Logo of Phnom Penh Post newspaper Phnom Penh Post - Netflix wields big Hollywood guns for new production push

Netflix wields big Hollywood guns for new production push

Content image - Phnom Penh Post
Netflix office building in Hollywood, California. Netflix has an A-list roster of actors for a new slate of film and TV series this year. AFP

Netflix wields big Hollywood guns for new production push

Netflix has enlisted an A-list roster of actors for a new slate of film and TV series this year, with several potential blockbusters on deck as the US giant battles to retain its lead in the fiercely competitive streaming market.

An armada of more than 80 films including widely anticipated works from star directors is planned for 2022, accelerating the firm’s push into exclusive content production, executives announced at a Paris press conference Thursday.

Netflix has already muscled its way into the Hollywood echelon, most recently with Don’t Look Up and the gothic Western The Power of the Dog, which is leading the pack of Oscar contenders with 12 nominations.

But the company has seen subscriber growth stall in recent months despite knockout hits like the macabre South Korean series Squid Game, as viewers are tempted by rival offers from Apple, Amazon, HBO and others.

This year will see its first super-production, The Gray Man, an action thriller starring Ryan Gosling that will be directed by the Russo brothers behind Captain America: Winter Soldier and other Marvel superhero movies.

Daniel Craig, fresh from hanging up his svelt James Bond suits, will star in a sequel to Knives Out, this time trying to crack a case in Greece, while Guillermo del Toro will finally get to release the Pinocchio announced nearly four years ago.

Charlize Theron, Ana de Armas, Asa Butterfield, Jamie Foxx, Henry Cavill, Tilda Swinton and Adam Driver are among the barrage of stars set for other comedies, dramas, horror and family offerings.

Overseas productions that have often proved to have global appeal haven’t been forgotten, with 25 releases set for France for example and already 20 more in production.

Overall Netflix is investing 200 million euros ($220) in the French audiovisual industry this year, of which around 40 million euros to produce 10 films that will also be released in cinemas.

The company did not provide an overall figure of its planned production investments this year.

In January, Netflix reported net profit of $607 million for the fourth quarter on revenue of $7.7 billion, and warned that subscriber growth was likely to slow again in the coming months.

The company said it had a total of 221.8 million subscribers, a number that failed to meet analyst expectations.


  • All Covid restrictions for inbound travellers lifted

    Cambodia has apparently taken the final step towards full reopening of the country without Covid-19 restrictions by removing all requirements for inbound travellers, who until now had to show health certificates indicating that they have tested Covid-19 negative in the past 72 hours as well as

  • Typhoon Noru brings flash floods – 16 dead

    An official warned that that the 16th typhoon of the season, Noru, had brought heavy rains to areas the Mekong River and flooded thousands of homes in the provinces bordering Thailand. As of September 27, the death toll from the flooding had risen to 16. National Committee

  • Cambodia stands firm on 5PC: No invite for Myanmar to ASEAN Summit this year

    Cambodia has not invited Senior General Min Aung Hlaing, chairman of Myanmar’s ruling State Administration Council (SAC), to the 40th and 41st ASEAN Summit and related meetings scheduled for next month in Phnom Penh. The government will instead invite a non-political representative from Myanmar

  • Mushrooming borey projects and home financing – a cause for concern?

    A spurt in housing developments is typically a sign of a growing economy but underneath all that might lay some anxiety of credit growth as developers offer financing to buyers at higher rates, an activity the central bank identifies as ‘shadow banking’ Earlier this year,

  • Thai Senate delegates in Cambodia to discuss anti-graft co-op

    A delegation from Thailand's Senate was in Phnom Penh on September 28 to meet their Cambodian counterparts to discuss strategies for fighting corruption and enhancing cooperation. The Thai delegates were from its Senate’s Committee on Studying and Inspecting Corruption, Misconduct and Strengthening Good Governance. They

  • Scholarship winner tells secrets to success

    Chhim Chaknineath was awarded the Chevening Scholarship for one year of postgraduate study in the UK for the academic year 2022-2023 along with a group of 10 other outstanding students who applied. She spent more than a year researching and studying – as well as consulting with