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Tag: Monsters: The Lyle and Erik Menendez Story

  • Netflix boasts eye-watering viewing figures

    Netflix boasts eye-watering viewing figures

    MUMBAI:  Netflix, the streaming behemoth that enjoys reminding us all that it was first to the party, has revealed its subscribers collectively frittered away a staggering 94 billion hours watching content between July and December 2024. One can only imagine how many unwritten novels, unlearned languages, and unvisited gymnasiums those hours represent.most watched films

    The company, displaying its customary selective transparency, proudly announced that the comedy caper Carry On topped its film charts with 137 million views. Curiously, Netflix neglected to convert this figure into actual viewing hours—perhaps calculating the true extent of global procrastination proved too depressing even for its data analysts.

    Union (131 million views) and Rebel Ridge (129 million) followed closely behind, with Beverly Hills Cop (97 million) and Our Little Secret (81 million) rounding out the top five films that kept humanity from more productive pursuits.

    On the series front, to absolutely nobody’s surprise, Squid Game continued its cultural stranglehold with its second season amassing 87 million views. The Perfect Couple (which, ironically, describes Netflix’s relationship with its audience’s leisure time) secured 75 million views, while Monsters: The Lyle and Erik Menendez Story drew in 70 million viewers with its cheery subject matter.

    most watched shows

    Meanwhile, Emily in Paris continues to defy both critics and cultural cringe in its fourth season, with 58 million views suggesting that viewers simply cannot get enough of watching an implausibly employed American navigate the treacherous waters of croissants and couture. Nobody Wants This completed the top five with 57 million views—a title that clearly doesn’t apply to the show itself.

    The streaming giant’s announcement serves as both a flex of its market dominance and a gentle reminder that we’re all spending far too much time staring at screens. Nonetheless, with numbers like these, Netflix executives are likely too busy counting their subscribers to worry about counting sheep at night.

    (While like millions of others globally, we too are fans of Netflix and probably contributed a few thousand hours to Netflix’s 94 billion hours, we decided to write this piece in a fun,  almost irreverent manner, just like the content Netflix offers. Cheers!)

  • Asia Pacific region leads in Netflix Q3 2024 results

    Asia Pacific region leads in Netflix Q3 2024 results

    MUMBAI: The Asia Pacific region is shining for Netflix. At least as far as net subscribers additions  (net paid adds) are concerned.  The region at 2.28 million net adds in Q3 calendar year 2024 was the topmost contributor. It was followed by  2.17 million net adds in Europe, middle east and Africa (EMEA) and 0.69 million net adds  in the US and Canada.  Latin America saw a shaving off of 0.07 million net adds during the period. This was revealed by the global streaming giant in its  latest financial performance report on Thursday in the US. 

    Overall, that totted up to five million net paid sub adds in the latest quarter, giving the streamer 282.7 million subscribers globally. It also helped increase its revenue to $9.8 billion  – a 15 per cent rise over the corresponding quarter of the previous year. Net income also showed improved to $2.3 billion.  

    The company said it was working on  improving its  product/market fit in APAC and it had a strong local content slate in Japan, Korea, Thailand and India in Q3. As a result, its  revenue growth rate in APAC (19 per cent growth year on year) led all regions.  The  revenue growth figures for the other regions were: US & Canada and EMEA  (16 per cent – 10 per cent growth in average paid members and five per cent growth in average revenue per member) and Latin America (nine per cent). 

    “..(We are)…increasingly seeing a steady drumbeat of hit titles from countries around the world,” said Netflix co-CEO, president & director Gregory Peters, during an earnings call with investment analysts. “…you’ve got Japan. You’ve got Korea. You’ve got Thailand. You’ve got India. This represents, again, that decade-plus investment in those creative communities, working with local storytellers there and making sure that they have the capability to tell their stories in a compelling way. So that’s super exciting and we expect to see more of that.”

    Among the shows and films from APAC  which did well in the quarter included: Tokyo Swindlers  from Japan (10.5 million views) and Culinary Class Wars from South Korea (11.0 million views),  Officer Black Belt  (South Korea, 32.8 million views), and Maharaja (India, 22.6 million views).

    Netflix revealed that it streams around 200 billion hours of content yearly and that engagement continues to be healthy at about two hours per day per paid membership on average, despite the impact of paid sharing.  That is only expected to go up with the push into live streaming of the WWE  for 52 weeks, the Mike Tyson-Jake Paul fight (15 November), and the NFL in December.

    Peters said that “it’s worth noting that our share of viewership in even our biggest countries is still less than 10 per cent of TV time. So we look at this as there’s a huge opportunity to grow that share by.. invest (ing) more in our slate, continue (ing) to improve the variety and quality of our offering.”

    Additionally, it is continuing its push into the ad based free subscription service which grew 35 per cent in term of number viewers getting into it. This is being done through refining the tech in its back end platform , increasing the number of viewers signng up for it and coming up with new formats for advertising.

    On the content front , Netflix  Ted Sarandos said that Q3 had some big hits: Perfect Couple, Monsters: The Lyle and Erik Menendez Story, and Nobody Wants This.

    He added that “we’re really excited about our Q4 slate because it’s filled with great big titles from the U.S., from Brazil, from Korea, from the U.K., from Germany…. Carry-On, Piano Lesson, Spellbound, Six Triple Eight, Emilia Pérez.  So when we look forward into 2025 and beyond, we want to build on that success So our 2025 slate, I look at that as another ambitious step towards this push to make us even greater for our members. 
    So looking into 2025, you’ve got new seasons of our biggest shows: Wednesday, Squid Games, Stranger Things, on top of new shows from Shonda Rhimes and Ryan Murphy, a new Knives Out film from Ryan Johnson, Guillermo del Toro’s Frankenstein, even the return of Happy Gilmore. So we could not be more excited about where we sit right now and where we’re heading.”