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Netflix is the first major streamer to report quarterly earnings to Wall Street amid Hollywood’s historic double strike. On Wednesday, analysts will be keenly watching to see how co-CEOs Ted Sarandos and Greg Peters present what investors hope will be a return to growth as its ad tier and password-sharing crackdown spur new subscriptions.
Striking writers and actors will be looking, too, as they argue for what they say is a fair share of profits from streaming.
The direct effects of the first double strike in more than 60 years won’t be visible in the June quarter, which ended before talks between the studios and SAG-AFTRA broke down. But Sarandos and Peters will likely face questions about the impact on the company’s financials and strategy in the months ahead.
Netflix is the first major streamer to report quarterly earnings to Wall Street amid Hollywood’s historic double strike. On Wednesday, analysts will be keenly watching to see how co-CEOs Ted Sarandos and Greg Peters present what investors hope will be a return to growth as its ad tier and password-sharing crackdown spur new subscriptions.
Striking writers and actors will be looking, too, as they argue for what they say is a fair share of profits from streaming.
The direct effects of the first double strike in more than 60 years won’t be visible in the June quarter, which ended before talks between the studios and SAG-AFTRA broke down. But Sarandos and Peters will likely face questions about the impact on the company’s financials and strategy in the months ahead.
- 7/18/2023
- by Lucas Manfredi
- The Wrap
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