Netflix Rescues Arrested Development ; Who'll Rescue Netflix?

Netflix, which has been sharply criticized by some analysts for taking on content deals that threaten to break its back financially, is taking on another one. This time it's the revival of the long-ago-canceled comedy series Arrested Development . Netflix said over the weekend that it plans to make an unspecified number of new episodes available to subscribers of its streaming service beginning in 2013. A news release said that it was partnering with 20th Century Fox TV in the series' revival, but terms of the deal were not disclosed. The Wall Street Journal 's AllThingsD.com website said that Netflix has been "noodling" with the strategy of reviving canceled shows that have a continuing online following and extending the life of ones with avid niche audiences that are about to be canceled. It said that Netflix chief Reed Hastings now wants to create an online version of HBO, "stocked with stuff you can't get anywhere else." Netflix content chief Ted Sarandos said in a statement over the weekend " Arrested Development is one of the finest American comedies in TV history and its return through Netflix is a perfect example of how we are working closely with studios and networks to provide consumers with entertainment they love, The unanswered question is whether such a strategy will attract enough new subscribers to cover the costs of production and generate a profit for Netflix and Fox. Several analysts have estimated that Netflix's content costs for its streaming service now exceed revenue by more than 2-1. Moreover, veteran media analyst Eric Wold of B. Riley & Co. has sent a note to clients saying that he believes Netflix's recent missteps will result in the loss of 4.7 million subscribers, representing $445 million in annual rental revenue. He predicted that a substantial number of those subscribers will be switching to kiosk operator Redbox.

21/11/2011


Contactmusic

Tags: Arrested Development - Example - HBO - The Deal - Wall Street

Advertisement

More Arrested Development

Arrested Development, Billy Ocean And The Dunwells Among The Diverse Line-Up For Hop Farm Festival 2014

The return of Kent's Hop Farm Music Festival was an expectedly diverse affair, with day three (July 6th 2014) mixing it up with an array...

Will Arnett Hints At Even More Arrested Development From Netflix

Will Arnett's G.O.B. Bluth is one of the integral character's in the recently revived cult comedy series Arrested Development, and any further AD episodes would...

'House of Cards' Heralds New Era of TV with Emmy Nomination

How do you stop piracy? Do you offer up exclusive content, only available on physical purchases? Do you appeal to the box-set culture, or do...

Primetime Emmy Award Nominations: Will Netflix Triumph With 'Arrested Development'?

The Primetime Emmy Award nominations will be announced on Thursday (18th July). Speculation surrounding the awards is high, with Netflix's Arrested Development predicted to triumph....

Advertisement

'Arrested Development' Spurs Illegal Download Flurry

Arrested Development has spurred a development that could get people arrested. It’s also landed us the award for ‘most laboured pun’, which we’re pretty happy...

Arrested Development – Back to Its Best?

You’ve all probably binge-watched Arrested Development now, haven’t you; you consumer-obsessed bunch of popcorn eating, sleeping-bag-clad television addicts. But was it back to its best?It’s...

Welcome Back, Arrested Development Stars Will Arnett and Jason Bateman Pick Fight At Premiere

Yes, the peeps of Arrested Development are cool on screen and off. Or at least we like to think so. The show will finally be...

Can The Upcoming Arrested Development Series 4 Meet Fans' Expectations?

Arrested Development makes its long overdue return to our screens this Sunday (May 26) and after seven years of waiting, the main question people are...

Advertisement

Comments

Arrested Development Newsletter

Subscribe to this news alert service to receive news and reviews on Arrested Development

Unsubscribe | Unsubscribe All