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 ]
News tagged with:
#$3bn
Castlefield has scooped the rights to adapt Cara Hunter's DI Fawley crime novels into a TV drama. Continue reading at The Bookseller
[ The Bookseller | 2020-06-08 08:58:00 UTC ]
More news stories like this | News stories tagged with:
#tv drama
Snoop Dogg is producing the TV adaptation for Joe Ide's IQ detective series, after TV rights were initially snapped up in a seven-way bidding war by Alcon. Continue reading at The Bookseller
[ The Bookseller | 2020-06-03 14:06:32 UTC ]
More news stories like this | News stories tagged with:
#snoop dogg
#tv adaptation
#joe ide
#tv rights
#bidding war
Warner Bros. film JUST MERCY, based on the nonfiction book by Bryan Stevenson, is available for free streaming in the month of June. Continue reading at Book Riot
[ Book Riot | 2020-06-03 13:32:47 UTC ]
More news stories like this | News stories tagged with:
#warner bros
#bryan stevenson
#nonfiction book
Black Bear Pictures has optioned Naoise Dolan's debut novel Exciting Times for television. Continue reading at The Bookseller
[ The Bookseller | 2020-05-28 21:51:46 UTC ]
More news stories like this | News stories tagged with:
#exciting times
#debut novel
It’s the kind of timing a publisher dreams of. Less than one week out from its U.S. release, latest Irish literary phenom Naoise Dolan’s debut novel Exciting Times (Ecco, June 2) has been optioned for TV. Yes, following a hugely successful release in the UK and Ireland back in April, when it... Continue reading at Literrary Hub
[ Literrary Hub | 2020-05-28 18:10:32 UTC ]
More news stories like this | News stories tagged with:
#exciting times
#debut novel
Each year around this time, digital publishers and tech platforms announce their content plans for the year ahead. These annual upfront and NewFronts pitches are a bid to partner with agencies and advertisers to reassemble audiences across the ever-changing video landscape. That process will... Continue reading at Digiday
[ Digiday | 2020-05-28 01:23:59 UTC ]
More news stories like this | News stories tagged with:
#year ahead
#premium content
#digital publishers
Independent production company The Lighthouse has optioned Juno Dawson's YA trilogy. Continue reading at The Bookseller
[ The Bookseller | 2020-05-27 00:45:39 UTC ]
More news stories like this | News stories tagged with:
#juno dawson
#ya trilogy
Sarah Vaughan’s thriller Anatomy of a Scandal (Simon & Schuster) is being turned into a six-part Netflix series. Continue reading at The Bookseller
[ The Bookseller | 2020-05-26 07:01:56 UTC ]
More news stories like this | News stories tagged with:
#sarah vaughan
[caption id="attachment_180858" align="alignright" width="150"] Rob Silverstein[/caption] Meredith Corp. is planning to launch a syndicated daily TV show based on the People brand, the company said Tuesday, bringing on longtime "Access Hollywood" showrunner Rob Silverstein as executive... Continue reading at Folio Magazine
[ Folio Magazine | 2020-05-20 20:57:57 UTC ]
More news stories like this | News stories tagged with:
#lsc communications
#clarion events
New production company Complete Fiction will develop Jonathan Stroud's Lockwood & Co series with Netflix. Continue reading at The Bookseller
[ The Bookseller | 2020-05-20 15:05:10 UTC ]
More news stories like this | News stories tagged with:
#complete fiction
TV and film rights in Manda Scott's historical thriller A Treachery of Spies have sold to London-based production outfits Beaglepug Films and Enriched Media Group. Continue reading at The Bookseller
[ The Bookseller | 2020-05-19 05:02:51 UTC ]
More news stories like this | News stories tagged with:
#tv drama
#manda scott
#film rights
Leaders of content-to-commerce initiatives at three global news media companies shared in-depth looks at how those projects started and how they are Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-05-18 19:00:36 UTC ]
More news stories like this | News stories tagged with:
#news corp
Costa award-winning love story of Connell and Marianne takes top slot from David Walliams’ bestselling children’s book SlimeSally Rooney’s Normal People has flown to the top of the UK’s book charts more than two years after it was published, thanks to the release of the TV adaptation starring... Continue reading at The Guardian
[ The Guardian | 2020-05-13 15:44:19 UTC ]
More news stories like this | News stories tagged with:
#sally rooney
#readers fall
#tv version
#david walliams
#bestselling children
#normal people
#book charts
#daisy edgar-jones
#nielsen bookscan
#irish author
#nielsen
#children’s book
#uk book
For about two months in 1970, ITV aired episodes of a bonkers science fiction comedy series based (oh so very loosely) on Miguel de Cervantes’ literary classic Don Quixote. The show, entitled The Adventures of Don Quick, follows an astronaut named Don Quick (Ian Hendry) and his sidekick, Sam... Continue reading at Literrary Hub
[ Literrary Hub | 2020-05-12 17:39:44 UTC ]
More news stories like this | News stories tagged with:
#don quixote
#science fiction
A "groundbreaking" study--a term used by a report's authors--found that publishers receive only a little more than half (51%) of advertisers' spend. The report, published today by ISBA, the UK trade body for brand-side marketers, raises concerns about transparency in the digital media ecosystem,... Continue reading at AdWeek
[ AdWeek | 2020-05-06 20:21:44 UTC ]
More news stories like this | News stories tagged with:
#published today
#digital media
One of them is that if you’re holding out hope for her to save 2020, it’s not going to happen. “Your life isn’t yours anymore,” says Michelle Obama at the outset of Becoming, the new documentary based on her 2018 memoir of the same name. She makes the poignantly self-aware comment as she... Continue reading at Fast Company
[ Fast Company | 2020-05-06 06:30:05 UTC ]
More news stories like this | News stories tagged with:
#life isn
#michelle obama
#netflix documentary
#documentary based
#memoir
Readers have spent much of the last decade eschewing digital subscriptions to their local newspaper, staying on the free side Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-05-05 07:00:33 UTC ]
More news stories like this | News stories tagged with:
#local newspaper
#digital content
Tweets about television are up in nearly every category from March 1 through April 15 compared with the same time last year, largely driven by the coronavirus pandemic, Nielsen found in a study, but one category stands out as a glaring exception: sports. Nielsen Social Content Ratings found that... Continue reading at AdWeek
[ AdWeek | 2020-04-28 12:05:23 UTC ]
More news stories like this | News stories tagged with:
#nielsen found
#largely driven
#coronavirus pandemic
#nielsen
Following the publication of Michelle Obama's autobiography Becoming (Viking) in 2018, Netflix is releasing a documentary film of the same name, directed by Nadia Hallgren. Continue reading at The Bookseller
[ The Bookseller | 2020-04-28 03:41:08 UTC ]
More news stories like this | News stories tagged with:
#michelle obama
#book tour
#documentary film
Sir Terry Pratchett's Discworld novels are being brought to TV in a deal which remains “absolutely faithful” to his original vision. Continue reading at The Bookseller
[ The Bookseller | 2020-04-27 19:14:48 UTC ]
More news stories like this | News stories tagged with:
#original vision