Netflix Cancels Marvel’s Daredevil for Season 4

Acclaimed Marvel series Daredevil will not be returning to Netflix for a fourth season. Despite garnering critical acclaim and fans globally, the show has been cancelled by Netflix. But there is some respite for its followers. According to a report by Deadline, Daredevil’s remaining seasons will be streamed on Disney’s own, soon-to-launch streaming service.

Before Daredevil, Marvel shows previously cancelled on Netflix include Iron Fist and Luke Cage. “Marvel’s Daredevil will not return for a fourth season on Netflix,” Netflix told Deadline. “We are tremendously proud of the show’s last and final season and although it’s painful for the fans, we feel it best to close this chapter on a high note…We’re thankful to our partners at Marvel, showrunner Erik Oleson, the show’s writers, stellar crew and incredible cast including Charlie Cox as Daredevil himself, and we’re grateful to the fans who have supported the show over the years,” it added.

Now the only two Marvel TV series that remain on Netflix are Jessica Jones and The Punisher. While Netflix is yet to announce anything concrete with regard to their future on the streaming site, it seems likely that all Marvel productions will now shift base from Netflix to Disney’s streaming service.

For those wondering about the future of the existing three seasons of Daredevil, you need not worry as Netflix told Deadline that the first three seasons of the show will remain on the streaming site for posterity.

“While the series on Netflix has ended, the three existing seasons will remain on the service for years to come, while the Daredevil character will live on in future projects for Marvel,” Netflix said.

Netflix to make series on Roald Dahl books

Netflix Inc said it will adapt celebrated British children’s author Roald Dahl’s books such as “Charlie and the Chocolate Factory” and “Matilda” as animation series.

The streaming company said it signed an agreement with the Roald Dahl Story Co, but did not disclose the financial terms.

The other titles include “The BFG”, “The Twits” and “Charlie and the Great Glass Elevator”, Netflix said in a statement, adding that the production will begin in 2019.

The company, which had kept aside $8 billion to create original content in 2018, has already spent $6.9 billion on TV shows and movies by the end of its third quarter.

Netflix had 137 million subscribers to its movie and TV streaming service worldwide as of September end.

Netflix: Indians Pay more but get Less number of Movies compared to Japanese and Canadians

Although lower than major markets like the US, UK and European countries, video streaming platform Netflix is priced higher in India than 9 other countries, including Japan and Canada. According to a research report by Comparitech.com, Netflix’s India monthly subscription plan, which begins from Rs 500, is the 10th cheapest among a list of 24 countries.

A country-by-country comparison of Netflix subscription plans shows that the cheapest place to watch Netflix is Turkey. At a monthly cost of just $3.27, it is almost 60% cheaper than the US and UK. Turkey is followed by Argentina, Brazil, Japan, Mexico, Colombia and Canada. “In fact, on a cost-per-month basis, the US and UK don’t fare too well, with the US ranking as the 26th cheapest place and the UK as the 25th. This is probably due to Netflix using the US, UK, Canada et. all to subsidize its growth elsewhere,” the report said.

The size of the Netflix library also varies from country to country. Due to its extensive library of anime, Japan has the largest number of movies and shows — about 6,000.

India, on the other hand, gets about 5,000 Netflix titles, out of which about 3,500 are movies.

The subscription plan of Netflix, which has already made a profit of Rs 20 lakh in its second year of India operations, has been debated as two of its closest competitors — Amazon Prime Video and Hotstar — have much cheaper plans costing Rs 999 per year.

The world’s No.1 OTT platform, which has announced that it has no plans to lower subscription rates in India, is however going to test mobile-only plan in some countries like Malaysia. If the mobile-only subscription plan works out in India, then the entry-level subscription plan may automatically become cheaper. The existing basic plan for Netflix, priced at Rs 500 per month, allows a subscriber to watch movies and shows on laptop, phone, tablet and even TV.

Netflix India has 5 web series and a feature film scheduled soon for release. The web series comprises sports drama Selection Day co-produced by actor Anil Kapoor arriving in December; feminist drama Leila directed by Deepa Mehta, adaptations of books Midnight’s Children and Bard of Blood—the latter stars Emraan Hashmi and is co-produced by Shah Rukh Khan—and Baahubali:Before the Beginning, a spin-off of the iconic film franchise. A feature film called Rajma Chawal directed by Leena Yadav will also stream soon.

Mowgli, The Legend of the Jungle: Kareena Kapoor, Christian Bale, Anil Kapoor, Madhuri Dixit at the Screening

Andy Serkis directorial Mowgli: Legend of the Jungle begins streaming on Netflix from December 7. While the international voice cast of the film boasts of names like Christian Bale and Cate Blanchett, the Hindi cast has been chosen with great detail too. Anil Kapoor voices Baloo in the Hindi version of the film.

At the Hindi trailer launch of Mowgli: Legend of the Jungle, Anil discussed his process of giving voice to the character. “It was an honour for me that I was approached to do Baloo’s character and when I saw portions of the film, I found it was definitely more textured, more layered and definitely much more exciting.”

In the English version of the film, director Andy Serkis has voiced Baloo himself. Anil Kapoor found his work inspiring and shared that whenever he would feel stuck at any point, he would go back and listen to Andy’s version over and over again. “I have to be very honest that whenever I got stuck, I would hear his voice again and again and understand what he must be thinking while performing,” Anil shared.

Abhishek Bachchan was present at the trailer launch too. He voices Bagheera in the film while Christian Bale voices the same character in the English version. Bachchan shared that Serkis’ version is the most honest retelling of Kipling’s book. He shared that the appeal of the text is such that it works with every age.

“What’s wonderful about the story that Kipling wrote is that it appeals to every age group through time. When I was a kid in the early 80s and when we watched The Jungle Book (the animated Disney film), our favourite character was Baloo because he was the fun-loving guy and as a kid you like that. But as you grow older, your choices change and as an adult, you prefer a character like Bagheera because he represents certain responsibilities and values. So what’s really nice is that whatever stage of your life you watch this film or read the story, there is something for everyone. There’s great sense of values, morals, principles, learnings, teachings that you can imbibe and take away,” Abhishek said.

Mowgli: Legend of the Jungle is the first big Netflix film that hosted its premiere in India on Sunday. The films starts streaming on December 7.

Netflix Tests Cheaper $4 mobile-only Subscription plan in Malaysia

Netflix Inc is testing a mobile-only subscription plan in Malaysia priced at roughly half its current basic plan in the country, the global leader in video streaming said on Wednesday. Netflix’s mobile only plan costs just 17 Malaysian ringgit ($4.05) a month, compared to its Basic plan which costs 33 ringgit ($7.87).

The company declined to give additional details about which countries it was testing in.

Chief Executive Reed Hastings on Friday quashed speculation that the streaming video company would cut prices for the hotly competitive India market but other officials have suggested it could trial cheaper plans in small markets.

“We are testing to understand consumer interest in a mobile-only plan in some countries,” Netflix said in an emailed response to Reuters questions.

“Generally, we try out lots of new ideas at any given time, and they can vary in how long they last and who sees them. We may not ever roll out the features or elements included in a test.”

Research firm Statista estimates that Netflix has 132,000 subscribers in Malaysia, making it one of the smallest markets for the streaming giant.

Amazon prime Video, Netflix Sued over streaming Obscene content in India

The Delhi High Court Wednesday sought the Centre’s response on a plea seeking framing of guidelines to regulate the functioning of online media streaming platforms like Netflix and Amazon Prime Video.

A bench of Chief Justice Rajendra Menon and Justice V K Rao made it clear that it was not issuing notice on the petition but was only seeking the government’s response on the plea which also alleged that the online media streaming platforms show “uncertified, sexually explicit and vulgar” content.

The court listed the petition by NGO Justice for Rights Foundation for further hearing in February next year.

In its plea filed through advocate Harpreet S Hora, the NGO claimed that online media streaming platforms, that also include Hotstar, show content which is “unregulated and uncertified” for public viewing.

It claimed that television series like “Sacred Games”, “Game of Thrones” and “Spartacus”, shown on platforms like Netflix, contain “vulgar, profane, sexually explicit, pornographic, morally unethical and virulent” content which often “depict women in objectifying manner”.

It sought directions to the ministries of communication, information and broadcasting as well as law and justice to frame guidelines to regulate such platforms and the content they broadcast.

The plea has also sought an order to the ministries to direct the online platforms “to remove legally restricted content with immediate effect”.

Netflix’s Intensive Expansion in Asia; India Tops the Hitlist

Heading forth on its mission of increasing the customer base in Asia, Netflix accentuated the need to capture Indian market- the second populous country of the world after China. However, the digital streaming nascent has prioritized India over China as a productive ground for this streaming giant.

Asia’s young and increasingly digital population presents an “incredible opportunity” to ramp up the company’s international subscribers, Netflix’s chief content officer Ted Sarandos apprised media on Thursday.

The subscription in Asia has already surpassed the 58 million in the U.S. All in, the company has 137 million subscribers globally.

“We’re in our early, early days here in Asia,” Sarandos told CNBC’s Akiko Fujita. But he said the company has “very specific initiatives” for each of the territories within the region.

Chief among those will be India, Sarandos said. Over the next few years, Netflix hopes to leverage off the country’s proven appetite for video streaming and add 100 million subscribers in India alone.

“If you think about the opportunity, there’s about 450 million internet users in India and about half of them are watching video on YouTube and services like that, which makes for a very interesting, addressable market,” said Sarandos.

In targeting India, Netflix will come up against the likes of Amazon and Hotstar, which have both seen success in the country with their modestly-priced media streaming models.

To manage that, Sarandos said the company is looking at testing a variety of pricing models to position itself against competitors, both in India and elsewhere. But he also said the focus will be on adding more locally produced original content that resonates with audiences both domestically and internationally.

Netflix plans to produce 100 original projects within the region over the coming years.

“The exciting part about that is that we’re able to come in and produce locally, using local story-tellers, and tell those stories on a grand scale because we can find a global audience,” he said.

Sarandos added that there’s “no real target” in terms of the regions those projects will come from. However, he noted that the company does not plan to use such means to enter the China market in the near future.

“In general, I would say Netflix operating in China is a little way off,” said Sarandos.

Netflix has had some success in the country via a licensing agreement with iQiyi, a video streaming subsidiary of Chinese internet company Baidu, but the firm has not launched independent operations there.

“China’s tough for a Western media company to operate in and we’ve not been very active in the market at all — with the exception of licensing some of our shows into the market. And that’s going to be our strategy for a little while,” Sarandos explained.

Luke Cage Discontinued on Netflix!

After the long detainment of the show Iron Fist, Netflix has resolved to call quits to Marvel’s Luke Cage series.

The second season of Luke Cage, which features Mike Colter in the title role, debuted on the streaming giant’s platform in June this year.

“Unfortunately, Marvel’s Luke Cage will not return for a third season. Everyone at Marvel Television and Netflix is grateful to the dedicated showrunner, writers, cast and crew who brought Harlem’s Hero to life for the past two seasons, and to all the fans who have supported the series,” Netflix and Marvel Television said in a joint statement.

According to The Hollywood Reporter, the show was cancelled due to the creative differences and the inability to agree to terms for a third season of the show.

The first season of Luke Cage premiered in September, 2016 to positive reviews. The show’s season two had also received positive response from both the audience and the critics.

It is unclear whether the series will be revived for Disney’s own streaming service, which is expected to arrive in 2019.

Netflix stocks rises by 14%, Earning going strong in Q3

Netflix on Tuesday reported strong third-quarter earnings, sending the company’s stock up 14 percent as the streaming service saw a sharp upward turn from its dismal results three months ago.

The company added 6.96 million subscribers — beating analyst predictions of 5.1 million — and took in $4 billion (roughly Rs. 29,400 crores) in revenue, matching those analysts’ projections. Earnings-per-share were a solid $.089 (Rs. 6.5), well ahead of forecasts of $0.68,

The news is likely to restore investor confidence in the streaming service, which when reporting second-quarter earnings July had a shortfall of new subscribers in exceed of 1 million compared to analyst projections. The news broke a previous streak of five straight quarters in which subscriber growth exceeded expectations.

The July letdown sent Netflix stock plunging more than 10 percent, prompting some to speculate the company may have peaked.

But even at the time, analysts noted the company tended to follow a pattern of second-quarter dips follows by third-quarter surges; indeed, in the third quarter in 2016 subscriber numbers also rose after a second-quarter disappointment.

This year has continued that trend, with important caveats. Only about 1 million of the nearly 7 million new subscribers came from the US. Netflix has prepared for this, beefing up international programming and production as it approaches a ceiling in the United States. Still, the company tends to take in less revenue on overseas subscribers as it does American ones, reducing the relative value of international additions.

Overall, Wall Street continues to be enamored with the streaming service. The after-hours jump, to $346 per share, means the stock price has climbed nearly 70 percent since the beginning of the year. That stands in marked contrast to the last three months of 2017, when the share price was barely up 5 percent.