Netflix

Another top TV showrunner is headed to Netflix with a rich overall deal. Marti Noxon has signed a multi-year overall pact with the streaming giant to exclusively produce new series programming through her Tiny Pyro production banner. Additionally, Netflix will have a first-look option on Noxon’s feature projects.

Since 2014, Netflix has improved each year, as live TV declined each year. Some 56% of respondents said they watched their favorite shows online, reports a Hub study.

Producers Sony Pictures Television are making the most (financially) out of Jeopardy. Netflix announced Monday that it has acquired 45 library episodes of the Alex Trebek-hosted quiz show, which will be available to stream for the first time on the service starting Tuesday. The announcement follows an August deal that Sony Pictures TV made with Hulu for 60 episodes of the syndicated game show.

ABC’s SVP and head of comedy Jamila Hunter is leaving the network after seven years. She is joining Kenya Barris’ Khalabo Ink Society, to run the company under its rich Netflix overall deal aimed at developing new comedy series.

Netflix said Monday it is tacking on an additional $2 billion in debt so it can continue to make original shows and movies and license content from others as it faces mounting competition from other streamers, including services expected next year from Disney and WarnerMedia.

For quite some time, it looked as though Netflix, with its seemingly bottomless coffers and try-anything attitude, would never cancel anything. The company habitually renewed shows as soon as they hit the platform. Recently, though, that’s began to change. The streaming service just pulled the plug on the Marvel show Iron Fist after two seasons, and Everything Sucks after one—and comedian Michelle Wolf’s talk show The Break after only 10 episodes. Netflix’s laissez-faire approach to programming, it seems, is coming to an end.

The streaming service surprised Wall Street with huge gains in subscribers in the third quarter. The results showed why AT&T and Disney spent big on their latest acquisitions.

Cast members posted a video Wednesday announcing the series’ 2019 end, which was confirmed by a Netflix spokeswoman. In the video, the actresses thanked fans for their support and promised a fulfilling wrap-up to the comedy-drama set in a women’s prison.

WarnerMedia joins an armada of well-funded competitors looking to take on Netflix’s over-the-top dominance, but a crowded landscape may become a zero-sum game.

The video-streaming service added 7 million subscribers worldwide from July through September, far above the company’s target of 5 million and exceeding analyst projections. Investors lifted Netflix’s stock by more than 11% to $386.30 in extended trading.

Viacom is joining the battle against Netflix’s hiring practices, filing a suit that accuses the streaming service of poaching a TV production executive. In the suit filed on Oct. 5 in L.A. Superior Court, Viacom alleges that Netflix induced Momita SenGupta to breach her contract, which was not set to expire until April 21, 2020.

The streamer pays so well it’s been sued by competitors. The downside: Your co-workers can see exactly what you make.

Billionaire media mogul Barry Diller says he worries that tech companies like Amazon and Netflix are consolidating power, threatening to undermine the way the entertainment industry works.

Alphabet, Facebook, Netflix and others will be in focus on Sept. 24 when they are moved out of the tech and consumer discretionary sectors into a deepened pool of communication and media stocks. In the largest-ever shakeup of the Global Industry Classification Standard (GICS), the telecommunication services sector will be renamed “communication services” and include 18 companies pulled from consumer discretionary and technology, including Netflix, Walt Disney Co. and Twitter.

Rachel Whetstone is leaving the top corporate communications job at Facebook and will take one running public relations for Netflix. Whetstone is the latest high-ranking executive to leave the massive social network in recent months. Her boss, Elliot Schrage, announced in June that he was planning on leaving the company; business development head Dan Rose said last week he was also departing.

Jason Hirschhorn, the CEO and chief curator of Redef, returned to Recode Media with Peter Kafka this week to talk about media moguls, the virtues of taking time off and what Netflix got right that everyone else in TV got wrong. The old guard’s first mistake: Thinking Reed Hastings and co. were “suckers” for paying a lot of money to license old content in the early days.