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Ted Sorrandoes was asked point-blank in Tuesday’s quarterly earnings call about resisting Netflix’s current reluctance to give their films conventional theatrical releases, a stance that has now put the company at odds with most of their streaming competition. The short answer: Don’t stop a horse in mid-stream.“The film division is doing great,” stated Sarandos. “They really are building out some great films.

Netflix is owning up to the long delay they had with the Love Is Blind live reunion.

Jennifer Maas TV Business Writer Netflix co-CEOs Ted Sarandos and Greg Peters revealed what exactly went wrong with the live “Love Is Blind” Season 4 reunion special on Sunday — and how they plan to fix the problem with other live broadcasts moving forward. “We’re really sorry to disappoint so many people,” Peters said during a prerecorded Q1 earnings interview Tuesday. “We didn’t meet the standard that we expect ourselves: to serve our members and just be clear from a technical perspective. We’ve got the infrastructure. We had just a bug that we introduced, actually, when we implemented some changes to try to improve live-streaming performance after the last live broadcast, Chris Rock[‘s ‘Selective Outrage’] in March. We just didn’t see this bug in internal testing because it only became apparent once we put multiple systems interacting with each other under the load of millions of people trying to watch ‘Love Is Blind.'”

Netflix CEOs Ted Sarandos and Greg Peters celebrated the success of the streamer’s latest hit series “Beef,” but skipped over controversy surrounding cast member David Choe’s involvement.The executives touted the show’s recent critical and fan acclaim during the company’s first quarter earnings interview Tuesday, but didn’t acknowledge the building outrage among viewers that started after a 2014 video of Choe resurfaced on social media where he said he forced himself on a masseuse.“That’s new this quarter and it has kicked off and it’s off to a tremendous start,” Netflix co-CEO Ted Sarandos said of the show.

Just two days after the “Love Is Blind” Season 4 live reunion fiasco, which delayed the livestream for over an hour with many viewers unable to watch the special until the next day, Netflix Co-CEO Greg Peters said the delayed was caused by a “bug.” “From a technical perspective, we’ve got the infrastructure,” Peters said during Tuesday’s earning call. “We had just a bug that we introduced, actually, when we implemented some changes to try and improve live streaming performance after the last live broadcast Chris Rock in March and we just didn’t see this bug in internal testing because it only became apparent once we put sort of multiple systems interacting with each other under the load of millions of people trying to watch ‘Love is Blind.'”While fans of the reality dating series tuned in to the special expecting for the reunion to rehash the season’s drama and give a status update for how each couple’s relationship has evolved since their respective wedding days, viewers were met with a error message on the live stream.Despite the livestreaming troubles, the reunion reached an audience of 6.5 million viewers, Peters said.“We’re really sorry to have disappointed so many people,” Peters continued.

The Love Is Blind reunion didn’t end up being live on April 16 due to “technical difficulties,” but apologetic Netflix brass are very pleased with the viewership the streamer had once the special finally aired.

Todd Spangler NY Digital Editor Netflix said it would stage a “broad rollout” of its paid-sharing plan in the second quarter of 2023, including in the U.S. The streamer announced the news as part of its first quarter 2023 earnings report. As part of Netflix’s crackdown on customers sharing passwords with people outside their household, the company plans to start blocking devices (after a certain period of time) that attempt to access a Netflix account without properly paying. “In Q1, we launched paid sharing in four countries and are pleased with the results,” Netflix said in its Q1 letter to shareholders. “We are planning on a broad rollout, including in the U.S., in Q2.”

Netflix delivered a mixed set of results for the first quarter, edging Wall Street analysts’ estimates for earnings per share but falling short in other key categories.

Netflix plans to phase in “paid sharing” — the company’s preferred term for cracking down on the loaning of login credentials — in the U.S. in the coming weeks.

Reed Hastings just made a bold claim: That Netflix is the “biggest builder of cross-European culture.”

Todd Spangler NY Digital Editor Netflix, facing more competition globally in the streaming wars, has cut pricing in more than 100 markets worldwide — in some cases, chopping the price of monthly plans in half — to boost subscriber acquisition and retention. The streamer has reduced prices in countries and territories across Asia, Latin America, Europe, the Middle East and Africa. Netflix is not reducing prices in North America or Western Europe, its most mature markets. All told, the price reductions span more than 100 markets, according to research firm Ampere Analysis (see list, below). Those include Malaysia, Indonesia, Thailand, the Philippines, Venezuela, Nicaragua, Ecuador, Kenya, Iran, Croatia, Bosnia and Herzegovina, Serbia, Albania, North Macedonia, Slovakia, Yemen, Jordan, Libya, Slovenia and Bulgaria.

Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff atop its executive ranks.

Netflix’s landmark entry into ad-supported streaming, which began last November, is off to a “solid” start and will soon bring in at least $3 billion in annual revenue, executives said.

Newly minted Netflix Co-CEO Greg Peters and Ted Sarandos, who has held that title since 2020, say no major strategic shifts are in the immediate offing after Reed Hastings passed them the leadership baton.

Netflix beat forecasts for subscriber gains for the fourth quarter and also edged revenue estimates, but pressure on earnings per share reflected broader challenges in the streaming business.

Netflix has a new Co-CEO.

Netflix has issued estimates for the 2023 compensation for its top executives, with Co-CEOs Reed Hastings and Ted Sarandos set to take home $34.65 million and $40 million, respectively.

Today brings a major milestone in the streaming business, as Netflix introduces its new advertising-backed subscription tier in eight countries.

In a third-quarter earnings interview dominated by talk of advertising, top Netflix execs described it as a “sprint” to capture “a whole new audience” and a bid to woo advertisers affected by “the collapse of linear television.”

Netflix stock dipped 1% to close the week at $230 a share as debate continued on Wall Street about the financial impact of the company’s embrace of advertising.

Netflix is to bring in time and date advertisements this November, the company has confirmed.

Netflix’s ad-supported tier will be missing certain series and movie titles at launch, the company conceded today in announcing details about the rollout.

Netflix is undercutting Disney+ on price by a dollar a month as it prepares for a landmark expansion into advertising-supported streaming.

Todd Spangler NY Digital Editor After years of Netflix execs spurning the idea of serving up commercials to viewers, the streaming giant is flipping the switch on its first cheaper, ad-supported plan next month. Netflix Basic With Ads will launch in the U.S. on Nov. 3 at 9 a.m. PT, priced at $6.99 per month, the company announced. The cheaper plan will be available in 12 countries: Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain, the U.K. and the U.S. It will first roll out in Canada and Mexico on Nov. 1. Basic With Ads will be $2 cheaper than Netflix’s Basic plan ($9.99/month in the U.S. currently), which provides the ability to stream on one device at a time. Previously, the Basic plan has not supported HD, but with the launch of the ad tier, Netflix will provide video quality of up to 720p HD for both Basic With Ads and the plan with no ads.

Brian Steinberg Senior TV Editor Netflix, eager to spark better relationships with Madison Avenue after years of avoiding them, has lured two senior executives away from Snap to do so. The streaming giant has hired Jeremi Gorman, Snap’s chief business officer, and Peter Naylor, its vice president of sales, to start making outreach to top advertisers in a bid to launch an ad-supported tier for subscribers who may be looking for new value propositions amid a roiling stock market and as competition for broadband-savvy consumers has grown more intense. “Jeremi’s deep experience in running ad businesses and Peter’s background in leading ad sales teams together will be key as we expand membership options for consumers through a new ad-supported offering,” said Greg Peters, Netflix’s chief operating officer, in a statement.

Todd Spangler NY Digital Editor Netflix is looking at a price point as low as $7 per month for its forthcoming ad-supported streaming plan, set to bow in early 2023, according to a new report — less than half its standard two-stream HD package without advertising, which costs $15.49/month in the U.S. The streamer is considering pricing the ad plan at $7-$9 per month, with an advertising load of four minutes per hour, Bloomberg reported, citing anonymous sources. An ad-supported version of Disney+ is set to debut in December at $7.99/month, also with four minutes of ads per hour. Asked to comment, Netflix said the Bloomberg report is “speculation at this point” and that the company hasn’t finalized decisions about pricing or other details for the advertising plan. “We are still in the early days of deciding how to launch a lower priced, ad-supported tier and no decisions have been made,” a spokesperson said.

Netflix film The Gray Man have just been released – take a look below.The forthcoming thriller comes from Joe and Anthony Russo, who directed several Avengers films. It will also star Chris Evans, Ana de Armas, Billy Bob Thornton and Bridgerton‘s Regé-Jean Page.The film is based on the novel of the same name by Mark Greaney, with a screenplay written by Joe Russo alongside Christopher Markus and Stephen McFeely.Take a look at some first-look images here:A plot synopsis shared by Netflix for the film reads: “The Gray Man is CIA operative Court Gentry (Ryan Gosling), aka, Sierra Six.

A crew of sober Netflix execs said a password-sharing crackdown on the army of 100 million viewers who use the service for free is front and center and being tested but could take about a year to roll out, and it’s not clear what it will look like.

Netflix co-CEO Reed Hastings finally acknowledged what most people outside of the company have been saying for years: In order to keep growing, the company will need to incorporate ads.