Barack Obama Criticizes Streaming Companies Looking At 'Their Bottom Line' And 'Experiencing Shareholder Pressure' As Writers Strike Continues
Portfolio Pulse from Chris Katje
Former President Barack Obama criticized streaming companies for focusing on their bottom line and shareholder pressure amid the ongoing writers' strike. Writers are demanding royalties from streaming deals and addressing the use of AI in scriptwriting. Obama's comments come as he promotes his limited series, 'Working: What We Do All Day,' on Netflix.
May 26, 2023 | 4:00 pm
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Barack Obama criticized streaming companies, including Netflix, for their focus on the bottom line amid the ongoing writers' strike. This comes as he promotes his limited series on the platform.
Barack Obama's criticism of streaming companies, including Netflix, may draw attention to the ongoing writers' strike and the demands of writers for fair compensation. However, it is uncertain if this will have a significant short-term impact on Netflix's stock price, as the company is not directly involved in the negotiations. The relevance is high as Netflix is mentioned in the article, but the importance is moderate as the outcome of the strike is still uncertain.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80