Français | English | Español | Português

Germany Economy

Jobs markets in some of the eurozone’s largest members are taking different paths as the currency area’s economy slows, with Italy’s unemployment rate surging while Germany’s fell to a post-unification low. | 12/1/18
Ever wondered why the German economy is so robust? Small to medium-sized businesses specializing in essential but easily overlooked items deserve much of the credit, DW's Kate Ferguson believes. | 11/30/18
US Ambassador to Germany Grenell has welcomed German companies' decision to comply with US sanctions and stop business with Iran. Washington warned firms that do business with Iran that they could face repercussions. | 11/22/18
The Continent faces a confluence of economic and political crises after Germany’s growth disappointed and Italy defied calls to modify a populist budget plan. | 11/14/18
Germany is convinced that it should enable legal business relations with Iran and is checking how to protect companies affected by sanctions reimposed on Iran by Washington, a government spokesman said Monday.
The German chancellor has lauded the country's sustained economic growth and low unemployment. Angela Merkel was speaking in her first video message after announcing she would stand down as political party leader. | 11/3/18
The German chancellor welcomed 11 African leaders to Berlin to introduce them to the CEOs of Germany's biggest firms. Outside, protesters demanded Germany stop doing business with dictatorships across the continent. | 10/30/18

With HBO throwing in the towel on boxing, one of its biggest fighters is heading to online streaming.

Canelo Alvarez has signed a five-year, 11-fight deal with DAZN, the sports streaming service led by former ESPN president John Skipper. The company claims Alvarez’s deal is the richest sports contract for any athlete in history.

ESPN reported it’s for $365 million, which would surpass the 13-year/$325 million contract that baseball star Giancarlo Stanton signed with the Miami Marlins in 2014 (he’s since been traded to the New York Yankees). A representative for DAZN did not immediately respond to TheWrap’s request for clarification on the actual dollar amount of the contract.

Also Read: HBO to Throw in The Towel on Live Boxing Matches After 45 Years

The deal begins with the Dec. 15 bout at Madison Square Garden against Rocky Fielding for his WBA Super Middleweight World Title.

“We are thrilled to be exclusive partners with Golden Boy Promotions and Oscar De La Hoya,” said Skipper, DAZN Group Executive Chairman. “By bringing Canelo’s fights to DAZN, we will turn his pay-per-view success into a growth engine for subscribers – a truly transformational moment for our business and the entire industry.”

Skipper, who resigned from ESPN after 27 years last December, joined DAZN’s parent company Perform Group as executive chairman in May. DAZN was launched just two years ago, and made its U.S. debut earlier this year.

Also Read: Ex-ESPN Boss John Skipper Lands New Job

As part of the deal, Golden Boy Promotions — Alvarez’s management company led by Oscar de la Hoya — will put on up to 10 fights each year on DAZN beginning in 2019. The DAZN-Golden Boy deal includes a large production element, which places Oscar De La Hoya as executive producer of the live fight nights.

Alvarez and Golden Boy were one of HBO’s biggest boxing draws. In 2014, HBO pried Alvarez and Golden Boy away from rival Showtime in a huge exclusive deal. But last month, HBO said it would no longer feature live boxing matches beginning next year, which had a programming staple for 45 years.

The deal between Alvarez and DAZN in landmark in another way: It will take one of boxing’s biggest draws off Pay-Per-View, where the sport makes the most of its money. The fights will be available in all DAZN markets, including the United States, Canada, Italy, Germany, Austria, Switzerland and Japan. The service is available for $9.99 per month.

Related stories from TheWrap:

Floyd Mayweather Wants to Fight Manny Pacquiao Again; But Boxing Fans, Not So Much

Logan Paul and KSI Will Face Off in YouTube Boxing Match

'The Contender' Season 5 Host Andre Ward Says Boxing Competition Series Is as 'Real as It Gets' | 10/17/18

Fox has its own version of NBC’s “American Ninja Warrior,” picking up “Big Bounce Battle,” an obstacle course competition series based on a European format.

The reality competition series will be produced by Endemol Shine North America. Sharon Levy, DJ Nurre and Michael Heyerman will executive produce.

Originally created by Endemol Shine Netherlands and co-developed with Endemol Shine Germany for RTL, “Big Bounce Battle” features trampoline obstacle courses that contestants have to complete as fast as they can. The trampoline tracks become more difficult as the series progresses toward the final where the fastest contestant wins a cash prize.

Also Read: Fox Orders 9 More Episodes of 'The Resident' Season 2

The format made its debut earlier this year, under the name “Big Bounce — Die Trampolin Show,” on Germany’s RTL. TF1 has also commissioned a version of “Big Bounce Battle” in France.

“Big Bounce Battle” joins “Mental Samurai,” “Spin the Wheel” and “The Masked Singer” (also produced by Endemol Shine North America) is new unscripted formats picked up by Fox.

You can get a taste of “Big Bounce Battle” by watching the trailer for the German version below:

Related stories from TheWrap:

Fox Business and Saudi-Owned Al Arabiya Are Last Media Partners of Saudi Business Conference

'Lethal Weapon' Picked Up for 2 More Episodes at Fox With Damon Wayans

'This Is Us' Star Sterling K. Brown Signs Overall Deal With 20th Century Fox TV | 10/15/18
In theory, women can become anything they want in Germany, even the chancellor. But if you look closer, it is clear that few women ever get leadership positions in the country's business, political or media worlds. | 10/11/18
Germany slashed its economic growth forecast, invoking a shortage of skilled workers at home and global trade tensions aboard, a fresh sign that the European powerhouse is increasingly vulnerable to U.S.-China trade disputes. | 10/11/18
In Ukraine, oligarch Oleksandr Onyshchenko is a wanted man. For a while it looked like he'd find refuge in northern Germany. He promised investments and big equestrian games in return. But the plan didn't work out. | 9/18/18

“Never Look Away,” which debuted at the Toronto International Film Festival on Saturday after having its world premiere in Venice, might just turn the man with one of the most formidable names in the movie business, Florian Henckel von Donnersmarck, into a comeback kid.

Donnersmarck’s first feature, 2006’s brilliant “The Lives of Others,” scored an upset victory over “Pan’s Labyrinth” in that year’s Oscar race for Best Foreign Language Film, its win no doubt due to a rule that no longer exists in the category: In order to vote, you had to see all five nominees in a theater. Like the Oscar voters who picked it, nobody who saw it was likely to forget the quietly engrossing story of an East German Stasi agent drawn into the life of a couple he was surveilling.

Hollywood was impressed enough to come calling, but the director went from triumph to disaster. His English-language debut was the widely derided flop “The Tourist,” a laughable romantic thriller starring Johnny Depp and Angelina Jolie. That was in 2010, and Donnersmarck has been missing in action until now.

Also Read: Oscar Foreign Language Race Is On With Past Winners, Trans Teens and Troll Sex

As comebacks go, “Never Look Away” is a bold one. More than three hours long, it spans decades of German life, from the 1930s into the 1960s. It starts with a free-spirited aunt taking her young nephew to see an exhibition of “Degenerate Art” in Dresden in 1937 (that exhibit was actually mounted in 1933, but who’s keeping track?), and goes through the war and into the division of Germany, the era of Soviet influence and the building of the Berlin Wall.

But this isn’t really a movie about politics. It’s a movie about art, mostly, and by extension about love and life (and yes, politics) in Germany in the middle part of the 20th century. It’s a huge subject, and Donnersmarck tells it in a way that is slow, languid and ravishing, with cinematographer Caleb Deschanel casting a glow over good times and bad.

“You’re so beautiful it’s unromantic,” the lead character says to his love at one point. “It’s almost too easy to love you.” And in a way, “Never Look Away” is so beautiful it can be hard to love as well; a movie about so much bad stuff, you might think, shouldn’t be such a pleasure to watch.

Also Read: 'Life Itself' Film Review: Dan Fogelman's Roided-Out Tearjerker Is Darkly Satisfying

But the style of the film is completely in keeping with something the beloved Aunt Elizabeth (Saskia Rosendahl) tells her young nephew, Kurt Barnert (a fictionalized version of German artist Gerhard Richter, played by Tom Schilling): “Never look away. Everything that’s true is beautiful.”

She says this while playing the piano in the nude, the kind of behavior that gets her sent to an asylum and then, in an era in which the Nazis were determined to weed out the inferior, to a death camp. Kurt survives the war and becomes an art student in divided postwar Germany, where once again the only officially sanctioned art is propaganda, albeit propaganda supporting a different system.

He also falls in love with a young fashion student, Ellie (Paula Beer), unaware that her father is the doctor who sent his aunt off to be killed. Their love story runs through the rest of the film, but it’s less central than Kurt’s quest to find art that truly means something to him — to find a voice by looking back in a place and time where looking back is a perilous task.

Also Read: 'Sunset' Film Review: 'Son of Saul' Director Keeps His Characters, and Audience, Off Balance

It’s a subject close to the one that brought out the best in Donnersmarck in “The Lives of Others,” but this is a dramatically different film: bigger and slower, more ambitious but also more challenging. The film lingers on every moment — and when Kurt and Ellie flee East Germany and he gets into a prestigious modern art school in Dusseldorf, the film moves at a crawl as Kurt sits through lectures and tries to discover his voice.

The approach can be frustrating, but there’s an elegance and richness that sustains “Never Look Away” even when it becomes so enamored of ideas that its emotions start to feel like an afterthought. And in the end, Donnersmarck has it both ways: He’s sentimental and he’s provocative, a craftsman who has something to say and it going to take his time saying it.

Related stories from TheWrap:

Toronto Film Festival Organizers Commit to Gender Parity in Their Ranks

Will Oscar Season's Early Contenders Survive the Toronto Film Festival Onslaught?

Toronto Film Festival Market: Will Streaming Giants Spend Big Again and 5 Other Things to Watch | 9/9/18
Germany is an attractive business location that offers foreign professionals good jobs, according to a study on expat life. The huge drawback: People often don't feel at home here. It compares poorly on many counts. | 9/6/18
Qatar plans to invest billions of dollars more in Germany and will broaden its focus to the country’s medium-sized companies, business newspaper Handelsblatt said in a report due to be published Monday.
After his family fled Nazi Germany, he helped re-establish its business, dating to 1864, in New York. He also had a hand in rebuilding his native Dresden. | 8/29/18
Businesses have a last chance to give feedback on a proposal for additional tariffs on Chinese goods, and bankers in Germany discuss the threat to their business posed by technological change. | 8/26/18

Harvey Weinstein has been accused of rape in a new lawsuit filed Monday in the U.S. District Court Central District of California, Western Division.

The accuser, a woman described as a resident of Germany, said in her lawsuit that the disgraced mogul raped her in 2006, in a hotel room at the Cannes Film Festival, and that he later threatened her into silence. In a subsequent filing Tuesday, her lawyers asked that she be able to use the pseudonym “Emma Loman” because she “fears severe professional and economic retaliation and injury if her identity is disclosed.”

“This lawsuit is an attempt to continue the legal barrage and public attention on Mr. Weinstein. The allegations are untrue and the claims are barred by the statute of limitations. We intend to immediately move to dismiss the complaint,” Weinstein attorney Phyllis Kupferstein told TheWrap in a statement.

The lawsuit says Loman was initially fearful no one would believe her, and that Weinstein would retaliate. But after the wave of Weinstein accusers came forward beginning last fall, she “felt safe coming forward to seek redress for Weinstein’s rape of her, which she began pursuing immediately.”

Also Read: Harvey Weinstein's Lawyer Accuses Asia Argento of 'Stunning Level of Hypocrisy'

The lawsuit says Loman met Weinstein at the Venice Film Festival in 2004, but that Weinstein didn’t contact her again until shortly before the 2006 Cannes festival, when he asked her to attend as his guest and discuss possible acting roles.

According to Loman’s account, Weinstein’s assistant called her “up to 30 times a day” to convince her to attend, and when she agreed, The Weinstein Company paid for her travel and lodging.

Also Read: Judge OKs Lawsuit Accusing Harvey Weinstein of Sex Trafficking

The suit offers a detail familiar from other accusations against the disgraced mogul: Weinstein said he had some roles in mind for Loman and invited her to his “office,” which she says turned out to be his hotel suite. There, the suit says, Weinstein “quickly dropped his professional demeanor” and “instead overpowered Loman and raped her.”

“Weinstein proceeded to treat the rape like a standard component of their business, as if the professional discussion he offered Loman had actually taken place,” the lawsuit continues. “Immediately after raping Loman, Weinstein told her that he would follow up with a call, and although Loman wanted to make clear to Weinstein again that he had just severely violated her, he quickly made her leave his suite, citing his busy schedule.”

Also Read: Harvey Weinstein Says 'I Love You,' 'Booty Call' Email From Accuser Proves Consensual Relationship

The suit says that at an unspecified later date, Weinstein “lured” Loman back to his suite, where he told her that “even if she could somehow overpower” him, that his security guards would not let her leave until “she promised to keep silent about Weinstein’s assault and rape.”

Loman also accuses Weinstein of buying a film she had been cast in, then firing her in what the suit describes a “pointed reminder of both his power and memory.”

Loman is seeking a trial by jury and damages in an amount no less than $75,000. The suit also seeks punitive damages for assault, battery, and false imprisonment in an amount to be determined at trial, damages pursuant to the civil remedy for human trafficking, attorneys’ fees and any such other relief the court deems necessary.

Weinstein faces possible life in prison after being indicted in New York on six charges including predatory sexual assault, criminal sexual act in the first degree, rape in the first degree and rape in the third degree. He has pleaded not guilty to all of the charges.

Pamela Chelin contributed to this reporting.

Related stories from TheWrap:

Harvey Weinstein's Lawyer Denies That Mogul Admitted Offering Acting Jobs in Exchange for Sex

Asia Argento Strongly Denies 'Absolutely False' Sexual Assault Accusation

Asia Argento Paid $380,000 to an Underage Sexual Assault Accuser (Report) | 8/22/18
Germany’s second-quarter output data show the core eurozone economy is holding up even as the risks to growth have risen. | 8/14/18
The risk of becoming poor in Germany has reached a record high despite a thriving economy and a million job vacancies. Most at risk are recently arrived migrants, say trade union-affiliated researchers. | 8/10/18
British visual-effects business Cinesite has inked a deal to buy Trixter, the Germany-based VFX and feature animation studio. London-based Cinesite, which is privately held, secured a finance package earlier this year from asset management firm Pemberton, which handed it an initial $40 million of funding and the ability to access a further $30 million. Cinesite will […] | 8/9/18
Anti-Semitic content on the Internet has jumped from 7.5 percent to over 30 percent in the decade between 2007 and 2018, according to a newly released study by Monica Schwarz-Friesel, a professor of cognitive science at the Technical University in Berlin and an expert on anti-Semitism. | 8/2/18
The German government has decided to ban for the first time the sale of a German company, Leifeld Metal Spinning, to a Chinese suitor on security grounds. | 7/27/18
German politicians and business leaders have welcomed the agreement that Jean-Claude Juncker made with Donald Trump. But some wonder whether the US president will stick to his word. | 7/26/18
German politicians and business leaders have welcomed the agreement that Jean-Claude Juncker made with Donald Trump. But some wonder whether the US president will stick to his word. | 7/26/18

For many, the big “if” looming over San Diego Comic-Con 2018 was just how the biggest annual gathering of geeks in the world would respond to the rapidly changing cultural climate exemplified by the #MeToo movement.

Would the convention organization openly address the vast changes that have rocked Hollywood and other industries in the last 10 months? Would it be business-as-usual for SDCC or major studios? And have the creators and their fans embraced these changes?

Based on what TheWrap saw, the answers are: A frustrated “no,” a cautiously optimistic “probably not,” and for the most part, an enthusiastic “hell yes.”

Also Read: Everything We Saw in the 'Mayans MC' Footage at Comic-Con

Officially, Comic-Con was silent about #MeToo. When SDCC programming director Eddie Ibrahim gave his traditional kick off speech in Hall H on Thursday morning, notably absent was any mention of the convention’s harassment policies. That continued for all four days of the convention.

But Comic-Con as an organization has been subjected over the last half-decade to calls to adopt more explicit policies regarding sexual harassment. This effort was most visible in 2014, led by a group called Geeks for CONsent.

Those earlier criticisms took on a new relevance last year, after stories accusing Harvey Weinstein of sexual misconduct prompted a wave of women and some men to come forward with their own experiences as victims of abuse.

Also Read: 'The Good Place' Cast Apologizes for Trolling the People of Florida So Hard: 'But You Guys Get It'

The geek space was no exception: most recently, Comic-Con mainstay Chris Hardwick stepped down as moderator of several of this year’s panels after accusations that he emotionally and sexually abused former girlfriend Chloe Dykstra. (Hardwick has denied any abuse, and on Wednesday AMC cleared him to return to work following an investigation into the accusations.)

Comic-Con for its part has chosen not to update those anti-harassment policies, which state in part that “harassing or offensive behavior will not be tolerated,” and that “persons finding themselves in a situation where they feel their safety is at risk or who become aware of an attendee not in compliance with this policy” should seek out security or SDCC staff.

Whatever actions the organization is taking behind the scenes, it ultimately chose not to discuss them publicly. Comic-Con International did not immediately respond to a request for comment from TheWrap

Also Read: Comic-Con Kicks Off With No Mention of Chris Hardwick or #MeToo

Unofficially, fans and creators were frequently vocal in support of greater inclusion and representation, and in talking about harassment and abuse.

The panel for NBC’s “Brooklyn Nine-Nine” on Friday night was a particular stand out, with cast members, producers, and fans touching on a range of sensitive issues. Notably, one fan thanked Terry Crews, who accused William Morris Endeavor agent Adam Venit of groping him, “for your part in #MeToo,” adding, “I’m so sorry for all of us that are part of #MeToo that you have to be part of it.”

And at a panel called “The Future Is Female,” “Bumblebee” and “Birds of Prey” screenwriter Christina Hodson got huge cheers and lots of knowing muttering when she celebrated the successes of the #MeToo era but noted that much work remains.

“Nine months ago, no one gave a s—. Like, no one cares what happens. Now everything has shifted. So I think behavior on set, in writers’ rooms, that’s all going to shift. So I’m very happy about that,” she said.

But, she continued, “Just because we’re talking about it now and just because [“Wonder Woman” director] Patty Jenkins kicked a–, it doesn’t mean everything’s fixed. And I think we just gotta be mindful. But one or two big movies, like out there front and center, don’t change the fact that the numbers are really, really bad.”

Also Read: Jamie Lee Curtis Embraces Fan Who Says Her 'Halloween' Character Saved His Life (Video)

One of the most memorable moments came during Friday’s panel for “Halloween,” when star Jamie Lee Curtis appeared to allude to #MeToo when she described her character’s arc in the latest franchise entry: “She is saying, ‘I am not my trauma. She’s been waiting 40 years to have this person who she knows is coming and to say, ‘I am going to take back the legacy. I am going take back my narrative.'”

That got huge applause from the audience, which was outdone minutes later when a fan told Curtis during the Q&A how being inspired by her performance in the iconic first “Halloween” helped save his life during a home invasion. Curtis stepped off the stage to embrace him, prompting a standing ovation.

Hardwick, in contrast, cast a long, largely unremarked-upon shadow over the Hall H auditorium he has held court in for so many years. He was originally set to moderate the panels for “Doctor Who,” as well as AMC’s “The Walking Dead” and “Fear The Walking Dead” in Hall H. Neither the moderators who replaced him in these panels — including Yvette Nicole Brown, who is also taking over his “Talking Dead” duties — nor fans brought him up, either directly or indirectly.

Also Read: Johnny Depp Surprises Comic-Con in Full 'Fantastic Beasts' Character

Warner Bros. featured a surprise appearance by Johnny Depp during the studio’s Saturday Hall H presentation of “Fantastic Beasts 2,” in-character as the villain Grindelwald. It was a fun, if mumbled performance, but the elephant in the room was Depp’s contentious divorce from Amber Heard, who accused the actor of abuse — and who also appeared as part of Warner Bros.’ “Aquaman” panel just 20 minutes later.

Also interesting from our vantage point, the relative frequency of #MeToo references was matched by political moments in general at Comic-Con, even while the event itself was largely as apolitical as always. And those moments leaned left.

During Warner Bros.’ presentation Saturday, “Fantastic Beasts” cast member Zoe Kravitz was asked by a fan what she would do if she had magic in real life: she replied, “Impeach Trump,” prompting a room full of loud cheering.

And later that day,”Man in the High Castle” producer Isa Dick Hackett remarked that they were not changing the show — about an alternate history in which Nazi Germany and Imperial Japan won World War II — to match reality, but rather that it seemed reality was changing to match the show.

Also Read: Here's What We Learned About 'The Man in the High Castle' Season 3 at Comic-Con 2018

Generally, as we witnessed it, this was how things played out — panelists tended not to bring up socials issues on their own, but usually didn’t shy away when fans asked about them. Though one especially notable moment came Saturday during The CW’s slate of Ballroom 20 panels, when “Supergirl” announced the groundbreaking casting of Nicole Maines as television’s first openly transgender superhero, Dreamer.

And though Comic-Con did not comment on the cultural situation officially, at the annual Eisner Awards (the Oscars of comics, held on the Friday night of Comic-Con), women were front and center. Marjorie Liu became the first woman in Comic-Con history to win best writer, Joye Murchison Kelly and the late Dorothy Roubicek Woolfolk became the first women to win the Bill Finger award, and in all, women were named winners in 23 out of 38 categories.

There are of course hundreds of panels every year, and a full accounting of them is difficult. But from what TheWrap saw on the ground, though Comic-Con continues to avoid taking any overt stance, things are changing anyway — even if the convention tries to look very much the same.

Related stories from TheWrap:

'Riverdale' Season 3 Will Have a Flashback Episode, Plus Everything Else We Learned From Comic-Con

Watch Best Comic-Con Trailers, From 'Shazam' to 'Star Wars: The Clone Wars' (Videos)

DC's Comic-Con Show Was a Declaration of Independence From Its Grimdark Recent Past

Everything We Saw in the 'Mayans MC' Footage at Comic-Con | 7/25/18
Germany's strong ties to China go beyond the world of business. For years, Ludger Beerbaum and the German Equestrian Federation have been working to develop equestrian sports in China. | 7/17/18

With Netflix’s second-quarter earnings releasing on Monday afternoon, Wall Street will have its eyes once again fixated on — what else? — subscriber growth.

Netflix has been on a strong run, posting its best total subscriber growth in back-to-back quarters. As Netflix has surpassed 125 million accounts, its stock price has soared in the process — increasing 105 percent since the start of the year to over $395 a share.

Netflix has projected 6.2 million new customers during Q2, with 5 million coming internationally.

Also Read: 'The Crown': It's Tea Time in Netflix's First-Look at Olivia Colman as Queen Elizabeth II (Photo)

Shares of NFLX have more than doubled in 2018 (via Yahoo Finance)

“Netflix is very good at being conservative with guidance each quarter,” Tom Harrington, senior research analyst with Enders Analysis, told TheWrap. “They pass guidance each quarter in terms of subscriber adds, and every time they do that, the stock value goes up.”

The symbiotic relationship between subscribers and stock price has served Netflix well. However, Netflix is also edging towards minimal growth in the States, with nearly 57 million domestic subscribers — or about one account for every six Americans — already using the service. Linking its Wall Street success to subscriber growth puts Netflix at risk of stumbling unless Netflix continues to put up strong international numbers.

Also Read: Netflix Snaps HBO's 17-Year Emmys Streak

“Tying the value of the company to subscriber adds, it’s going to get harder for them to continually do that because they’re reaching a saturation in the States —  which is why they’re doubling down internationally,” added Nichols.

The good news for Netflix shareholders, of course, is that it’s connecting with international fans so far. More than half of Netflix’s 125 million subscribers come from outside the U.S.

“We’re seeing enormous mass adaptation on the international markets, and we’re seeing this because the shows are so good in each market they’re addressing,” Ross Gerber, president and CEO of Gerber Kawasaki Wealth and Investment Management, told TheWrap.

Also Read: Watch the 'Queer Eye' Team Freak Out Over Their Emmy Nominations (Video)

Many of Netflix’s best-known shows are produced internationally, with “Fauda” from Israel, “Dark” from Germany, and “Narcos” from Colombia to name a few. These shows, according to Gerber, serve a dual purpose in that they appeal to audiences both at home while keeping Netflix’s “global community” satiated as well.

The second season of “Fauda” debuted in May

In the quarters ahead, Netflix will rise and fall on its international gains. CEO Reed Hastings is aware of this and has pointed to India and its population of 1.3 billion in particular as a key market. Compared to its domestic saturation, there is still plenty of room for growth: Netflix’s 68 million international subscribers comes out to about 1 in every 106 people with an account outside the U.S.

Also Read: Netflix's Marijuana Show 'Cooking on High' Draws Jeers: 'Dumb and Makes No Sense'

To keep growing, Netflix is spending big. Ted Sarandos, the company’s chief content officer, has said the company is spending about $8 billion on content this year — while The Economist recently projected that the figure could balloon to $13 billion.

“Netflix’s business strategy is to bulk up quick, get big now, and keep spending on content once they reach a certain equilibrium,” said Gerber. “They’re kind of in a race to get ahead of everyone else — and they’ve proven they’re ahead of everyone else. I think they have a couple more years of heavy content spend to solidify their position internationally as the global player.”

It’ll be worth keeping an eye on how much debt Netflix is carrying to help fund its expansion. Netflix raised $1.9 billion in debt in April to fund content and “strategic transactions,” after it had reported $6.5 billion in debt obligations during its first-quarter earnings. But investors have shown a willingness to look at Netflix’s debt as a forgivable sin, as long as it continues to rack up subscribers.

Also Read: Salma Hayek-Produced Mexican Series 'Monarca' Picked Up by Netflix

This could soon become more difficult. Netflix’s growth has been aided by offering releases from major, internationally-proven studios like Disney. But the Mouse House and other Hollywood stalwarts have since realized they’ve been “subsidizing their own destruction,” as Harrington put it, by allowing Netflix to ride its content to the front of the international streaming race.

Disney will be pulling its shows from Netflix next year as it prepares to launch its own streaming service. Amazon isn’t on Netflix’s level yet, but always lingers as a formidable foe. And Apple is readying its content strike, armed with more than 1 billion devices worldwide it can offer its shows on (think of it like the U2 album that automatically downloaded to your iPhone, but with something you might actually enjoy).

Those are battles down the line for Netflix, though. And if its able to keep churning out top-notch programming outside the U.S., Gerber said he could see Netflix pushing to 200-250 million subscribers in the next five years. That push starts Monday afternoon when we’ll see how much new territory Netflix has gobbled up since April.

Related stories from TheWrap:

Netflix Snaps HBO's 17-Year Emmys Streak

'Chilling Adventures of Sabrina': See Salem and Sabrina in First Poster for Netflix's Reboot (Photo)

Jason Bateman's Aggregate Signs Film and TV Deal With Netflix

Netflix Will Now Automatically Download the Next Episode of a TV Show – If You're on Android | 7/16/18
The majority of foreigners, who visited Russia during the FIFA 2018 World Cup, were thrilled with what they saw and experienced in the country. They were thrilled to see Russia that was so much different from what their media was making them to believe. The level of organization of the tournament in Russia was superb indeed: no incident was reported, not a single brawl occurred. Nikolskaya Street, where most fans gathered, became the street of global peace and the main street of the world. The goal of the organizing committee was to show foreigners Russia's best side, to make them remember their time in Russia and have unforgettable impressions. Today, one can say for certain: the goal has been achieved. The 2018 World Cup has changed Russia's imaged for the better in the whole world. The performance of the Russian football team at the tournament became an important addition to the organization of the whole event. Few in Russia could even think that the national football team could exit the group, reach the 1/8 finals and even leave Spain behind on the way. Even when Russia lost to Croatia in a series of penalty kicks, the whole nation was infinitely grateful to their footballers for their amazing achievement. Ratings of broadcasts of playoff matches with the participation of the Russian national team were comparable with the ratings of president's New Year speech. The World Cup has given Russia not only 12 stadiums that hosted the games, but also almost a hundred smaller arenas throughout the European territory of the country. They will be used for  children's sports schools.New airport terminals, renovated roads and streets, the experience of thousands of people who were involved in the organization of the world's biggest event has become the precious legacy that football has given Russia. The whole world has finally got a chance to see Russia as an open and hospitable country, and we would like to hope that many foreign fans would like to come to Russia again and bring their families along. It is worthy of note that all foreigners having FAN IDs for the 2018 World Cup will not need to get the Russian visa if they wish to visit Russia again before the end of 2018. The 2018 World Cup cost Russia more than $14 billion. The financial results of the tournament  have not been calculated yet, but one can already say that the income that Russia has received was a lot lower than the spending. However, profit is not the most important thing, and Russia did not have the goal to make as much as possible from football. Russian football fans bought the largest amount of tickets - 900,000 of 2.4 million. Surprisingly, American fans come next - they bought 89,000 tickets. The list continues with Brazil - 72,500 tickets, Colombia - 65,200, Germany - 62,500, Mexico - 60,300, Argentina - 54,000, Peru - 43,600, China - 40,300, Australia - 36,400, and England - 32,400.The number of European visitors was unexpectedly low. Having been zombified by the media, many British and French fans preferred to stay home and watch the games on TV. Yet, the number of American visitors was higher than expected. Financial results of the 2018 World Cup will follow soon, although experts say that the football tournament has contributed from 0.2 to 1 percent of GDP to the Russian economy. The infrastructure created for the competition and the subsequently growing tourist flow can bring an additional 120-180 billion rubles to Russia's GDP annually for the next five years.Given that Russia's GDP amounted to about 92 trillion rubles last year, these expected revenues will simply be invisible and fit within the error margin. The spending of 1.2 trillion rubles that Russia has incurred during seven years of preparations for the event is just as insignificant.
"Berlin is the city of freedom," a business agency in the German capital has contacted Harley-Davidson's CEO. The iconic US company is looking to move some production abroad to avoid the fallout of an EU-US trade spat. | 7/13/18
Donald Trump's trade war threats likely dominated Angela Merkel's meeting with the Chinese premier. But could rallying around a common economic foe push concerns over human rights and business practices to the side? | 7/9/18
We have told G7 Leaders to Make Gender Inequality and Patriarchy History For most people, the annual G7 meeting may just seem like an expensive photo-op that doesn't connect with any concrete change in people's lives. But for us, appointed by Canadian Prime Minister Justin Trudeau to sit on his G7 Gender Equality Advisory Council, it was a unique opportunity to push for strong commitments for girls' and women's rights. We had the opportunity to meet the seven leaders for breakfast and make a strong case for concrete commitments and accelerated action to achieve gender equality within a generation.  There is unprecedented momentum and support for gender equality and women's rights. With the universal adoption of the Sustainable Development Goals, which put gender equality at the center, and the global attention brought by #MeToo and related campaigns on ending sexual harassment and other forms of violence against women, support for improving outcomes for girls and women has never been so high. The explosion of discussions in our offices and shopfloors, our boardrooms and lockerooms, our dining rooms and bedrooms must come right to the G7 table. It is therefore significant that leaders spent two hours discussing gender equality and that it was also part of other discussions. As the richest economies in the world, G7 countries can bring about far reaching systemic changes envisaged in the global agenda for sustainable development. The impact of G7 countries goes well beyond their borders. We have told leaders that they must use this unique footprint for the benefit of women and girls.  Together with the Gender Equality Advisory Council, we have put forward a comprehensive set of recommendations.  As a foundation, it is critical to eliminate discriminatory legislation which persists in G7 countries and around the world. We also called for the removal of barriers to women's income's security and participation in the labour market. Concrete measures, such as legislation and implementation of pay equity can close the wage gap between men and women. And the jobs of the future, whether it is in the digital economy or artificial intelligence, must help close - not further widen - the gender gap.  For most women, the challenge of balancing productive and reproductive lives creates a "motherhood penalty" that triggers major setbacks for women in the economy. G7 leaders can shape an economy that closes the gap between women and men through affordable childcare, paid parental leave, and greater incentives for men to do half of all care work.  Addressing violence against women in the workplace is critical. Employers, shareholders, customers, trade unions, Boards, Ministers all have an obligation to make workplaces safe, hold perpetrators accountable and end impunity. The emerging International Labour Organization's standard to end violence and harassment at work should be supported to drive greater progress in this area. None of this will happen without the full participation and voice of women at all decision-making tables. We applaud the increasing numbers of countries with gender equal cabinets. We need more countries to follow suit, as well as the private sector.  Because men still disproportionately control our political, economic, religious, and media institutions, they have a special responsibility to actively support policies and cultural change. Men's voices and actions, including those of our predominately male political leaders, are critical because they have such a big impact on the attitudes and behavior of other men.  We welcome the announcement by Canada, the European Union, Germany, Japan, the United Kingdom, and the World Bank of an investment of nearly US$ 3 billion for girls' education, including the single largest investment in education for women and girls in crisis and conflict situations. This is a significant step forward to build a foundation for greater progress.  In our own work, as the Executive Director of UN Women, and as a writer and activist focused on engaging men to promote gender equality and end violence against women, we've been witness to dramatic changes over the past few decades. The courage of individual women and the leadership of women's movements have meant that patriarchy is being dismantled in front of our eyes. But greater leadership is required. A strong commitment by G7 leaders to take this agenda forward beyond the Summit can push forward the most dramatic and far-reaching revolution in human history. The one that will make gender inequality history. UN Women
Germany's most influential business organizations called Friday for an end to bickering within Angela Merkel's conservative bloc over migration, backing the chancellor and suggesting that the strife is weakening the country at a critical time. | 6/29/18

Mike Huckabee on Monday defended a tweet suggesting that House Democratic leader Nancy Pelosi employed MS-13 gang members, telling Fox News host Shannon Bream that the blowback was all just a misunderstanding and evidence that clearly people didn’t understand “satire.”

“It was satire,” he told Bream, brushing aside the controversy. “I tell people all the time and I regularly post on my Twitter account. If you don’t have a sense of humor, if you cannot handle satire, please don’t follow me.”

The original joke from Huckabee on Saturday suggested that Pelosi was employing MS-13 gang members.

Also Read: Joe Scarborough Slams 'Racist' Mike Huckabee Tweet: 'Parallels to the 1930s in Germany'

“Nancy Pelosi introduces her campaign committee for the take back of the House,” he tweeted with an image of tattooed members of the notorious gang.

Nancy Pelosi introduces her campaign committee for the take back of the House.

— Gov. Mike Huckabee (@GovMikeHuckabee) June 23, 2018

The former Arkansas governor rebuffed criticism of the tweet, which many have derided as racist and offensive.

“A lot of people are trying to make this about race. What race was I talking about? I was talking about a criminal gang. A gang is not a race. People who murder, rape, who mutilate little children children, that’s not a race of people. That is a gang of criminals,” said Huckabee.

“There’s nothing to defend. I’m amazed that there were people out there defending MS-13 and somehow saying that we were nice enough to them. I don’t want to be nice to MS-13. I want them to be out of business. I appreciate the president for wanting to treat them as they are, as criminals and people that are predators to little children and need to be taken off of our streets.”

Just hours earlier, Huckabee had used his platform to accuse the Lexington, Va., restaurant Red Hen of “bigotry” after they refused to serve his daughter, White House press secretary Sarah Huckabee Sanders, because of her work for the president.

“Bigotry. On the menu at Red Hen Restaurant in Lexington VA,” he thundered. “Or you can ask for the ‘Hate Plate’. And appetizers are ‘small plates for small minds.'”

Bigotry. On the menu at Red Hen Restaurant in Lexington VA. Or you can ask for the “Hate Plate”. And appetizers are “small plates for small minds”

— Gov. Mike Huckabee (@GovMikeHuckabee) June 23, 2018

Related stories from TheWrap:

Joe Scarborough Slams 'Racist' Mike Huckabee Tweet: 'Parallels to the 1930s in Germany'

Red Hen Restaurant's Sarah Huckabee Sanders Rejection Earns Scads of One- and Five-Star Reviews

Sarah Huckabee Sanders Denies Report She's Quitting White House Job

Kathy Griffin Warns Sarah Huckabee Sanders: 'B—, Do Not Come for Me' | 6/26/18
[Guardian] As part of efforts to grow stronger economic ties between Nigeria and Germany, the delegation of German Industry and Commerce in Nigeria in collaboration with Nigeria-German Business Association and the German-African Business Association (Afrika-Verein der deutschen Wirtschaft) hopes to explore new investment opportunities at this year's forum. | 6/22/18
President Donald Trump’s trade threats aren’t only hurting feelings in Germany. They are beginning to weigh on the country’s export-driven economy, where growth is slowing and export orders are on the decline. | 6/14/18
[Guardian] German Industry and Commerce in Nigeria yesterday said the seventh edition of the German-Nigerian Business Forum (GNBF) would highlight bilateral trade relations between both countries. | 6/14/18
Events at the Group of Seven summit have brought the European Union closer together, Germany's economy minister said on Monday. | 6/11/18

Discovery and the PGA Tour have struck a massive $2 billion deal for tournament rights outside of the United States through 2030. That’s a lot of green — and we’re not just talking about the putting surfaces.

The pricey (and lengthy) alliance, which tees off next year, will result in about 2,000 hours of content annually and nearly 150 tournaments, including The Players Championship, the FedExCup Playoffs, and the Presidents Cup. It will grant Discovery the exclusive non-U.S. television and multiplatform rights to all PGA Tour golf events by 2024 — here is a timetable for implementation:

Australia, Canada, Italy, Japan, Netherlands, Portugal, Russia, Spain
Poland, South Korea
Belgium, China, Germany, South Africa
Denmark, Finland, India, Norway, Sweden, UK

Also Read: Former 'Deadliest Catch' Skipper Blake Painter Found Dead at 38

About those multiplatform rights: Together, Discovery and the PGA Tour will develop a new PGA Tour-branded OTT video streaming service to serve 220 markets and territories.

“Today is a fantastic day for golf fans around the world as Discovery proudly partners with the PGA Tour to create something that has never been done before,” David Zaslav, president and CEO, Discovery, said. “The long-term partnership between the PGA Tour and Discovery will create the new global Home of Golf, including delivering over 2000 hours of live content year-round and this prestigious sport’s greatest moments, stories and athletes. Following our successful first Olympic Games in PyeongChang, Discovery will contribute its strong global distribution and promotional infrastructure, in-market relationships, global sports expertise with direct-to-consumer platforms and brands to create a valuable new long-term Home of Golf offering in every market outside the U.S.”

“This is an exciting next step for the PGA Tour, which presents a tremendous opportunity to accelerate and expand our media business outside the United States, better service our international broadcast partners, and drive fan growth with a deeply experienced strategic global partner,” added Jay Monahan, commissioner, PGA Tour. “This partnership aligns very well with the opening of PGA Tour offices in London, Tokyo and Beijing in recent years and will support our long-term objectives of growing the game of golf. It also will deliver more value to our sponsors as it presents a tremendous opportunity to engage new and diverse audiences around the world.”

Also Read: Jon Hamm's Impression of Ray Romano Playing Golf Is Simply the Best (Video)

The partnership will be led by Discovery’s Alex Kaplan, who is president and general manager of the new Discovery and PGA Tour venture. His management team will include the PGA Tour’s Thierry Pascal as head of distribution.

Kaplan previously was an executive vice president at Eurosport Digital, where he helped grow the Eurosport D2C business to over 1 million subscribers. Prior to joining Discovery, Kaplan was a senior vice president of global media distribution for the NBA.

“I am incredibly excited to work with David Zaslav and JB Perrette to take international coverage of PGA Tour golf to the next level,” Kaplan said. “We can’t wait to get started and build a world-class global platform and long-term distribution strategy to turn the vision of this partnership into a reality. By joining forces with the outstanding PGA Tour team, led by Jay Monahan and Rick Anderson, we have a unique opportunity to build an amazing product that will serve the fans with the golf content they love on every screen.”

Related stories from TheWrap:

Discovery Lost Money in Q1 Due to Huge Scripps Deal

Discovery Boss David Zaslav's Pay Rose Above $42 Million Last Year

Rich Ross Out at Discovery: Company Unveils Post-Scripps Senior Executive Team | 6/4/18
NetApp’s global research has found that IT decision makers across the USA, UK, France and Germany believe GDPR will benefit their business when it comes to giving them the competitive edge. But while almost half (44%) believe GDPR will improve their position amongst all competitors, business readiness for the regulation is at odds with its [&hellip
Trade between Germany and China reached an all-time record last year. But when Chancellor Angela Merkel visits the country this week, she will carry a growing list of concerns from a wary business delegation. | 5/24/18
Merkel met Thursday with Li while leading a business delegation on her trip to China. | 5/24/18
Trade between Germany and China reached an all-time record last year. But when Chancellor Angela Merkel visits the country this week, she will carry a growing list of concerns from a wary business delegation. | 5/23/18
LabourStart headline - Source: IUF | 5/21/18
Magnus Kastner will take the helm at Endemol Shine Germany. He is veteran of the international business having run Viacom’s Northern Europe unit, Discovery’s German operation, and been president of Dubai-based Rotana. At production and distribution powerhouse Endemol Shine Group he will be chief executive, Germany, reporting to Northern Europe chairman Boudewijn Beusmans. He replaces […] | 5/17/18

Germany is the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP (PPP) in 2008. Since the age of industrialisation, the country has been a driver, innovator, and beneficiary of an ever more globalised economy. Germany is the world's second largest exporter with $1.120 trillion exported in 2009 (Eurozone countries are included). Exports account for more than one-third of national output. Germany is relatively poor in raw materials. Only lignite and potash salt are available in economically significant quantities. Power plants burning lignite are one of the main sources of electricity in Germany. Oil, natural gas and other resources are, for the most part, imported from other countries. Germany imports about two thirds of its energy. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Most of the country's products are in engineering, especially in automobiles, machinery, metals, and chemical goods. Germany is the leading producer of wind turbines and solar power technology in the world. The largest annual international trade fairs and congresses are held in several German cities such as Hanover, Frankfurt, and Berlin. Of the world's 500 largest stock market listed companies measured by revenue, the Fortune Global 500, 37 are headquartered in Germany. In 2010 the ten largest were Volkswagen, Allianz, E. ON, Daimler, Siemens, Metro, Deutsche Telekom, Munich Re, BASF, and BMW. Other large German companies include: Robert Bosch, ThyssenKrupp, and MAN (diversified industrials); Bayer and Merck (pharmaceuticals); Adidas and Puma (clothing and footwear); Commerzbank and Deutsche Bank (banking and finance); Aldi, Lidl and Edeka (retail); SAP (computer software); Infineon (semiconductors); Henkel (household and personal consumer products); Deutsche Post (logistics); and Hugo Boss (luxury goods). Well known global brands are Mercedes Benz, BMW, Adidas, Audi, Porsche, Volkswagen, DHL, T-Mobile, Lufthansa, SAP, and Nivea. Between 1991 and 2010, 40'301 mergers & acquisitions with an involvement of German firms with a total known value of 2'422 bil. EUR have been announced. The largest transactions since 1991 are: the acquisition of Mannesmann by Vodafone for 204.8 bil. EUR in 1999, the merger of Daimler-Benz with Chrysler to form DaimlerChrysler in 1998 valued at 36.3 bil. EUR, Deutsche Telekom acquired VoiceStream Wireless Corp for 30.8 bil. EUR in 2000, the sale of T-Mobile USA Inc by Deutsche Telekom to AT&T Inc for 27.6 bil. EUR in 2011. As of December 2010, as measured by ILO standards the German unemployment rate was 6.1 percent (compared with 7.2 percent as measured by German standards).

From dbpedia, under creative commons CC-BY-SA | hosting | | |