Netflix Chief Content Officer Ted Sarandos acknowledged the friction that kept Netflix’s 2019 awards contenders The Irishman and Marriage Story from securing a wide release despite strong creative pedigrees and critical buzz for both titles, but he indicated that it’s a matter of time before the industry adjusts to a new paradigm. After all, he noted, Netflix led the industry in Oscar nominations this year with 24 bids.
Imelda Staunton has been tapped to be the last actress to play Queen Elizabeth II. She will take the crown in the fifth season from Olivia Colman, who, in turn, succeeded Claire Foy.
The company added 8.8 million worldwide subscribers during its fourth quarter, surpassing expectations at a time when it faces heated competition.
Netflix CEO Reed Hastings today officially opened Netflix’s vast new French headquarters in the center of Paris. Currently home to 40 employees in film, TV and marketing, and with ample space for at least 100 more, the shiny new space is a major sign of intent for the streamer in one of Europe’s most important — and heavily regulated — markets.
Netflix will spend $17.3 billion on content in 2020, according to a new forecast by Dan Salmon, an analyst with BMO Capital Markets. The company spent a bit more than $15 billion in 2019. Salmon sees the tally rising past $26 billion by 2026.
When movie fans check out the annual Oscar showcases at two major theater chains, AMC Theatres and Regal Cinemas, the lineup of best picture nominees will be incomplete. After Netflix received 24 Oscar nominations on Monday — the most of any studio and the highest level to date for the streaming giant — both chains said that they wouldn’t screen its movies.
Netflix has turned in its best performance in the rankings of distributors with Oscar nominations — 24 compared to 15 last year. It has secured the top spot for the first time. Disney ends up right behind with 23, between the studio’s 10 noms, six each for 20th Century Fox and Searchlight, and another for Disney-owned National Geographic’s The Cave. Disney, by the way, had 17 noms last year, with Fox Searchlight turning in that number also.
TV’s streaming wars are a global contest, and this year India became one of the most hotly contested fronts.
In a year of huge streaming hits, Murder Mystery topped Netflix’s most popular U.S. releases list for 2019. The comedy movie beat out some impressive titles, including Stranger Things 3, 6 Underground, The Incredibles 2, The Irishman, The Witcher, The Triple Frontier, Extremely Wicked, Shockingly Evil and Vile and The Umbrella Academy, which rounded out the streaming company’s top 10 list.
Disney’s Fox unit has dropped two interference claims against Netflix. The move, made official in court papers filed Dec. 24, represents something other than a Christmas gift for the streamer whose recruitment of entertainment executives under contract set off a high-stakes legal battle. Instead, Fox’s dropped claims all but guarantees there will be no trial in January. The two companies are likely to move to the appellate stage sooner rather than later.
In the not-so-distant past (2010), TV viewers were forced to wait a week for the next installment of their favorite shows, parceled out by networks in half-hour or hour-long increments. Fast forward to 2019, when media and tech companies are subverting that schedule and the majority of viewers using U.S. TV streaming services watch an average of four hours of content in one sitting, according to Deloitte. To understand how we got here, look at Netflix
At the beginning of the 2010s, Netflix had just over 12 million subscribers paying $9 a month, primarily for the joy of receiving those iconic red envelopes in their mailbox. The company was worth a few billion dollars. A $1 million bet on Netflix’s stock placed on Jan. 1, 2010, would be worth close to $43 million today. The 4,181% return, as of Friday’s close, beats all current members of the S&P 500, which Netflix joined in December 2010, replacing The New York Times. The index as a whole is up 189% over the past 10 years.
Netflix’s two top execs, CEO Reed Hastings and chief content officer Ted Sarandos, will each see their pay rise to more than $34 million in 2020, according to the company’s filing with the SEC on Monday. Both are set to make $34.7 million next year, which would represent a 10% pay increase from the $31.5 million each earned this year.
The streaming giant, which likes to keep its numbers to itself, gave out fresh information on regional subscriptions in an official filing.
Tide Pod shout-outs onscreen. Flirtatious exchanges with companies on Twitter. Netflix may not run ads, but it has become a coveted marketing platform. Above: A scene in the Netflix series Daybreak name-checks Aquaphor, Quilted Northern, Tide and other companies, none of which paid for the mentions.
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).
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.
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.