Netflix Co-CEO Ted Sarandos Says $2.5BN Korean Investment Won’t Exploit Local Industry, Amid Pushback From Lawmakers

Gene Maddaus Senior Media Writer SAG-AFTRA has agreed to a last-minute call for federal mediation of its contract, but indicated it will not extend its deadline for deciding whether to go on strike beyond Wednesday at midnight. That would appear to leave relatively little time for a mediator to avert a strike, which could begin as soon as Thursday morning. In a statement on Tuesday afternoon, the union emphasized that “time is running out” and made clear that relations between the two sides have become extremely strained. “The AMPTP has abused our trust and damaged the respect we have for them in this process,” the union said. “We will not be manipulated by this cynical ploy to engineer an extension when the companies have had more than enough time to make a fair deal.”

Last minute calls are being made by Hollywood chiefs to try and prevent an actors strike.

SAG-AFTRA strike, with just a day to go before the contract deadline. A group of CEOs and senior executives, including Disney chief Bob Iger, Warner Bros. Discovery’s David Zaslav and Netflix’s Ted Sarandos, gathered by conference call Monday evening to discuss the urgent situation with SAG-AFTRA poised to go on strike as soon as Thursday. In addition to the executives discussing efforts to bring in a federal mediator, talent agency chieftains including Ari Emanuel of WME and Bryan Lourd of CAA have reached out to SAG-AFTRA leaders in recent days to offer assistance that could stave off a second Hollywood work stoppage this summer.

Dean McDermott, plays out, Tori Spelling has been staying in a run-down $100-a-night motel in the Los Angeles area, according to a new report. Page Six published images of the "Beverly Hills, 90210" alum leaving a roadside lodge over the weekend with children Liam, 16, Stella, 15, Hattie, 11, Finn, 10, and Beau, 6. Tori donned a crop top and low-rise sweatpants. Tori's 2023 has been no picnic. Earlier this year she was forced to move out of her rental home due to "extreme" mold.

Twitter CEO Linda Yaccarino is throwing a little shade at Threads after Meta CEO Mark Zuckerberg announced his platform had crossed 100 million signups in less than a week.

NeNe Leakes and Kim Zolciak have had their fair share of ups and downs, but at the end of the day, the former Real Housewives of Atlanta stars still support one another. «I don’t know how she’s doing overall,» 55-year-old NeNe told on Wednesday when asked about Kim's messy divorce from Kroy Biermann. «I just reached out to her because she reached out to me during a time when I was really going through something.»She continued, «I would have to think that she’s taking it hard.

reinstated at Warner Bros. Discovery after widespread outcry over his dismissal from the classic movie network, thanked fans for their continued support on Tuesday. “The support for TCM, and for me, has been wonderful,” he tweeted.“I just want to say that it’s always taken a true team to make it work,” he added.

is opening its doors for season 2!As filming gets underway for the new season of the popular Korean survival drama later this year, Netflix is gearing up for the anticipated nine-episode follow-up to the breakout 2021 season.After being crowned its most-watched series ever with 1.6 billion total hours watched during its opening month, Netflix co-CEO and chief content officer Ted Sarandos revealed in January 2022 that «the universe has begun.» A season 2 greenlight was made official by Netflix in June 2022, nine months after the series premiered, with creator/writer/director Hwang Dong-hyuk back to oversee the entire thing. follows ordinary people forced to enter a secret competition, where they could either win a massive cash prize or lose their life.

Jamie Foxx is still recuperating from his mysterious health scare.

Pat Saperstein Deputy Editor Ever since Netflix announced it would be opening a Los Angeles pop-up restaurant, the jokes have been flying on social media. Would the servers use an algorithm to ask, “Since you liked grilled cheese, can we suggest broccoli?” Would you be allowed to share food with your friends or would it be forbidden, like Netflix password-sharing? But at the preview night Tuesday for Netflix Bites at Short Stories Hotel on Fairfax, it was clear that the seriously delicious menu for the three-month pop-up, inspired by the streamer’s food programming, was no laughing matter. Imaginative cocktails from mixologists, like “Drink Masters” contestant Kate Gerwin,got guests in the mood with concoctions like the Oaxacan on Top of the World, while Netflix co-CEO Ted Sarandos mingled with the chefs. Netflix’s VP of Live Experiences Greg Lombardo welcomed guests, explaining, “We’re always focused on bringing our fans closer to the stories that they love. Netflix Bites affords us a unique opportunity to bridge food and entertainment in this incredible unique way.”

Joe Swash and Stacey Solomon may be considering parenting more kids, following the birth of their daughter Belle in January.

Prince Harry and Meghan Markle's Netflix deal has been confirmed to be continuing despite speculation it might follow the same fate as their Spotify deal which was axed last week.

Sounds like Jeremy Zimmer might be a little salty!

Strictly Come Dancing star Amy Dowden has shared her plans to 'keep busy' as she was seen reuniting with a former co-star after undergoing surgery for breast cancer. Amy shared last month how she'd found a lump which was later confirmed as stage 3 breast cancer.

Travis Knight, president and CEO of animation studio LAIKA, has been appointed to the Academy Museum of Motion Pictures Board of Trustees.

committed to invest US$2.5billion on new South Korean TV shows and films.“[Korean content] is very often unpredictable and catches the American audience by surprise,” Sarandos said at the event, per Variety. “I think what’s brilliant is to see film, unscripted and series all grow according to the interests of our Korean audience.”He added that “great stories can come from anywhere and be loved anywhere [and] nowhere has this proven more true than here in Korea”, per Yonhap News Agency.Over the past two years, Netflix has released a number of hit Korean series and films, from the global phenomenon Squid Game, to the thrilling revenge series The Glory, to the reality TV series Single’s Inferno.Sarandos added that 60 per cent of all Netflix subscribers have watched at least one Korean title, while viewership of Korean content is up sixfold over the past half decade.During the event, the Netflix co-CEO also spoke about how the company is looking to use its US$2.5billion investment plan to “grow the industry” in Korea.

Rebecca Souw There’s more to Korean TV than a greenlit second season of “Squid Game” and Ted Sarandos, Netflix co-CEO, shed new light on what’s making the “Korean wave” worthy of large-scale commitment. After meeting with leading helmer Park Chan-wook (“Oldboy” and upcoming series “War and Revolt”) and 100 film students a day earlier, Sarandos on Wednesday held a public forum at Seoul’s Four Seasons Hotel on the future of Korean content. The abundant glad-handing follows a public commitment made in April to spend $2.5 billion on original Korean content over the next four years. “[Korean content] is very often unpredictable and catches the American audience by surprise,” said Sarandos at the event. “I think what’s brilliant is to see film, unscripted and series all grow according to the interests of our Korean audience.”

Kelly Clarkson is opening up about how she handled her divorce. While speaking to Zane Lowe on Apple Music 1, the 41-year-old singer admitted that she had some «unhealthy habits» amid her split from Brandon Blackstock.Clarkson filed for divorce from Blackstock in June 2020 after nearly seven years of marriage. The former couple, who share River, 9, and Remington, 7, finalized their divorce in March 2022.«I don't know how people get through anything like that because I'm not going to say I did it gracefully.

Travis Knight, president and CEO of animation studio LAIKA, has been appointed to the Academy Museum of Motion Pictures Board of Trustees. Additionally, the museum announced the appointment of motion picture producer and former chair of the Academy Museum Inclusion Advisory Committee, Effie T.

Prince Harry and Meghan Markle "wouldn't have gone to Trooping the Colour" even if they were invited, a royal expert said. It is thought to be the first time in history that not all of the monarch's children will be in attendance, after the couple "have not been invited", according to reports.Trooping the Colour marks the official birthday of the British Sovereign and is one of the major events in the royal calendar that takes place every year.