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Hollywood Guilds

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entertainment2 years ago

"Netflix Unveils Comprehensive Viewing Data, Including Popular Titles like The Night Agent and Queen Charlotte"

Netflix has released viewership data for 99% of its catalog, covering about 18,000 titles worldwide, in a report called "What We Watched." This move aims to provide deeper insights into audience preferences and resonate with creators and the industry. The data includes any title, original or licensed, that was watched for at least 50,000 hours in the first half of 2023. The report marks a significant step towards transparency in streaming data, addressing concerns raised by Hollywood guilds. However, the report's methodology differs from Netflix's own Top 10 lists, as it measures hours viewed rather than "views." The top-ranking title in the report was The Night Agent, with 812.1 million hours of viewing. Netflix emphasizes that success is not solely determined by hours viewed but also by audience satisfaction and the economic viability of a title.

via Deadline|
#entertainment#hollywood-guilds#netflix
business2 years ago

The Cost of Guild Deals: Media Industry Turmoil and Netflix's Advantage

Moody's Investors Service predicts that agreements with three Hollywood guilds, including the recently ratified DGA deal and eventual settlements with the WGA and SAG-AFTRA, will cost big media companies an additional $450 million to $600 million per year. The strike by two unions highlights the challenges faced by studios in the streaming era, as they try to mitigate the decline of linear TV and demonstrate profitability in the streaming ecosystem. Movie theaters and broadcast television networks are most at risk, while global streaming platforms like Netflix and major studios with diverse production and strong balance sheets are least vulnerable. Moody's expects the strike to be temporary but anticipates higher costs for all producers and distributors, potentially impacting subscription growth and churn rates.

via Deadline|
#business#hollywood-guilds#media-companies
entertainment2 years ago

Max Rebrand Causes Confusion and Controversy for Writers and Directors.

Warner Bros. Discovery's new streaming service, Max, faced criticism from top Hollywood guilds for lumping together writer, director, and producer credits instead of individually listing them. The Directors Guild of America and the Writers Guild of America West issued a joint statement condemning the "creator" credit, calling it a "grave insult" and a "disturbing trend." Warner Bros. Discovery apologized for the oversight and promised to correct it, but the incident hit a nerve for the guilds at a tense moment in the industry, with writers on strike and directors in negotiations for a new contract.

via The Associated Press|
#director-credits#entertainment#hollywood-guilds