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Netflix Chief Doubles Down on Streamer’s Dealmaking Terms and Limited Theatrical Release Strategy
Netflix co-CEO Ted Sarandos doubled down on the streamer's cost-plus deal terms for TV and films despite speculation that a major shift is afoot.
During Netflix’s Q3 video conference call, Sarandos addresssed head-on the recent industry chatter about the streamer implementing a big change in the financial terms of its standard licensing deals for series and movies. Despite eye-popping upfront fees paid to top creative talent, the loss of annuity-like income from successful TV shows and movies has hit Hollywood hard in the pocketbook. After unveiling strong Q3 results and delivering a promise of low double-digit growth in 2025, Sarandos wasn’t shy about pointing out the benefits of the Netflix platform for Hollywood storytellers.
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