consultancy Media Partners Asia. Meaningful comparisons between the two streaming services in the region are somewhat difficult to draw, however, due to differences in pricing and the markets where each company is strongest.
Netflix beat forecasts for subscriber growth and total revenue in the fourth quarter, adding 8.5 million subscribers to reach a global total of 203.7 million.
Netflix has some chilling and thrilling new titles coming out in the next couple of months!- Just Jared Jr A Time cover is going to create some controversy – Celebitchy See the trajectory of Megan Fox‘s love life – Popsugar Addison Rae will no longer be doing this! – Just Jared Jr
Netflix CFO Spencer Neumann addressed the decision to pull out of Russia and pushed back ever-so-slightly less firmly than the notion of advertising being introduced to the service.
Netflix has revealed its full revenue from UK subscribers for only a second time — and it has been a year of growth for the streaming giant.
Brooklyn Beckham may soon follow his parent's recent Netflix success, and be the subject of his own docu-series from the streaming giant.The recent Beckham family series focuses on David Beckham's meteoric rise to become one of the most famous football players in the world and his relationship with Victoria Beckham.The popular docu-series gave some insight into the pair's marriage, including showing Victoria teased by David for claiming she’s from a “working class background” as well as exploring David's alleged affair with his former personal assistant Rebecca Loos. And it seems that there may be another Beckham documentary on the horizon, this time focusing on Brooklyn and wife Nicola.
Matt Donnelly Senior Film Writer Netflix Co-CEO Ted Sarandos shed some light on why negotiations between striking actors union SAG-AFTRA and Hollywood’s biggest producers fell apart. After a blistering statement from the guild in the wee hours on Thursday morning accused the studios and streamers of “bully tactics,” Sarandos hit the main stage of Bloomberg’s Screentime conference and ran headfirst into questions about the breakdown. Sarandos said that Wednesday evening talks ended with the guild proposing a “levy” on on each of Netflix’s roughly 238 million subscribers.
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.
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.
#LoveIsBlindLIVE will be on in 15 minutes!” Netflix tweeted at 5:02 PM PT, just minutes after the live reunion was expected to begin. As of 40 minutes into the start of the special, the event had not begun livestreaming for many.The delayed start frustrated many “LIB” fans, even Rep.
Bad news for fans of Sex/Life!
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.
EXCLUSIVE: Netflix EMEA TV boss Larry Tanz has claimed the streamer is defying subscriber teething problems by continuing to grow investment in the region, standing by commitments and helping crews and talent as he prepares to welcome a wealth of prospective hits including Dark creators Baran bo Odar and Jantje Friese’s 1899.
a crackdown on password sharing, which led to a huge subscription spike — presumably as freeloaders found themselves locked out.Unlike other services, Netflix did not show commercials until late 2022, when it began trialing an ad-supported plan. A recent report stated that just 5 million users had signed up for the option globally.
By Dade Hayes, Jill Goldsmith
Shares of Disney, Paramount, Warner Bros. Discovery all closed higher and continued to gain in after-hours trading when Netflix, the dominant streamer, lost fewer subscribers in the June quarter than it said it would.
970,000 customers cancelled their subscriptions in the second quarter, leading to an after-hours stock rebound of 7%. The market-leading streaming service now stands at 220.67 million worldwide subscribers and is projecting a global addition of 1 million new customers in the upcoming third quarter. That positive guidance is a big reason why Wall Street is showing some renewed confidence in the stock.
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.
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