Netflix: 'Our updated expectation reflects lower cash content spend in 2023 than we originally anticipated due to timing of production starts and the ongoing WGA and SAG-AFTRA strikes.'
Portfolio Pulse from Bill Haddad
Netflix has revised its 2023 cash content spend expectations downwards due to delays in production starts and ongoing strikes by the Writers Guild of America (WGA) and Screen Actors Guild‐American Federation of Television and Radio Artists (SAG-AFTRA).
July 19, 2023 | 8:03 pm
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Netflix's lower cash content spend in 2023 due to production delays and ongoing strikes could impact its ability to generate new content, potentially affecting subscriber growth and revenues.
Netflix's ability to generate new content is crucial for its subscriber growth and retention. Delays in production starts and ongoing strikes could lead to a shortage of new content, which could in turn affect subscriber growth and revenues. This news is directly related to Netflix and is likely to have a significant impact on its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100