Netflix Saved by 'Stranger Things'

07/20/22 • 54 min

The Netflix Q2 2022 subscriber numbers are in! And... huh. No splat. What does the lack of a collapse — but not exactly successful April through June quarter — indicate about the state of the streaming business at the midway mark of 2022?Hosts Janice Min and Richard Rushfield are joined by Ankler contributor Sean McNulty, writer of the daily morning newsletter The Wakeup to dive into the numbers beneath the headlines, including increasing clouds on the U.S. horizon, what the picture looks like in Q3, and what to expect from the rest of the streaming service subscriber reports to come in the weeks ahead.

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Previous Episode

Rep. Karen Bass: What I'll Do For Hollywood

Today’s Ankler Hot Seat podcast brings a special guest: six-term congresswoman and Los Angeles mayoral candidate Karen Bass. Mail-in ballots following the June 7 California primary have pushed Bass past her main rival — real estate billionaire Rick Caruso — with 43.1 percent of the vote compared to Caruso’s 36 percent. With a runoff underway, Peter Kiefer spoke with Bass about how allegiances in a local race have drawn uncharacteristically large attention from entertainment’s A-list to C-suites. What would a Bass win mean for Hollywood? (She notes that “Sony, Fox, Amazon, Apple — they are all in my congressional district”). As for Caruso’s support from pockets of the industry? “I know he is close friends with Ted (Sarandos). And I think he went to college with Bryan (Lourd). I don’t know what his relationship is with Snoop,” she says, laughing. As for purported beef with Kamala Harris, Gavin Newsom’s lack of endorsement, and that Scientology speech she gave (“I would never go back again”)? We get into all of that and more. For a full transcript of today’s conversation, click here.

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Next Episode

Streaming's New Bad Omen

Earnings season is underway, and everyone should be taking notice of Snapchat’s dismal performance (and Twitter’s that followed). The tech company’s stock took a 27 percent nosedive immediately after reporting shocking ad sales declines. That portends a bleak near future for every ad-dependent entity — including Netflix and the streaming services increasingly pivoting to advertising to save the day. Is the chill temporary or is a new ice age afoot? Janice Min, Tatiana Siegel and The Wakeup’s Sean McNulty break it down. Also: Yellowstone is TV’s biggest hit, but Hollywood isn't rushing to replicate its success. And TCA scraps its in-person event and goes virtual. Is it really about Covid — or just a convenient excuse?

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