Netflix News?

Netflix News?

by Daniel Nussbaum15 Oct 2015

http://www.breitbart.com/big-hollywood/2015/10/15/netflix-news/

Netflix executives hinted Wednesday that the streaming giant could take on a new challenge in the next couple of years: getting into news programming.

In a video conference after its (disappointing) Q3 earnings call, Netflix CEO Reed Hastings and chief content officer Ted Sarandos discussed the possibility of the company moving into more news-oriented programming, in the vein of HBO’s Emmy-winning Vice series.

In fact, Hastings specifically mentioned Vice in a question he posed to Sarandos:

“What’s the likelihood that we compete directly with Vice in the next two years?” Hastings asked.

“Probably high,” replied Sarandos.

Despite the possibility of a “Netflix News-“type outfit, a spokesperson for the company told Variety that it has no plans to get into the live reporting and news programming business.

Still, a move into news could challenge the youth-oriented Vice, which has been very successful both with its HBO programming as well as its various online outfits.

“On the news side, we are definitely being more adventurous about the genres we are going into,” Sarandos added.

Netflix stock fell sharply in after-hours trading Wednesday after the company reported missing its revenue and subscriber forecasts in the third quarter. However TechCrunch reports that the company has mostly rebounded from its slide.

TechCrunch 

TechCrunch was acquired by AOL Inc.

 Note: Frank J. Caufield was a director at AOL Inc., is a co-founder for Kleiner Perkins Caufield & Byers, and a director at Refugees International.

Foundation to Promote Open Society was a funder for Refugees International, the International Rescue Committee, the Aspen Institute (think tank), the Brookings Institution (think tank), the Roosevelt Institute, the New America Foundation, and the Climate Reality Project.    

George Soros was the chairman for the Foundation to Promote Open Society, is director emeritus for Refugees International, Jonathan Soros’s father, and the founder of Soros Fund Management.

Colin L. Powell is a strategic adviser for Kleiner Perkins Caufield & Byers, an overseer for the International Rescue Committee, and Michael K. Powell’s father.

L. John Doerr is a general partner at Kleiner Perkins Caufield & Byers, a trustee at the Aspen Institute (think tank), an executive council member for TechNet, and a director at Google Inc.

Michael K. Powell is a trustee at the Aspen Institute (think tank), Colin L. Powell’s son, and was a director at AOL Inc.

Ted Sarandos is a fellow at the Aspen Institute (think tank), and the chief content officer for Netflix Inc.

TechCrunch was acquired by AOL Inc.

John S. Chen was an executive council member for TechNet, a trustee at the Brookings Institution (think tank), and is a special adviser for Silver Lake.

Charles H. Giancarlo is a managing director for Silver Lake, and was a director at Netflix Inc.

Silver Lake Kraftwerk Fund is a fund for Silver Lake.

Soros Fund Management is a partner with the Silver Lake Kraftwerk Fund.

Jonathan Soros was the deputy chairman for Soros Fund Management, is George Soros’s son, a senior fellow at the Roosevelt Institute, and a director at the New America Foundation.  

Quentin Schaffer is a governor for the Roosevelt Institute, and the EVP for HBO.

Eric E. Schmidt is the chairman of the New America Foundation, the chairman for Google Inc., was a funder for the New America Foundation, and a 2008 Bilderberg conference participant (think tank).

Albert A. Gore Jr. is a senior adviser for Google Inc., the chairman for Climate Reality Project, and a partner at Kleiner Perkins Caufield & Byers.

Kleiner Perkins Caufield & Byers is an investor in Google Inc.

Frank J. Caufield is a co-founder for Kleiner Perkins Caufield & Byers, a director at Refugees International, and was a director at AOL Inc.

TechCrunch was acquired by AOL Inc.

Michael K. Powell was a director at AOL Inc., is a trustee at the Aspen Institute (think tank), and Colin L. Powell’s son.

Colin L. Powell is Michael K. Powell’s father, an overseer for the International Rescue Committee, and a strategic adviser for Kleiner Perkins Caufield & Byers.