Netflix Q2 earnings: Streamer is riding high despite actors' strike

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Every Hollywood company is having a terrible summer except Netflix, whose global content machine will help it ride out the actors' strike: 'They just aren't worried'

, Netflix signed up 3.5 million subscribers, the service's best month since Antenna started measuring it.

"There's a feeling of, 'We've spent a ton on content, and we were paying a premium they weren't getting before,'" said a producer, referring to Netflix's history of writing big checks to build its content library while also killing traditional Hollywood backend deals, which used to give talent more upside from a project's success. Many writers

Analysts will be looking for more color from Netflix on how subscribers are responding to the password-sharing crackdown and ad tier.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix Q2 Earnings Preview: Analysts Expect Windfall From Password-Sharing CrackdownNetflix’s move to start broadly monetizing password-sharing users — after years of tacitly allowing the practice with a wink and a nod — could help the streamer beat Q2 2023 earnings targets.
Source: Variety - 🏆 108. / 63 Read more »