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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Seeing unexpected pairings of readers and books quickly dispels the idea of who reads what• Time to reset: more brilliant ideas to remake the worldI have a party trick. If you name three books you like and two you hate, I can write you a reading list of 10 books you will love.I’ve gained this... Continue reading at The Guardian
[ The Guardian | 2020-08-15 10:00:40 UTC ]
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Warner Bros TV has acquired TV rights to Diane Cook's Booker-longlisted novel The New Wilderness, published this week by Oneworld. Continue reading at The Bookseller
[ The Bookseller | 2020-08-13 05:38:11 UTC ]
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Yesterday, shortly after Joe Biden, the Democratic candidate for president, picked Kamala Harris, the senator for California, as his running mate, Peter Doocy, a Fox News correspondent, tweeted, “But… you told me on Saturday…” That day, Doocy asked Biden—who was zipping past on a bicycle,... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2020-08-12 12:12:59 UTC ]
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Amanda Reynolds' debut novel Close to Me (Wildfire) is to become a six-episode series for Channel 4 and Viaplay, starring Christopher Eccleston and Connie Nielsen. Continue reading at The Bookseller
[ The Bookseller | 2020-08-10 23:40:20 UTC ]
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Eligible books in this year's Frankfurter Buchmesse Film Awards have been published since August 1 of 2019 and entries are made digitally. The post Frankfurter Buchmesse Calls for 2020 Film Awards Entries appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-08-10 04:30:40 UTC ]
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Netflix has won an auction for screen rights to Lost Dog: A Love Story by journalist Kate Spicer (Ebury). Continue reading at The Bookseller
[ The Bookseller | 2020-08-04 00:41:37 UTC ]
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Film company 3000 Pictures has closed a pre-emptive deal for Kazuo Ishiguro's upcoming novel, Klara and the Sun, due to be published by Faber in spring next year. Continue reading at The Bookseller
[ The Bookseller | 2020-07-29 07:48:38 UTC ]
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Clerkenwell Films has optioned the TV rights for Rewind (Corvus, 2020) by Irish writer Catherine Ryan Howard. Continue reading at The Bookseller
[ The Bookseller | 2020-07-13 22:43:28 UTC ]
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Sony Pictures has bought the film rights to Kevin Kwan's new novel Sex and Vanity (Hutchinson). Continue reading at The Bookseller
[ The Bookseller | 2020-07-12 16:38:32 UTC ]
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Sky has announced it is commissioning a new children’s series based on The Brilliant World of Tom Gates (Scholastic) by Liz Pichon. Continue reading at The Bookseller
[ The Bookseller | 2020-07-09 03:18:16 UTC ]
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Baby Cow Productions has optioned Olivia Potts’ memoir A Half Baked Idea (Fig Tree, 2019), for TV. Continue reading at The Bookseller
[ The Bookseller | 2020-07-06 15:05:58 UTC ]
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A look at how people have engaged with “Huck Finn” and “Uncle Tom’s Cabin” over time offers a snapshot of who we were and are. Continue reading at The Washington Post
[ The Washington Post | 2020-07-03 10:00:00 UTC ]
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Werner Herzog did it with Grizzly Man, Adam McKay did it with Vice – from archival libraries to old film canisters from charity shops, the past is waiting to be brought to lifeA child sits on a rock ledge buckling his shoe. The camera zooms towards a mysterious dark shape behind him as the boy... Continue reading at The Guardian
[ The Guardian | 2020-07-03 09:00:16 UTC ]
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Buzzy original series may drive attention to streaming services, but the bulk of most major streamers' programming catalogs are their libraries of licensed TV shows. And those licensed titles often account for the highest-quality content available on the service, according to data from streaming... Continue reading at AdWeek
[ AdWeek | 2020-07-02 10:30:51 UTC ]
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Taika Waititi’s production company Piki Films has optioned New Zealand writer Tina Makereti’s novel The Imaginary Lives of James Poneke (Lightning Books, 2019) for adaptation as a feature film. Continue reading at The Bookseller
[ The Bookseller | 2020-06-28 17:50:39 UTC ]
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Comedian Njambi McGrath’s memoir Through the Leopard’s Gaze (Jacaranda) has been optioned by production company Expectation. Continue reading at The Bookseller
[ The Bookseller | 2020-06-28 14:48:59 UTC ]
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‘There are rare moments in history when leaders find their private lives uniquely connected to national events’ say producersCoronavirus – latest updatesSee all our coronavirus coverageMichael Winterbottom is set to bring Boris Johnson’s handling of the Covid-19 pandemic to television. The... Continue reading at The Guardian
[ The Guardian | 2020-06-26 13:30:13 UTC ]
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A new report from the National Association of College Stores found a small decline in student total spending on required course materials in the 2019-2020 academic year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-26 04:00:00 UTC ]
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Empty Room Productions has optioned The Blackheath Séance Parlour (Cutting Edge Press, 2019) by Alan Williams. Continue reading at The Bookseller
[ The Bookseller | 2020-06-12 01:31:08 UTC ]
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Audible has appointed Brad Schwartz as chief content officer as it aims to expand audio production. Continue reading at The Bookseller
[ The Bookseller | 2020-06-11 22:48:31 UTC ]
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