Every earnings season, Netflix is one of the first companies to report. This quarter, the company delivered a stellar quarter that sent its shares soaring. As of this writing, Netflix shares trade at over $975, having made a new all-time high just days ago.
Netflix started its move into original programming with dark and broody dramas such as Lilyhammer, House of Cards and Narcos. Over the years, it has expanded into multi-camera sitcoms, reality programming and live sporting events,
Netflix’s Ted Sarandos paid tribute to David Lynch and revealed that the director discussed a new series with the streaming service prior to his death.
Merchandising! Merchandising! That’s where the real money from the movie is made, if you listened to wise old Yogurt from the comedy classic
Netflix CEO Ted Sarandos called live sports on the streamer, like NFL games, "a really fantastic thing” but it stay limited unless the economics improve.
Netflix CEO Ted Sarandos says that David Lynch had been working on a limited series for the streamer, but it went unrealized due to COVID.
The exclusive Imax engagement of Greta Gerwig's upcoming Netflix fantasy epic "Narnia" does not represent a "change in our core strategy," according to co-CEO Ted Sarandos. On the Tuesday earnings call,
Writing on Instagram, Sarandos discussed the limited series that was spoken of in the press under the tentative name Wisteria, saying, “It was a David Lynch production, so filled with mystery and risks but we wanted to go on this creative ride with this genius.
Netflix has applied its “Stranger Things” merchandising strategy to other entertainment franchises, including “Squid Game” and “Bridgerton.” At the Nuremberg Toy Fair on Jan. 23, it announced a partnership with the LEGO Group to develop new play sets based on “One Piece,” Netflix’s live-action adaptation of Eiichiro Oda’s manga series.
Sarandos specifically recalled the time when Lynch came close to making “his last project” with Netflix. “He came into Netflix to pitch a limited series which we jumped at. It was a David Lynch production,
Obviously, shareholders love to see a company beat earnings, and analysts were impressed by the performance with one calling it a "near flawless" quarter. However, beyond the headline numbers, co-CEOs Ted Sarandos and Greg Peters also shared fantastic news regarding its new subscribers and the stickiness of its platform.
Greta Gerwig’s Narnia is getting a two-week run in Imax theaters, but don’t think it's a change to Netflix’s stance on theatrical runs for its movies.