Netflix Chief Reed Hastings Says ‘The End of Linear TV’ Is Coming ‘Over the Next 5-10 Years’

The Red Hot Chili Peppers brought their Global Stadium Tour to MetLife Stadium in East Rutherford, New Jersey, which is just outside of New York City.And with the clock ticking until show time, the band's acclaimed bassist Flea was hard to miss with his multi-colored locks as he made his way from his hotel in Manhattan, past eager fans, to his awaiting car for the short ride to the concert.The band's trek around the world is in support of their twelfth and thirteenth studio albums, Unlimited Love and Return Of The Dream Canteen, and marks the return of guitarist John Frusciante back to the group for a second time. Time to rock! Flea, 59, made his way out of his New York City hotel for the short ride to East Rutherford, New Jersey, where his band Red Hot Chili Peppers will play MetLife StadiumThe world-class bass player (born Michael Peter Balzary), 59, stepped out of the hotel wearing light blue shorts and a matching t-shirt, which he will likely shed once the band kicks off into their opening song.Both Flea and vocalist Anthony Kiedis have had a penchant for playing their shows shirtless over the years, and nearly naked on a number of special occasions.

On Twitter, Simon wrote: “Rest in peace my tiger” revealing his cat had been put to sleep. Follower TCargo88 wrote a response to Simon to say that he too had lost his cat recently. The meteorologist told him: "We had to make that decision and it was so hard. “Just had to keep remembering it was the best thing for him in the circumstances."Other fans rushed to the post at the time to share their well wishes.@AndyLv2012 wrote: "Sorry to hear about Alfie’s passing Simon but glad to celebrate a life well lived."@Alexfyam said: “So hard to say goodbye but the greatest gift we can give them is to let them go when they need to."@Paddy4LFC penned: “Heartfelt condolences to you & yours on the sad & tragic loss of a beloved pet & lifetime companion. RIP Alfie."Another wrote: "So hard to say goodbye but the greatest gift we can give them is to let them go when they need to."A third penned: "Heartfelt condolences to you & yours on the sad & tragic loss of a beloved pet & lifetime companion.

star Matt Altman's wife, Johanna Altman, was arrested earlier this month and charged with felony domestic violence.The Los Angeles County Sheriff's Department told ET on Wednesday that Johanna, 40, was arrested at 9:30 p.m. on Aug. 4.She posted bail, which was set at $50,000, and was released from LAPD Valley Jail in Van Nuys the following morning.

Anne Heche recalled telling Portia de Rossi not to pursue her ex-girlfriend, Ellen DeGeneres, during a 2021 episode of her "Better Together" podcast with Heather Duffy. In the YouTube video, Heche remembered how she "warned" de Rossi against beginning a relationship with the comedian. Heche and DeGeneres dated for three years before a public break up in 2000, where the actress suffered a mental health breakdown hours after the relationship ended.

Great American Family, formerly known as GAC Family, has just announced 15 new shows that are launching on the network.

Jennifer Maas TV Business Writer“The Sandman” is almost here to wake you up. Netflix released a new trailer for the TV adaptation of Neil Gaiman’s iconic graphic novel series during the show’s Hall H panel at San Diego Comic-Con Saturday.In the video, which comes just under two weeks out from the series’ Aug.

Jennifer Maas TV Business WriterAMC has finally set the premiere date and released the trailer for the final installments of “The Walking Dead.”The eight remaining episodes of the 11th and final season of the long-running zombie series will begin airing Oct. 2 on AMC.

Netflix have announced they will charge for password sharing in an additional five countries, as the streaming giant continues to crackdown on the practice.Today (July 22), news broke that Netflix have asked customers in five more countries – Argentina, El Salvador, Guatemala, Honduras and the Dominican Republic – to pay additional fees if they are sharing their password with viewers outside of their household. The additional fees vary between countries but users can expect to pay no more than an additional US$2.99.According to IGN, the extra cost won’t affect the use of the streaming service from mobile devices.

Jennifer Maas TV Business WriterThe “Severance” team is hard at work writing Season 2 of the critically acclaimed Apple TV+ drama — so hard at work that they need to avoid fan theories in order to properly carry out the task of telling the Innies and Outies of the second season as they envision them.“I was warned not to go on Reddit, on the subreddit for this show, at all. And I held off for about six minutes and then I went on and I was just on it every day.

Jennifer Maas TV Business WriterFunko is still looking to take its beloved Pop figures to the screen — but potentially a smaller one than fans first imagined.While Warner Bros. Animation has been reportedly developing a Funko Pop feature film since September 2019, the company’s new CEO now says the project could potentially turn into a streaming series.“When you look at some of the Disney+ content, like ‘The Mandalorian’ and these great tentpole streaming shows, I think we’d be happy with either a movie or a streaming show,” CEO Andrew Perlmutter told Variety during an interview at the mega-sized Funko booth on the San Diego Comic-Con exhibition floor during Wednesday’s preview night activities.

Netflix boss reckons streamers will have killed off traditional telly in just 10 years.Co-CEO Reed Hastings has declared that “linear TV” is headed for extinction thanks to the get-what-you-want-now generation of new online TV services.He made the prediction despite the streamer recently haemorrhaging a million subscribers, mostly due to the cost of living crisis.READ NEXT: Instagram adds new hidden posts you have to pay to seeMr Hastings said: “It’s definitely the end of linear TV over the next five to 10 years.“And, as Nielsen will announce on Thursday, our share of US TV viewing reached an all-time high of 7.7% in June (versus 6.6% in June 2021), demonstrating our ability to grow our engagement share as we continue to improve our service.”Netflix reported a loss of about 970,000 subscribers in the last quarter.The streamer insisted it was a “better-than-expected” result.There had been a projection it faced losing around two million users in the three months between April and July as living costs surge.Netflix’s stocks also plummeted by about 37% in April.Hastings said: “We’re talking about, you know, losing one million instead of losing two million so you know our excitement is tempered.”The subscriber losses reported by the company on Tuesday are the biggest in its 10-year history.It reported the highest numbers of cancellations, around a million, in America US and Canada.It was followed by a loss of a smaller number of subscribers in Europe.This was offset by a gain of over one million customers in the Asia/Pacific region.Hastings said execution “really well on the content side”, with “lots of titles”, had still led to “lots of viewing”.He pointed to the new series of Stranger Things as one of the company’s biggest

Netflix executives see content spending of about $17 billion in 2021 lingering there for the next several year through 2023.

The economics of Netflix’s forthcoming ad-supported tier will be more favorable than those of its primary ad-free one, one senior executive indicated during the company’s second-quarter earnings interview.

Coming off a better quarter than anticipated, Netflix founder Reed Hastings today was showing some swagger and a lot of thanks to the first part of the latest season of Stranger Things.

The recent pink-slipping of hundreds of employees cost Netflix a bundle, with more likely to come.

Netflix is moving further into the world of animation with the acquisition of Australian studio Animal Logic.

Netflix said it’s targeting an early 2023 launch for a cheaper advertising tier as it seeks to stem subscriber losses and hopefully turn them back up. It will roll the plan out in a handful of markets first but didn’t say which ones.

Jennifer Maas TV Business WriterNetflix reported its second-quarter 2022 earnings Tuesday, revealing it lost 970,000 subscribers during the three-month period that included the launch of the first part of “Stranger Things” Season 4. While that’s obviously a hit, it’s much less of a hit than Netflix had forecast.The streamer had projected a net loss of 2 million streaming subscribers for the second quarter, which spans April 1-June 30, following a surprise decline of 200,000 in Q1 (which included the loss of 700,000 Russian customers after exiting the country over the invasion of Ukraine).Netflix revealed in its Q2 letter to shareholders it currently has 220.67 million subscribers globally is expecting to return to gains in Q3, projecting an addition of 1 million subs from July 1-Sept.

Jennifer Maas TV Business WriterUTA has found a new investor in the private equity firm EQT, which has purchased a minority stake in the Hollywood agency from Investcorp.Under the transaction, which is expected to close later this month, “UTA partnership and leadership continue to hold the controlling interest in the company, with EQT becoming the largest outside shareholder,” per the companies.The deal between UTA and EQT comes on the heels of the close of the game-changing merger between CAA and ICM, to of the “Big Four” Hollywood agents, along with UTA and WME.“EQT is the perfect partner for UTA’s next phase of growth,” UTA CEO Jeremy Zimmer said. “They have deep international capabilities, a strong balance sheet, and most importantly they truly appreciate and respect the culture that we have built at UTA.

Netflix will reveal its financial results from the second quarter on Tuesday afternoon, and the outcome is expected to set the tone for one of the most anxious and uncertain earnings seasons in years.

Jennifer Maas TV Business WriterHBO and HBO Max chief content officer Casey Bloys has re-upped his deal for another five years, Variety has confirmed.Bloys extended his pact with the WarnerMedia brands, which are now owned and operated by the newly formed Warner Bros. Discovery, around the same time that he landed his new boss, WBD CEO David Zaslav, 140 Emmy nominations for HBO and Max programming combined.The re-signing of Bloys also comes as Warner Bros.