The book covers the out-of-the-box philosophies that guide the streaming powerhouse.
Citing the coronavirus pandemic, Penguin Press has decided to delay publication of a new business bible co-written by Netflix CEO Reed Hastings.
The book, No Rules Rules: Netflix and the Culture of Reinvention, co-authored by Erin Meyer, was scheduled for a May 12 release. It will now most likely come out in the fall.
No Rules Rules covers the out-of-the-box philosophies that guide the streaming powerhouse, as laid out in something called the Netflix Culture Deck — a set of 127 slides distributed internally which Hastings shared on the internet in 2009.
Facebook COO Sheryl Sandberg called the Culture Deck "the most important document ever to come out of Silicon Valley."
Among its counterintuitive corporate mantras are things like "Adequate performance gets a generous severance package" and "Netflix Vacation Policy and Tracking: there is no policy or tracking. There is also no clothing policy at Netflix, but no one comes to work naked."
The decision comes as many media and entertainment companies press pause on parts of their business amid the spread of the novel coronavirus throughout the globe. Netflix, in particular, has ordered a full shutdown of all production on series and movies.
The company has pledged $100 million to a relief fund for the hundreds of thousands of crew and actors rendered jobless from the crisis.
Netflix's next feature documentary will offer a deep dive into Los Angeles’ street art scene through a variety of well-known voices. “LA Originals” is scheduled to hit the streaming service later this month, and Netflix released the official trailer Wednesday morning, highlighting the featured talent of hip-hop A-listers and one iconic basketball star.
Per Netflix's synopsis, “LA Originals” is a documentary that will explore the culture and landmarks of the chicano and street art movement that cemented Mister Cartoon and Estevan Oriol's status as behind-the-scenes hip-hop legends. The 90-minute documentary will include interviews and other scenes with hip-hop legends and other high-profile entertainers, including Kobe Bryant, Eminem, Michelle Rodriguez, Danny Trejo, Snoop Dogg, Cypress Hill, Blink-182, Wilmer Valderrama, Terry Crews, George Lopez and more.
“LA Originals” is directed by Oriol and written by Brian Maya and Omar Quiroga. “Hip-hop was new,” Oriol said in the trailer about his career arc. “I'm on tour with the Beastie Boys, No Doubt, the Fujis, Limp Bizkit. And I'm the only one there with a camera.”
Oriol, a longtime photographer and music video director, has photographed celebrities ranging from Eminem and Kim Kardashian to Robert De Niro and Al Pacino, and has also prolifically documented Los Angeles' urban and gang cultures. As for Mister Cartoon, the veteran tattoo and graffiti artist has worked with celebrities such as Bryant and Beyoncé, and his work has also been used by the Los Angeles Clippers, the “Grand Theft Auto” video game series, and other high-profile brands.
The duo met several decades ago, manage the SA Studios Global marketing agency, and frequently collaborate on various projects.
“The more we hung out, the more we just started building on ideas of things we could do to make money that weren't illegal,” Mister Cartoon said in a scene from the documentary's trailer.
“LA Originals” will mark another addition in Netflix's growing unscripted slate. The streaming service recently turned plenty of heads with the docuseries “Tiger King: Murder, Mayhem and Madness,” which centers on the life of Joe Exotic, an incarcerated criminal, prolific animal abuser, and 2016 presidential candidate.
Check out the trailer for “LA Originals” below. The film will hit Netflix Friday, April 10.
Comcast has also committed $500 million to support employees impacted by the pandemic.
NBCUniversal and other parts of the Comcast family on Wednesday internally unveiled measures to support employees and others impacted by the novel coronavirus pandemic.
Top executives, including Comcast chairman and CEO Brian Roberts, CFO Mike Cavanagh, Comcast Cable CEO Dave Watson, NBCUniversal CEO Jeff Shell and Sky CEO Jeremy Darroch, are donating their salaries to charities engaged in coronavirus relief until the virus crisis passes.
Roberts, in a memo obtained by THR, also said that Comcast was committing $500 million to help staff with pay and benefits if their business units have been shut down due to the pandemic.
"Across our businesses, we have committed $500 million to support our employees through continued pay and benefits where operations have been paused or impacted, and we have committed significant resources to support our customers," Roberts wrote. "Additionally, effective today, and for the duration of this situation, our senior leaders, Mike Cavanagh, Dave Watson, Jeff Shell, Jeremy Darroch and I have chosen to donate 100 percent of our salaries to charities that support COVID-19 relief efforts," Roberts wrote.
Roberts' 2018 salary came to $3.2 million, while CFO Cavanagh's salary was $1.95 million that year and then-NBCUniversal CEO Stephen Burke took home a salary of $2.96 million in 2018. Comcast has yet to announce its executive compensation for 2019.
Roberts, his wife Aileen and their family previously said they were donating $5 million for the Philadelphia public school system to buy laptops for students doing online learning as local schools closed down during the coronavirus crisis.
Comcast is the latest media and entertainment company to unveil that top executives were forging their salaries amid the virus crisis, following the likes of the Walt Disney Co.
Read Comcast chairman and CEO Roberts' full memo to Comcast staff below:
As our world changes by the minute with the new reality that COVID-19 brings, I continue to be amazed and inspired by our people and the human spirit at Comcast, NBCUniversal and Sky. This is obviously an incredibly difficult time for our society. None of us has ever experienced anything like this before, and while it is easy to get mired in the many challenges we are all facing, I think that in uncertain times like these it is incumbent upon us to remain optimistic and look for the good, even if it can be elusive.
One of the bright spots for me has been watching our employees on the frontlines go above and beyond. Our Comcast and Sky engineers, technicians and call center representatives are working around the clock to keep our network running and make sure our customers maintain their vital internet connectivity. Our NBC and Sky news organizations are keeping our world informed — setting up remote...