Netflix’s Ted Sarandos Says Studios Did Not Want Strike: ‘I Was Raised in a Union Household’

Zack Sharf Digital News Director Billy Porter revealed in a recent interview with Evening Standard that he has to sell his house amid the ongoing strikes in Hollywood in order to save money. Porter, an Emmy winner for his work on FX’s “Pose,” was speaking to the outlet to promote his music career and stayed clear of discussing any of his film and television work. When the topic of the strikes was brought up, Porter said he’s having to take cost-saving measures in his real life as various projects he was set to work on in September have been tabled.

Stacey Solomon's latest peek inside her family holiday saw her defy 'rude' comments on social media. The Loose Women star looked amazing as she was seen getting ready for an afternoon of 'shade bathing' after being busy at the water park with her young brood.

Jennifer Maas TV Business Writer Paramount Global hosted its second-quarter earnings call Tuesday amid the ongoing writers and actors strikes in Hollywood. Just like every other major media company that has reported its Q2 results already, the CBS parent company’s execs addressed the work stoppages with hopes for a timely resolution and comments on how it will affect their business operations. “We anticipate continued delays in production for the duration of the strikes, and as such, we estimate free cash flow in the back half of the year will be significantly higher than previously expected,” Paramount CFO Naveen Chopra said.

Harry Redknapp believes Rasmus Hojlund 'could be the answer' for Manchester United this season - and has backed the Reds to win a first Premier League title in 11 years.

Stacey Solomon has shared an exciting family update as she enjoys the summer with her husband and children. It comes after the TV presenter revealed she had "finished work for the next 10 days" and that she'd had her nails and a spray tan done in preparation for a big trip.

EXCLUSIVE: The writers strike is heading towards its 100th day, but there’s a new sense of guarded optimism that both parties – the WGA and the studios, represented by the AMPTP – are on the verge of a making a breakthrough.

Could an October surprise be coming to Hollywood’s picket lines and C-suites?

Mike Cavanagh, the president of Comcast who was recently named the de-facto head of NBC Universal, said the company remains “committed to reaching a fair deal [with actors and writers[ as soon as possible, so we can get back to doing what we do best, which making great content together.”

Disney CEO Bob Iger already made his perspective clear about the ongoing guild strikes last week before the SAG-AFTRA one commenced. Now it’s Netflix CEO’s Ted Sarandos‘ turn.

Holly Willoughby is said to be 'not hiding away' despite the recent pressure she has faced to continue on as normal following the Phillip Schofield scandal that rocked This Morning.

Netflix is often mentioned as an M&A player when a studio or media group is up for sale, but don’t expect the streamer to buy a major Hollywood business any time soon.

Netflix stands to benefit from the dual strikes underway in Hollywood while competitors like Disney and Apple will get “weaker,” in part because of the streamer’s vast international production pipeline, a top media-stocks analyst said Wednesday on the brink of earnings season.“The strike plays to their advantage,” Michael Nathanson, founding partner of SVB MoffettNathanson, said on CNBC’s “Squawk Box.” “I’ve not been a Netflix bull, but their setup for this quarter and the next 12 months is incredibly strong.”Co-host Andrew Ross-Sorkin seized on that notion, seeking to clarify whether Nathanson meant Netflix would get stronger merely relative to its competition – or if it could help the streamer overall. The answer seemed to be: a bit of both.“I think relative, clearly, right?” Nathanson said.

Stephen Rodrick Fran Drescher is on a hero’s journey.  I know because she told me.   We talked on Monday for about an hour as the actors’ strike moved into a second week. So far, it’s been very dramatic. Last Thursday, Drescher gave her version of Shakespeare’s Henry V’s St. Crispins Day speech with “we happy few” replaced by all American workers via “I think that the whole world is looking at us right now, because human beings in all different walks of life are being replaced by robots.” The speech launched a thousand labor-supporting memes and left reporters wondering if “The Nanny” was the new Norma Rae. Drescher carried the mojo into the first day of picketing on Friday when she called Disney CEO Bob Iger a medieval land baron for discourse launched from his Sun Valley Summer Camp. 

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.

Todd Spangler NY Digital Editor Netflix’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. The company again kicks off tech and media sector’s second-quarter earnings season, scheduled to report Q2 earnings on Wednesday (July 19) after the market closes. A key question on investors minds will be how well Netflix is prepped to weather the double-whammy of SAG-AFTRA and WGA strikes. In April, before either of the strikes commenced, co-CEO Ted Sarandos told analysts, “We do have a pretty robust slate of releases to take us into a long time” in the event of labor walkouts.

The Silent Sea star Gong Yoo is set to lead Netflix’s upcoming original series The Trunk.Today (July 17), Netflix announced that the Gong Yoo has been cast as the lead of its new original series The Trunk. The actor will be joined by Seo Hyun-jin, who previously led popular K-dramas like The Beauty Inside and Why Her.According to Netflix, The Trunk will be a mystery series about the unexpected events that unfold after a strange trunk is found in a lake.

Marc Malkin Senior Film Awards, Events & Lifestyle Editor Disney didn’t let the SAG-AFTRA strike get in the way of its “Haunted Mansion” world premiere. None of the stars of the movie were expected to be in attendance, including LaKeith Stanfield, Tiffany Haddish, Danny DeVito, Rosario Dawson, Chase W. Dillon, Daniel Levy, Jamie Lee Curtis, Hasan Minhaj, Marilu Henner and Lindsay Lamb all observing the SAG-AFTRA strike. The studio still rolled out the red carpet at Disneyland in Anaheim Saturday night. Director Justin Simien told Variety he was “sad” his cast couldn’t attend, but understands why and supports the actors walkout. Later in, he gave a shoutout to the cast while introducing the movie.

Well, Warner Bros. Discovery CEO David Zaslav already put his foot in his mouth responding to the WGA writers’ strike, so now it’s Bob Iger‘s turn.

he said that the WGA and SAG-AFTRA’s conditions were “just not realistic” and that the prospect of a writers and actors strike was “very disturbing.”Iger’s comments come on a historic day, when SAG-AFTRA is expected to announce they are joining WGA on the picket lines after their Wednesday contract negotiations deadline passed without a deal. It would be the first Hollywood double strike in sixty years.Also notable for context, Iger’s comments arrive the day after his Disney contract was extended for an additional two years.

Striking writers now have a new punching bag: Bob Iger.