Netflix CEO just proved why streaming movies ARE NOT Oscar worthy! Netflix Not “Trying To Build A Theatrical Business”

[geechiedan]

Netflix Not “Trying To Build A Theatrical Business”, Says Reed Hastings; Sanguine Co-CEO Agrees ‘Glass Onion’ Release Left A Lot Of Money On The Table

Here’s another bucket of cold water for the budding romance between Netflix and exhibitors.

Founder and co-CEO Reed Hastings fully, almost happily, agreed that his company left lots of money on the table with the limited release and booming ticket sales of Glass Onion: A Knives Out Mystery over Thanksgiving weekend. He has no problem with that at all. “It’s a promotional tactic for the streaming service,” Hastings told the New York Times DealBook conference in NYC. “We are not trying to build a theatrical business.”

He said the streamer’s “two religions” are “customer satisfaction” and “operating income.” The Knives Out sequel in theaters was a tool “so more people watch it on the service.”

The streamer’s latest release was an unprecedented collaboration with AMC Theatres, Regal and Cinemark. It creates buzz, as in – “Everyone is talking about Glass Onion, and on Dec. 23 the whole world will get to see it!”

Co-CEO Ted Sarandos has also tried to downplay hopes that Netflix is reassessing its relationship with exhibitors in a significant way.

Netflix Not “Trying To Build A Theatrical Business”, Says Reed Hastings; Sanguine Co-CEO Agrees ‘Glass Onion’ Release Left A Lot Of Money On The Table

The booming success of 'Glass Onion: A Knives Out Mystery' was purely a promotion took, the streamer's co-CEO said at a conference today.

deadline.com

A flat-screen is a TV no matter how big it is and/or decked out your mancave is.

Shows and movies on streaming NETWORKS are tv shows and glorified MOWs (movies of the week...remember those). As such they shouldn't be considered for the same awards as theatrically released motion pictures.

That's what emmys and golden globes are for. Dude just confirmed it with his statement.

Engarde mofos!


@playahaitian @Shaka54 @fonzerrillii @Piff Henderson

 

[blackbull1970]

Interesting…

 

[Complex]

He's an idiot

It's a reason HBO Max and Disney + have totally changed how they operate

More people aren't going to sign up for Netflix for one or two movies. The people who already have it are the ones you need to keep. Instead of paying $200 for some of these action movies that would have sucked at the movies, they could have split that into 4 , 6 or 8 quality products.

That being said, Glass Onion is really good and better than the first IMO, but nobody is going to sign up to Netflix for one good movie every year.

 

[Piff Henderson]

At end of the day consumers just want something entertaining to watch. How many really gives a shit if it's up for an award or what award it gets? It's pointless to most people. No onevis going change their opinion about The Wire just because it didnt win any award.

 

[geechiedan]

At end of the day consumers just want something entertaining to watch. How many really gives a shit if it's up for an award or what award it gets? It's pointless to most people. No onevis going change their opinion about The Wire just because it didnt win any award.

THEATERS MATTER!!!

 

[Piff Henderson]

THEATERS MATTER!!!

You own a cinema franchise don't you?

 

[Helico-pterFunk]

I pray for quality theatrical releases daily.

 

[geechiedan]

You own a cinema franchise don't you?

a nigga put money in movie pass stock!!

 

[Piff Henderson]

a nigga put money in movie pass stock!!

Were you on that AMC bandwagon too?

 

[crossovernegro]

If it's good it's good....and in a lot of cases it doesn't matter if it's on a 46 inch flat-screen or on a giant theater screen.


In some cases it does (top gun type shit) of course, but for example.... Good Will Hunting... there's absolutely nothing different in seeing it on my TV now as opposed to when I watched it on a theater screen in the 90's.




.

 

[Piff Henderson]

If it's good it's good....and in a lot of cases it doesn't matter if it's on a 46 inch flat-screen or on a giant theater screen.


In some cases it does (top gun type shit) of course, but for example.... Good Will Hunting... there's absolutely nothing different in seeing it on my TV now as opposed to when I watched it on a theater screen in the 90's.




.

Geechie has a vested interest in the cinema industry surviving and thriving. He's not an unbiased reporter here.

 

[World B Free]

 

[xxxbishopxxx]

He's an idiot

It's a reason HBO Max and Disney + have totally changed how they operate

More people aren't going to sign up for Netflix for one or two movies. The people who already have it are the ones you need to keep. Instead of paying $200 for some of these action movies that would have sucked at the movies, they could have split that into 4 , 6 or 8 quality products.

That being said, Glass Onion is really good and better than the first IMO, but nobody is going to sign up to Netflix for one good movie every year.

I think streamers are low key okay with folks signing up a month here and there for a quick cash grab. Some money is better than no money.

As to Knives Out 2, a good chunk of the audience maybe willing to sign up in December just to see it. Of course the argument will be the missing box office receipts. However, Netflix receives a 100% of the subscription fees vs splitting ticket sales with theaters

 

[tallblacknyc]

He's an idiot

It's a reason HBO Max and Disney + have totally changed how they operate

More people aren't going to sign up for Netflix for one or two movies. The people who already have it are the ones you need to keep. Instead of paying $200 for some of these action movies that would have sucked at the movies, they could have split that into 4 , 6 or 8 quality products.

That being said, Glass Onion is really good and better than the first IMO, but nobody is going to sign up to Netflix for one good movie every year.

This is why comedies, series, films with lower budgets, and older content is being copped and put on various streaming services..it’s about lots of content

 

[Helico-pterFunk]

This is why streaming Netflix, Disney Plus, and HBO Max keeps getting more expensive

This is why your Netflix subscription keeps going up.

www.theverge.com

 

[Helico-pterFunk]

Ben Affleck slams Netflix ‘assembly line,’ vows quality films from his studio

“I would have said, ‘How are we going to make 50 great movies? How is that possible?’ There’s no committee big enough.”

nypost.com

 

[geechiedan]

If it's good it's good....and in a lot of cases it doesn't matter if it's on a 46 inch flat-screen or on a giant theater screen.


In some cases it does (top gun type shit) of course, but for example.... Good Will Hunting... there's absolutely nothing different in seeing it on my TV now as opposed to when I watched it on a theater screen in the 90's.




.

its the principle here...netflix (and all streamers) want to have it both ways....they want big boy theatrical movie consideration when its convenient or in the case of the Oscars for the prestige. But then they say well no we're not in the theater business again when its convenient. All I'm saying is if youre going to make movies for the theaters then put it in theaters. Keep it in theaters for longer than the 2 week or so minimum and let the chips fall where they may.

Otherwise streamers are more like a hybrid between HBO and CBS on steroids... and not like Paramount Pictures or Universal Studios.

 

[yaBoi]

to me not a smart move

putting movies that you are already producing in theaters is like free money

 

[gene cisco]

This is why streaming Netflix, Disney Plus, and HBO Max keeps getting more expensive

This is why your Netflix subscription keeps going up.

www.theverge.com

I was a cord-cutter when folks thought it was crazy back in 2010. Back then, everyone was eating. Netflix was reasonable, owners were getting paid from Netflix, and there was peace in the land. Greed fucked everything up. As usual, consumers LOSE. As stated in the article, "ad-based services"are the end game.

So it will be cable, but worse -- and folks will pay for it because that's what mindless consumers do.

 

[tallblacknyc]

I was a cord-cutter when folks thought it was crazy back in 2010. Back then, everyone was eating. Netflix was reasonable, owners were getting paid from Netflix, and there was peace in the land. Greed fucked everything up. As usual, consumers LOSE. As stated in the article, "ad-based services"are the end game.

So it will be cable, but worse -- and folks will pay for it because that's what mindless consumers do.

The only way consumers lose if they keep acting like free streaming don’t exist..all these shows and movies have been free to see for decades.. it’s like having free gift card with mad money on them and yet nigs still decide to pull out their wallet and pay how sway.. internet been free take advantage.. I don’t have Netflix, Disney, peacock none of that shit but I can easily see everything on 1 streaming platform.. let’s not even talk about sports.. I’ve been so spoil by free streaming of sports I don’t know what it’s like to not be able to not see any game.. I remember when ny only had 2 choices to watch giants and them wack ass jets.. now I can see any fucking game..I’m never going back to regular tv life.. cord cutter for over a decade and till the rest of time

 

[MistaPhantastic]

I like going to the theater to see movies.
Its not the same experience as it is at home.
Not everything needs a big screen release, but big screen releases are needed.

 

[EPDC]

I only go to the theaters maybe twice a year now... And only when I'm dragged to it. I could happily not go to the movies ever again.

Home theater > Movie theater

 

[gene cisco]

The only way consumers lose if they keep acting like free streaming don’t exist..all these shows and movies have been free to see for decades.. it’s like having free gift card with mad money on them and yet nigs still decide to pull out their wallet and pay how sway.. internet been free take advantage.. I don’t have Netflix, Disney, peacock none of that shit but I can easily see everything on 1 streaming platform.. let’s not even talk about sports.. I’ve been so spoil by free streaming of sports I don’t know what it’s like to not be able to not see any game.. I remember when ny only had 2 choices to watch giants and them wack ass jets.. now I can see any fucking game..I’m never going back to regular tv life.. cord cutter for over a decade and till the rest of time

Remember 20 plus years ago with Napster, etc? I remember thinking that buying music was on its way out. Yet here we are. People paying for music still. Can have a library of thousands of songs, but they still pay.

Most people ain't you. They ain't me. They will just blindly consume. And I'm glad they do. Because if all these creatures got seedboxes or weren't paying, the heat would be on. Average consumer will continue to pay like they weigh. So, they will lose.

Just be thankful your fellow Americans are fat, lazy bastards with their wallets open. I am.

 

[wwetv100]

This is why comedies, series, films with lower budgets, and older content is being copped and put on various streaming services..it’s about lots of content

It is why the WWE is making so much money now compared to their old model that had much more popularity too.

WWE took another huge step into the mainstream, agreeing to deal with Fox reportedly worth $1 billion

Multiple reports on Monday indicated that WWE and Fox have agreed in principle to a deal that will bring "SmackDown Live" to the network possibly worth $1 billion over five years.

www.businessinsider.com

WWE had their own streaming network basically bought out for NBC Peacock, while having Fox pay a billion dollars for the smackdown brand.

Their weekly programming without any breaks and their vast catalog with their history and other wrestling leagues has made Vince's company (despite him being ousted basically*he still has major shares though) a goldmine. This without them having the sheer pop culture resonating that they had when stars like Hulk Hogan, Andre, Piper, Ventura, Warrior, Savage, Rock, Austin, and Taker around.

Might WWE’s Peacock Deal Foreshadow A Broader Future With NBCUniversal?

NBCUniversal increasing its spending on WWE content has led to speculation about a possible sale.

www.forbes.com

Exclusive Report: NBC And Others Discussing To Buy WWE | Slice Wrestling

slicewrestling.com

 

[tallblacknyc]

Remember 20 plus years ago with Napster, etc? I remember thinking that buying music was on its way out. Yet here we are. People paying for music still. Can have a library of thousands of songs, but they still pay.

Most people ain't you. They ain't me. They will just blindly consume. And I'm glad they do. Because if all these creatures got seedboxes or weren't paying, the heat would be on. Average consumer will continue to pay like they weigh. So, they will lose.

Just be thankful your fellow Americans are fat, lazy bastards with their wallets open. I am.

I’m a realist I always know dumb consumers are gonna exist.. they are needed in the realm of biz.. I just wish more people got smarter in certain genres of products just to force certain biz to make better products.. consumers got so dumb that biz started half assing a lot of shit or gotten extremely greedy upping the price on certain items.. if overall intelligence was used lot of prices could get knock down and better products would be made.. that is all I’m about a better overall experience for the consumer.. but if I can’t get that luxury I’ll just utilize various outlets to get products free, cheaper or just don’t support certain companies

 

[geechiedan]

 

[geechiedan]

 

[TIMEISMONEY]

I guess he must stand when watching movies in theaters

 

[geechiedan]

 

[Ceenote]

Who the fuck is that dude he is with?

 

[xxxbishopxxx]

Who the fuck is that dude he is with?

That's his wife. The chick that played the daughter (grandaughter) of Kate Winslet's character in Titanic. That's how they met.

Before you say anything else, just remember how much dude has made since Titanic and how much of that he will have to pay out if a divorce is initiated. I'm not sure if he has a prenup with her.

He's been married a few times, so probably tired of divorcing at this point.

 

[Ceenote]

That's his wife. The chick that played the daughter (grandaughter) of Kate Winslet's character in Titanic. That's how they met.

Before you say anything else, just remember how much dude has made since Titanic and how much of that he will have to pay out if a divorce is initiated. I'm not sure if he has a prenup with her.

He's been married a few times, so probably tired of divorcing at this point.

Man i thought that was some trans dude he was with... damn that bish ugly as fuck!! He proly like men n shit.,so she is perfect!!