Ted Sarandos


Obamas enter the TV business via partnership with Netflix

Former US President Barack Obama and his wife Michelle Obama have unveiled plans to make films and TV series with Netflix. The Obamas have established a company called Higher Ground Productions as the entity through which they will produce content for Netflix. Under this banner, they will produce a mix of content, including scripted series, […]

Netflix ups originals spend to 85% of content budget

Netflix’s originals budget continues to grow with roughly 85% of its new content spend now going towards its own programming, according to chief content officer Ted Sarandos. Speaking at the MoffettNathanson Media and Communications Summit in New York, Sarandos (pictured) said that Netflix is shooting original programming in 17 different countries and confirmed that it […]

Netflix reaches 125m subs with revenue surge for Q1

Netflix added a record number of first quarter subscribers and grew its streaming revenues by 43% year-on-year in what was another sterling three-month period for the online video giant. Netflix said it added 7.41 million members in the first quarter – 1.96 million in the US and 5.46 million internationally. This was up 50% compared […]

Barack Obama in talks to produce Netflix shows

Former President Barack Obama is set to produce a series of high-profile series for SVOD service Netflix. According to the New York Times citing people familiar with the situation, Obama is in “advanced negotiations” with the streamer. Signing a former president would arguably be Netflix’s biggest ever coup, eclipsing big bucks agreements with the likes […]

Ryan Murphy exits Fox for exclusive $300m Netflix deal

Netflix has pulled off perhaps its biggest production coup to date by prising US super-producer Ryan Murphy away from Fox through an exclusive US$300 million deal. Over recent weeks, rumours have rumbled on that SVOD giant Netflix would sign Murphy (pictured), who is known for series such as American Horror Story and Glee, to bolster its original programming […]

Netflix raises further $1.6bn for content spend

Netflix has announced plans to raise US$1.6 billion from investors, a week after the SVOD giant said it plans to spend US$7 billion to US$8 billion on content in 2018. Netflix will raise the cash through a bond offering, with the senior notes due to mature on April 15, 2028, unless earlier repurchased or redeemed. […]

Netflix taps DreamWorks creative head for kids role

Netflix has hired DreamWorks’ Melissa Cobb to lead its kids and family content team. As vice president, Cobb will oversee the creation and acquisition of series and films for children and families. She will report to chief content officer Ted Sarandos. Cobb will lead an expanded focus on high quality series and event programming across […]

Netflix CFO defends $6bn content spend

Netflix financial chief David Wells has claimed Netflix’s multi-billion dollar content spend is the key factor in the international SVOD service’s subscription growth. CFO Wells reiterated Ted Sarandos’ recent admission Netflix would spend US$7 billion on shows – mostly original content such as Narcos (pictured) – in 2018, and has said spending US$20 million an hour on […]

Shonda Rhimes ditches ABC for Netflix

Grey’s Anatomy creator Shonda Rhimes is bringing her Shondaland production company to Netflix under a multi-year deal to produce new series and other projects. Rhimes’(pictured) range of dramas including Scandal, How to Get Away with Murder and Grey’s Anatomy already stream on Netflix in various regions. The shows also air in the US on ABC […]

David Letterman makes his return on Netflix

David Letterman, who retired his long running show The Late Show in 2015, is returning to television for a new Netflix series. The yet-to-be-named, six-episode series will premiere in 2018. It will see Letterman combine in-depth conversations with top names and “in-the-field segments expressing his curiosity and humour”. In each hour-long episode, Letterman will conduct […]