As a die-hard Netflix enthusiast with a decade of binge-watching under my belt, I must admit that 2024 felt like a rollercoaster ride for us viewers. The Hollywood strikes certainly threw a wrench into the works, leaving our beloved shows like “Cobra Kai” and “Emily in Paris” hanging in limbo. But, as they say, good things come to those who wait, and it seems that 2025 is shaping up to be a year of redemption for Netflix.
Netflix anticipates that its TV shows lineup will be nearly back to usual by 2025, following their statement that the 2024 lineup would be thinner than typical because of the Hollywood strikes.
During a discussion on Netflix’s third-quarter financial call, co-CEO Ted Sarandos mentioned that some well-liked series like “Cobra Kai” and “Emily in Paris,” along with newer shows such as “Perfect Couple” and “Nobody Wants This,” were initially planned to release earlier in the year. However, these releases were postponed due to complications arising from the strike.
In the first part of this year, our schedule faced more irregularities than we preferred, mainly due to a halt in work. This interruption affected us most significantly in the U.S., Canada, and Australia, but its impact was also felt on a global production level.
Netflix is gradually shifting towards a more regular production timetable, with TV shows progressing smoothly compared to films, according to Sarandos. However, neither sector has completely bounced back yet, causing some disturbance in Netflix’s overall objectives, he pointed out.
Here, our goal is consistently providing a regular stream of exceptional TV shows, movies, and games for our members all year round. This flow should be so consistent that as you finish watching one piece, you’re already anticipating the next one to be equally impressive.
The organization faced a shift in management as well, with Dan Lin taking over the role of chief film executive following Scott Stuber’s departure. Ted Sarandos mentioned that this change also affected the pace of movie releases.
Despite the “patchiness,” Netflix still added five million new subscribers in the most recent quarter and saw “healthy engagement,” with around two hours per day per paid membership on average. The company also saw large year-over-year increases in its revenue, to reach $9.83 billion, and in its operating income, which hit $2.91 billion.
Hey there fellow gaming enthusiast! I’ve got some exciting news to share as a gaming and movie buff! Sarandos pointed out an impressive lineup for Q4, packed with action flicks like “Carry-On,” “The Piano Lesson,” “Emilia Pérez” and more. In the not-so-distant future of 2025, Netflix predicts to be back in full swing, offering a new “Knives Out” movie, Guillermo del Toro’s take on “Frankenstein,” and “The Electric State,” a new production from the Russo Brothers featuring Millie Bobby Brown. So buckle up and get ready for an amazing ride!
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2024-10-18 00:55