Netflix is in a relatively advantageous position regarding the Hollywood strike due to its global crew and robust show pipeline. The strike, which began on July 12, 2023, is driven by the Writers Guild of America, West (WGA West) and the Alliance of Motion Picture and Television Producers (AMPTP), focusing on issues such as pay, residuals, and diversity.
Since Netflix is not a member of the AMPTP, the strike does not have a direct impact on the company. However, there could be repercussions for some of its shows produced by studios affiliated with the AMPTP if the strike continues.
Fortunately, Netflix heavily relies on a diverse global crew and produces numerous shows outside the United States. This ensures that a significant portion of its workforce remains unaffected. Additionally, with a strong pipeline of shows in production or development, Netflix is unlikely to face content shortages even during an extended strike.
Despite these advantages, the strike could still have some negative effects on Netflix’s business. Prolonged strikes may cause delays in show production, potentially leading to subscribers canceling their subscriptions. Nevertheless, analysts anticipate that the overall impact on Netflix will be limited.
Meanwhile, Netflix continues to forge ahead with new content creation. They recently announced forthcoming releases, including the highly anticipated fourth season of Stranger Things, the film The Gray Man, and the comedy series The Pentaverate, all scheduled for the upcoming months.
