Tag Archives: Ted Sarandos

Continue your boycott! Netflix loses subscribers; shares drop

Christians and Conservatives’ boycott of Netflix is having an effect!

Kaylee Greenlee reports for The Daily Signal that on Wednesday, July 17, 2019, Netflix’s quarterly report shows a loss of 126,000 domestic paid subscribers — its first in eight years — compared with analysts’ expectations for a 352,000 gain. Netflix also missed its own forecast for global subscriber growth by 2.3 million.

Before the release of the shareholders report, Netflix’s shares were up more than 35%. Now, the stock will open at its lowest price since January.

Not coincidentally, the dip in subscriptions came in the same quarter as Netflix’s decision to oppose Georgia’s pro-life heartbeat bill, which was signed into law by Gov. Brian Kemp (R), on May 7. Set to go into effect on Jan. 1, the law will impose restrictions on abortion after a fetal heartbeat can be detected.

Georgia Governor Brian Kemp

On the day of the bill’s passage, Gov. Kemp said he is standing by his promise to implement the “toughest abortion bill in the country” and that “Georgia is a state that values life. We stand up for those who are unable to speak for themselves.”

Following the bill’s passage, Netflix’s chief content officer Ted Sarandos told Variety that Netflix will work with the ACLU and others to “fight it in court,” and that “Should it ever come into effect, we’d rethink our entire investment in Georgia.”

See “Netflix joins fight against Georgia’s abortion law

At the time, Lila Rose, 30, president and founder of the pro-life nonprofit Live Action, tweeted her opposition to Sarandos’ comments:

“Half the country is pro-life. The vast majority want abortion limits. Netflix’s pro-abortion views are regressive and don’t belong in a civilized, loving society. Wake up, Netflix. Many of your employees, customers and America are increasingly pro-life.”

Commenting on the drop in Netflix’s domestic subscription, Rose said: “When Georgia passed the Heartbeat bill, Netflix threatened to stop doing business in the pro-life state. Thousands of pro-life customers expressed their outrage.”

According to MarketWatch, Netflix CEO Reed Hastings said no single factor led to the subscription shortfall, but that a pricing increase, the quarterly content slate and seasonality were all factors. Eric Haggstrom, eMarketer forecasting analyst, said Netflix was hurt by the defection of lower-priced subscribers who may be looking to jump to a wave of competing services over the next 6 to 18 months.

Netflix characterized Q2 as a momentary blip and projects a strong third quarter, with 7 million paid subscriber additions worldwide. A shareholders report also tried to put a positive spin, stating that Netflix’s “U.S. paid membership was essentially flat in Q2, [but they] expect it to return to more typical growth in Q3.”

H/t Big Lug

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~Eowyn

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Netflix joins (sort of) fight against Georgia’s abortion law

Never had Netflix…never will.

From Hollywood Reporter: Netflix says it will fight a controversial abortion law in Georgia and may “rethink” its operations there should the law go into effect.

The company’s statement on the law is a rare public stance from one of the industry’s heavyweights; major studios have thus far remained silent on the legislation, which would ban abortions after the detection of a fetal heartbeat — which can happen as early as six weeks into pregnancy.

“We have many women working on productions in Georgia, whose rights, along with millions of others, will be severely restricted by this law,” Netflix chief content officer Ted Sarandos said in a statement.

“It’s why we will work with the ACLU and others to fight it in court. Given the legislation has not yet been implemented, we’ll continue to film there — while also supporting partners and artists who choose not to. Should it ever come into effect, we’d rethink our entire investment in Georgia.

Thanks to generous state tax credits, Georgia has become a hub of film and TV production and employs some 90,000 people in the state. Since Gov. Brian Kemp signed the fetal-heartbeat bill May 7, at least two productions — Amazon series The Power from Reed Morano and Kristen Wiig and Annie Mumolo’s Lionsgate feature Barb and Star Go to Vista Del Mar — have said they will relocate their productions. Producers including David Simon, Christine Vachon, Mark Duplass, Neal Dodson and Nina Jacobson and Brad Simpson have also said they will steer clear of the state for future productions.

Others, including J.J. Abrams and Jordan Peele (HBO’s Lovecraft Country) and Imagine’s Ron Howard and Brian Grazer (Netflix film Hillbilly Elegy), have said they will continue filming in Georgia but make donations to groups fighting the law.

“We stand with Stacey Abrams and the hardworking people of Georgia and will donate 100 percent of our respective episodic fees for this season to two organizations leading the charge against this draconian law: the ACLU of Georgia and Fair Fight Georgia,” said J.J. Abrams. “We encourage those who are able to funnel any and all resources to these organizations.”

See also:

Garbage: “Chilling Adventures of Sabrina” underage orgy scene on Netflix

Netflix ‘Insatiable’ TV series mocks Christianity with young girls pleading for sex with Jesus and Holy Spirit

Netflix twists ‘Anne of Green Gables’ into a queer soirée with 5 LGBT characters

Demonic: Netflix airs ‘Salute to Abortion’; Presbyterian priest blesses PP abortion clinic

DCG

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