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Stock impact report

Hollywood avoided an IATSE strike. But broader labor issues aren't going away [Los Angeles Times (CA)]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Hollywood may have avoided a crippling strike by crew members, but labor unrest in the entertainment industry is far from over. After months of tense negotiations, the studios struck a deal with the International Alliance of Theatrical Stage Employees (IATSE), the union that represents sound technicians, carpenters, makeup artists, set decorators, costume designers and other so-called below-the-line workers. Thus, they avoided the first strike in the union's 128-year history. Advertisement As my colleagues Anousha Sakoui and Meg James reported over the weekend, studio sources said they gave more ground than they had expected. Workers won 3% annual wage hikes, improvements in pay and conditions on streaming productions and a rest period of 10 hours between daily shoots and 54 hours on weekends. Nonetheless, within the union's membership, there are unmistakable signs of dissatisfaction with the results of the fight. In an illustrative series of tweets, “Doctor Strange” co-scr Show less Read more
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