![]() ![]() Meanwhile, Knives Out 2 - the next chapter of the whodunit franchise from director Rian Johnson and star Daniel Craig, for which Netflix hammered out a $469 million deal in March 2021 - is set to bow in the fourth quarter of this year. Gray Man, starring Ryan Gosling and Chris Evans in a $200 million-plus budgeted film directed by Avengers: Endgame duo Anthony and Joe Russo, will hit select theaters July 15 before bowing on the service July 22. On Netflix’s earnings call, Sarandos pointed to “big event films” like The Gray Man and Knives Out 2 as a way of driving sub growth. ![]() And the streamer remains in the acquisitions game, as evidenced by the recent $50 million-plus deal for the Emily Blunt thriller Pain Hustlers. “The goal will be to make the best version of something instead of cheapening out for the sake of quantity,” says one insider. Expect to a see a more subtle change - instead of making two movies for $10 million, as an example, the company will make one for $20 million. Also, bigger doesn’t necessarily mean more $150 million movies. “They were overstaffed with executives,” says this insider. Another insider concurs, saying the output will be reduced, lessening the need for so many execs. “Small movies are not going to go away,” says one insider, but they could become more niche and cater to a passionate audience. Just over the last few months, things like Don’t Look Up and Red Notice and Adam Project, as examples of that.” But what this “bigger, better, fewer” directive means is unclear to those inside and outside the company. “Today, we’re releasing some of the most popular and most watched movies in the world. “Just a few years ago, we were struggling to out-monetize the market on little art films,” Netflix co-chief Ted Sarandos told analysts on the company’s April earnings call. A good portion of cuts have wiped out the family live action film division, and the original independent features division, which made movies in the under-$30 million budget range, has also seen its ranks cleaned out.Īs it moves forward, Netflix wants to focus on making bigger movies, making better movies, and releasing fewer than it previously did at a gluttonous pace. TV and other parts of the company have taken their hits, but a pointed focus is the features division. The company, in response to Wall Street, has taken cost-cutting measures such as axing more than 150 employees, or 2 percent of its workforce. How 'Marvel's Moon Girl and Devil Dinosaur' and 'My Dad the Bounty Hunter' Break Ground for Black Families in Animation ![]()
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