Netflix’s Reed Hastings Envisions “Entertaining The World” In Chappelle-Free Q3 Earnings Call; Execs Talk Video Games, Content Spending & More

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Co-CEO Reed Hastings and his Netflix management colleagues didn’t let the current controversy over Dave Chappelle slow their roll during the company’s third-quarter earnings interview. …

Hastings said it would be difficult to tell when Covid would not make its presence felt in the company’s numbers. In 2020, for example, the company added nearly 26 million subscribers in the first half of the year, but only two million more the rest of the year. “You can’t come off the craziness of Covid and be confident in the next two years,” Hastings said. “We’re going to push really hard.

, which has been deemed by critics to be transphobic and capable of causing real-world harm. The company has backed the comedian but only managed to exacerbate the trouble in recent days.

“Remember, we’re a few years behind in the film business from where we are with our TV business” in terms of when original titles began, Co-CEO and content chief Ted Sarandos responded. The company started making “meaningful-budget films” only “about three years ago,” he added, and in that time frame has released five Best Picture Oscar nominees.

Sarandos said he doesn’t have “any doubt” that “we’ll see that kind of excitement in the culture around the movies as we have with our TV shows over time. It’s interesting that people love to talk about their favorite show in a different way than they do about movies. It’s just a little bit louder.

Creating games “is this alchemy of a whole variety of stuff, where you have engineering, you have the design and the story and you have sort of a data element,” Peters said. It’s a “whole different muscle” for the company to develop, he acknowledged. But original programming has existed for less than a decade, he added, and has steadily improved in a fairly short time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reed Hastings: The Next ‘Squid Game’ Is Likely “Digesting In The Netflix Content Engine”Netflix was taking a Squid Game-themed victory lap during its third quarter financial earnings call after it emerged that a “mind-boggling” 142M households watched it during its first 28 days. Netf… Squid Game is a rip off of 'As the Gods Will' and mixed it with 'Kaiji' to make it look different.
Source: DEADLINE - 🏆 109. / 63 Read more »

Emma Watson Hits the Red Carpet For the First Time in Ages in Gender Fluid Label Harris ReedEmma Watson walks the green carpet at the first Earthshot Prize Awards in an up-cycled gown from gender fluid fashion brand Harris Reed. EmmaWatson Just dropped a new fashion video pon de Tube, please check it out. LINK👇 Please subscribe and turn on Post Notifications, Thanks. youtuber smallyoutuber Video viral Trending Rihanna Thee Stallion
Source: POPSUGARFashion - 🏆 28. / 68 Read more »

Reed Hastings: The Next ‘Squid Game’ Is Likely “Digesting In The Netflix Content Engine”Netflix was taking a Squid Game-themed victory lap during its third quarter financial earnings call after it emerged that a “mind-boggling” 142M households watched it during its first 28 days. Netf… Squid Game is a rip off of 'As the Gods Will' and mixed it with 'Kaiji' to make it look different.
Source: DEADLINE - 🏆 109. / 63 Read more »

Dave Chappelle Not “Cause” But “Symptom” Of Transphobia Says Netflix Staffer Who First Criticized Streamer Over ‘The Closer’A philanthropic boasting Reed Hastings may not want to talk today about Dave Chappelle and controversy around remarks centered on the trans and LGBTQ+ communities in his special The Closer, but the…
Source: DEADLINE - 🏆 109. / 63 Read more »

Netflix Leaders Hail the Strength of the Global Content Operation That Yielded ‘Squid Game’Netflix’s content team in Korea was pretty sure they had a local hit on their hands in “Squid Game.” But no one at the streaming giant saw a global phenomenon coming when the thri…
Source: Variety - 🏆 108. / 63 Read more »

Megahit 'Squid Game' puts focus squarely on Netflix's overseas growthThe success of the South Korean dystopian drama series 'Squid Game' has led investors to bet on Netflix Inc's plans to explore more international content to boost slowing subscriber growth. ccp 's China is the real SquidGames
Source: Reuters - 🏆 2. / 97 Read more »