Netflix to spend $3bn on TV and film content in 2014

On-demand streaming site ended 2013 with net profits of $112m despite rise in cost of international rights and commissioningNetflix is committed to spending almost $3bn on TV and film content in 2014 and more than $6bn over the next three years, as the cost of securing international rights and commissioning new shows continues to mount on the streaming giant's balance sheet.The US company also announced this week that it is to raise $400m to help fund this investment in original programming and a major European expansion later this year.Its annual report, published this week, shows that at the end of 2013, Netflix had run up $7.3bn in "streaming content obligations", which are incurred when the company signs a licence agreement for programming, up 30% from the $5.6bn owed at the end of 2012.The company said it has to pay $2.97bn of that by the end of 2014, with a total of $6.2bn due within three years.Netflix made $4.3bn in total revenues last year, a healthy 19% year-on-year rise, growth which has made it a darling of US stock market investors, with its share price surging from $92 to $367 across 2013.However, total "cost of revenues", of which licensing costs are the major factor, also rose 17% from $2.6bn to $3.1bn.With another $500m ploughed into marketing, $378m into technology development and $180m in "general and administrative expenses", the US company ended the year with net profits of $112m.The US movie and TV streaming giant, which is expected to expand into... Continue reading at 'The Guardian'

[ The Guardian | 2014-02-05 00:00:00 UTC ]
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TV Alert: 'The Summer I Turned Pretty'

Sunny summer days are on the horizon and so is love in Jenny Han's 2009 book turned screen adaptation of 'The Summer I Turned Pretty.' Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-06-14 04:00:00 UTC ]
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Fans of Must See TV need this must-read memoir

James Burrows, who directed "Cheers," "Friends" and "Frasier," among many other television series, looks back on his career. Continue reading at The Washington Post

[ The Washington Post | 2022-06-11 12:00:00 UTC ]
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JJ Abrams’ sci-fi series that was to be filmed in Northern Ireland cancelled

Production of Demimonde halted due to dispute between network HBO and directorA blockbuster science fiction series that was to be filmed in Northern Ireland has been cancelled in a dispute between the US television network HBO and the Hollywood director JJ Abrams.Crews that had started... Continue reading at The Guardian

[ The Guardian | 2022-06-09 12:00:19 UTC ]
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Book to Film and Back: 'Star Child' Returns to Print with A24

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[ Publishers Weekly | 2022-06-09 04:00:00 UTC ]
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Licensing: Netflix Has Five Dr. Seuss Projects in the Works

Productions are underway, expanding the Dr. Seuss Enterprises partnership with Netflix for new animated projects for a preschool audience. The post Licensing: Netflix Has Five Dr. Seuss Projects in the Works appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-06-03 13:27:17 UTC ]
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TV ad leaders say Nielsen measurement alternatives not ready for prime time

Measurement solutions from iSpot.TV and Samba TV, among others, are buzzy at this year’s upfronts, but won't see much action. Continue reading at Advertising Age

[ Advertising Age | 2022-05-26 14:00:29 UTC ]
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Netflix's Love, Death and Robots finds the 'nerd joy' of adult animation

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[ Engadget | 2022-05-21 13:00:32 UTC ]
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Help Copper Canyon Press raise $80,000 for an anthology and film on translator Red Pine.

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[ Literrary Hub | 2022-05-17 16:02:50 UTC ]
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‘Heartstopper’ Is a TV Love Story With the Soul of a Comic

This faithful Netflix adaptation of a popular webcomic and graphic novel tells a heartwarming boy-meets-boy tale through live action and animation. Continue reading at The New York Times

[ The New York Times | 2022-05-09 20:44:12 UTC ]
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Ad groups evaluate TV measurement beyond Nielsen

ANA and 4A's join CIMM to foster transition to 'multi-currency' market for TV and video. Continue reading at Advertising Age

[ Advertising Age | 2022-05-05 20:04:57 UTC ]
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Academic Publishing: AUPresses’ 91 Design Winners and Ukraine Content

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[ Publishing Perspectives | 2022-04-29 15:50:11 UTC ]
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Malcolm Nance, TV pundit turned fighter in Ukraine: ‘I believe in the defense of democracy’

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[ The Guardian | 2022-04-29 10:00:38 UTC ]
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Roku opens up more advertising data for marketing mix modeling to better compete with traditional TV

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[ Digiday | 2022-04-25 04:01:00 UTC ]
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Oklahoma public library’s sexual content ban also cuts abuse prevention program and Pride displays.

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[ Literrary Hub | 2022-04-20 17:26:39 UTC ]
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Horizon Media will use Nielsen alternatives for up to 15% of TV upfront deals

'Without a doubt a multi-currency ecosystem will become the new norm,' says chief investment officer. Continue reading at Advertising Age

[ Advertising Age | 2022-04-19 16:22:07 UTC ]
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If Netflix is stumbling will Wall Street renew or cancel?

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[ The Guardian | 2022-04-17 07:00:23 UTC ]
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Asus ProArt PA279CV monitor review: The go-to for content creators on a budget

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[ PC World | 2022-04-14 10:30:00 UTC ]
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'Slow Horses' makes me glad I forgot to cancel Apple TV+

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Bid for Nielsen TV ratings company almost doubles to $16B

Nielsen is being acquired for $16 billion, including debt, about a week after the media measurement company rejected a smaller offer Continue reading at ABC News

[ ABC News | 2022-03-29 21:47:16 UTC ]
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Netflix royalty: Shonda Rhimes’s winning streak continues with Bridgerton and Inventing Anna

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[ The Guardian | 2022-03-19 07:00:21 UTC ]
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