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☆ From Mike Tyson-Jake Paul fight to NFL games, Netflix interest in live sports is rising
▼ + stars: | 2024-05-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +7 min

The company has also leaned into live comedy shows, broadcasting a slew of events including the recent roast of Tom Brady. But on its most recent earnings call in April, co-CEO Ted Sarandos said Netflix isn't "anti-sports, but pro-profitable growth." Conway teaches courses about sports leadership and management, and he spent much of his career as a marketing executive for two Major League Baseball teams. Over the past few years, Apple has bought the rights to air Major League Baseball and Major League Soccer games. CNBC reported last year that Netflix, as well as Amazon, Apple, Comcast's NBCUniversal/Peacock, had expressed potential interest in a contract.

Persons: Rafael Nadal, Tom Brady, Sarandos, Ted Sarandos, Mike Tyson, Jake Paul, Marty Conway, Conway, Needham, Laura Martin, Martin, Brandon Katz, Katz, NBCUniversal, Peacock, William Mao, Octagon, Tyson, Paul, Mao Organizations: Netflix, WWE, Georgetown University, Major League Baseball, Apple, Disney, Warner Bros . Discovery, Fox, Warner Bros, Major League Soccer, National Football League, National Basketball Association, CNBC, NFL, NBA, Comcast

☆ Netflix blows past earnings estimates as subscribers jump 16%
▼ + stars: | 2024-04-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Total memberships rose 16% in the first quarter, reaching 269.6 million, well above the 264.2 million Wall Street had expected. However, the quarter marks one of the last glimpses investors will get of the company's subscriber base going forward. The company posted revenue of $9.37 billion for the quarter, up from $8.16 billion in the year-ago quarter. Netflix could also provide more insight into its partnership with TKO Group Holdings to bring WWE to the platform. As of Thursday morning, the company's stock was up 27% year to date and around 85% over the last 12 months.

Persons: we've, we're, Ted Sarandos, Jake Paul, Mike Tyson Organizations: Netflix, LSEG Revenue, LSEG, TKO, Holdings, WWE

☆ Why Zuck, Ivanka Trump and the world's rich and famous are flocking to a lavish party in India
▼ + stars: | 2024-03-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg, Bill Gates and other CEOs and celebs are at a wedding pre-party in India this weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The centibillionaire's grip on domestic commerce makes him a powerful partner for Western companies trying to break into the Indian market. Vital growth frontierUS executives are eager to cozy up to Ambani and Reliance because they see dollar signs when they look at India.

Persons: Mark Zuckerberg, Bill Gates, Mukesh, —, Sundar Pichai, Ivanka Trump, Mukesh Ambani's, Ambani, Larry Page, Sergey Brin, Anant, Radhika Merchant, Mukesh Ambani, Nita, Prodip Guha, Tim Cook, Cook, Apple's, Ted Sarandos, Meta Organizations: Apple, Microsoft, Netflix, Service, Reliance Industries, Bloomberg, Qualcomm, Intel, Hindustan Times, Amazon, Indian Locations: India, China, New Delhi

☆ Did Netflix's movie boss leave because he didn't want to make so many movies?
▼ + stars: | 2024-01-26 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Netflix movie boss Scott Stuber, who joined in 2017, is leaving. AdvertisementOn Monday, when Netflix announced that Scott Stuber, their longtime film boss, was leaving to start his own production company, we wondered what the backstory was. Or, more accurately, one version of the answer: Stuber, who Netflix brought in to ramp up its movie business in 2017, was sick of making so many movies. Related storiesHe also wanted to get those movies into movie theaters, with wide distribution, before they came to Netflix. Sarandos and Bajaria—Stuber's boss since last January—wanted none of that, even though Netflix loses many coveted projects over the theater issue.

Persons: Scott Stuber, —, Ted Sarandos, Bela Bajaria —, — Kim Masters, Matt Belloni, Stuber, Here's, Bela Bajaria, He'd, Chris Nolan wouldn't, Oppenheimer, Belloni, Sarandos, Oscar Organizations: Netflix, Service, — Netflix, Hollywood, Apple, Sundance, Big Bad Locations: Puck, Hollywood

☆ Netflix is 'thrilled' with its crackdown on shared passwords. Don't expect it to end anytime soon.
▼ + stars: | 2024-01-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLast year, Netflix made the controversial move to stop allowing users to share passwords with people outside their households. This story is available exclusively to Business Insider subscribers. And it looks like it paid off for them, so don't expect them to ease up on the new rules. AdvertisementSarandos added that Netflix subscribers average roughly two hours of engagement each day with the platform, with hits like "Stranger Things," "Bridgerton," and "Squid Game" attracting enormous audiences in countries all over the world.

Persons: —, Ted Sarandos, Sarandos, We're, Greg Peters, Peters, we've Organizations: Service, Netflix, Business Locations: France

☆ Watching Netflix without ads may cost you more as cheapest Basic plan gets phased out
▼ + stars: | 2024-01-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

This story is available exclusively to Business Insider subscribers. AdvertisementThe move leaves some users facing a de-facto price increase as Netflix's next cheapest ad-free plan costs $15.49 a month. The company reported a record fourth quarter, adding 13.1 million subscribers and boosting its total to 260 million globally. Its closest rival, Disney+, is still trailing far behind with 150 million subscribers. Netflix did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Ted Sarandos, Sarandos, We're Organizations: Service, Business, Netflix, Disney, Raw, WWE Locations: Canada, France

☆ Netflix earnings: Will the streaming service continue to make profit into 2024?
▼ + stars: | 2024-01-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Netflix, which is in a quiet period ahead of earnings, declined CNN’s request for comment. In November, Netflix aired its first-ever live sports event, and its third-ever foray into live programming, called “The Netflix Cup,” a crossover competition between Formula 1 drivers and professional golfers. “We are investing heavily in increasing our live capabilities,” Netflix’s co-CEO Ted Sarandos said on the company’s earnings call in October. Next, Netflix plans to experiment with a new type of live programming: award shows. But even before the announcement, the number of shows and original programming Netflix churned out had already hit its peak, according to data analyzed by MoffettNathanson.

Persons: ’ ”, Jessica Reif Ehrlich, Reed Hastings, Amy Reinhard, Netflix’s, Reif Ehrlich, Philip Pacheco, ” Netflix’s, Ted Sarandos, Greg Peters, ” Peters, Matthew Harrigan, ”, Scott Stuber, Max, Peacock, MoffettNathanson, Harrigan, ” Harrigan Organizations: Los Angeles CNN, Netflix, Warner Bros, Bank of America, Guild of America, Netflix Inc, Bloomberg, Getty, Formula, Theft, Amazon, Hulu, Disney, Paramount Locations: Hollywood, FactSet

(Both men already hold sizable amounts of Alibaba stock.) Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent. The stock purchases will probably bring attention back to Ma, a former English teacher who helped start Alibaba as an e-commerce platform. Ma, who hasn’t held a management role at Alibaba or Ant in years but remains a lifetime partner in the Alibaba Partnership, now largely focuses on Bill Gates-style philanthropy. And she’s expected to take swipes at Trump’s economic record as president.

Persons: Tsai, Ma, Alibaba, Ant, hasn’t, Bill Gates, Nikki Haley, Donald Trump, Eric Rosengren, Robert Kaplan, Kaplan, Rosengren, Archer, Daniels, Vikram Luthar, Scott Stuber, Spike Lee, Martin Scorsese, Jane Campion, Stuber, Ted Sarandos, Netflix’s, Bela Bajaria, Biden’s, Janet Yellen, Lael Brainard, they’re, Biden, ” Ray Fair Organizations: Pool Management, Alibaba, Brooklyn Nets, New York Liberty, Nets, Boston Fed, Dallas Fed, Republican, Biden, Yale, Times Locations: U.S, Hong Kong, China, Ma, Beijing, ’, Paris, New Hampshire, Dixville

☆ WWE deal doesn't mean Netflix will invest more in sports, co-CEO says
▼ + stars: | 2024-01-23 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

After Netflix and WWE parent company TKO Group announced the deal Tuesday morning, it sparked questions about whether Netflix would try to buy streaming rights for one of the major sports leagues. Netflix paid more than $5 billion for 10 years of WWE's Raw and other international programming. Sarandos called the WWE Raw deal "the inverse of Formula 1," as WWE is popular in the U.S. and has a relatively small international audience. "We can build [WWE] like we have with Formula 1 through our shoulder programming," Sarandos said. The move to pay a giant rights deal is a clear shift for Netflix.

Persons: Dwayne, Johnson, John Cena, Ted Sarandos, Sarandos, WWE's, Mark Douglas Organizations: Life, Netflix, WWE, National Basketball Association, NBA, CNBC Locations: Miami Gardens , Florida, U.S

☆ 3 big challenges facing Netflix as the streaming wars enter a brutal new phase
▼ + stars: | 2024-01-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Hollywood stakeholders and analysts alike have declared Netflix the winner of the streaming wars — but the celebration may be short-lived as streaming enters a new phase. Analysts can't say for sure how much more subscriber growth Netflix can add through its cheaper ad tier and password-sharing crackdown, though. Plus, Netflix is about to face big competition for ad dollars from Amazon, which will launch ads on Prime Video starting January 29. Also, Big Tech's ability to fund their streaming services indefinitely could keep subscription prices depressed for Netflix, along with everyone else, Bernstein noted. But now that the strikes are over, some analysts predict Netflix will face a bigger content bill going forward.

Persons: Scott Stuber, Forrester, Mike Proulx, Brian Wieser, Evercore, Peacock, Oscar, Ted Sarandos, Netflix isn't, Gen, Bernstein, Jason Bazinet Organizations: Netflix, Business, Disney, Macquarie Research, Paramount, Citigroup Locations: Canada, North America

☆ Netflix’s Head of Film to Depart
▼ + stars: | 2024-01-22 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

News of Mr. Stuber’s departure came on the eve of the Oscar nominations. During his tenure, which began in 2017, Netflix has had eight films nominated for best picture, though a win in that category has proved elusive. “Scott has helped lead the new paradigm of how movies are made, distributed and watched,” Ted Sarandos, Netflix’s co-chief executive, said in a statement. “He attracted unbelievable creative talent to Netflix, making us a premiere film studio.”While Mr. Stuber’s slate of movies helped to boost Netflix’s business substantially, he often clashed with Mr. Sarandos over strategy. Mr. Stuber often tried to appease filmmakers by pushing for wider theatrical releases than Mr. Sarandos was willing to undertake.

Persons: Scott Stuber, Oscar, Martin Scorsese, Spike Lee, Jane Campion, Alfonso Cuarón, Stuber’s, “ Scott, Ted Sarandos, Netflix’s, “, Stuber, Sarandos Organizations: Netflix, ., Mr

☆ Why did the powerful head of Netflix's movie studio just leave?
▼ + stars: | 2024-01-22 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

If you do work in movies, you almost certainly have heard of him: He's the guy in charge of Netflix's movie division, and for years, Netflix's movie division made a lot of movies, at a time when lots of studios were shrinking. Now that's changing, and now Stuber isn't going to be at Netflix anymore: Netflix says he's leaving to start his own media company. And a few months after that, when Stuber's name was floated as a possible contender to run Amazon's movie business, he didn't seem long for the place. Now, Stuber said, Netflix was going to cut its output in half so it could make things better things. Asked for comment, a Netflix spokesperson supplied quotes from Stuber, Sarandos, and Bajaria saying nice things about each other.

Persons: Scott Stuber's, Stuber, Ryan Reynolds, Martin, Scott, Reed Hastings, Ted Sarandos, Greg Peters, Bela Bajaria, We'd Organizations: Netflix, Business, Universal, Stuber, Hollywood, Variety Locations: Hollywood, Stuber

☆ Netflix is pulling back on movies, adding to Hollywood's woes as a grim box office year looms
▼ + stars: | 2024-01-13 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

The downsizing of Netflix's film ambitions is on pace with a broader contraction at the streamer, which announced 88 fewer original films last year than in 2022. But for some on Wall Street, the right number of Netflix original films just might be zero. Netflix's rise has been a mixed bag for filmWhen Netflix film head Scott Stuber joined the company in 2017, the mandate was quantity. Netflix announced a whopping 232 original films in 2021, according to Ampere Analysis. Netflix's original films started declining in 2022 from the 2021 peak of 232.

Persons: bode, Scott Stuber, Stuber, David Fincher, Ted Sarandos, Ted Hope, Hope, didn't, Variety, Maestro, we're, Netflix's, Kevin Goetz, Michael Pachter, Kasey Moore, LightShed, Goetz, " Goetz, Wedbush's Pachter, Pachter Organizations: Netflix, Business, Ampere, Independent, Variety, Hollywood, Puck News, Apple, LightShed Partners Locations: —

The annual invite-only luncheon honored 10 films and 10 television shows with well-spoken words about each celebrated project followed by a brief clip of a scene. “Welcome to the annual AFI group hug,” institute President Bob Gazzale said as many in the audience chuckled. Robbie chatted for a while with “Oppenheimer” director Christopher Nolan, who eventually pivoted to shake hands with Robbie's “Barbie” castmate America Ferrera. Director Steven Spielberg took photos with “Barbie” director Greta Gerwig. “Thank you all for celebrating the best without making it a competition, just a shared appreciation.

Persons: —, Margot Robbie, Meryl Streep, Leonardo DiCaprio —, “, Bob Gazzale, Robbie chatted, “ Oppenheimer, Christopher Nolan, Robbie's “, ”, Maestro ”, Bradley Cooper, Carey Mulligan, Ali Wong, Ted Sarandos, Jeffrey Wright, Sterling K, Brown, James Marsden, Debra L, Lee, Steven Spielberg, “ Barbie, Greta Gerwig, ” Gazzale, It's, that's, ” “ Barbie, ” “ Maestro, ” “, ” “ Oppenheimer, “ Abbott, Cillian Murphy, Emily Blunt, Jennifer Aniston, Robert Downey Jr, Emma Stone, Selena Gomez, Quinta Brunson, Lily Gladstone, Ayo, Tracee Ellis Ross, Ellen Burstyn, Oscar, Tony Organizations: American Film, AFI, Netflix, BET, ” Films, ” Television, “ Locations: BEVERLY HILLS, Calif, Beverly Hills

☆ After years of resisting, Netflix releases viewing statistics for nearly all titles
▼ + stars: | 2023-12-12 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Creators rejoice: Netflix is finally revealing viewership statistics on nearly all of its shows and movies. Netflix has long had a reputation for lack of transparency about the popularity of its shows and movies. Netflix has also launched an advertising tier that demands more transparency as brands want information about how frequently certain shows and movies are watched. Between January and June, 55% of Netflix viewing came from original films and series and 45% from licensed titles, Sarandos said. Netflix revealed viewing information for more than 18,000 titles, accounting for 99% of all its viewing and all titles watched more than 50,000 hours.

Persons: Ted Sarandos, Sarandos, Jennifer Lopez, Read Organizations: Netflix, JPMorgan

☆ Hollywood actors' strike is set to end Thursday after SAG-AFTRA reached a tentative agreement with major studios
▼ + stars: | 2023-11-09 | by ( Alison Brower | Reed Alexander | ) www.businessinsider.com time to read: +5 min

SAG-AFTRA has reached a tentative agreement to end its strike against the Hollywood studios. The strike lasted 118 days, and, along with the Hollywood writers' strike, halted most film and TV production. AdvertisementAdvertisementThe actors' union, SAG-AFTRA, announced Wednesday evening that it had secured a tentative deal with Hollywood studios to end a strike of nearly four months, a spokesperson for the guild confirmed to Insider. The guild's national board will review the tentative deal on Friday, November 10, after which the union said "further details" would be released. While 2023 has seen some box office highs, most notably the summer's Barbenheimer phenomenon, movie theaters, and Hollywood studios are still struggling to recover from the pandemic drop in theatergoing.

Persons: AFTRA, —, Netflix —, Bob Iger, Donna Langley, Ted Sarandos, David Zaslav, Debra Messing, Pedro Pascal — Organizations: Hollywood, Service, SAG, Alliance, Television Producers, Writers Guild of America, Warner Bros, Disney, Netflix, Discovery, WGA, Apple, Paramount, Sony, Writers Locations: California, Hollywood, —

To studio executives who negotiated with the SAG-AFTRA president, the former star of "The Nanny" prolonged a strike while she relished her high-profile role. As president of the 160,000-member SAG-AFTRA union, Drescher won widespread praise from performers for her tenacity in fighting for better wages and protections against the rising threat of artificial intelligence technology. Drescher framed her actions as part of a broader labor movement battling Corporate America, where, in her view, executives place Wall Street's approval and their own compensation ahead of the welfare of workers. Studio executives, who declined to criticize Drescher publicly to avoid inflaming labor talks, said the 66-year-old Drescher delivered similar unvarnished critiques to industry leaders during closed-door negotiations. "Her interest as the union president is to see all performers, from background to the top 2%, succeed in a vibrant industry for the next century and beyond."

Persons: Fran Drescher, Duncan Crabtree, Fran Fine, Drescher, Kate Bond, Jill Morgan, AFTRA, Wall, Norma Rae, Ivy Kagan Bierman, Loeb & Loeb, Shari Belafonte, Belafonte, Bob Iger, Ted Sarandos, Kimberly Westbrook, Fran, Westbrook, Justine Bateman, Alex Plank, Bobby Cannavale, Robert De Niro, Ezra, She's, Plank, Dawn Chmielewski, Lisa Richwine, Mary Milliken, Rosalba O'Brien, Gerry Doyle Organizations: SAG, Writers Guild of America, Hollywood, Netflix, Broadway, CBS, Corporate America, Loeb &, NBC, Walt Disney, Amazon Studios, Thomson Locations: Los Angeles , California, U.S, ANGELES, Queens, Ireland

☆ The deal to end the historic actors’ strike came down to the wire, averting ‘a huge financial blow to everybody’
▼ + stars: | 2023-11-09 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

Then, suddenly, with only minutes to go until the cutoff, the studio bosses got their answer: SAG-AFTRA, the union that represents the 160,000-some actors, had accepted the deal. Relief among the big four studio chiefs, made up of Disney’s Bob Iger, Warner Bros. Discovery’s David Zaslav, Netflix’s Ted Sarandos, and NBCU’s Donna Langley. Relief among the actors, who will finally get back to work. And relief among the other unions and workers who rely on the hum of the Hollywood machine to make ends meet. To get television shows back in January and keep film schedules to where they are, studios will need to quickly restart production.

Persons: Bob Iger, Discovery’s David Zaslav, Ted Sarandos, Donna Langley, “, AFTRA, ” Sarandos, Zaslav Organizations: CNN, Hollywood, Warner Bros, Donna Langley . Relief, SAG Locations: Tinseltown

☆ Netflix unveils $70 million restoration of historic Hollywood theater
▼ + stars: | 2023-11-08 | by ( Omar Younis | ) www.reuters.com time to read: +2 min

Netflix Co-CEO Ted Sarandos accepts the 2022 Economic Development Visionary Award during the Hollywood Chamber of Commerce 2022 Economic Development Summit in Los Angeles, California, U.S., August 25, 2022. Netflix said it spent $70 million to restore the theater, preserving its original Egyptian Revival design in the courtyard and inside the building while adding updated sound and projection equipment. "To be able to bring it back, and it's a beautiful movie house, is just an incredible point of pride for us." Netflix will hold premieres of its films and other special events at the theater on weekdays starting with a screening of David Fincher's "The Killer" on Thursday. Reporting by Omar Younis; Additional reporting and writing by Lisa Richwine; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Ted Sarandos, Mario Anzuoni, Robin Hood, Douglas Fairbanks, David Fincher's, Rick Nicita, that's, Nicita, Omar Younis, Lisa Richwine, Sandra Maler Organizations: Netflix, Hollywood Chamber of, Summit, REUTERS, Egyptian, Thomson Locations: Los Angeles , California, U.S, Los Angeles .

☆ Striking actors are reviewing Hollywood and TV studios’ ‘best and final offer’
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —A deal to resolve film and television actors’ 113-day strike could be imminent, as the union representing them said it is reviewing Hollywood and TV studios’ final offer. The negotiating committee for the SAG-AFTRA union on Saturday said it received a “last, best and final offer” from the Alliance of Motion Picture and Television Producers, whose members include Disney, Netflix, NBCUniversal, and Warner Bros. Warner Bros. Both the actors and writers fought for updated deals that better paid them for shows and movies on streaming services. Disney’s Bob Iger, Warner Bros. Discovery’s David Zaslav, Netflix’s Ted Sarandos, and NBC Universal’s Donna Langley have been directly involved in negotiations.

Persons: ’, It’s, George Clooney, Tyler Perry, Bob Iger, Discovery’s David Zaslav, Ted Sarandos, Donna Langley Organizations: New, New York CNN, Hollywood, SAG, Alliance, Television Producers, Disney, Netflix, Warner Bros . Discovery, Warner Bros, CNN, NBC Locations: New York

☆ SAG-AFTRA strike: Hollywood actors and major studios make progress in talks, signaling possible deal on horizon
▼ + stars: | 2023-10-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —It appears the actors’ strike is approaching its final scene. That progress has led to hopes that an agreement could be reached as early as this week or next week, the people said. One such issue, the use of artificial intelligence, has proved to be a sticking point between the writers and studios and required careful examination. SAG-AFTRA told its members early Monday that over the weekend it had “discussed all open proposals,” including A.I., with the studios. That would mean actors, crews, and much of the Hollywood industry would have to endure the holiday season out of work.

Persons: Duncan Crabtree, —, Bob Iger, Discovery’s David Zaslav, Ted Sarandos, Donna Langley —, AFTRA, Hollywood, “, ” Crabtree, Variety, we’re, ” Organizations: CNN, Hollywood, SAG, Warner Bros, NBC, Sherman

☆ Actors and Hollywood Studios to Restart Negotiations
▼ + stars: | 2023-10-21 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

The major entertainment studios and the union representing tens of thousands of striking actors will return to the negotiating table on Tuesday, less than two weeks after talks were suspended because the sides remained far apart on significant issues. The restart of negotiations was announced in a joint statement on Saturday from the Alliance of Motion Picture and Television Producers, which bargains on behalf of the studios, and SAG-AFTRA, the actors’ union. On Oct. 9, the Writers Guild of America ratified its new contract and there had been hope that a new deal with the actors would follow. The strikes have been devastating financially for many, both within and outside the industry. But an agreement with the actors would mean getting back to work without losing the entirety of the fall television schedule or having next summer’s moviegoing season upended.

Persons: —, Donna Langley, Ted Sarandos, Robert A, David Zaslav — Organizations: Alliance, Television Producers, SAG, Netflix, Walt Disney Company, Warner Bros, Writers Guild of America Locations: California

☆ Is Netflix’s Subscriber Jolt a One-Hit Wonder?
▼ + stars: | 2023-10-19 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Ted Sarandos, Netflix co-chief executive, has said that the company and other streaming platforms, studios and networks were ‘super committed’ to reaching a deal with striking Hollywood actors. Photo: Chris Delmas/Agence France-Presse/Getty ImagesThe stars aligned for Netflix in its latest quarter, but making sequels to this hit will be a challenge. The streaming giant said Wednesday that it added about 8.8 million net new paid subscribers during the third quarter. That is the highest number added in a single quarter since early 2020, when interest in TV streaming exploded during the pandemic lockdowns. It was also 45% higher than what Wall Street had expected for subscriber additions.

Persons: Ted Sarandos, Chris Delmas Organizations: Netflix, Agence France

Almost 9 million subscribers joined Netflix around the globe in the third quarter, surpassing Wall Street analysts' forecast for 6 million, according to LSEG. The strong performance showed Netflix was thriving despite Hollywood labor tensions that shut down a large swath of U.S. production. Netflix increased the U.S. price of its premium ad-free plan by $3 per month to $22.99. Substantial subscriber gains came in Europe, the Middle East and Africa, where Netflix added nearly 4 million subscribers. Netflix programming accounted for 8% of television screen time, second only to YouTube, the company said, citing Nielsen data.

Persons: Ted Sarandos, Sarandos, Paolo Pescatore, Mike Blake, Prince Harry's, Meghan Markle, Lisa Richwine, Aurora Ellis, Bill Berkrot, Leslie Adler Organizations: Netflix, Wall Street, Comcast, Brothers, Investors, REUTERS, USA, YouTube, Nielsen, Thomson Locations: United States, Britain, France, Los Angeles , California, U.S, Europe, East, Africa

But the actors' talks were tepid, with days off between sessions and no reports of progress. WHAT HAPPENS NEXT IN THE ACTORS STRIKE? Their 42-day work stoppage began and ended all within the span of the much longer writers strike. Other segments of the actors union have gone on strike too, including several long standoffs over the TV commercials contract. That segment of the union could strike again soon if a new contract deal isn't reached.

Persons: —, Fran Drescher, I’ve, Ted Sarandos, ” Sarandos, ” Duncan Crabtree, Crabtree, “, ” Drescher, that’s, AFTRA, Ronald Reagan, Tony Curtis, Janet Leigh, Jamie Lee Curtis, Bob Hope, ”, Powers Boothe, isn't, Martin Scorsese, Leonardo DiCaprio hasn't Organizations: ANGELES, Screen, American Federation of Television, Radio Artists, SAG, Associated Press, Netflix, Actors, U.S, Union, The Television Academy Locations: Ireland, Crabtree, hollywood

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