Thanks to Netflix’s earnings report and everything surrounding it, tonight’s newsletter is a bit later than normal.
I wrote a piece for Forbes about the earnings and my biggest takeaway is that it’s difficult to accurately figure out how successfully Netflix is executing its strategy when it continues to take away data that it reports each quarter.
Netflix executives want analysts and investors to focus on revenue and free cash flow. But especially with a global business, how it gets to those bottom line numbers is as important as the numbers themselves.
The Fascinating Story Of INSP

An image from the INSP original series “Elkhorn”
If you are near retirement age, you might remember the story of Jim and Tammy Faye Bakker. In 1974, they founded they launched a daily Christian variety series called The PTL Club and it became so popular that by 1978, they decided to build an entire television channel around the show’s success.
But when Jim Bakker resigned in 1990 following a string of high-profile scandals, PTL-The Inspiration Network filed for bankruptcy. Morris Cerullo World Evangelism bought the network for $7 million, dropped PTL from the name and Morris Cerullo’s son David was installed as the network’s CEO, a role he still holds.
In 2010, the network had a complete overall, focusing the network on family entertainment and shortening its name to INSP. In 2022, the network introduced the tagline “Heroes Live Here” and changed its logo to a cowboy hat, to better reflect its Western-oriented programming.
And that branding has helped build the network’s ratings success. It has regularly placed in the top 15 or 20 networks with older viewers and has managed to successfully differentiate itself from other digital networks airing Western programming.
When I was at StreamTV in Denver last month, I had the opportunity to sit down with INSP’s SVP Of Worldwide Distribution Mark Kang & CCO Dale Ardizzone. It was a really fascinating conversation and I enjoyed hearing how thoughtfully they approached the network’s relationship with its audience.
Here is an excerpt of the complete interview, which can be found here.
One of the differentiators for you guys is that, pretty consistently, you've leaned into original programming, which a lot of the competitors aren't doing. And can you talk a little bit about that, because, I know Elkhorn did really well, but you've had some other things as well that seemed like they were very targeted for your audience. Things like Legends Of The Pony Express and Blue Ridge.
Well, what, you know, it's an interesting original strategy, because what we looked at, we looked at what parts of the stories our audience likes, and we always say we're Western and Western adjacent, so classic Western, is going to be the Gunsmoke or Bonanza. The best example of Western adjacent I can give you is a Walker,Texas Ranger.
He lives in Texas, he wears a cowboy hat, it's sort of modern, but it's a small town crime drama where good wins in the end. And so we took that approach with our originals, and with our series, we focused on a couple of different things. One is the small town crime drama, so, for example, our series Blue Ridge, it's a modern day crime drama with a heroic protagonist who helps solve issues and challenges that deals with modern day problems.
But then we also looked at the characters that people know from the West, and so we started creating series based on those characters. We did not want to do documentaries with stills, and that doesn't interest me. We wanted to recreate stories, dramas, and so if you think about Wild West Chronicles and some of those series, we're really focused on trying to identify characters that people knew, but tell the real story.
And so even when we do one-off specials we take that approach. And you mentioned Elkhorn, which is another step in the progression. That is based on a true story. Lots of people know a little about Theodore Roosevelt, that he was essentially an assemblyman in New York, rather well-to-do, very sickly, lost his mother and his wife on February 14th, 1884.
He just sort of lost it, and he went to the Dakotas. He became a cowboy for two years. And so what we wanted to chronicle that, because ultimately that changed his life.
You know, he never had asthma when he left the Dakotas, never again, went on to lead the Rough Riders, was a "Republican" who unionized all of the other ranchers to fight the cattle traders in Chicago. Ultimately he had a passion for the national parks and established all those parks, but all of that was born out of those two to three years in the Dakotas. And so for us, as a Western Washington DC network, it seemed like a very logical fit.
Let's tell that story.
What’s next: “We’re building city saves,” Park said. “Every stop adds materials, patterns, and creator collabs to the library so the wardrobe gets smarter. By 2026, we want a network of pop-ups creators can spin up in a weekend.”
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The Story Behind The Rise Of ‘The Ankler’
One of the more interesting storylines in the world of entertainment industry news over the past five years is the rise of pure digital-play competitors Puck and The Ankler. The two outlets have different editorial approaches, but both publications are not just trying to compete with the mostly Penske Media-owned Hollywood trades. They are focusing on the industry’s profitable live events business, which is where most of the Hollywood trades are really making their money.
Richard Rushfield founded The Ankler as a small, independent newsletter in 2016. Former Hollywood Reporter editor-in-chief Janice Min became co-owner and CEO of Ankler Media in early 2022 and they have built a stable of columnists, targeted newsletters and an events business worth than estimated $10 million a year.
Rushfield recently spoke with InboxCollective about the growth of the business. But he also shared some of the horror stories he lived through thanks to working for terrible owners. And he shares some jawdroppers:
My last stop was a site called HitFix, which I edited. It was a consumer entertainment news site — kind of like [Entertainment Weekly], but it had a few very notable critics, including Drew McWeeny, Alan Sepinwall, and Dan Fienberg. It was a very talented group, but it was a very challenging time to grow revenue for a website. You needed tens of millions of users every month just to keep your head above water against the declining Google ad dollar. They ended up being acquired by a company that basically folded in HitFix’s numbers to make it look like they had a big leap in audience, raised money off that news, and then shut HitFix down — all within 90 days.
After that, I said, “I’m not going to do another one of these.” And that was what led to me going out on my own.
He has some really helpful perspective about building an audience and trying to navigate some of the challenges of being an independent publisher:
For me, the importance was always the integrity of what I wrote and what had my own name on it. That’s always been — because I’m an egomaniac — what really matters to me, more than The Ankler name. And there was never any question about that. Nobody was saying, “Why don’t you start doing red carpet coverage?” I was still doing what I wanted to do, driven by my own interests. Still am. Having a bigger business built around that was nothing but good for me.
Being a member of Gen X, my natural instinct is: how do I alienate my audience and push away as many people as I can, and make this product as unattractive and unpalatable to any kind of success as possible? I recognize that if you’re going to grow a business, that’s not the best instinct. I understood what we had to do, and there was no one better than Janice to do that. My instinct to make our readers feel uncomfortable and ashamed of themselves is, you know, hard to build a business around.
Ha. Even though I am not Gen X, I felt seen reading the passage above, because I find myself battling my natural tendency to be an industry curmudgeon.
I don’t have interest in growing my business beyond what I am capable of cranking out. But if anyone out there has bigger ambitions, Rushfield’s experience is really instructive.
Odds & Sods

On the PBS beat, not only was An American Family - which focused on Santa Barbara’s Loud Family - arguably television’s first reality series, Lance Loud is credited with being the first continuing character on television who was openly gay.
I have been meaning to highlight Crimina for several weeks. It’s a true crime weekly newsletter written by Steve Baker, who has an extensive career in television. He previously served as Executive Producer of ABC News’ Nightline, and is now lead development at Candle True Stories, a division of Candle Media. Their recent projects include Wild Boys (Paramount+), Should I Marry a Murderer (Netflix), The Carters: Hurts to Love You (Paramount+), Untold: Liver King (Netflix), and Twitter: Breaking the Bird (CNN and BBC). The newsletter does a nice job of being informative without being speculative or rehashing stories you’ve read twenty other places. I highly recommend it and I plan to interview Steve at some point about his television career.
Chloe Fineman posted on Instagram that she is exiting Saturday Night Live after seven seasons.
A decade after directing the prison–industrial complex documentary 13th for Netflix, Ava DuVernay will explore the Constitution in 14th.
Season five of Stillwater premieres Friday, August 21st on Apple TV.
International streamer MHz Choice has acquired exclusive U.S. rights to acclaimed French thriller Sambre. The six-episode limited series follows the story of one of France’s most notorious rapists, who attacked women in the same location for decades yet eluded authorities for nearly 30 years.
Apple Has A Mid-TV Problem

In his Bastard Machine newsletter, Tim Goodman argues that Apple TV has a “mid-TV” problem. Too many shows that aren’t great nor terrible. They’re just…there:
On Wednesday night I finished the profoundly disappointing Apple TV series, “Maximum Pleasure Guaranteed” and decided to roll right into the first episode of its new release, “Lucky.”
The “Lucky” pilot is good, not great. But there’s a reason I didn’t rush to watch the second episode, which Apple TV also dropped, before the show reverts to a one-a-week release format: Because of “Maximum Pleasure Guaranteed.”
And partly because of “Your Friends & Neighbors.” And “Sugar.” And “Murderbot.” And “Stick.”
And absolutely because of “Down Cemetery Road.”
Tim also does a great job of pushing back against the popular hot take that everything on Netflix is mediocre:
The problem with the Netflix argument is that it was never built to be a prestige streamer. It was built to have everything you or anyone else could want. It was — and is — the modern equivalent of a broadcaster, emphasis on broad, built to destroy both broadcasting and cable, which it did rather brilliantly.
That will always and forever be its legacy.
But in becoming the first essential streaming service, Netflix has also created plenty of great programming, plenty of top-tier prestige series, endless amounts of Mid-Plus content and, yes, gratuitous amounts of Mid and Mid-Minus series.
What’s Coming Tonight And Tomorrow
THURSDAY, JULY 16TH:
Descendants: Wicked Wonderland (Disney Channel)
House Rules Series Premiere (Tubi)
Me Before Me (Netflix)
Scott Peterson: The New Evidence (A&E)
The First 48 Season Premiere (A&E)
The Hawk Series Premiere (Netflix)
FRIDAY, JULY 17TH:
Desire (Netflix)
Heartstopper Forever (Netflix)
My Daughter's Trapped In A Throuple (LMN)
The Day They Fight (Hulu)
The East Palace Series Premiere (Netflix)
The Map Of Longing Series Premiere (Netflix)
The Other Football Season Finale (Tubi)
23,000 Lives (Netflix)



