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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Sponsored content doesn’t have to be an oxymoron. As publishers and marketers double down on their commitment to providing deeper branded experiences, instead of traditional advertising, the rules of the road are becoming clearer on both sides. And more so than just four or five years ago;... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-05 17:34:24 UTC ]
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Film rights to Richard Osman’s debut novel, The Thursday Murder Club (Viking), have been snapped up by Amblin Partners in a 14-way auction. Continue reading at The Bookseller
[ The Bookseller | 2020-03-05 16:08:49 UTC ]
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From Gutenberg’s printing press to Google’s AMP format, the publishing world has gone from zero to one million miles per hour, with revolutionary changes to the way we produce, distribute, and consume content. Here is a breakdown of some of the key changes in digital publishing, plus tips for... Continue reading at Publishing Executive
[ Publishing Executive | 2020-03-05 15:43:14 UTC ]
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The emerging left media—currently spread across the digital media landscape—are uniting to deliver an alternative to corporate, centrist news and entertainment. Sitting in a small Bronx apartment back in early 2018, it would be difficult to picture the world today. As Naomi Burton and Nick Hayes... Continue reading at Fast Company
[ Fast Company | 2020-02-26 07:00:23 UTC ]
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Lightning Source has sent a notice to all publishers who use Ingram’s print-on-demand service informing them that, as of April 27, it will remove print content from its catalog that falls within certain prohibited areas. The goal, Ingram said, is to uphold the quality of its content and to guard... Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-26 05:00:00 UTC ]
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AT&T Inc. managed something it hasn’t since 2014: An increase in spending on research and development. The Dallas telecommunications and now media company increased in investment in R&D last year by about $80 million to $1.28 billion, an increase of about 7 percent, it said in its... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-02-25 16:16:46 UTC ]
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Conversations with Friends will follow Rooney’s Normal People that will air in April The BBC has commissioned a 12-part series based on Sally Rooney’s hit debut novel Conversations with Friends in the hope that fans of the young Irish author will bring in younger audiences.The BBC is to show its... Continue reading at The Guardian
[ The Guardian | 2020-02-25 10:19:05 UTC ]
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AT&T Inc. managed something it hasn’t since 2014: An increase in spending on research and development. The Dallas telecommunications and now media company increased in investment in R&D last year by about $80 million to $1.28 billion, an increase of about 7 percent, it said in its... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-02-24 22:58:29 UTC ]
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BBC One will adapt Kit de Waal's novel My Name is Leon (Simon & Schuster) into a film. Continue reading at The Bookseller
[ The Bookseller | 2020-02-24 20:59:15 UTC ]
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To protect your work and expand its reach, understanding film, TV and audiobook rights is a must. Publishing attorney and Grammy-award-winning audiobook producer Jessica Kaye tells how. The post Film and Audiobook Rights 101 by Jessica Kaye appeared first on Writer's Digest. Continue reading at Writer's Digest
[ Writer's Digest | 2020-02-21 11:00:57 UTC ]
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The novel is part of a wave of books about the tumultuous 17th and early 18th centuries. Continue reading at The Washington Post
[ The Washington Post | 2020-02-20 17:15:47 UTC ]
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If you're a One Piece fan, this may be the best or the worst piece of news ever, depending on how you feel about Netflix's anime adaptations: The streaming giant has approved a 10-episode live-action series based on the classic manga and anime. Even... Continue reading at Engadget
[ Engadget | 2020-01-30 02:20:00 UTC ]
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Wary of shifting marketing budgets and rising production costs, publishers across the magazine industry have spent the past few years evaluating ways to reconcile difficult financial realities without sacrificing the print foundations that have anchored their brands for decades. In Chicago,... Continue reading at Folio Magazine
[ Folio Magazine | 2020-01-28 18:44:20 UTC ]
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Suranne Jones will produce and star in an adaptation of five-time boxing champion Jane Crouch’s memoir The Final Round (Pitch). Continue reading at The Bookseller
[ The Bookseller | 2020-01-13 13:45:31 UTC ]
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Janice Hadlow's début novel, The Other Bennet Sister, has been optioned for TV by Bad Wolf. Continue reading at The Bookseller
[ The Bookseller | 2020-01-12 22:44:25 UTC ]
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Returning to earlier career experience in comics and graphic novels, Janna Morishima is focusing on visual storytelling in her relaunched agency venture. The post New Literary Agency Specializes in Children’s and YA Graphic Content appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-01-10 12:30:35 UTC ]
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Five faith-based titles are undergoing film adaptations this year, including the true story of friendship between an African American reverend and a KKK member in ‘Burden’ and a star-studded take on Ken Wilber’s memoir, ‘Grace and Grit.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-01-08 05:00:00 UTC ]
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Less than a year after creating a video advertising group dedicated to expanding available addressable TV inventory, Nielsen is taking another step toward an addressable future. The company today is introducing a beta version of an addressable TV advertising platform, with more than a half-dozen... Continue reading at AdWeek
[ AdWeek | 2020-01-07 14:00:50 UTC ]
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“We haven’t talked about it, so I’ll see what happens when I see her,” Wang told the audience. Continue reading at Slate
[ Slate | 2020-01-06 00:00:34 UTC ]
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Darlington Borough Council will pay £2.9m to keep one of its libraries open after abandoning plans to close it. Continue reading at The Bookseller
[ The Bookseller | 2020-01-05 21:59:32 UTC ]
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