Reed Hastings Latest Celebrity News & Gossip

Ted Sarandos addressed Netflix’s limited theatrical release of Glass Onion: A Knives Out Mystery during the streamer’s Q4 earnings call on Thursday, echoing executive chairman Reed Hastings‘ previous remarks that releasing the film in theaters was meant more as a promotional tactic for the streamer.

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.

EXCLUSIVE: Some were expecting Netflix to curb their acquisitions here in Park City, but, as we told you earlier this morning, never count them out of the Sundance marketplace. Before its premiere in the midnight section tonight, the Reed Hastings-Ted Sarandos-run streamer has scooped up a majority of global rights on the Australian horror movie, Run Rabbit Run, starring 2x Emmy nominated Succession actress Sarah Snook. XYZ Films, which co-funded the film, brokered the deal with Netflix on behalf of the filmmakers. 

Netflix co-founder Reed Hastings has given $20 million to Minerva University, a school focused on educating what it describes as “new generations of wise leaders and purpose-driven entrepreneurs” from dozens of countries.

Disney + Basic, a cheaper version of the 3-year-old streaming service, has officially gone live.

Here’s another bucket of cold water for the budding romance between Netflix and exhibitors.

Elon Musk’s back may be against the wall as Twitter’s new owner, but he has plenty of friends in high places, especially in the tech sector.

Ben Affleck says his newly minted studio Artists Equity, in partnership with Matt Damon, is going for films that are commercial but smart, that acknowledge popular tastes, but that “people remember 20 years later.”

Liberty Media chairman John Malone slammed AT&T, praised Reed Hastings and affirmed his faith in the Warner Bros. Discovery team led by David Zaslav amid the drama and red ink of today’s streaming wars.

Rodolphe Belmer, the former Canal+ CEO on the verge of heading up French network TF1, has stepped down from the Netflix Board.

Todd Spangler NY Digital Editor Just over three years ago, Netflix unequivocally shot down the idea that it would ever roll out an ad-supported streaming service. “When you read speculation that we are moving into selling advertising, be confident that this is false,” the streamer said in its second-quarter 2019 investor letter. “We believe we will have a more valuable business in the long term by staying out of competing for ad revenue and instead entirely focusing on competing for viewer satisfaction.” Clearly, Netflix’s thinking about advertising has changed. Both Netflix and Disney+ are launching ad-based tiers this fall, seeking to broaden their addressable markets and tap into a new revenue stream as subscriber growth has slowed — in Netflix’s case, it lost 1.2 million in the first half of 2022, compared with a net gain of 5.5 million in the prior-year period.

Netflix may not be in the live sports business but it certainly wants viewers to know that it’s got some content around the edges.

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.

More than three years after Reed Hastings said Netflix wants to be on BARB, the UK ratings agency has its wish.

We may see a huge change in the way Netflix releases its shows, as it could axe one of it's most iconic features.

Netflix has batted down a report about aggressive moves in its rollout of a cheaper ad-supported tier as “speculation.”

After a decade-plus of having the streaming field virtually to itself, Netflix now faces historic levels of competition. Disney and other media and tech rivals have narrowed the gap, making for a rocky 2022 marked by subscriber and stock price declines.

Netflix have announced they will charge for password sharing in an additional five countries, as the streaming giant continues to crackdown on the practice.Today (July 22), news broke that Netflix have asked customers in five more countries – Argentina, El Salvador, Guatemala, Honduras and the Dominican Republic – to pay additional fees if they are sharing their password with viewers outside of their household. The additional fees vary between countries but users can expect to pay no more than an additional US$2.99.According to IGN, the extra cost won’t affect the use of the streaming service from mobile devices.

Netflix executives see content spending of about $17 billion in 2021 lingering there for the next several year through 2023.

Coming off a better quarter than anticipated, Netflix founder Reed Hastings today was showing some swagger and a lot of thanks to the first part of the latest season of Stranger Things.

Jennifer Maas TV Business WriterNetflix co-CEO Reed Hastings declared during the streamer’s Q2 earnings interview Tuesday that linear television will go the way of the dinosaur within the next decade.“It’s definitely the end of linear TV over the next 5 to 10 years,” Hastings said while discussing Netflix’s financial and subscriber results on the pre-recorded Q&A, which came on the heels of the reveal the streamer lost 970,000 subscribers in Q2. That loss was actually a win for Netflix, which had originally expected to lose 2 million subscribers by the end of June 30.Though very bold, Hastings thoughts on the state of linear television are hardly a shock given his position at the top of the world’s biggest streamer — and they carry forward data touted by Netflix earlier Tuesday.

The recent pink-slipping of hundreds of employees cost Netflix a bundle, with more likely to come.

Netflix said it’s targeting an early 2023 launch for a cheaper advertising tier as it seeks to stem subscriber losses and hopefully turn them back up. It will roll the plan out in a handful of markets first but didn’t say which ones.

Netflix will reveal its financial results from the second quarter on Tuesday afternoon, and the outcome is expected to set the tone for one of the most anxious and uncertain earnings seasons in years.