Netflix CEO Vows to End Hollywood Strikes, Commits to Deal with WGA & SAG-AFTRA

Netflix CEO Ted Sarandos expressed the company's commitment to ending the ongoing Hollywood strikes, which have seen actors join writers on the picket line for the first time since 1960. Sarandos acknowledged the challenges in reaching an agreement but emphasized the need for a resolution that is equitable and allows the industry to move forward. Netflix reported mixed results for the quarter but exceeded expectations in profitability metrics. The company is among the best-positioned in the event of a prolonged work stoppage, according to a report by Moody's. Actors are fighting for more protections regarding artificial intelligence and higher streaming residuals.