Netflix’s Sarandos Shoots Down Roku Takeover Rumors: ‘We Don’t Need It’

The Netflix Co-CEO does confirm that it’s talking to Roku, Google and Comcast about potential partnerships.

 

Netflix Begins Second Round Of Layoffs, 300 Cut

Layoffs have hit Netflix again, with the streamer letting go of roughly 300 staffers on Thursday. The cuts are across multiple business functions in the company, with the bulk of the jobs lost in the U.S. These new layoffs hit just a few weeks after the streaming giant — which has a global workforce of roughly 11,000 staffers — made an initial round of reductions of similar size in May.

Netflix Eyes Tie-Ups For Ad Tier

The streaming company is seeking to sell ads around its programming to boost revenue. Partnerships could help it move faster to bring an ad-supported version of its service to market.

Netflix Meets With Google About Ads

As the world’s biggest advertising conference convenes in Cannes, France, all eyes will be on Netflix for clues on how the streaming giant plans to break from its ad-free business model to offer a cheaper subscription for the first time. Netflix Co-CEO Ted Sarandos is scheduled to cap off a week of panels with a talk on Thursday at the Cannes Lions festival.

Two Actors From Netflix’s ‘The Chosen One’ Are Dead After Cast And Crew Van Crashes In Mexico

MEXICO CITY (AP) — Two actors on the Netflix series The Chosen One were killed and six other cast or crew members were injured after the van they were riding in crashed near Mulege on the Baja California Sur peninsula. Local media reported the crash occurred Thursday, and said the van flipped after running off […]

Netflix Braces for More Layoffs This Week

Netflix is bracing for its next round of layoffs as the streaming giant looks to cut costs in the wake of its stock troubles. Impacted staff are expected to be told at the end of the week. It’s unclear what departments are going to be hit, but sources suggest that the cuts could be similar in size to the round of reductions undertaken in May. At that time, Netflix laid off 150 employees and dozens of contractors and part-time workers.

Netflix Set To Lose Another Off-Net Stalwart, ‘Criminal Minds’

Mo’Nique, Netflix Reportedly Settle Her Suit Alleging Bias

The terms of the settlement between the streaming giant and the comedian and Oscar-winning actor weren’t disclosed Wednesday, when they jointly filed in a Los Angeles federal court for the racial and sexual discrimination case’s dismissal.

Netflix Global Head Bela Bajaria On The Streamer’s Recent Woes: ‘We’re the Underdog Now’

The streamer has been in the line of fire following the company’s major drop in valuation, leading to plenty of speculation about the future of Netflix and its content spend. “This year, we’re expected to spend $17 billion on content, that hasn’t changed in that way,” Bajaria told an audience at the Banff World Media Festival. Speaking at the conference, Bajaria admitted that “it has been noisy for sure.”

‘Squid Game’ Reality Series Coming To Netflix With Biggest Cash Prize In TV History

The streaming home to the hit survival drama announced Squid Game: The Challenge, with 456 players in real-life competition in a series of games for a record-setting $4.56 million purse.

Netflix Installs Electronic Arts Vet Ken Barker In Top Accounting Role

‘Squid Game’ Season 2 Greenlighted By Netflix

It’s official: Netflix has renewed its biggest series, Squid Game, for a second season. The follow-up had been in development, and Netflix brass — as well as the series’ writer, director and executive producer Hwang Dong-hyuk and main cast — had teased a return of the show following the runaway success of the initial installment.

Analyst: Roku-Netflix Deal is ‘Absurd’ And ‘Hard To Understand’

Rumors that Netflix might be interested in buying Roku boosted Roku’s stock on June 6 but produced mixed reactions from analysts.

Roku Stock Jumps After Report Of Potential Takeover By Netflix

Roku shares traded firmly higher Wednesday following a report that linked the streaming service hub to a potential takeover by Netflix. Business Insider reported Wednesday that Roku has recently closed the window during which employees can sell their vested stock grants, citing people familiar with the matter, and that talk inside the San Jose, Calif.-based group has focused on a potential takeover bid from streaming giant Netflix.

Netflix’s Top 10 For Week Of May 30: ‘Stranger Things’ Breaks ‘Bridgerton’ Record

Netflix Reportedly Enters Bidding For F1 Rights

Netflix is said to be battling Amazon and Comcast/NBCU to unseat incumbent ESPN/Disney for a rights package that could exceed $100 million a year

Netflix Is Cutting Back, But Not On L.A. Productions

Despite recent layoffs, Netflix said it is doubling down on Los Angeles, filming at least 70 productions in the area this year as the streamer spends roughly $18 billion on content globally.

Analyst: Adding Commercials Will Boost Netflix Subs 6%, Earnings 20% In 2025

Netflix‘s foray into the advertising world will take time to build but will eventually lead to more subscribers and higher earnings, according to a new report from Wells Fargo media analyst Steven Cahall. He estimates AVOD will account for 30% of its subscribers.

‘Ozark’ Dominates Nielsen Streaming Chart, Racking Up More Than 3.3B Minutes Of Viewing

The climactic half of Ozark‘s final season propelled the drama to a dominant win on Nielsen’s weekly streaming chart for May 2 to 8. With more than 3.3 billion minutes of streaming, the series accounted for 40% of the week’s Top 10. The second part of the latest (and final) season debuted on April 29.

Netflix’s Password-Sharing Crackdown Is Already A Mess

Reports out of one of the first test markets, Peru, reveal that Netflix is still struggling to define a basic premise of its strategy — just what is a “household”?

Nielsen, Netflix Bump Heads Again On Streaming Metrics

Once again, Nielsen’s weekly “Streaming Top 10” rankings seem to be directly at odds with Netflix’s “Global Top 10,” with the research company ranking Netflix limited original series Anatomy of a Scandal in fourth place for the week of April 18-24. Nielsen tallied 690 million viewing minutes for Anatomy of a Scandal for the week, trailing fellow Netflix shows Better Call SaulBridgerton and Cocomelon.

Netflix Adds Warning To ‘Stranger Things’ Season Premiere After School Shooting

After Layoffs At Netflix, Questions Mount Over Diversity Efforts

Netflix’s layoffs included dozens of people who promoted diversity on its social media channels, causing some to question its commitment to inclusion.

Netflix Top 10: ‘Lincoln Lawyer’ Jumps To No. 1 As ‘Stranger Things’ Returns Ahead Of Season 4

Netflix’s Layoffs Are Just The Beginning Of Streaming’s Correction

GLAAD Calls Ricky Gervais’ Netflix Special ‘Dangerous, Anti-Trans Rants Masquerading As Jokes’

Netflix Could Boost U.S. Revenue By 21% With Ad-Supported Tier

Netflix’s addition of an ad-supported tier could generate as much as $2.5 billion in annual advertising revenue in the U.S. alone, while boosting overall domestic revenue by 21%, according to calculations conducted and published by The Information.

Nielsen, Netflix Bump Heads Again On Programming Metrics

Nielsen ranks Anatomy of a Scandal No. 4 for the week of April 18-24 after Netflix declared it “No. 1 in the U.S.”

From Connected TVs To Netflix: The Biggest Trends From NewFronts | PRO Insight

Netflix Has Been Quietly Screening Movies, TV Shows Months In Advance For Subscriber Feedback

Since May 2021, the streamer has been reaching out to small groups of subscribers with a proposition: The company is inviting them to participate in a panel to provide feedback on Netflix’s upcoming movies and TV shows before they’re released publicly.

Netflix Hit By Layoffs; About 150 Mostly U.S.-Based Employees Affected

Layoffs are underway at Netflix today. About 150 positions out of the streamer’s 11,000 workforce are being eliminated amid a slowdown in the company’s revenue growth. They are largely based in the U.S., a significant portion in creative. A number of them are in the executive ranks, including in original content, with a couple of director-level original series execs rumored to be leaving.

‘Black Mirror’ Returns: New Series In The Works At Netflix

Netflix, CBS Commanded The Most Viewing Time In 2021-22

Nielsen data show TV users watched 4 trillion minutes of programming on the big four broadcasters and the five streamers it publicly tracks.

Norm Macdonald Shot Secret Final Netflix Stand-Up Special Before Death

Norm Macdonald, who died last September at the age of 61, privately shot an unreleased one-hour stand-up special. The acclaimed Saturday Night Live actor-comedian known for his deadpan delivery was diagnosed with cancer in 2012 but kept his illness private. He was working on new material for a Netflix special when he had to go into the hospital in the summer of 2020. Netflix will release the surprise program — Norm Macdonald: Nothing Special‚ on May 30.

From Twitter To TV, Are We In A Media Reckoning?

Hollywood went all in on streaming, but Netflix’s plummeting stock, CNN’s shutdown of its CNN+ streaming service, and a forthcoming sale of Vice has chief executives and the stock market questioning whether that was the wrong bet. In this conversation, Kara Swisher breaks down this year’s media shake-ups with Matt Belloni, founding partner at Puck News, and Ben Smith, the former New York Times media reporter who is a founder of a media start-up called Semafor.

Ozark Season 4 Remains Netflix’s Top TV Show For Week Of May 2

Netflix Tells Employees Ads May Come By End Of 2022

Executives said they were aiming to introduce an ad-supported, lower-priced subscription tier in the last three months of the year, sooner than originally indicated.

Frank Langella Blames ‘Cancel Culture’ After Firing From Netflix Show

Netflix Shareholders File Suit, Claim Company ‘Failed to Disclose’ Downer Growth Outlook

A group of Netflix investors have filed suit against the streaming company in a San Francisco federal court, alleging that from October to April, Netflix failed to disclose “adverse material facts” about its true growth prospects. The class-action complaint names Co-CEOs Reed Hastings and Ted Sarandos, as well as Chief Financial Officer Spencer Neumann.

Netflix Scraps Animated Series From Prince Harry And Meghan Markle