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Netflix shielded from Hollywood strike by global crew
Financial Express Mumbai
|July 18, 2023
NETFLIX INVESTORS WILL assess risks from the ongoing strike in Hollywood when the company reports quarterly results on Wednesday, but analysts said it was well positioned due to its solid pipeline of shows and international production crew.
Striking Hollywood actors have joined film and television writers on picket lines, forcing US studios to shutter productions as workers battle over pay in the streaming TV era. Some of the people on strike are also picketing the Netflix offices in Los Angeles.
But the streaming giant, which is set to report its highest second-quarter subscriber additions since 2020, is likely to keep churning out titles such as Gal Gadot's upcoming "Heart of Stone" and "Too Hot to Handle, Season 5".
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Financial Express Mumbai
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