The Daniels Win the DGA’s Top Prize, an Oscar Bellwether

(L-R) Dan Kwan and Daniel Scheinert, winners of the Outstanding Directorial Achievement in Theatrical Feature Film award for “Everything Everywhere All at Once,” pose in the press room during the 75th Directors Guild of America Awards at The Beverly Hilton on February 18, 2023 in Beverly Hills, California. (Getty Images/AFP)
(L-R) Dan Kwan and Daniel Scheinert, winners of the Outstanding Directorial Achievement in Theatrical Feature Film award for “Everything Everywhere All at Once,” pose in the press room during the 75th Directors Guild of America Awards at The Beverly Hilton on February 18, 2023 in Beverly Hills, California. (Getty Images/AFP)
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The Daniels Win the DGA’s Top Prize, an Oscar Bellwether

(L-R) Dan Kwan and Daniel Scheinert, winners of the Outstanding Directorial Achievement in Theatrical Feature Film award for “Everything Everywhere All at Once,” pose in the press room during the 75th Directors Guild of America Awards at The Beverly Hilton on February 18, 2023 in Beverly Hills, California. (Getty Images/AFP)
(L-R) Dan Kwan and Daniel Scheinert, winners of the Outstanding Directorial Achievement in Theatrical Feature Film award for “Everything Everywhere All at Once,” pose in the press room during the 75th Directors Guild of America Awards at The Beverly Hilton on February 18, 2023 in Beverly Hills, California. (Getty Images/AFP)

The Directors Guild of America handed its top prize for feature filmmaking to Daniel Kwan and Daniel Scheinert for “Everything Everywhere All at Once,” putting them on course to win at the Academy Awards next month.

The 75th annual DGA Awards, held at the Beverly Hilton in Beverly Hills, California, on Saturday evening, denied Steven Spielberg a record-extending four wins for the guild's top honor. Spielberg had once been expected to cruise through awards season with his autobiographical “The Fabelmans,” but the strong affection for “Everything Everywhere All at Once” — the Oscar favorite with a leading 11 nominations — has come to dominate Hollywood's Oscar run-up.

In the past 10 years, all but once has the DGA winner gone on to win at the Academy Awards. (In 2020, Sam Mendes won at the DGA for “1917,” while Bong Joon Ho won the Oscar for “Parasite.”) Last year, Jane Campion (“The Power of the Dog”) won at each. In 75 years, only 10 times have the DGA winner and the Oscar winner not aligned.

The other nominees were: Todd Field (“Tár”), Martin McDonagh (“The Banshees of Inisherin”) and Joseph Kosinski (“Top Gun: Maverick”). The same filmmakers are nominated for best director at the March 12 Oscars, with one exception. The academy picked Ruben Östlund (“Triangle of Sadness”) rather than Kosinski.

Kwan and Scheinert, the filmmaking pair known as “The Daniels,” are just the third duo to win the DGA's top award, following Robert Wise and Jerome Robbins for “West Side Story” (1961) and Joel Coen and Ethan Coen for “No Country for Old Men” (2007).

They're also uncommonly young (both are 35) and early in their careers (this is just their second feature film) to win with the guild — especially over a veteran like Spielberg. He holds the record for most DGA nominations with 13.

No women were nominated by the DGA or the film academy for best director this year. But both of the guild's other top awards went to female filmmakers.

Best first feature went to Charlotte Wells for the father-daughter drama “Aftersun.” Best documentary was awarded to Sara Dosa for “Fire of Love,” about an adventurous French volcanologist couple.



Netflix Shares Soar on Price Hikes and Record Subscriber Gains

FILED - 14 May 2024, North Rhine-Westphalia, Cologne: The word "Netflix" shines brightly at the presentation of one of its series. Photo: Rolf Vennenbernd/dpa
FILED - 14 May 2024, North Rhine-Westphalia, Cologne: The word "Netflix" shines brightly at the presentation of one of its series. Photo: Rolf Vennenbernd/dpa
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Netflix Shares Soar on Price Hikes and Record Subscriber Gains

FILED - 14 May 2024, North Rhine-Westphalia, Cologne: The word "Netflix" shines brightly at the presentation of one of its series. Photo: Rolf Vennenbernd/dpa
FILED - 14 May 2024, North Rhine-Westphalia, Cologne: The word "Netflix" shines brightly at the presentation of one of its series. Photo: Rolf Vennenbernd/dpa

Netflix reaffirmed its dominance of the streaming video market on Tuesday, as its mixture of live sporting events, popular returning series - and singular moments, such as a football halftime performance by Beyonce - helped attract a record number of subscribers over the holiday quarter.
The company added 18.9 million subscribers in its fourth quarter to bring its total global subscriber base to nearly 302 million customers - a number that dwarfs its Hollywood streaming rivals, Reuters reported.
Netflix sought to capitalize on its galloping popularity by raising prices in the US, Canada, Portugal and Argentina as it spends more on programming. In the US, the company's ad-supported service will cost $7.99 a month, up from $6.99, while the premium package will cost $24.99, up 9% from existing pricing.

Investors reacted enthusiastically to the results, sending Netflix's stock surging about 13% in extended trade, lifting its stock market value by almost $50 billion. Over the last year, Netflix shares have gained more than 77%, outpacing the S&P 500's 24% rise.

"Netflix reaffirms its leadership position and is absolutely running away in the streaming market," said Paolo Pescatore of PP Foresight. "It is now flexing its muscles by adjusting prices given its far stronger and diversified programming slate compared to rivals."

The company said its fourth-quarter programming slate surpassed its own expectations, with viewers bingeing on the second season of its dystopian survival thriller "Squid Game," which the company said is on track to become one of its most-watched original series.
Netflix's deepening investment in live-streamed events is drawing tens of millions of viewers. The heavyweight boxing match between Jake Paul and Mike Tyson in November attracted 65 million streams. The two National Football League games on Christmas Day, one featuring Beyonce's halftime performance, brought in an average of 30 million global viewers, ranking among the most-streamed competitions in league history.
“To state the obvious, it’s content that drives users to streaming services," said Forrester Research Director Mike Proulx. "With the biggest bump in subscribers ever, Netflix’s attention to quality content is the reason for an overall strong year and fourth quarter."
Netflix said it has shaken off the impacts of COVID-19 and the 2023 Hollywood writers' and actors' strikes, and is delivering returning seasons of its most popular shows, including the Addams Family series "Wednesday," and the supernatural "Stranger Things."
It will also broadcast more live events, including weekly installments of WWE "Monday Night Raw" wrestling. It secured the rights for the FIFA Women's World Cup in 2027 and 2031, a deal which it says illustrates its strategy to deliver special-events programming, rather than regular season sports packages.
Such live events are attractive to advertisers, because they draw audiences that watch in real time.
"We exceeded our ads revenue target in the fourth quarter," said Netflix Co-CEO Greg Peters, adding, "We doubled our ads revenue year over year last year. We expect to double it again this year."
The company said the ad-supported version of its service accounts for 55% of its new sign-ups in countries where it is available.
Macquarie Equity Research analyst Tim Nollen predicted that ad revenue will increase to $2 billion this year, as more people sign up for the company's advertising-supported tier and Netflix's advertising technology matures. Live events will continue to drive sign-ups, he wrote in an investor note published prior to Netflix's earnings report.
This quarter will also mark the last time Netflix reports subscriber additions, as the company emphasizes other performance metrics including revenue and profit - a change analysts attribute to slowing subscriber growth.
The company reported per-share earnings of $4.27, beating Wall Street's forecast of $4.20 per share, according to an average of projections from 34 analysts. Annual operating income exceeded $10 billion for the first time in the company's history.
Revenue rose 16% over the same time a year ago, to $10.2 billion, compared with Wall Street's estimates of $10.1 billion for the quarter, according to LSEG. The jump in subscribers in the quarter did not create a similar spike in revenue because sign-ups occurred throughout the quarter, said one person familiar with the matter.
The company revised its guidance, projecting revenue of $43.5 billion to $44.5 billion in 2025, an increase of a half-billion dollars over the prior forecast. The updated guidance reflects improved business fundamentals, the company said.
Netflix's board also approved an incremental $15 billion to repurchase shares, which brings the total buyback authorization to $17.1 billion.