Netflix’s Skydance deal will help satisfy “a lot of appetite” for animation, says co-CEO Ted Sarandos

Netflix’s Skydance deal will help satisfy “a lot of appetite” for animation, says co-CEO Ted Sarandos

Netflix’s multi-year deal with Skydance Animation, which moved from Apple TV+, “helps complement our work with original animated films,” said co-CEO Ted Sarandos.

Extensive collaboration with third parties “really helps us” “maintain that scale as we grow,” the CEO said in an interview with the company about its third-quarter results. Animation as a subset of the overall content mix has become increasingly important in recent years, with co-founder and CEO Reed Hastings first drawing public attention to it when he led Netflix as CEO. As for Disney, Hastings said in 2021 that executives were “very excited to bring them into family animation and maybe at some point they’ll succeed, we’ll see.”

However, Hastings and Sarandos both admitted that everything in the animation world happens at a more deliberate pace than the rest of their activities. The connection to the Skydance pipeline could provide a boost here. As Deadline first reported, Skydance and Apple have decided to part ways over animation due to strategic differences, with Skydance retaining control of the film. Bewitched. The film will show on Netflix in 2024, followed by Pooko until 2025.

RELATED: Netflix raises prices on some plans in US, UK and France

“It’s a very long development and production cycle,” Sarandos said. “Sometimes it can take ten years to make a really great animated film. And as you know, we move pretty fast. … No company has actually released more than two animated films in the same year.”

In the entertainment landscape “there’s a lot of appetite,” Sarandos said. “If you look at the top 10 features since Nielsen started tracking movie release, there are seven animated movies. We are committed to this part of the business and do so through a combination of licensing, partnerships and original production.”

RELATED: Netflix promises ‘a more conventional model’ for CEO compensation amid shareholder discontent

Netflix was recently released Nimona and is about to debut from Aardman Animation Chicken Run: Dawn of the Nugget and the voice of Adam Sandler Lion.

Skydance Animation, whose big feature was for Apple Happiness in the summer of 2022 will be led by former Pixar and Disney animation chief John Lasseter.

RELATED: Netflix Says No ‘Core Change’ to Live Sports Strategy Despite Completing Its First Golf Tournament

Source: Deadline

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Trending

Related POSTS