‘Netflix’ Tagged Posts

Guillermo del Toro is making a stop-motion Pinocchio film for Netflix

Guillermo del Toro, the Academy Award-winning director of “The Form of Water” (to not point out “Hellboy,” “Pan’s Labyrinth” and “Pac...

 

Guillermo del Toro, the Academy Award-winning director of “The Form of Water” (to not point out “Hellboy,” “Pan’s Labyrinth” and “Pacific Rim”) is making a brand new model of “Pinocchio” for Netflix.

I’d thought that after del Toro’s awards victory earlier this 12 months he may lastly make his long-thwarted adaptation “On the Mountains of Insanity.” And whereas I’m not giving up hope that I’ll see a del Toro-helmed model of the traditional H.P. Lovecraft horror story sooner or later, plainly he’s stepping into a unique path for now.

The official announcement from Netflix describes this as del Toro’s “lifelong ardour venture,” and says that will probably be each a stop-motion animated movie and a musical.

“No artwork kind has influenced my life and my work greater than animation and no single character in historical past has had as deep of a private connection to me as Pinocchio,” del Toro mentioned in a press release. “In our story, Pinocchio is an harmless soul with an uncaring father who will get misplaced in a world he can’t comprehend. He embarks on a rare journey that leaves him with a deep understanding of his father and the true world. I’ve wished to make this film for so long as I can bear in mind.”

This isn’t the director’s first venture for Netflix — he beforehand created the animated sequence “Trollhunters,” and he has one other sequence within the works for the streaming service, “Guillermo del Toro Presents 10 After Midnight.” Netflix says that along with directing the movie with Mark Gustafson (“The Unbelievable Mr. Fox”), he’ll co-write and co-produce it. The Jim Henson Firm (which can be making a “Darkish Crystal” prequel sequence for Netflix) and ShadowMachine are producing as properly.

Netflix additionally introduced at present that it’s elevating an extra $ 2 billion in debt to fund its authentic content material plans. It says manufacturing on “Pinocchio” will start this fall.

Netflix shares are up after the streaming service provides practically 7M new subscribers in Q3

 

After a disappointing second quarter, Netflix is again in Wall Avenue’s good graces. The corporate simply launched its third quarter earnings report, and as of 5:30pm East Coast time, the inventory is up 12 p.c in after hours buying and selling.

Crucial quantity right here is subscriber development, and that’s the place Netflix got here in manner forward of expectations, with 6.96 internet additions, in comparison with the 5.07 million that analysts predicted. The service now has a complete of 137 million members, and 130 million paying members.

The corporate additionally reported earnings of 89 cents per share on income of $ four billion — analysts had predicted EPS of 68 cents.

Along with reporting on the newest financials, Netflix’s letter to shareholders additionally gives an replace on its authentic content material technique. It distinguishes between two various kinds of Netflix Originals — those like “Orange Is The New Black,” the place Netflix will get the primary window for distribution, and others like “Stranger Issues,” the place it really owns the content material.

The corporate says:

As we speak, we make use of a whole lot of individuals in bodily manufacturing, engaged on all kinds of owned titles unfold throughout scripted and unscripted collection, youngsters, worldwide content material, standup, docs and have movies from all around the world. To assist our efforts, we’ll want extra manufacturing capability; we just lately introduced the collection of ​Albuquerque, New Mexico​ as the location of a brand new US manufacturing hub, the place we anticipate bringing $ 1 billion in manufacturing over the following 10 years and creating as much as 1,000 manufacturing jobs per 12 months. Our inside studio is already the one largest provider of content material to Netflix (on a money foundation).

Netflix subscription adds Q3

Netflix additionally says romance has been large just lately, due to its “Summer time of Love” slate of authentic movies, which have been watched by greater than 80 million accounts. Apparently “To All The Boys I’ve Liked Earlier than” did significantly effectively, turning into one in every of Netflix’s most-watched authentic movies, “with robust repeat viewing.”

The service plans to launch “Gravity” director Alfonso Cuarón’s new movie “Roma” in December, which has already been getting rave critiques at movie festivals. Whereas Netflix’s authentic films typically have a minimal presence in theaters, the corporate says “Roma” (like Paul Greengrass’ “22 July”) shall be launched in additional than 100 screens worldwide — not a blockbuster rollout, however not a perfunctory launch, both.

The corporate is forecasting the addition of 9.four new members within the fourth quarter.

Netflix exec says 85 p.c of recent spending will go in direction of unique content material

 

In case you had any doubts that unique content material is an enormous precedence at Netflix, Chief Content material Officer Ted Sarandos estimated that 85 p.c of the corporate’s whole spending goes to new reveals and films.

That’s in keeping with Selection, which reported on Sarandos’ remarks immediately at MoffettNathanson’s Media & Communications Summit 2018 in New York. He additionally mentioned Netflix has a 470 originals scheduled to premiere between now and the top of the 12 months, bringing the entire as much as round 1,000.

It’s most likely not stunning that the service is prioritizing originals. In spite of everything, Netflix appears to be highlighting a brand new unique each time I open it up, and opponents like Apple, Amazon and Hulu are ramping up their very own spending.

However the depth of Netflix’s library, which is achieved by licensing content material from others, has at all times appeared like a power — the truth is, a current research discovered that licensed content material generates 80 p.c of Netflix viewing in the US.

A part of the context right here is that most of the studios which have offered their content material to Netflix previously at the moment are both saving it for their very own streaming providers or seeking to elevate the costs.

And whereas motion pictures account for one-third of viewing on Netflix, Sarandos pointed to new, massive price range titles as one space the place it not is sensible for the streaming service to spend a ton of cash — as a result of when you actually wish to catch the newest blockbuster, you most likely already noticed it in theaters.

“We mentioned, possibly we are able to put the billion we’d put in an output deal into unique movies,” he mentioned.

Sarandos additionally sees a possibility to develop extra unscripted content material like Queer Eye, and to signal massive offers with high-profile showrunners like Shonda Rhimes and Ryan Murphy.

Netflix had beforehand projected that it could spend $ 7 billion to $ eight billion on content material this 12 months. And simply immediately, Netflix introduced that it’s renewing Misplaced in House for a second season (we have been followers of season one) and picked up 10 After Midnight, a horror anthology sequence from Form of Water director Guillermo del Toro.

Netflix cuts original TV deal with DreamWorks

 

LOS ANGELES (AP) â €? Netflix announced Monday that it would offer new television DreamWorks Animation in 2014 in what the company described as the biggest deal ever for the latest original content.

Although financial details were not disclosed, Netflix Inc. said the deal includes more than 300 hours of new TV episodes to a multi-year agreement. Analysts estimate that the agreement can be hundreds of millions of dollars over time.

operation is a major coup for both companies. It helps Netflix compete with premium channels like HBO and Showtime, DreamWorks and indicates a potentially lucrative market for his performances as he tries to get rid of the dependence of two or three big budget films a year.

“This is undoubtedly a revolutionary agreement,” said Tuna Amobi, an equity analyst at Standard & Poor’s, which covers both Netflix and DreamWorks Animation SKG Inc.

While concerns remain about how much the case will cost Netflix at the end, the company said that it can not start with the original series in the 40 countries where Netflix operates. This could help to spread as Netflix continues to expand abroad. Costs over a larger area and more subscribers

“The big question is whether this is an international catalyst in terms of subscriber growth will be,” said Amobi.

Investors welcomed the deal as a victory winner. Netflix shares rose $ 15.24, or 7.1 percent, to close at $ 229.23 Monday, while DreamWorks shares rose 93 cents, or 4 percent, to close at $ 23.74.

Netflix strengthen doubling down on original programming for children, hoping to push her to become a brand of family entertainment. New content should alleviate some of the pain of loss shows a series of children’s network Nickelodeon ‘Viacom Inc., including future episodes of “Dora the Explorer” which Amazon.com Inc. snapped up by its streaming service in early June

The agreement enables DreamWorks significantly accelerate television production currently produces only ‘Dragons:. Riders of Berk “for Cartoon Network, which is a series of 20 episodes of 23 minutes each completed?? Less than 8 hours of content via a? March

A second season of” Dragons “is scheduled for release in the fall, and Netflix has already signed a contract with DreamWorks for a series based on his new film, “Turbo.” But the case that some new series will begin the business standard length of five to seven years each year industry.

new series will be based on characters or future success of the film, the past as “Shrek” franchise hits or more, including hundreds of characters such as “Casper the Friendly Ghost,” which DreamWorks has acquired the Media classical past July for $ 155 million.

The new DreamWorks shows are not likely to walk on land already covered by existing television shows, according to the spokeswoman Allison Rawlings DreamWorks.

licenses> all characters from DreamWorks ‘Kung Fu Panda’,” Madagascar “and” Monsters vs. Aliens “on Nickelodeon Viacom, the original television production of animation shows was based on these films since 2008.

The multi-year agreement in principal secret Netflix dedicated to “House of Cards,” a political drama starring Kevin Spacey, which debuted to rave reviews on Netflix in February.

Netflix is ​​adding original programming to the list of older movies and TV shows repetitions, and is preparing to launch the Jenji Kohan-created “Orange is the new black” next month. The company said that in the coming years, the expenditures include the original content less than 10 percent of the $ 2 billion in annual costs of the content.

Netflix increased attention to children’s programs is regarded as a departure from the tactics of the pay-TV channels, high-end traditional like HBO, Starz and Showtime, including original shows tend to be adapted to adults. Also slopes competition for children viewers with Amazon, which last month announced that it will produce three new original shows for children are members of Amazon Prime service plan.

Netflix said it has 29.2 million subscribers streaming video in the United States and 7.1 million internationally at the end of March. These figures are up 5.8 and 4.1 million a year earlier, respectively.

In December, Netflix announced that it would offer Disney films, starting with movies released in 2016. He refused to enter into such an agreement for the rights of Sony films of 2016, which was maintained by Starz.

The reaction of investors

was not unequivocally positive. Analyst Rich Tullo brokerage Albert Fried & Co. said he doubts that DreamWorks has the capacity to produce. More than one or two new series per year

“It is physically impossible without the content being spread over 10 years,”

he said. Television Life is not guaranteed, and it is not clear that this will compensate for the loss of contents Nickelodeon Netflix, he said.

“Will they lose two million subscribers from the loss of the contents of Nickelodeon It is also possible,” he says.

Netflix is ​​gradually shifting where it the money? preferably exclusive and original content on emissions that occur elsewhere, as the case was with the Starz content and Viacom. He left two of these agreements expire.

company studied viewing habits of its subscribers to ideas to determine whether the program is likely to collect a success in his service and how to pay. But have not been winners all the choices.

“Arrested Development” began last month, Netflix shares fell more than 6 percent, as critics have been mixed reviews. Monday gains more than offset the lost ground.