Netflix Plans 80 Movies In 2018, Up From Eight In Current Quarter; “People Will Start Seeing The Potential”
Aiming for a level of output not seen since the two-reeler silent movie days, Netflix plans to put out a new original movie on average every four and a half days in 2018, for an eye-popping total of 80 releases, content chief Ted Sarandos said after today’s release of third-quarter earnings.
That level compares with eight in the quarter that ended September 30, Sarandos said. His brief comments came during a 40-minute video conversation between a single analysts and the… Read
Netflix Brass To Address Price Hikes, Content Spending On Monday Earnings Call
In a quarterly presentation ritual that has come to resemble the unveiling of a new Apple device in its blend of high-tech and get-rich anticipatory fever, Netflix will release its third-quarter earnings on Monday after the closing bell.
Wall Street will be watching, as always, for subscriber numbers. Last quarter’s numbers blew the roof off estimates and sent the company’s shares soaring. As of July, it reported 100 million global streaming subscribers and 51.9 million… Read
Netflix Defends $500 Million Canadian Investment: “No Tax Deals Were Part Of The Approval”
Netflix, which won approval last week to ramp up a production unit in Canada, its first outside the U.S., is hitting back at criticism that the deal afforded Netflix special treatment and allowed it to skirt the rules governing other content players in the country.
Corie Wright, director of global public policy, argued the streaming service’s position in a lengthy blog post today. In the post, headlined “What Netflix’s half a billion CAD investment in Canada is really… Read
Titan Platform Launches ‘Beyond OTT’ Set-Top Device In U.S. And Asia
Titan Platform, a 5-year-old Korea-based company, is entering the crowded U.S. streaming video market today with what it calls a “beyond-OTT” set-top device, which will also be available in China, Singapore and South Korea.
Essentially a souped-up version of streaming boxes and dongles offered by Roku, Apple, Google and Amazon, the Titan Core is designed to combine video viewing with smart-home controls (climate control, security, appliances, etc.), enhanced encryption… Read
Netflix Makes ‘Shaft’ Reboot Deal That Could Change The Model For Urban-Themed Films
EXCLUSIVE: Leave it to the franchise featuring the coolest private eye to come up with an inventive way of potentially changing the model for how certain urban-themed movie get financed and distributed. Sources say that New Line and Netflix are nearly closed on the untitled Shaft reboot. Netflix will pay more than half the film's high $30 million budget, in exchange for international rights and the ability to put the film on its streaming outside the U.S. two weeks after… Read
Roku Shares Soar 68% In IPO As Investors Buy Streaming Startup’s Growth Story
Shares in Roku soared 68% in their first day of trading, closing at $23.50 and boosting the streaming company’s market capitalization to $369 million.
On Wednesday night, Roku priced its IPO at the top of the range it had originally specified, $12 to $14 per share, aiming to generate more than $200 million with the offering. By the opening bell, pre-session demand had nudged the stock to $15.76.
Roku was founded in 2002 and has long been admired by even staunch rivals for… Read
Hulu Lands SVOD Rights To ‘30 Rock’, ‘Parenthood’ & Others In Deal With NBCUniversal TV
Hulu is about to get in the middle of Liz Lemon and Jack Donaghy’s business. The streaming service has a deal with NBCUniversal Television for exclusive SVOD rights to all episodes of the Emmy-winning NBC comedy 30 Rock, starring Tina Fey, Alec Baldwin, Tracy Morgan and others. The series makes its Hulu debut on Sunday.
The new pact also includes the complete library of NBC’s Parenthood, the first season of Paul Reiser’s new comedy There’s Johnny and multiple seasons of… Read
‘Sugar Pine 7,’ Dolan Twins Top 2017 Streamy Awards – Complete Winners List
Steven Suptic’s Sugar Pine 7 won Show of the Year and Dolan Twins were named Creator of the Year at the seventh annual Streamy Awards, presented Tuesday night at the Beverly Hilton.
Produced by dick clark productions, the Streamys celebrate the best in online video and the creators behind it. This year featured the first Purpose Awards, planned as an annual event recognizing creators, brands and nonprofits that make a difference in their communities and positively… Read
Vimeo Buys Livestream, Launches Live Streaming Enterprise Service
As social media behemoths like Facebook and Twitter increasingly focus on live video, the Barry Diller-backed Vimeo has acquired Livestream, which handles 10 million live online events a year, and launched a new offering that enables customers to broadcast high-quality live video.
In a blog post, the unit of IAC Corp. said the enterprise service would be superior to more consumer-oriented options, just as Vimeo long managed to distinguish its video player as one… Read
Chinese Streaming Service iQiyi Eyeing U.S. IPO At $8B-$10B Valuation – Reports
Chinese streaming video service iQiyi, which is owned by the internet giant Baidu, is planning an initial public offering in the U.S. next year, according to multiple reports.
The IPO will value the company at $8 billion-$10 billion, both Reuters and Bloomberg reported, citing unidentified sources. A report in the South China Morning Post said Baidu and iQiyi declined comment. Deadline’s calls to iQiyi requesting comment were not returned Tuesday after business hours in… Read
‘Will & Grace’ Lands First-Ever Streaming Deal With Hulu For Old & New Episodes
As Will & Grace is coming back to NBC for at least two new seasons, the series’ original 194 episodes will be made available for streaming for the first time via a deal with Hulu. The Emmy-winning comedy will be available beginning Thursday, a week ahead of the September 28 return of Will & Grace on NBC.
Hulu will be the exclusive SVOD partner for the original eight seasons, which also will be available on the NBC app and pay TV providers with authentication. The deal… Read
‘Good Omens’: Jack Whitehall, Michael McKean, Miranda Richardson & Adria Arjona Join Amazon Series
Jack Whitehall, Michael McKean, Miranda Richardson and Adria Arjona are aboard for Amazon’s six-part TV adaptation of Good Omens, based on the book by Terry Pratchett and Neil Gaiman.
Described as equal parts humor and horror, fantasy and drama, Good Omens takes place in 2018 when the Apocalypse is near and Final Judgment is set to descend upon humanity. The armies of Good and Evil are amassing, Atlantis is rising, and tempers are flaring. Everything appears to be going… Read