📺 Netflix Don Hammer With 9 Million New Subscribers For Third Quarter
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For inside di third quarter, Netflix don carry first as dem add nine million new subscribers, even with all di gbege wey Hollywood writers and actors cause wey make entertainment industry just dey like person wey dem pause. 🎥📝
As dem release am for earnings announcement on Wednesday, Netflix show say dem make revenue of $8.5 billion for this quarter. This one na 8 percent rise from di previous year. People dey reason say na because dem add more subscribers wey now reach 247 million around di world. 🌍📈
Di company get net income of $1.6 billion. This one rise by nearly 20 percent from last year. As we dey talk so, Netflix dey plan to spend about $13 billion on top content this year. This amount small pass di $17 billion wey dem spend before, all na because of di writers’ strike wey just end, and actors’ strike wey still dey happen. 💵🎬
Di big man for Netflix, Ted Sarandos, talk for earnings conference say dem wan settle di strike matter sharp sharp. But as everything take be, one demand wey di actors’ guild bring come out last week wan scatter everything. Sarandos talk say this demand na like tax wey no follow for viewing or success and e dey slow dem down. ⚠️🤦
For another mata, Netflix don talk say di price for di premium service wey no get ads go rise for US to $22.99 from $19.99. This price increase sef go touch Britain and France. This premium one fit work for four devices at di same time. But di standard service go remain $15.49, and e fit work for two devices. For di basic plan, price go increase go $11.99 from $9.99. 💸🇺🇸🇬🇧🇫🇷
People wey sabi book dey reason say dem raise this price to attract more people to di Netflix service of $6.99 wey get ads so dem fit make more money. But Mike Proulx, one vice president for Forrester Research, don write say customers wan see better thing for good price. And as e take be now, dem no dey get better value for their money. 🤨💡
Still on still, as TV business dey face wahala because production money high and advertisement market no too dey show, Netflix still dey carry front. One example na di series “One Piece,” wey na from one popular manga book, e blow for US and Japan. Another one be “Suits,” wey bin dey show for USA Network before e end like four years ago. 📚🇺🇸🇯🇵
Netflix sef talk say dem dey see chance to get correct shows to add join di ones dem don produce. All dis one good for di members and people wey get rights for di show. Dem also talk say show wey dem bring come like “Insecure” and “Ballers” dey show for Top 10 for inside HBO streaming service, Sarandos call am “di Netflix Effect.” 🎉🥇
Di company also reason say di money dem go make go drop small for di next quarter because dem wan spend more for advertising as dem wan release more movies and series like “The Crown” last season and big film “Rebel Moon.” For all di new films, big directors like David Fincher, Todd Haynes and Bradley Cooper don join hand. 🍿🎦
Netflix don also show say di number of people wey dey use di service with advertisement don rise by almost 70 percent. For di 12 countries where this kind service dey, 30 percent of new subscribers dey choose this cheaper option. And dem dey win well well as dem dey try stop people wey dey share password. 🔑🔒
Recently, Netflix stop some of their animation works and close two animation films wey never even start, as Variety talk am. But now we sabi why: Netflix and Skydance Animation don shake hands to work together from 2024. Skydance, wey Pixar former ogamadman John Lasseter dey run, go dey make animation films direct for Netflix. 🎨🎞️
“We dey happy with our animation success, but e take long time to produce,” na wetin Sarandos talk. E say no company don ever really release more than two animated films for one year well well. “This agreement with Skydance go help us do better,” e finish talk. 🤝🚀
NOW IN BLACK AMERICAN SLANG
Netflix Pullin’ In 9 Milli New Peeps This Quarter 🚀📺
Netflix been showin’ out, pullin’ in a smooth nine milli new subs this past quarter, even with all that drama from Hollywood writers and them actors causing a whole scene. 🎥📝
On Wednesday, Netflix dropped their earnings report, sayin’ they bagged $8.5 billion this quarter. That’s a solid 8 percent jump from last year. And guess what? It’s all ’cause they got way more folks signing up than they thought, now totalling to a wild 247 million worldwide. 🌍📈
Net income? We talkin’ $1.6 billion, a 20 percent jump from last year. Now, Netflix plan on droppin’ like $13 billion on new shows and movies this year. That’s a little less than before, ’cause of that writers’ drama and actors still beefin’. 💵🎬
Ted Sarandos, the big dog at Netflix, mentioned in the earnings talk how they tryna wrap up this whole strike situation. But then them actors came through with a new demand last week, and now stuff’s all complicated. ⚠️🤦
So, here’s the deal: Netflix’s top-tier, ad-free service? Price’s going up to $22.99 from $19.99. And yeah, they tweakin’ prices in the UK and France too. This premium package? You can watch on four devices at once. The regular plan stays at $15.49, and the basic? That’s going up to $11.99. 💸🇺🇸🇬🇧🇫🇷
Word on the street from these industry heads is that Netflix tryna get more folks on that $6.99 plan with ads to stack more green. Mike Proulx, big shot at Forrester Research, had something to say about it. He’s like, customers want that fire content without breaking the bank, you feel? 🤨💡
But even with TV biz having its own struggles, Netflix is still on top of their game. Shows like “One Piece” and “Suits” got mad love both here and overseas. And they’re lookin’ to get even more hit shows in the mix. 📚🇺🇸🇯🇵
Netflix is all about giving new shows a second chance, and that’s good news for everyone watchin’ and everyone makin’ those shows. 🎉🥇
Sarandos spilled some tea about shows like “Insecure” and “Ballers” doing big numbers on Netflix and then blowing up on HBO too. He’s callin’ it the “Netflix Effect” ’cause of how many people rock with them and their killer recommendation game.
Now, looking ahead, Netflix is prepping for some big moves, even if that means the money might look a little different. They got heavy hitters like “The Crown” and “Rebel Moon” by Zack Snyder coming through. Sarandos said this next stretch is gonna be straight fire, especially with new flicks from big names like Snyder, David Fincher, Todd Haynes, and my guy Bradley Cooper. 🍿🎦
Netflix also highlighted that more people are jumpin’ on the ad plan, with a crazy 70 percent rise. Plus, they’re finding ways to keep folks from sharing those passwords too much. 🔑🔒
Recently, Netflix had to make some moves in their animation game, even cutting some projects. But now we see the play: they’re teaming up with Skydance Animation, with the legend John Lasseter at the helm. Skydance gonna be dropping animated movies for Netflix starting 2024. 🎨🎞️
Sarandos wrapped it up saying they’re hype about their animated projects, but it’s a long game. He’s like, ain’t no company ever dropped more than two big animated movies in one year. With Skydance? They about to level up. 🤝🚀
NOW IN ENGLISH
Netflix Gains 9 Million New Subscribers in Third Quarter 🚀📺
In the third quarter, Netflix has taken the lead by adding nine million new subscribers, despite the disputes by Hollywood writers and actors that put the entertainment industry on a virtual hold. 🎥📝
As disclosed in their earnings announcement on Wednesday, Netflix reported a revenue of $8.5 billion for this quarter, marking an 8 percent rise compared to the previous year. The significant bump is attributed to the unexpected increase in subscribers, which now total 247 million globally. 🌍📈
The company posted a net income of $1.6 billion, reflecting an almost 20 percent ascent from the prior year. Currently, Netflix is projected to allocate around $13 billion for content this year. This figure is lesser than the $17 billion they spent earlier, primarily due to the writers’ strike that recently concluded, and the ongoing actors’ strike. 💵🎬
Ted Sarandos, a top executive at Netflix, mentioned during the earnings conference their firm resolve to resolve the strike issue promptly. However, a new demand raised by the actors’ guild last week seems to have thrown a wrench in the works. Sarandos commented that this demand, perceived as a kind of fee not associated with viewing or success metrics, is hampering their progress. ⚠️🤦
On another note, Netflix announced a price revision for its premium ad-free service in the U.S., hiking it to $22.99 from $19.99. Similar price adjustments will also be implemented in Britain and France. The premium subscription can be accessed on four devices concurrently. Meanwhile, the standard service price will hold steady at $15.49 and is available on two devices. For the basic tier, the cost will surge to $11.99 from $9.99. 💸🇺🇸🇬🇧🇫🇷
Industry analysts speculate that this price augmentation aims to draw a larger audience to the $6.99 Netflix service, which incorporates ads, thus boosting their revenue stream. But as Mike Proulx, a Vice President at Forrester Research, penned in a review, consumers are always on the lookout for exceptional content at a reasonable cost. By the looks of it, they’re not quite receiving the value they anticipate. 🤨💡
Yet, considering the television industry is grappling with escalating production costs and a lukewarm ad market, Netflix seems to be well poised competitively. For instance, the series “One Piece,” adapted from a renowned manga, gained traction in both the U.S. and Japan. Another feather in their cap is “Suits,” previously aired on the USA Network before concluding its run four years ago. 📚🇺🇸🇯🇵
Netflix also expressed their optimism about licensing more blockbuster titles to enhance their original content portfolio. This approach not only benefits the subscribers but also rights holders, affirming the renewed vigor a success on Netflix can usher in. 🎉🥇
Sarandos further elucidated that shows like “Insecure” and “Ballers” which premiered on Netflix have also made their way into HBO’s Top 10 streaming list for the very first time, a phenomenon he dubs as “the Netflix Effect”, owing to their expansive subscriber base and advanced recommendation system.
As the year progresses, Netflix anticipates a dip in net income in the upcoming quarter, attributed to the ramped-up marketing expenses linked to the slew of releases, including the much-anticipated final season of “The Crown” and Zack Snyder’s opulent sci-fi venture, “Rebel Moon.” Sarandos labeled the upcoming period as potentially their “most robust ever” on the cinematic front, spotlighting fresh releases from renowned directors such as Snyder, David Fincher, Todd Haynes, and Bradley Cooper. 🍿🎦
The streaming giant also highlighted that their ad-supported memberships have seen a staggering 70 percent surge. Furthermore, 30 percent of new sign-ups in the 12 countries where this ad-supported tier is available have opted for this more economical alternative. Netflix also proudly reported their successful strategies in curbing unauthorized password sharing. 🔑🔒
Recent decisions at Netflix led to trimming down their animation endeavors and halting two animation projects in their nascent stages, as revealed by a Variety article. The reason became evident when Netflix proclaimed their recent multi-year collaboration with Skydance Animation, spearheaded by the ex-Pixar supremo John Lasseter. With Skydance, previously associated with Apple, on board, the animation slate for Netflix is set to get richer from 2024 onwards. 🎨🎞️
“We’re ecstatic about our animation milestones, but the journey from conception to production is extensive,” remarked Sarandos. He noted the rarity of any single company successfully releasing more than two animated features in a given year. “This partnership with Skydance aims to amplify the work we’ve been doing,” he concluded. 🤝🚀
