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During a recent interview with CNBC, House of Cards producer and Relativity Media president Dana Brunetti said that Netflix is “overvalued” and is currently occupying a space that is “really going to get crowded.” Brunetti’s negative comments follow a recent legal dispute between the platform and his struggling film studio.
The producer, who had also worked on The Social Network and Fifty Shades of Grey, added, “I’m also talking about people that I work with, so I got to be careful,” in reference to his House of Cards credit. Relativity Media is currently suing Netflix for $1.2 M in legal fees incurred as a result of Netflix’s recent suit against them. Netflix claimed that despite the studio’s recent bankruptcy, the terms of their contract should have allowed them to proceed with streaming two films including Masterminds starring Zach Galifianakis.
In other news…
Speaking of Netflix… Netflix CEO Reed Hastings and Chief Content Officer Ted Sarandos both showed no signs of being worried about Hulu’s planned live television streaming service. Hastings stated “We haven’t seen impact from existing Hulu [services]” and Sarandos stated “They’re in the business of selling their content to the highest bidder,” during a conference call this week. [Deadline]
Netflix has acquired the streaming rights to Spain’s “Pieles” (Skins) as part of their continued efforts toward global expansion. Bearing one striking similarity to Preacher, the Eduardo Casanova feature debut is produced and directed by Alex de la Iglesia and follows the story of a girl with a hyper-realistic anus for a mouth. [Variety]
Microsoft has launched a new business-facing streaming service that seems to take some cues from YouTube. Named Microsoft Stream, the new platform allows Office 365 Business users to upload and share VOD content with other users, at least during its current initial preview phase. [Tech News Today]
Netflix has unveiled an official series poster for its forthcoming Marvel original series, Luke Cage. The powerful image depicts Luke Cage clenching his fist, ready to fight for justice. All new episodes will premiere on September 30:
Michael is a music and television junkie keen on most things that are not a complete and total bore. You can follow him on Twitter — @Tweetskoor
