If Netflix’s figures are accurate, that would make Martin Scorsese’s 3 1/2 hour crime epic one of this year’s most widely watched Oscar contenders. On Monday it received five Golden Globe nominations, including best film, drama.
The shutout, believed to be for the first time, of the broadcast networks — ABC, NBC, CBS, Fox, The CW and PBS — made for a seemingly awkward situation for NBC, which will host the awards ceremony Jan. 5 and covered the nominations live on Today. It was a crowining moment for Netflix, which got 17 TV nods, to go with its 17 on the movie side.
Nick Maniatis, who ran the New Mexico’s film office before going to work for Netflix, spoke to a group of hundreds of business leaders and elected officials who were gathered Thursday in Albuquerque. He described it as a “golden era,” saying the amount of content that’s out there is amazing. Above, ABQ Studios in Albuquerque, where Netflix announced at the studio complex that it chose Albuquerque as a new production hub.
Martin Scorsese’s The Irishman drew 13.2 million total viewers over its first five days on Netflix, according to Nielsen. That average-minute audience is more than El Camino: A Breaking Bad Movie (8.2 million) and less than Bird Box (16.9 million).
Exclusives
Wall Street’s reaction so far to Walt Disney Co.’s long-awaited streaming service suggests investors believe the competition may not be as crushing as expected for entertainment rival Netflix
Netflix Chairman and CEO Reed Hastings said he’s not “worried” about the imminent launch of Disney Plus — but he did indicate that he sees the Mouse House as the most robust new rival in the streaming wars. “Disney is a great company — we admire them,” said Hastings, speaking at the New York Times’ DealBook conference Wednesday in Manhattan. “They’re a wonderful competitor.”
Netflix‘s intermittent, self-reported “ratings” are famously met with scrutiny. But supposing the streaming giant — or any of its established peers, such as Hulu and Amazon — did cave and regularly disclose ratings for their “binge” releases. Has anyone thought about what that data would or should even look like?
Netflix plans to raise $2 billion for what it refers to as “general corporate purposes,” which it says “may include content acquisitions, production and development,” among other things.
Netflix US Subscriber Growth Slows
The latest sign of the challenges facing Netflix emerged Wednesday with the release of its third-quarter results. The numbers provided further evidence that Netflix’s salad days may be over, particularly in the U.S., where most households that want its 12-year-old streaming service already have it.
Faced with new competition like Disney Plus, the streaming service has quietly prepared a barrage of shows and movies for children and families.
Netflix stock, which has slumped in recent months, perked up Thursday as analysts gave a vote of confidence in the streaming giant’s prospects. Shares reached $276 halfway through Thursday’s trading day, their highest level in three weeks. After a discouraging second-quarter earnings report in July, the stock has retreated but it remains essentially flat for the year to date.
The company that defined the concept of binge watching has continued to reinvent itself. But as Disney, Apple and others enter the streaming business, Netflix faces the biggest challenge in its history.
Disney will no longer accept ads from the streaming giant Netflix on its entertainment networks, changing its advertising policy as the company makes a major push into the streaming space. The move comes as media and entertainment companies reevaluate their competitors in the wake of a rapidly changing media environment.
Shares of Netflix dropped nearly 4% on Tuesday and were on track for their deepest quarterly decline in seven years after two analysts added to growing worries about an impending wave of competition from Walt Disney and other rivals.
Netflix will make a “big increase” in its investment in British television production next year, taking advantage of the country’s strong story-telling expertise, CEO Reed Hastings said on Friday.
Netflix has landed worldwide rights to the iconic sitcom in a five-year deal with distributor Sony. The show will move from current rightsholder Hulu when its deal is up in 2021.
Apple disclosed Iger’s departure in a regulatory filing Friday, but his resignation became effective last Tuesday. That’s the same day that Apple announced its long-awaited video streaming service will debut Nov. 1 and cost only $5 per month, less than half the price of Netflix’s most popular plan.
The Great British Baking Show episodes will air weekly, but it’s not what you might think — though Netflix is doing something different with Rhythm + Flow.
Feature-length movie El Camino: A Breaking Bad Movie is set to debut Friday, Oct. 11, on the streamer and later air on AMC, with Aaron Paul returning as meth cook Jesse Pinkman.
There have been a handful of exits of Netflix executives from different areas related to kids and family programming. The layoffs took place over the past two to three weeks and five people were involved.
