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“I’m saving Hollywood,” said Ted Sarandos when asked if he was “destroying Hollywood” from the box office suffering due to streaming platforms continuing to expand. “Netflix is a very consumer-focused company. We really do care that we deliver the program to you in a way you want to watch it, and it’s a program that…
Netflix‘s co-CEO Ted Sarandos gave some intriguing backstory on why the streamer isn’t available in China. Sarandos was being interviewed during Semafor’s World Economy Summit on Wednesday when he was asked about the company not being available in the world’s second-largest economy. “Fifteen years ago, everyone thought [a presence in China] was existential,” Sarandos said….
Netflix co-CEO Ted Sarandos said his decision to stand by Dave Chappelle and his Netflix special, The Closer, after backlash about what was seen as transphobic jokes was not an easy choice, but one that he continues to stand by. “They’re never easy calls. But I think it’s rooted in a principle of protecting free…
Nicole Avant spent much of her childhood summers in holiday enclaves like Oak Bluffs in Martha’s Vineyard and Sag Harbor in Long Island, vacation havens created by the Black middle-class elites as they were often denied entry elsewhere. “My parents took me there, and it was great for me growing up to see Black doctors,…
More than a century after its first screening, the Egyptian Theatre on Hollywood Boulevard is coming back to life following a restoration process that kept it dark for three years. But this isn’t the storied venue’s first makeover. Sid Grauman’s homage to Egyptian culture — which predates his Chinese Theatre on the same street by…
After years of keeping viewing data under lock and key, streamers have become a little more open about sharing numbers publicly in the past two years. Netflix‘s Ted Sarandos says he expects that trend to continue — and also defended the earlier practice as a part of a “promise” to the company’s creative partners. “We’re heading…
Former White House adviser Susan Rice is returning to Netflix amid the writers strikes in Hollywood that have already impacted projects across major studios and networks, according to reports. Rice, who stepped down as a domestic policy adviser for President Biden in April, will re-join the streaming platform’s board of directors after being appointed this…
In a rare rebuke of corporate executive compensation, Netflix shareholders rejected the pay packages for top executives at the company, including co-CEO Ted Sarandos, former co-CEO Reed Hastings, and Greg Peters, who was COO of the company last year and was elevated to the co-CEO role earlier this year. The “no” vote on the “Say…
Oscars: Complete Guide to 2023 Red Carpet Events and Parties (Updating) Event producers are gearing up to roll out miles of red carpet in Los Angeles this week for what is shaping up to be a packed schedule of starry parties and gatherings to celebrate the 95th annual Academy Awards. The Hollywood Reporter has gathered intel on all…
Reed Hastings and Ted Sarandos in Line for $35M and $40M Netflix Paydays in 2023 In what is shaping up to be a critical year for the streaming giant, Netflix says that co-CEOs Reed Hastings and Ted Sarandos will have 2023 pay packages valued at $34.65 million and $40 million, respectively. That is in line…