tedsarandos
‘Barbie’ and ‘Oppenheimer’ would have grabbed “just as big an audience” on Netflix as in cinemas, the streamer’s co-CEO has declared. Ted Sarandos, 59, made the statement about last year’s two biggest blockbusters – which raked in a joint $2.4 billion at the global box office and were credited with helping ‘save cinema’ from the jaws of stay-at-home streaming – while talking about what type of content isn’t right for Netflix. He told The New York Times: “I don’t think that there’s a clean answer because the best version of something may work really well for Netflix but just hasn’t worked to da...
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Reed Hastings is stepping down as CEO of Netflix. The streaming giant will see a new regime as current chief product officer and chief operating officer Greg Peters and chief content officer Ted Sarandos will jointly step into the role after the 62-year-old founder announced his decision to step aside. After creating the company with Marc Randolph in 1997 as a DVD mail rental service as a rival to the now-defunct Blockbuster, he took it to new heights by leading the streaming revolution in Hollywood for TV and films but is happy to leave it in their trusty hands, especially after the struggles...
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Netflix has cut another 300 jobs after subscriptions fall. The streaming giant carried another round of job cuts after letting 150 go back in May and reporting its first dip in subscribers in ten years. They said: "While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth,” adding they were continuing to hire in other areas. Netflix - who boasts 220 million accounts from all over the world - has since gathered a load of competition from rivals as Disney Plus, Hulu, Amazon Prime and others. In additi...
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‘Squid Game’ has been renewed for a second season. The South Korean dystopian drama - which became streaming platform Netflix's most popular series on launch after reaching 214 million households in 2021 - has been greenlit for another installment following its huge global success. Ted Sarandos, Netflix's co-CEO and Chief Content Officer told Variety: “The 'Squid Game' universe has just begun.” The series -which stars Lee Jung-jae, Gong Yoo, Park Hae-soo, HoYeon Jung and O Yeong-su - explored a secret competition with 465 contestants in terrible financial situations battling it out to the deat...
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Halle Berry has signed a multi-picture deal with Netflix. The Academy Award-winning actress, 55, directed and starred in sports drama 'Bruised' for the streaming giant, which went on to top the global charts, and she could be set for even more success after putting pen to paper on a new contract. In a statement, she said: "My directorial debut, ‘Bruised,’ was a labour of love and I knew that Scott [Stuber] and Ted [Sarandos] [CEOs of Netflix] would treat it with great care. "The Netflix team has not only been collaborative and creative, but extremely passionate and a delight to work with. I am...
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Netflix has teamed up with Howard University to fund a $5.2 million scholarship in honour of Chadwick Boseman. The late actor - who died in August 2020 at the age of 43 after losing his battle with colon cancer - graduated from the college in 2000 with a Bachelor of Fine Arts in directing, and became a global star after landing the title role in 2018's 'Black Panther'. Howard University president Wayne A.I Frederick said: "It is with immense pleasure and deep gratitude that we announce the creation of an endowed scholarship in honour of alumnus, Chadwick Boseman, whose life and contributions t...
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Steven Spielberg will make "multiple" feature films for Netflix. The award-winning director has confirmed his film studio Amblin Partners has agreed to a new partnership with the streaming giant and he is looking forward to working alongside Netflix bosses, Ted Sarandos and Scott Stuber, in the future. He said: "At Amblin, storytelling will forever be at the centre of everything we do, and from the minute Ted and I started discussing a partnership, it was abundantly clear that we had an amazing opportunity to tell new stories together and reach audiences in new ways. "This new avenue for our f...
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