Ted Sarandos

Netflix raises further $1.6bn for content spend

Netflix has announced plans to raise US$1.6 billion from investors, a week after the SVOD giant said it plans to spend US$7 billion to US$8 billion on content in 2018. Netflix will raise the cash through a bond offering, with the senior notes due to mature on April 15, 2028, unless earlier repurchased or redeemed. […]

Netflix taps DreamWorks creative head for kids role

Netflix has hired DreamWorks’ Melissa Cobb to lead its kids and family content team. As vice president, Cobb will oversee the creation and acquisition of series and films for children and families. She will report to chief content officer Ted Sarandos. Cobb will lead an expanded focus on high quality series and event programming across […]

Netflix CFO defends $6bn content spend

Netflix financial chief David Wells has claimed Netflix’s multi-billion dollar content spend is the key factor in the international SVOD service’s subscription growth. CFO Wells reiterated Ted Sarandos’ recent admission Netflix would spend US$7 billion on shows – mostly original content such as Narcos (pictured) – in 2018, and has said spending US$20 million an hour on […]

Shonda Rhimes ditches ABC for Netflix

Grey’s Anatomy creator Shonda Rhimes is bringing her Shondaland production company to Netflix under a multi-year deal to produce new series and other projects. Rhimes’(pictured) range of dramas including Scandal, How to Get Away with Murder and Grey’s Anatomy already stream on Netflix in various regions. The shows also air in the US on ABC […]

David Letterman makes his return on Netflix

David Letterman, who retired his long running show The Late Show in 2015, is returning to television for a new Netflix series. The yet-to-be-named, six-episode series will premiere in 2018. It will see Letterman combine in-depth conversations with top names and “in-the-field segments expressing his curiosity and humour”. In each hour-long episode, Letterman will conduct […]

Millarworld deal marks Netflix’s first acquisition

SVOD giant Netflix has entered the mergers and acquisitions market for the first time by acquiring comic book publishing house Millarworld. Netflix called its move into M&A a “natural progression in the company’s effort to work directly with prolific and skilled creators and to acquire intellectual properly ownership of stories featuring compelling characters and timeless, […]

Netflix expands Lat Am & India investment

Netflix is looking to expand Latin American investments, confirming it will host 50 new and returning original productions emerging from the region in 2018 and two new Indian originals. During a Vive Netflix event in Mexico City, chief content officer Ted Sarandos said: “Local creatives are breaking the paradigms of what storytelling has traditionally looked […]

Netflix talks YouTube envy, faith programming, sleep

Netflix bosses have told investors they have ‘YouTube envy’ and are looking to global shows to drive viewing numbers. They went on to say they will do more faith-based programming and brushed aside the rivalry with Amazon, instead insisting their real competitor was sleep. Reed Hastings, CEO of the US-listed streaming service, did an analyst […]

Netflix continues originals push

Streaming service Netflix has acquired global rights to Noah Baumbach’s latest film, and ordered a series based on a horror novel. The first deal sees Netflix picking up rights to The Meyerowitz Stories (New and Selected) from IAC Films. The movie stars Adam Sandler, with whom Netflix already has an output deal, Ben Stiller, Dustin […]

Netflix product chief exits after 18 years

Netflix chief product officer Neil Hunt is leaving the subscription VOD service after nearly two decades, with the company’s talent boss also exiting. Netflix Japan chief Greg Peters is replacing Hunt at the unit, which designs, builds and delivers the platform’s experience. Meanwhile, chief talent officer Tawni Cranz is leaving the business to “pursue other […]

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