Netflix co-CEO TedSarandos addressed the topic of the SAGAFTRA & WGA strikes during the streamer’s Q2 earnings results on Wednesday. / SAGAFTRAStrike WGAStrike AMPTP writersstrike
took on the topic of the SAG-AFTRA & WGA strikes during the streamer's Q2 earnings results on Wednesday. Why is this already a problem? Because Sarandos' words come on the same day that the streamer revealed that due to spending less this year on content than originally expected because of the strikes , it's estimated to have at least $5B in free cash flow for the year . In addition, Netflix added an additional 5.
So I also want to say, if I may, on a personal level, I was raised in a union household. My dad was a member of IBEW Local 640, he was a union electrician. And I remember his local because that union was very much a part of our lives when I was growing up. And I also remember, on more than one occasion, my dad being out on strike.
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