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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Like all digital media businesses, Adweek is looking back at the challenges and successes of a vexing 2020, while also looking ahead to the opportunities in 2021. And we're going to start early--as in today. You may notice some changes to the Adweek.com homepage as we have scoped out new areas... Continue reading at AdWeek
[ AdWeek | 2020-12-29 12:00:28 UTC ]
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AT&T’s WarnerMedia has brought on a startup to help it get HBO Max into more places. The entertainment arm of the Dallas company has acquired Canada-based You.i TV, a provider of cross-platform development tools for television and media companies, according to a statement. Terms were not... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-12-23 22:03:09 UTC ]
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The Interactive Advertising Bureau (IAB) has set its upcoming 2021 NewFronts to take place virtually during the week of May 3, 2021. The trade organization extended invitations to linear television broadcasters in addition to the digital media publishers, streamers and platforms that have long... Continue reading at AdWeek
[ AdWeek | 2020-12-10 10:00:00 UTC ]
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In the U.S. and around the world, the third quarter of 2020 wasn't a pretty one for traditional advertising revenue. But digital media is looking up. According to Magna's latest quarterly advertising forecast, U.S. linear advertising revenues for 2020 (which include linear TV, linear radio,... Continue reading at AdWeek
[ AdWeek | 2020-12-07 02:00:00 UTC ]
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New figures show total spending on Great Britain's libraries fell by £20m in the last financial year, as Libraries Connected warned more budget reductions are on the way. Continue reading at The Bookseller
[ The Bookseller | 2020-12-04 10:12:19 UTC ]
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Former U.S. Poet Laureate Natasha Trethewey’s Memorial Drive—a harrowing memoir of a daughter reckoning with the brutal murder of her mother at the hands of her stepfather—has been optioned by Sony Pictures Television for development as a drama series. Recently heralded by the Washington Post... Continue reading at Literrary Hub
[ Literrary Hub | 2020-12-02 20:31:46 UTC ]
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Roald Dahl holds a special place in my childhood. I still have vivid memories of reading Charlie and the Chocolate Factory and Matilda in school (we even read his rather unsavory memoir Boy; his accounts of boarding school bullying haunt me to this day!) and of watching the delightful early ’90s... Continue reading at Electric Literature
[ Electric Literature | 2020-11-20 12:00:50 UTC ]
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Customer behaviour is shifting towards ethical consumerism while online becomes much more than a “hits business”, Bookshop.org's UK m.d. Nicole Vanderbilt has said. Continue reading at The Bookseller
[ The Bookseller | 2020-11-17 19:59:59 UTC ]
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As much as 10% of the content that some news publishers produce is now available only to paying readers. The post ‘Reestablishing our journalistic value’: Publishers make more of their exclusive subscriber content appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2020-11-17 05:01:17 UTC ]
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Mike Gayle’s Half A World Away (Hodder & Stoughton, 2019) has been optioned for television by Genesius Pictures and Tantrum Films with actress Michelle Collins attached. Continue reading at The Bookseller
[ The Bookseller | 2020-11-17 04:01:47 UTC ]
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While books about the outgoing US president have been bestsellers for the last four years, Trump might be a step too far for some publishersFact-checkers are quaking in their boots amid reports that Donald Trump could be being “courted for a new tome on his time in the White House”. The... Continue reading at The Guardian
[ The Guardian | 2020-11-11 14:24:45 UTC ]
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For several years, networks and marketers alike have been trying to scale addressable advertising on linear TV, making only minimal progress. Now, Nielsen is about to supercharge those efforts in one of the company's biggest moves in a decade. Nielsen is adding addressable ad measurement to its... Continue reading at AdWeek
[ AdWeek | 2020-11-10 14:00:00 UTC ]
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Do you feel old yet? If the answer is yes, then join the club! Today, director and author Matthew A. Cherry announced via Twitter that Blue Ivy Carter (that’s right: Beyoncé and Jay Z’s eight-year-old daughter) is the narrator of the audiobook adaptation of his 2019 animated short film Hair... Continue reading at Literrary Hub
[ Literrary Hub | 2020-11-09 18:06:17 UTC ]
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Media companies don’t have to choose between operating a standalone CTV app or a 24/7 channel within a third-party platform, but for some publishers, it’s not even a choice. The post Digital publishers hunt for home on connected TV appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2020-11-04 05:01:32 UTC ]
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Jeremy Irons and George MacKay are starring in a feature adaptation for Netflix of the Robert Harris spy thriller Munich (Hutchinson), with shooting already under way. Continue reading at The Bookseller
[ The Bookseller | 2020-11-03 16:59:08 UTC ]
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Since its publication in 1990, Tim O’Brien’s The Things They Carried, a linked collection of semi-autobiographical short stories about the Vietnam War, has become a modern classic—in fact, its title story is the most frequently anthologized piece of short fiction in the last three decades, and... Continue reading at Literrary Hub
[ Literrary Hub | 2020-11-03 15:27:57 UTC ]
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Nobrow will next month release three further Hilda books to tie in with the release of the second TV series starring the character on Netflix. Continue reading at The Bookseller
[ The Bookseller | 2020-10-29 22:16:04 UTC ]
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French animation studio TeamTO has acquired TV, film and licensing rights to the 'Ninn' graphic novel from Belgian publisher Kennes Éditions. The post Books to Film Rights: France’s TeamTO Studios To Animate ‘Ninn’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-23 17:03:54 UTC ]
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Synchronicity Films is developing a limited series based on Andrew O'Hagan’s Mayflies, with screenwriter Andrea Gibb on board to adapt the novel. Continue reading at The Bookseller
[ The Bookseller | 2020-10-22 09:40:11 UTC ]
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Frankfurt Book Fair director Jürgen Boos has said he envisions a hybrid digital/physical model at the 2021 edition of the world's biggest trade fair. Continue reading at The Bookseller
[ The Bookseller | 2020-10-18 15:36:03 UTC ]
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