Along with talks of increased subscriber numbers, changing how streaming executives get pay increases moving forward, the first venture into live-streaming, and other topics, Netflix Co-CEO Ted Sarandos had three key areas of discussion that caught our attention during today's third-quarter earnings report.
First up, expect some plan pricing increases in the U.S., U.K., and France. Following that, we learn that whoever drafted the wording of the report did so before the AMPTP shut down negotiations last week . Finally, the streaming executive explains that Netflix was keeping streaming data on films & series because it cares about its creative community. Here are the highlights: Cr. Courtesy of Netflix © 2023 Netflix Raising Prices on Some Plans in U.S., U.K.
'We spent hours and hours with SAG-AFTRA over the last few weeks, and we were actually very optimistic that we were making progress,' Sarandos shared on Wednesday – offering the AMPTP's message regarding what it claims SAG-AFTRA was after that reportedly shut down the talks. 'But then, at the very end of our last session together, the guild presented this new demand – a subscriber levy unrelated to viewing or success, and this really broke our momentum, unfortunately.
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Netflix Hikes Prices For Some Plans As Subscriber Numbers SurgeAntonio Pequeño IV is a breaking news reporter based in Los Angeles. Prior to joining Forbes, Antonio was a reporter with the San Fernando Valley Business Journal and Los Angeles Business Journal covering the local finance and biotech sectors. He is a graduate of CSU San Marcos and the University of Southern California. Tips: apequenoforbes.
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