Ted Sarandos: Last News

committed to invest US$2.5billion on new South Korean TV shows and films.“[Korean content] is very often unpredictable and catches the American audience by surprise,” Sarandos said at the event, per Variety. “I think what’s brilliant is to see film, unscripted and series all grow according to the interests of our Korean audience.”He added that “great stories can come from anywhere and be loved anywhere [and] nowhere has this proven more true than here in Korea”, per Yonhap News Agency.Over the past two years, Netflix has released a number of hit Korean series and films, from the global phenomenon Squid Game, to the thrilling revenge series The Glory, to the reality TV series Single’s Inferno.Sarandos added that 60 per cent of all Netflix subscribers have watched at least one Korean title, while viewership of Korean content is up sixfold over the past half decade.During the event, the Netflix co-CEO also spoke about how the company is looking to use its US$2.5billion investment plan to “grow the industry” in Korea.

Rebecca Souw There’s more to Korean TV than a greenlit second season of “Squid Game” and Ted Sarandos, Netflix co-CEO, shed new light on what’s making the “Korean wave” worthy of large-scale commitment. After meeting with leading helmer Park Chan-wook (“Oldboy” and upcoming series “War and Revolt”) and 100 film students a day earlier, Sarandos on Wednesday held a public forum at Seoul’s Four Seasons Hotel on the future of Korean content. The abundant glad-handing follows a public commitment made in April to spend $2.5 billion on original Korean content over the next four years. “[Korean content] is very often unpredictable and catches the American audience by surprise,” said Sarandos at the event. “I think what’s brilliant is to see film, unscripted and series all grow according to the interests of our Korean audience.”

UPDATED, Day 46: After visiting many, many picket lines over the last month, we’ve learned that lots of pickets signs are reused for conservation purposes. And to that we say — screw the recycling. Bring on more of those sweet corporate burns!

Todd Spangler NY Digital Editor In a symbolic rebuke of Netflix’s top executives, company shareholders voted against approving the compensation packages of leaders including co-CEOs Ted Sarandos and Greg Peters. At the streamer’s June 1 annual shareholders meeting, investors failed to approve the proposed exec pay packages for 2023. But the vote was a non-binding “say on pay” measure, meaning Netflix’s board can disregard the result. The vote came after the WGA had urged investors to vote against Netflix’s exec compensation measures in a letter Tuesday. “While investors have long taken issue with Netflix’s executive pay, the compensation structure is more egregious against the backdrop of the strike,” WGA West president Meredith Stiehm wrote in the letter to Netflix shareholders.

Netflix shareholders declined to support a proposal affirming the pay packages for top executives during a vote at the company’s annual shareholder meeting on Thursday.

Anna Marie de la Fuente Latin American companies have descended on the 60th LA Screenings, mindful of the ever-shifting panorama in content distribution and production.  The ongoing writers’ strike is viewed by some as a boon for international content. Take what Netflix co-CEO Ted Sarandos said at the company’s first quarter financials report presentation when the writers’ strike was looming: “If there’s a strike — and we want to work really hard to make sure we can find a fair and equitable deal so we can avoid one — but if there is one, we have a large base of upcoming shows and films from around the world.” “The global market is finally realizing that Latin America, with almost 700 million inhabitants that speak the same language, is a territory that has a huge penetration in terms of OTT and – still – pay tv subscribers,” says Mexico City-based Manuel Marti, Fremantle’s head of scripted development, Latin America. “At the same time, it has a long history of producing local content with a distinctive genre that’s slowly being embedded into American culture via the 62 million Latinos that live in the U.S.,” he adds.

Colin Jost opened the PEN America Gala under the iconic model of a blue whale at the Museum of Natural History calling himself “a writer and a friend of writers” and “extremely fortunate to be here tonight surrounded by two things that might not be around much longer — writers and ocean life. This is the first time that a whale is not the most endangered thing in the room.”

Bob Chapek, Former CEO 2022 Chapek compensation: $24.2M/ -25.5% Bob Iger, CEO 2022Iger compensation: $15M/ -67.3% Median employee compensation: $54,256 Chapek pay ratio to median employee: 446 So long, Mr. Chapek! It was a rocky time atop the Magic Kingdom for the Disney chief, who was booted from his post in November just months after the company’s board renewed his contract. During Chapek’s tenure Wall Street soured on Disney’s spending on its streaming service, to say nothing of a near employee revolt over his stumbling response to Florida’s “Don’t Say Gay” law.

Brian Steinberg Senior TV Editor CBS is out; Netflix is in. Nothing encapsulates the tumult in television these days more than the fact that CBS, one of the pillars of network television, has decided not to attend the industry’s traditional upfront week — when media giants make glitzy programming presentations to prospective advertisers — while Netflix will make its debut. A year ago, when Netflix announced it would launch a subscriber tier supported by advertising, it was a seismic event in the history of the industry’s leading streamer. But so far, there’s been no quaking on Madison Avenue.

Ted Sarandos, who was set to receive the PEN America Visionary Award at the literary group’s gala next week in NYC, won’t be attending amid an ongoing strike and vigorous picketing on both coasts by the WGA.

Matt Donnelly Senior Film Writer Netflix co-CEO Ted Sarandos will no longer attend a gala meant to honor him next week in New York. The decision comes as labor issues grab headlines across Hollywood. Sarandos was set to accept the Business Visionary Award at the annual PEN American Spring Literary Gala, alongside fellow honoree Lorne Michaels and a host of literati including Chimamanda Ngozi Adichie, Susan Choi, Jennifer Egan, Min Jin Lee, Jay McInerney and Gay Talese. He’s skipping the event, to be held under the blue whale at the American Museum of Natural History, as many industry celebrations weigh how to address the writers strike. “Given the potential to disrupt this wonderful evening, I thought it was best to pull out so as not to distract from the important work that PEN America does for writers and journalists, as well as the celebration of my friend and personal hero Lorne Michaels. I hope the evening is a great success,” Sarandos told Variety in a statement.

BreAnna Bell Hannah Gadsby isn’t a one-trick-pony, and that point is driven home with their latest standup performance on Netflix, titled “Something Special.” The comedian is proving they’ve grown, revealing that this show is meant to show them “changing as life changes them.” Instead of the scrutinizing takes on celebrity culture for which they’ve become known, in “Something Special,” Gadsby offers a more positive outlook on life as they share personal stories about their new marriage to their partner, Jenney Shamash, and family anecdotes. But Gadsby’s growth hasn’t happened without controversy. After publicly criticizing Netflix and CEO Ted Sarandos for comedian Dave Chappelle’s anti-trans comments made in his 2021 special, “The Closer,” Gadsby went on to sign a multi-year deal with the streamer in the hopes that they would inspire positive change.

The first episode of “Queen Charlotte” features a dedication to Jacqueline Avant which might leave viewers scratching their heads.

Naman Ramachandran India is the fastest growing market market in the world for giant streamer Netflix and Monika Shergill, VP, content, for the country, has a clear plan to keep the trajectory going. “A healthy streaming business, according to us, has to be built on the strong fundamentals of engagement, where we are doing very well, and revenue and profit as a global service. We are a profitable service – in many of our markets, we are on the path to profitability,” Shergill told Variety. Earlier this year, Netflix co-CEO Ted Sarandos had said that content watching grew by 30% last year in India and revenue grew by 25%. In a subsequent earnings call, Sarandos addressed the importance of pricing in India, saying: “We’ve got to get pricing and the main payment methods right.”

Almost all late-night talk shows, from to, will cease production for likely the whole duration of the strike. During Monday's show, Colbert ran through a number of «news stories» from the future after explaining that the writers are «so important to our show… and this nation owes so much to unions.» As for, the NBC sketch comedy series will air reruns instead of producing new episodes, meaning that Pete Davidson's upcoming debut as host «canceled due to the writers’ strike.»One show that will air as usual is Greg Gutfeld's Fox News program,, which ET has learned «is not impacted by the strike.» With the 2023 TV premiere schedule already mapped out until the end of August, there will not likely be an immediate impact on any current programming rolling out over the next few months — especially most series that have already completed writing scripts on upcoming episodes. For example, «a source close to production [on ] tells that scripts on the hit show have been done for some time, and that filming on the second season won't be affected.»When it comes to Netflix, CEO Ted Sarandos has said, «We have a large base of upcoming shows and films from around the world.

Clayton Davis Senior Awards Editor Writer and comedian Adam Conover blasted David Zaslav, the Warner Bros Discovery CEO, during an interview with CNN on Tuesday, a company Zaslav also oversees. “David Zaslav, the CEO of Warner Bros. Discovery, the parent company of the network I’m talking to you on right now, was paid $250 million last year, a quarter of a billion dollars,” Conover said during his interview with CNN correspondent Sara Sidner. “That’s about the same level as what 10,000 writers are asking him to pay all of us collectively, alright. So I would say if you’re being paid $250 million — these companies are making enormous amounts of money. Their profits are going up. It’s ridiculous for them to plead poverty.”

Netflix has said it will invest $2.5BN in South Korean series, films and unscripted shows over the next four years.

Patrick Frater Asia Bureau Chief Global streaming giant Netflix has publicly committed to spending $2.5 billion (approx. KRW3.34 trillion) on South Korean film and TV production over the next four years. The total is double the amount it has spent in Korea since 2016, the company said. The promise was made by Ted Sarandos, co-CEO of Netflix, at a meeting in Washington DC with South Korean President Yoon Suk Yeol. “We were able to make this decision because we have great confidence that the Korean creative industry will continue to tell great stories. We were also inspired by the President’s love and strong support for the Korean entertainment industry and fueling the Korean wave. I’d like to personally thank the President for his kind response letter,” Sarandos said in a statement.

Three years after brutal Covid shutdowns, spring is in the air for cinemas with the box office blossoming and the economics of streaming looking muddy. Traditional studios are re-committing to theatrical, with Apple and Amazon on board. That’s the view from the perch of John Fithian, longtime president and CEO of the National Association of Theatre Owners, taking a final bow next week in Las Vegas at CinemaCon, the industry’s biggest annual event. He will formally pass the baton to Michael O’Leary on May 1.

jokingly unveiled a new “award show” during his closing monologue Friday evening, saying it’ll be better than the Oscars and Emmys because it’s dedicated to people brave enough to stand up against the cancel culture. He vowed to present the “Cojones Awards” — a golden statue of dangling testicles — each year moving forward for “outstanding achievement in growing a pair.”The first four honorees getting the “solid brass balls” were actor Ben Stiller, Netflix CEO Ted Sarandos, Trader Joe’s, and Cornell University.Maher said the idea came up a year ago when he and other A-listers were invited to the home of “a very prominent Hollywood producer” where he was asked to moderate a discussion about cancel culture.“The idea was met with great enthusiasm by everyone and in short order, different people were suggesting the ways that they’re very challenged to be put to use,” he recalled.“And then of course being Hollywood, nothing happened.

Todd Spangler NY Digital Editor Reed Hastings, who stepped aside as co-CEO of Netflix in January, and co-chief Ted Sarandos both saw double-digit increases in their compensation packages for 2022, with their total pay topping $50 million each. Hastings’ total pay last year was $51.07 million, $49.4 million of which was in stock option awards, up 25% from 2021, the streamer disclosed in its 2023 proxy statement Friday. Sarandos’ pay jumped 31.5% in 2022, to $50.3 million, comprising $20 million base annual salary, $28.5 million in stock options and $1.79 million in other compensation (including $1.43 million in residential security costs). In stepping down as co-CEO, Hastings will take a huge pay cut: For 2023, as executive chairman, he’s eligible to receive a $500,000 base salary plus $2.5 million in stock options, according to a Netflix 8-K filing with the SEC. In the co-CEO role, he stood to make $34.7 million this year, mostly in stock.