Netflix Announces Plans To Go Into News Programming
Bosses at Netflix are gearing up to compete with HBO once again. Only this time, it may be in the area of news programming.Advertisement
The possibility was raised during the recent Earnings Interview with a number of analysts as well as Netflix Chief Executive Officer Reed Hastings, Netflix Chief Content Officer Ted Sarandos and Netflix Chief Financial Officer David Wells. What originally started as a discussion about the success of the company’s original programming and relationship with Amazon ended up to a question about Netflix’s response with HBO moving into news.
To this, Sarandos says that the programming is not a far possibility, considering they’re just about to launch a talk show with Chelsea Handler. And when an analyst from Re/code asked about the possibility of Netflix being in direct competition with Vice in the next two years, Sarandos simply remarked, “Probably high.” Nonetheless, a rep from Netflix told Variety that this does not mean Netflix will be going into “reporting and live news business.”
In its third quarter letter to shareholders, Netflix reported a revenue of over $1.5 million, reflecting significant increase when compared to both revenue of the same quarter last year as well as second quarter revenue. Meanwhile, the company also exceeded its forecast when it came to global membership. The third quarter saw an addition of 3.62 million members, bringing the total to 69.17 million members. The company only expected membership base to increase by 3.55 million.
As for content, Netflix continues to move aggressively towards its “originals strategy” with the launch of its first original feature film “Beasts of No Nation” on October 16 as well as the release of the first of Adam Sandler’s four films, “The Ridiculous Six,” in December. At the same time, the company has also acquired global second window rights to four major series. These include “How to Get Away with Murder,” “Colony,” “Zoo,” and “Jane the Virgin.” Meanwhile, there were previous reports of a possibility of “Tyrant 3″ happening in Netflix. However, FX has just announced that they had already renewed the show for a Season 3.