Netflix will be first out of the gate with quarterly earnings after market close today amid a level of Hollywood labor strife not seen since the 1960s.
Writers and actors are protesting declines in pay and working conditions — an industry shift that many blame on the company whose name is synonymous with streaming.
The second quarter ended June 30, with the WGA on strike since May 2. SAG-AFTRA joined writers on the the picket lines last Friday.
That means the financial impact during the quarter will be limited and numbers that will start rolling out today may show modest write-offs for shutting down production (a plus, in cold financial terms), as well as increased free cash flow from doing the same.
Read more on deadline.com