Netflix CFO Says “We Need To Get Back To Work, That’s What We Are Focused On”
Netflix’s chief financial officer said today that ongoing Hollywood strikes are bad for the business, and the company is focused on getting back to work.
“I think really kind of cutting through it, the main thing…is there’s a lot of folks out of work and the business isn’t moving forward,” chief financial officer Spencer Neumann said at a BoFA media conferene today. “And so it’s terrible for all those folks out that are not working and it’s not good for the business. So that’s what we’re most focused on.”
Related Stories
AMPTP Calls WGA’s Claims Of Division In Studio Ranks False, Says “Member Companies Are Aligned”
NBCUniversal Studio Group & CBS Studios Suspend Deals With Producers, Including Lorne Michaels & Phil McGraw, Amid Strikes
“I mean, at the end of the day, to move the business forward and to have great storytelling and fresh stories for our members, it really is about the partnership with those writers, with those producers, with those directors, with those actors,” he added.
“And so, we need to get back to work. That’s what we are focused on…We are very committed to get back as quickly as possible, in the meantime we are managing through.”
The WGA struck on May 2, SAG-AFRA on July 14. Neither side is talking with the AMPTP, the alliance of major studios that includes Netflix. The streamer is shielded more than others from the strike due to its robust international pipeline. The work stoppages have been boosting free cash flow at big media companies, including Netflix, as production costs fall.
More to come….
Must Read Stories
Toon “Moment” For Net As Deadline Nears For Scripted Originals; Reality Chief Talks Fall Sked
John Ridley & Matt Carey Podcast Has Errol Morris, Amy Berg Among First Guests
Producers On Winning Over Manga Fans, Finding Luffy & 6-Year Plan For Netflix Hit
Payne, Linklater & Others @ TIFF Studio; News, Reviews, Photos & More From Ontario
Writers Guild Strike
WGA Investigating “Delayed” & Lower Residual Checks From Studios To Scribes
MTV’s ‘Ridiculousness’ Writers Inch Closer To Unionizing With WGA As Team Behind Unscripted Show Aims For Improved Conditions – Update
Read More About:
Source: Read Full Article