Roku has named Jeff Blackburn, the longtime Amazon executive who led the retail giant’s streaming and content business, to its board of directors.
Blackburn most recently served as Amazon’s svp for global media and entertainment, where his purview included Prime Video, Amazon Studios, Amazon Music, Audible and Twitch, among other divisions. The executive retired from Amazon earlier this year after more than two decades at the company, which he first joined in 1998 after helping Amazon with its IPO while working at Deutsche Bank.
Blackburn will join Anthony Wood, Ravi Ahuja, Mai Fyfield, Jeff Hastings, Laurie Simon Hodrick, Neil Hunt, Gina Luna and CEO Ray Rothrock on the board.
“I’m thrilled to be joining Roku’s Board of Directors at such a pivotal time in the industry as more entertainment continues to move to TV streaming,” Blackburn said in a statement on Thursday. “I look forward to working...
Blackburn most recently served as Amazon’s svp for global media and entertainment, where his purview included Prime Video, Amazon Studios, Amazon Music, Audible and Twitch, among other divisions. The executive retired from Amazon earlier this year after more than two decades at the company, which he first joined in 1998 after helping Amazon with its IPO while working at Deutsche Bank.
Blackburn will join Anthony Wood, Ravi Ahuja, Mai Fyfield, Jeff Hastings, Laurie Simon Hodrick, Neil Hunt, Gina Luna and CEO Ray Rothrock on the board.
“I’m thrilled to be joining Roku’s Board of Directors at such a pivotal time in the industry as more entertainment continues to move to TV streaming,” Blackburn said in a statement on Thursday. “I look forward to working...
- 6/8/2023
- by J. Clara Chan
- The Hollywood Reporter - Movie News
In filings with the SEC this morning, Netflix disclosed compensation for its top exec team and said it plans to raise $1.5 billion in debt to fund its operations.
Ted Sarandos, chief content officer and architect of the company’s heavy-spending programming strategy, made $22.4 million in 2017, up 18% from the $18.9 million he collected in 2016. CEO Reed Hastings saw a more modest increase of 5% to $24.4 million. The next highest-paid exec was Neil Hunt, who is no longer with Netflix. The former chief product officer took home just shy of $11 million in 2017, up 25% from $8.8 million in 2016.
By issuing the senior notes, Netflix said, the company “intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.” The interest rate and other terms of the debt will be determined with each individual purchaser of the notes.
Ted Sarandos, chief content officer and architect of the company’s heavy-spending programming strategy, made $22.4 million in 2017, up 18% from the $18.9 million he collected in 2016. CEO Reed Hastings saw a more modest increase of 5% to $24.4 million. The next highest-paid exec was Neil Hunt, who is no longer with Netflix. The former chief product officer took home just shy of $11 million in 2017, up 25% from $8.8 million in 2016.
By issuing the senior notes, Netflix said, the company “intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.” The interest rate and other terms of the debt will be determined with each individual purchaser of the notes.
- 4/23/2018
- by Dade Hayes
- Deadline Film + TV
Reed Hastings’ base salary as chairman and CEO of Netflix actually declined in 2017 — but his overall compensation increased 5%, to $24.4 million, the company disclosed in a proxy filing Monday.
Hastings, 57, took home $850,000 in salary and $23.5 million in stock-option awards reflecting the grant-date value during fiscal 2017 (versus $22.3 million a year prior). As of April 9, Hastings owned 10.76 million Netflix shares, which are currently worth about $3.5 billion.
Per Netflix’s filing, Hastings owns two aircraft which are leased to Netflix by him under time-sharing agreements for business-related travel. In 2017, Netflix reimbursed him $759,164 under the time-sharing agreements.
Ted Sarandos, Netflix’s chief content officer, had a compensation package worth $22.4 million last year, up 18.6% from 2016. His 2017 comp included a $9 million bonus, $12.4 million in stock option awards and a base salary of $1 million.
Among other senior execs, chief product officer Greg Peters also got a pay hike of 15%, with a comp package worth $9.2 million last year. In 2017, that included a $2.76 million bonus,...
Hastings, 57, took home $850,000 in salary and $23.5 million in stock-option awards reflecting the grant-date value during fiscal 2017 (versus $22.3 million a year prior). As of April 9, Hastings owned 10.76 million Netflix shares, which are currently worth about $3.5 billion.
Per Netflix’s filing, Hastings owns two aircraft which are leased to Netflix by him under time-sharing agreements for business-related travel. In 2017, Netflix reimbursed him $759,164 under the time-sharing agreements.
Ted Sarandos, Netflix’s chief content officer, had a compensation package worth $22.4 million last year, up 18.6% from 2016. His 2017 comp included a $9 million bonus, $12.4 million in stock option awards and a base salary of $1 million.
Among other senior execs, chief product officer Greg Peters also got a pay hike of 15%, with a comp package worth $9.2 million last year. In 2017, that included a $2.76 million bonus,...
- 4/23/2018
- by Todd Spangler
- Variety Film + TV
Netflix executives were awarded sham bonuses in order to take advantage of tax law loopholes, according to a lawsuit filed by the City of Birmingham Relief and Retirement System, a company shareholder.
The federal lawsuit, filed in Us District Court in San Francisco, alleges Netflix gave “multi-million dollar windfalls” to certain executives, including top content man Ted Sarandos, based on easily achieved milestones.
“Through their conduct, Defendants rigged the compensation process, guaranteeing Netflix officers huge cash payments while misleading investors into believing that these payments were justified by attainment of real performance goals,” the suit alleges.
The lawsuit alleges Netflix gave the bonuses in an attempt to take advantage of a tax law loophole in effect at the time. Under that prior law, public companies could deduct salaries up to $1 million for top executives.
However, the compensation above that could only be tax deductible if the bonus goals were uncertain...
The federal lawsuit, filed in Us District Court in San Francisco, alleges Netflix gave “multi-million dollar windfalls” to certain executives, including top content man Ted Sarandos, based on easily achieved milestones.
“Through their conduct, Defendants rigged the compensation process, guaranteeing Netflix officers huge cash payments while misleading investors into believing that these payments were justified by attainment of real performance goals,” the suit alleges.
The lawsuit alleges Netflix gave the bonuses in an attempt to take advantage of a tax law loophole in effect at the time. Under that prior law, public companies could deduct salaries up to $1 million for top executives.
However, the compensation above that could only be tax deductible if the bonus goals were uncertain...
- 4/11/2018
- by Bruce Haring
- Deadline Film + TV
A Netflix shareholder has filed a federal lawsuit accusing the streaming giant of awarding lavish bonuses to top executives.
The suit, brought by the City of Birmingham Relief and Retirement System, alleges that Netflix violated tax law by giving “multi-million dollar windfalls” to executives including Ted Sarandos based on performance targets the company knew it was almost certain to achieve.
“Through their conduct, Defendants rigged the compensation process, guaranteeing Netflix officers huge cash payments while misleading investors into believing that these payments were justified by attainment of real performance goals,” the suit alleges.
Public companies are allowed to deduct salaries for top executives up to $1 million. Above that threshold, compensation may only be deducted if it is based on performance goals. The law requires that the goals be “substantially uncertain” at the time they are set. The Netflix bonuses were based on streaming revenues, which the pension fund alleges were...
The suit, brought by the City of Birmingham Relief and Retirement System, alleges that Netflix violated tax law by giving “multi-million dollar windfalls” to executives including Ted Sarandos based on performance targets the company knew it was almost certain to achieve.
“Through their conduct, Defendants rigged the compensation process, guaranteeing Netflix officers huge cash payments while misleading investors into believing that these payments were justified by attainment of real performance goals,” the suit alleges.
Public companies are allowed to deduct salaries for top executives up to $1 million. Above that threshold, compensation may only be deducted if it is based on performance goals. The law requires that the goals be “substantially uncertain” at the time they are set. The Netflix bonuses were based on streaming revenues, which the pension fund alleges were...
- 4/11/2018
- by Gene Maddaus
- Variety Film + TV
This week, two separate reports brought two potential Netflix features to our attention. First, the company’s chief product officer said during briefing with journalists that mobile-specific cuts of streaming content could be on the horizon. Then, over the weekend, several Netflix users noted the appearance of a “skip intro” button that allowed the to fast-forward through the opening credits of a show.
Netflix chief product officer Neil Hunt said “it’s not inconceivable that you could take a master [copy] and make a different cut for mobile.” Such cuts would help out mobile viewers who may not be watching shows and movies in the optimal light of a living room. While Hunt did not note any specific plans to introduce alternatively-lit versions of Netflix content, he did say the company plans to explore that area in coming years.
The “skip intro” button, meanwhile, has already been introduced in A/B testing.
Netflix chief product officer Neil Hunt said “it’s not inconceivable that you could take a master [copy] and make a different cut for mobile.” Such cuts would help out mobile viewers who may not be watching shows and movies in the optimal light of a living room. While Hunt did not note any specific plans to introduce alternatively-lit versions of Netflix content, he did say the company plans to explore that area in coming years.
The “skip intro” button, meanwhile, has already been introduced in A/B testing.
- 3/20/2017
- by Sam Gutelle
- Tubefilter.com
Netflix plans to explore delivering mobile-specific cuts of its original titles. Earlier in the week, the company’s chief product officer Neil Hunt said during a press briefing that the streaming giant is looking into this possibility as a way to better accommodate the growing number of people watching films and TV shows on their smart phones and iPads.
Read More: St. Patrick’s Day: 7 TV Episodes on Netflix That Are Even Better Than a Pot of Gold
“It’s not inconceivable that you could take a master [copy] and make a different cut for mobile,” Hunt said, as reported by The Verge.
Although Netflix currently doesn’t have different cuts for the various viewing platforms, “it’s something we will explore over the next few years,” Hunt added. The executive shared the news during a two-day event with journalists at Dolby Laboratories and Netflix’s headquarters in San Francisco, ahead...
Read More: St. Patrick’s Day: 7 TV Episodes on Netflix That Are Even Better Than a Pot of Gold
“It’s not inconceivable that you could take a master [copy] and make a different cut for mobile,” Hunt said, as reported by The Verge.
Although Netflix currently doesn’t have different cuts for the various viewing platforms, “it’s something we will explore over the next few years,” Hunt added. The executive shared the news during a two-day event with journalists at Dolby Laboratories and Netflix’s headquarters in San Francisco, ahead...
- 3/17/2017
- by Yoselin Acevedo
- Indiewire
Netflix has branded itself as the home where filmmakers and storytellers can create with access to the money, tools, and freedom they don’t have elsewhere. But no situation is ever perfect, and at the end of the day, Netflix owns your content. And in the future, they might just cut it to hell.
Speaking with journalists today, chief product officer Neil Hunt revealed that Netflix is considering offering different cuts of their original movies and TV shows, specifically framed for mobile.
Continue reading Netflix Considering Pan & Scanning Their Original Movies & TV Shows For Mobile at The Playlist.
Speaking with journalists today, chief product officer Neil Hunt revealed that Netflix is considering offering different cuts of their original movies and TV shows, specifically framed for mobile.
Continue reading Netflix Considering Pan & Scanning Their Original Movies & TV Shows For Mobile at The Playlist.
- 3/16/2017
- by Kevin Jagernauth
- The Playlist
Back in June, Netflix’s VP of Product Innovation Carlos A. Gomez-Uribe and Chief Product Officer Neil Hunt co-published a paper entitled, “The Netflix Recommender System: Algorithms, Business Value, and Innovation.” It’s a fascinating read, and if you care at all about the future of film as an artform, a fairly troubling one. With their 19-page paper, Gomez-Uribe and Hunt provide a rare peek under the hood of Netflix’s inner-workings and technological developments, and go on to discuss the company’s business priorities and philosophy. The basic takeaway? Netflix has built an insanely complex and powerful recommendation system. This sucker has algorithms […]...
- 9/12/2016
- by Dan Schoenbrun
- Filmmaker Magazine - Blog
As we’ve written before, online video platforms can reap big-time benefits by putting proper resources into discoverability. No one understands that idea better than Netflix, which has worked hard to ensure its recommendation algorithm highlights as much of its library as possible. According to a paper published by two Netflix execs and shared by The Motley Fool, the streaming video on-demand (Svod) service’s algorithm saves it $1 billion per year.
The savings produced by the Netflix algorithm, as laid out by the platform’s VP of Product Innovation Carlos Uribe-Gomez and its Chief Product Officer Neil Hunt, show up in two major areas. Netflix’s recommendation engine is known for the hyper-specific categories it produces, and those genres can match the titles in the service’s catalog to the exact subscribers who will be interested in watching them. By getting the most mileage out of its library, Netflix therefore...
The savings produced by the Netflix algorithm, as laid out by the platform’s VP of Product Innovation Carlos Uribe-Gomez and its Chief Product Officer Neil Hunt, show up in two major areas. Netflix’s recommendation engine is known for the hyper-specific categories it produces, and those genres can match the titles in the service’s catalog to the exact subscribers who will be interested in watching them. By getting the most mileage out of its library, Netflix therefore...
- 6/20/2016
- by Sam Gutelle
- Tubefilter.com
Netflix is bullish on improving subscribers’ watch experiences through testing. According to a report from Variety, the streaming service conducted around 150 optimization split tests in 2015 alone to see how subscribers responded. One test in particular proved extremely useful and proved good thumbnail images aren't just a necessity on YouTube. When Netflix tested new images for select titles with a group of subscribers, average viewing time on those titles increased by at least 20%.
Back in 2013, Netflix realized traditional DVD box cover art provided by Hollywood studios often wasn’t enough incentive to get the platform’s subscribers to watch a title. This lack of visual appeal became a company concern, because, as Netflix Chief Product Officer Neil Hunt told Variety at CES 2016, “we have 30 seconds, 60 seconds or 90 seconds to capture your interest.” If images couldn’t capture a subscriber’s attention in those first 90 seconds, the chances were those members might...
Back in 2013, Netflix realized traditional DVD box cover art provided by Hollywood studios often wasn’t enough incentive to get the platform’s subscribers to watch a title. This lack of visual appeal became a company concern, because, as Netflix Chief Product Officer Neil Hunt told Variety at CES 2016, “we have 30 seconds, 60 seconds or 90 seconds to capture your interest.” If images couldn’t capture a subscriber’s attention in those first 90 seconds, the chances were those members might...
- 1/7/2016
- by Bree Brouwer
- Tubefilter.com
© Ted Soqui/Corbis
It’s not really an exaggeration to say that Netflix has fundamentally altered the way that we consume media, and the way that we live our lives. Until recently the term ‘binge-watching’ would have been considered a gibberish conjunction of nothingness – and the very concept itself would have been thought of almost exclusively as an agoraphobic activity. Yet today binge-watching is arguably the fastest growing activity in the western world and content is specifically tailored to meet our marathon televisual needs.
For better or for worse, Netflix is both omnipresent and alarmingly omnipotent in our lives. The company has grown from a small organisation that can only be born from the kind of blind rage that occurs when you get charged $40 late fees on a rental of Apollo 13, to a game changing cultural phenomenon.
There are many, many mind blowing facts and figures about Netflix out there in the ether.
It’s not really an exaggeration to say that Netflix has fundamentally altered the way that we consume media, and the way that we live our lives. Until recently the term ‘binge-watching’ would have been considered a gibberish conjunction of nothingness – and the very concept itself would have been thought of almost exclusively as an agoraphobic activity. Yet today binge-watching is arguably the fastest growing activity in the western world and content is specifically tailored to meet our marathon televisual needs.
For better or for worse, Netflix is both omnipresent and alarmingly omnipotent in our lives. The company has grown from a small organisation that can only be born from the kind of blind rage that occurs when you get charged $40 late fees on a rental of Apollo 13, to a game changing cultural phenomenon.
There are many, many mind blowing facts and figures about Netflix out there in the ether.
- 1/4/2016
- by Bevan Morgan
- Obsessed with Film
If you’re British and you suffer from a serious series addition, then you probably know every Netflix TV show from pilot to finale. Breaking Bad was amazing while it lasted, and Better Call Saul has stood on its own two feet so far. Netflix originals House of Cards and Orange is The New Black have definitely been binge-worthy. Fargo, Arrested Development, Daredevil; there are lots of great shows only a swipe and a click away, but what happens when the Netflix tank runs dry?
It will no doubt rile you to find out just how many great series there are on Netflix that you cannot access because of your region. The Us version of the service has many, many TV shows that those using Netflix in the UK can’t see, some of them British made, and most of them really good.
Rather than remedy this by spreading the...
It will no doubt rile you to find out just how many great series there are on Netflix that you cannot access because of your region. The Us version of the service has many, many TV shows that those using Netflix in the UK can’t see, some of them British made, and most of them really good.
Rather than remedy this by spreading the...
- 10/19/2015
- by Phil Archbold
- Obsessed with Film
After months of speculation, ex-Top Gear hosts Jeremy Clarkson, Richard Hammond and James May finally are working on a brand new show.
Fans longing to see the three middle-aged men mess about in cars will have to wait until 2016, but until then, here's a round-up of everything you need to know so far.
Top Gear without limits: Is Clarkson, Hammond and May's Amazon deal really good news for fans?
Where and when is it on?
The new show will be made exclusive to customers of Amazon Prime, an online streaming service similar to Netflix.
If you haven't got Amazon Prime, it'll cost £79 a year, and you can watch it on various devices and apps - a full explanation of which can be found here.
No official date for the show's launch has been made yet, but it will definitely arrive at some point in 2016, probably in the autumn.
How many episodes will there be?...
Fans longing to see the three middle-aged men mess about in cars will have to wait until 2016, but until then, here's a round-up of everything you need to know so far.
Top Gear without limits: Is Clarkson, Hammond and May's Amazon deal really good news for fans?
Where and when is it on?
The new show will be made exclusive to customers of Amazon Prime, an online streaming service similar to Netflix.
If you haven't got Amazon Prime, it'll cost £79 a year, and you can watch it on various devices and apps - a full explanation of which can be found here.
No official date for the show's launch has been made yet, but it will definitely arrive at some point in 2016, probably in the autumn.
How many episodes will there be?...
- 9/28/2015
- Digital Spy
One claim that some consumers love to cite is that more options are Always ideal - the more choice and options one has with a product the better things are.
That's often not the case though as providing too many options leads to a paralysis of choice - from students struggling to pick a major, to cable television and VOD services where there's hundreds of channels and programs to choose from and yet often it's hard to settle on anything to watch.
Speaking at a recent Ifa tradeshow in Berlin (via Gizmodo), Netflix's Chief Product Officer Neil Hunt says it's that paralysis is the reason why the company does Not offer the ability to download TV episodes and movies for offline viewing - even with competitor Amazon recently making the announcement of just such a feature as part of its Prime service:
"One of the things I've learned is...
That's often not the case though as providing too many options leads to a paralysis of choice - from students struggling to pick a major, to cable television and VOD services where there's hundreds of channels and programs to choose from and yet often it's hard to settle on anything to watch.
Speaking at a recent Ifa tradeshow in Berlin (via Gizmodo), Netflix's Chief Product Officer Neil Hunt says it's that paralysis is the reason why the company does Not offer the ability to download TV episodes and movies for offline viewing - even with competitor Amazon recently making the announcement of just such a feature as part of its Prime service:
"One of the things I've learned is...
- 9/8/2015
- by Garth Franklin
- Dark Horizons
The days of suffering through Paul Blart: Mall Cop 2 on long-haul flights could soon be over, as Netflix has designs on dominating the skies with its own on-board entertainment options.
Despite having once again brushed aside the notion of adding offline viewing, the streaming giant has suggested it's looking to squeeze the whole of netflix into a box to make content accessible in at least one Wi-Fi-free environment - aircrafts.
"We have no plans for an offline mode," Netflix's chief product officer Neil Hunt told Digital Spy. "I think it's far more important to solve the problem of how do you distribute content on an airplane."
Further dangling this content-brimmed carrot, Hunt went on to suggest there are two avenues the company could pursue to realise a new era of fun flights.
"We are seeing the next-generation of Wi-Fi in planes, so that's a direction," he explained. "The...
Despite having once again brushed aside the notion of adding offline viewing, the streaming giant has suggested it's looking to squeeze the whole of netflix into a box to make content accessible in at least one Wi-Fi-free environment - aircrafts.
"We have no plans for an offline mode," Netflix's chief product officer Neil Hunt told Digital Spy. "I think it's far more important to solve the problem of how do you distribute content on an airplane."
Further dangling this content-brimmed carrot, Hunt went on to suggest there are two avenues the company could pursue to realise a new era of fun flights.
"We are seeing the next-generation of Wi-Fi in planes, so that's a direction," he explained. "The...
- 9/7/2015
- Digital Spy
Amazon Prime may be touting its recent high-profile capture of former Top Gear presenters Jeremy Clarkson, James May and Richard Hammond for a new motoring show as a valuable acquisition given their audience pulling power. But the deal, estimated to be worth $250 million, which even CEO Jeff Bezos admitted was "very, very, very expensive," has now been snubbed by the other favorite in the race to secure the trio's signatures. "We have past episodes of Top Gear, so we have a pretty good gauge of what audiences like," Netflix chief product officer Neil Hunt told online
read more...
read more...
- 9/7/2015
- by Alex Ritman
- The Hollywood Reporter - Movie News
It might sound like sour grapes, but Netflix has suggested that Jeremy Clarkson, Richard Hammond and James May are not worth the money being paid out by rival streaming service Amazon Prime.
Netflix was one of a number of content creators known to have been in discussions with the former Top Gear presenters, and explained to Digital Spy how it used its own viewership data to determine whether or not to splash out on the popular trio.
Clarkson, Hammond and May's new series is very, very, very expensive, says Amazon boss Jeff Bezos
"We did have past episodes of Top Gear, so we have a pretty good gauge of what audiences like," Netflix's Chief Product Officer Neil Hunt told us.
"Our buying decisions tend to be somewhat data-driven. We have a lot of data to get the deals we want, so there we go.
"Clearly it wasn't worth the money to make the deal.
Netflix was one of a number of content creators known to have been in discussions with the former Top Gear presenters, and explained to Digital Spy how it used its own viewership data to determine whether or not to splash out on the popular trio.
Clarkson, Hammond and May's new series is very, very, very expensive, says Amazon boss Jeff Bezos
"We did have past episodes of Top Gear, so we have a pretty good gauge of what audiences like," Netflix's Chief Product Officer Neil Hunt told us.
"Our buying decisions tend to be somewhat data-driven. We have a lot of data to get the deals we want, so there we go.
"Clearly it wasn't worth the money to make the deal.
- 9/4/2015
- Digital Spy
1. Cinedigm Launches Docurama: Cinedigm has decided to bring us Docurama, a new On-Demand streaming channel that will provide viewers with over 1,000 documentary titles by mid-summer. The channel will be available on over 165 streaming devices, which include TVs, set top boxes, tablets and gaming consoles. Read more here. 2. Netflix Plans: Netflix will continue to boost its original programming and license exclusive content, Variety reports. "Our intent is to continue to expand the content library meaningfully," said Netflix CFO David Wells at the J.P. Morgan Technology, Media and Telecom Conference. Speaking of original programming, "Orange is the New Black" returns for its second season on Friday, June 6. 3. The Future of Television: Separately, Neil Hunt, Netflix’s chief product officer, had some predictions about the future of television. Wired reports on Hunt's speech at New York City’s Internet Week conference, in which he predicts that in the...
- 5/20/2014
- by Paula Bernstein and Eric Eidelstein
- Indiewire
The streaming company probably averages 1.8B viewing hours per month domestically which is “within striking distance of the broadcast networks,” Btig analyst Richard Greenfield says today based on some new data from Netflix and his own back-of-the-envelope calculations. He starts with Chief Product Officer Neil Hunt’s disclosure yesterday that Netflix transmitted 6.5B hours of content globally in Q1. That looks to be up 18% vs last year, Greenfield says. Here’s how he gets to the domestic viewing hours estimate: The analyst figures that Netflix’s 34.55 domestic streaming subs in Q1 accounted for 82% of total viewing (down from 88% a year ago), or 5.33B hours. That’s 1.8B hours per month, and 103 minutes per sub per day. Greenfield doesn’t break out comparable figures for the Big Four networks, but last year he said that in Q1 2013 CBS had 3.3B viewing hours per month followed by ABC at 2.6B, NBC at 2.3B and Fox at 1.9B.
- 5/20/2014
- by DAVID LIEBERMAN, Financial Editor
- Deadline TV
Netflix has the power to be a trend setter in the TV/Entertainment realm, and if they embrace your technology, you’re good to go. But if they ditch it? You may be on the way out. Speaking to Macleans, Netflix Cpo Neil Hunt talked about how the company believes 4K TV is the “real deal,” while [&hellip
Netflix Embracing 4K TV Technology, Ditching 3D...
Netflix Embracing 4K TV Technology, Ditching 3D...
- 12/16/2013
- by Paul
- TVovermind.com
The streaming service has launched a visually richer interface designed to increase the already-high amount of time subscribers watch its content on their television sets.
Netflix has already changed the way many people think about watching television. Now the company wants to change the way people watch Netflix on their TV sets.
The streaming service has unveiled a new, visually richer interface for subscribers who watch Netflix on television. The new experience is designed to improve discovery and playback.
Photos: From 'Arrested Development' to 'House of Cards,' Exclusive Portraits of Netflix's Stars
The Internet network also hopes its new design will lead to even more television viewing of its content, which already accounts for the majority of its five billion viewing hours last quarter.
"Our members collectively watch more than a billion hours of Netflix a month, most of that is on a TV," Netflix chief...
Netflix has already changed the way many people think about watching television. Now the company wants to change the way people watch Netflix on their TV sets.
The streaming service has unveiled a new, visually richer interface for subscribers who watch Netflix on television. The new experience is designed to improve discovery and playback.
Photos: From 'Arrested Development' to 'House of Cards,' Exclusive Portraits of Netflix's Stars
The Internet network also hopes its new design will lead to even more television viewing of its content, which already accounts for the majority of its five billion viewing hours last quarter.
"Our members collectively watch more than a billion hours of Netflix a month, most of that is on a TV," Netflix chief...
- 11/13/2013
- by Hilary Lewis
- The Hollywood Reporter - Movie News
Los Gatos, Calif., Aug. 1, 2013 — Netflix, Inc. (Nasdaq: Nflx), the world’s leading Internet television network, today introduced “Profiles,” a new feature that makes it easier for everyone in the household to get the most out of Netflix. Starting today, Netflix members can create a separate “profile” for each member of their household, who will each see a uniquely personalized experience based upon their individual watching habits, their personal favorite shows, and favorite genres, all driven by Netflix recommendation technology. Each account can have up to five profiles, included at no extra cost in the basic subscription price. “We continually innovate and are proud to deliver an even better, more personal Netflix experience,” said Netflix Chief Product Officer Neil Hunt. “Now everyone in your home can have their own Netflix experience, built around the TV shows and movies they enjoy. No longer will your Netflix suggestions be mixed up with those of your kids,...
- 8/1/2013
- by THE DEADLINE TEAM
- Deadline TV
Netflix CEO Reed Hastings earned $5.5 million in 2012, down from $9.3 million a year earlier as his option awards shrunk by $3.8 million. Chief content officer Ted Sarandos made $6.5 million, up from $4.9 million. Neil Hunt, chief product officer, made $5.5 million, up from $3.6 million; general counsel David Hyman earned $2.3 million, up from $1.7 million; and CFO David Wells made $2 million, up from $1.4 million. While Hastings compensation fell 41 percent, Netflix shares in 2012 advanced 34 percent. Hastings was paid $509,615 in salary
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read more...
- 4/26/2013
- by Paul Bond
- The Hollywood Reporter - Movie News
Online streaming service faces class action as it launches in UK & Ireland
Netflix is facing a class action lawsuit from investors who claim management misled shareholders over the deteriorating state of the streaming business – while cashing in $90m in stock while the share price was at an all-time high.
Online streaming service Netflix, which is keen not to be distracted from its costly launch into the UK & Ireland, is facing the lawsuit filed in California accusing senior executives of issuing "materially false and misleading statements regarding the company's business practices and its contracts with content providers".
The defendants named in the action are chief executive Reed Hastings, finance director David Wells, chief content officer Ted Sarandos, chief product officer Neil Hunt and marketing director Leslie Kilgore.
"Defendants' statements about Netflix's ability to secure content and maintain profit margins were crucial to investors' evaluation of Netflix," the lawsuit contends. "Rather...
Netflix is facing a class action lawsuit from investors who claim management misled shareholders over the deteriorating state of the streaming business – while cashing in $90m in stock while the share price was at an all-time high.
Online streaming service Netflix, which is keen not to be distracted from its costly launch into the UK & Ireland, is facing the lawsuit filed in California accusing senior executives of issuing "materially false and misleading statements regarding the company's business practices and its contracts with content providers".
The defendants named in the action are chief executive Reed Hastings, finance director David Wells, chief content officer Ted Sarandos, chief product officer Neil Hunt and marketing director Leslie Kilgore.
"Defendants' statements about Netflix's ability to secure content and maintain profit margins were crucial to investors' evaluation of Netflix," the lawsuit contends. "Rather...
- 1/17/2012
- by Mark Sweney
- The Guardian - Film News
Netflix CEO Reed Hastings is getting the corporate equivalent of coal in his Christmas stocking – a pay cut. According to the company’s filing with the Securities and Exchange Commission on Thursday, Hastings’ salary is taking a $1.5 million hit in 2012. While his base annual salary of $500,000 remains the same, his stock option compensation drops from $3 million this year to $1.5 million next year. Based on those two figures, Hastings will make less in 2012 than Chief Content Officer Ted Sarandos and Chief Product Officer Neil Hunt. In 2011, Hastings...
- 12/23/2011
- by Lucas Shaw
- The Wrap
Netflix Inc. has cut CEO Reed Hastings’ annual stock option allowance in half to $1.5 million for 2012, Bloomberg reported today based on a regulatory filing. Hastings’ yearly salary of $500,000 remains the sam. Following a disastrously ill-conceived price hike for its DVD mailing and video streaming service, subscribers revolted and Netflix shares dropped 75% from their July 13 high of almost $300. His stock option allowance for 2011 was $3 million. In addition to subscribers defecting in droves — which caught company management by surprise — Hasting projected losses in fiscal 2012 as it expands into the UK and absorbs higher-prices from new content agreements. Netflix chief marketing officer Leslie Kilgore’s salary for 2012 will be cut to $575,000 from $802,000 in 2011 but her stock option grant was increased to $1.33 million from $1.1 million. Salary for another executive, chief product officer Neil Hunt, will remain $1 million for next year and his stock option allowance will rise to $1.5 million from $900,000. Chief content officer Ted Sarandos...
- 12/23/2011
- by THE DEADLINE TEAM
- Deadline TV
Los Gatos, Calif., Nov. 15, 2011 – Coinciding with the first shipments of the Amazon Kindle Fire and Barnes & Noble Nook Tablet™, Netflix, Inc. (Nasdaq:nflx) today unveiled a new interface for Android-powered tablets that makes browsing and instantly watching unlimited TV shows and movies streaming from Netflix better than ever. The redesigned Netflix experience is much more immersive and provides more focus on the growing Netflix catalog by displaying twice as many titles than the previous interface. In addition, through optimization for touch-enabled tablets, Netflix members can swipe through multiple rows of titles with larger artwork. As a result, it is now much easier to discover and instantly watch movies and TV shows on Android tablets. “In the last 12 months we have seen a threefold increase in how long Netflix members are watching on their tablets,” said Neil Hunt, chief product officer at Netflix. “We’re happy to debut a new user experience...
- 11/15/2011
- by DAVID LIEBERMAN, Executive Editor
- Deadline TV
The company has just announced plans to increase subtitles on streaming content. But it's not enough, say deaf advocates. For some, in fact, Netflix's recent shift to streaming and its price hike, looks like something of a "deaf tax." Is Netflix listening?
Last night Netflix announced that it had greatly expanded subtitling on streaming content, and would continue to do so. On the Netflix blog, Chief Product Officer Neil Hunt said that in the U.S., over "3,500 TV episodes and movies have subtitles available, representing about 30% of viewing." (This didn't count the already "burned in" subtitles on foreign content, he added.) He wrote that Netflix expected to hit the 80% mark by the end of 2011 in the U.S., with similar aims for Canada, and he linked to this page, which lists "all of the TV shows and movies that are available with subtitles."
The announcement pleased many deaf and hard of hearing people,...
Last night Netflix announced that it had greatly expanded subtitling on streaming content, and would continue to do so. On the Netflix blog, Chief Product Officer Neil Hunt said that in the U.S., over "3,500 TV episodes and movies have subtitles available, representing about 30% of viewing." (This didn't count the already "burned in" subtitles on foreign content, he added.) He wrote that Netflix expected to hit the 80% mark by the end of 2011 in the U.S., with similar aims for Canada, and he linked to this page, which lists "all of the TV shows and movies that are available with subtitles."
The announcement pleased many deaf and hard of hearing people,...
- 2/25/2011
- by David Zax
- Fast Company
By Sharon Waxman
Netflix had a really good idea: to reach out and invite anyone to improve its movie recommendation process - with a $1 million prize at the other end.
But, whoops, turns out that wasn't such a hot idea after all. The contest drew an investigation by the Federal Trade Commission and a lawsuit.
The newest round of the contest just got cancelled.
In a blog post on Friday, Netflix chief product officer Neil Hunt wrote:
"In the past few months, the Federal Trade Commission (FTC) asked us how a Netflix Prize sequel might affect Netflix members' privacy, and ...
Netflix had a really good idea: to reach out and invite anyone to improve its movie recommendation process - with a $1 million prize at the other end.
But, whoops, turns out that wasn't such a hot idea after all. The contest drew an investigation by the Federal Trade Commission and a lawsuit.
The newest round of the contest just got cancelled.
In a blog post on Friday, Netflix chief product officer Neil Hunt wrote:
"In the past few months, the Federal Trade Commission (FTC) asked us how a Netflix Prize sequel might affect Netflix members' privacy, and ...
- 3/13/2010
- by Sharon Waxman
- The Wrap
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