Netflix wants to spend up to 15 percent of its content cash on originals


Netflix (s NFLX) wants to spend up to 15 percent of its entire licensing budget on the production of original content within the next few years, according to Chief Content Officer, Ted Sarandos, who said Thursday at the Nomura 3rd Annual U.S. Media & Telecom Summit in New York that the company is going to keep growing its original output over the next few years, with the goal of roughly doubling the number of titles within the next 18 months.

The company is currently spending around five percent of its content money on originals like House of Cards, Hemlock Grove and the new season of Arrested Development. Asked about that show, Sarandos said that the company had extremely high expectations about the initial viewership of the show. “And it met our expectations, and we are thrilled,” he said.

He added that viewers also seem to love the show, despite…

View original post 185 more words


TEDGlobal newsmakers: May El-Khalil on the meaning of marathons

TED Blog

On Sunday, May 26, two rockets soared over Beirut, Lebanon, hitting a Shi’ite Muslim area in the southern part of the city. The rockets raised fears that Beirut could become embroiled in the civil war raging in nearby Syria. And yet, these bombs did not stop women throughout the city from lacing up their running sneakers and taking to the streets to run their hearts out. May 26 was also the day of the Beirut Marathon’s first all-female event, the 10K Women’s Challenge. About four thousand woman participated, even as news of the bombing spread.

The Beirut Marathon was founded by May El-Khalil, who will speak at TEDGlobal 2013 on June 12 during the session “World on Its Head.” With the 10K Challenge shining a spotlight on the courage and strength of Beirut’s women, and with so many questions still out there about why two bombers targeted…

View original post 931 more words

Google invests in big South African solar project


Google (s GOOG) is taking its strategy of investing millions of dollars into clean power projects in the U.S. and focusing it on Africa for the first time. On Thursday, the search engine giant announced that it’s invested $12 million into a large — 96 MW — solar panel farm in South Africa.

When built, the solar project, called Jasper Power Project, will be able to deliver enough clean power for the equivalent of 30,000 South African homes and will be built in the Northern Cape province near the town of Kimberly. California-based solar developer SolarReserve is working with South African clean power companies Intikon Energy and Kensani Group to build the project.

solarpanelThe Jasper solar farm will cost $260 million, and the developers have closed on the financing, including other investments from Public Investment Corporation, Development Bank of South Africa and the PEACE Humansrus Trust. The same developer group…

View original post 301 more words

Tornado hits Oklahoma; 51 dead, including 20 children

 Oklahoma tornadoes: Woman carries child through field after tornado in Moore, Okla.

AP Photo: Sue Ogrocki. A woman carries her child through a field near the collapsed Plaza Towers Elementary School in Moore, Okla.


MSN News                         10 min ago                            By MSN News with wire reports                          



The death toll could rise to as high as 91 after a monstrous tornado at least a half-mile wide roared through Moore, Okla., on Monday.



• At least 51 people were killed, including 20 children, according to the Oklahoma medical examiner. Officials said there could be as many as 40 more deaths.

• Rescue workers continue to search the rubble of Plaza Towers Elementary School for some two dozen missing children, Oklahoma Lt. Gov. Todd Lamb said.

• Area hospitals reported at least 230 people injured, including at least 45 children.

• The storm laid waste to scores of buildings in Moore, a community of 41,000 people south of Oklahoma City.

• The National Weather Service issued an initial finding that the tornado was an EF4 on the enhanced Fujita scale, the second most-powerful type of twister.

• President Barack Obama declared a major disaster in Oklahoma and ordered federal aid to supplement state and local recovery efforts. Aid includes grants for temporary housing, home repairs, uninsured property losses and other recovery efforts.

• Federal Emergency Management Agency Director Craig Fugate is heading to Oklahoma on Tuesday to ensure that federal resources are being properly deployed.

• The President will make a statement from the White House on Tuesday morning at 10 a.m. ET after meeting with his disaster response team, including Homeland Security Secretary Janet Napolitano.

• KFOR-TV in Oklahoma City reports that Moore has no running water. Crews are working to get it fixed. Oklahoma City Police Capt. Dexter Nelson said downed power lines and open gas lines pose a risk in the aftermath of the system.

Tornado hits Oklahoma; 51 dead, including 20 children AP