Movie and TV Stars Join Picket Lines in Fight over the Future of Hollywood

SAG-AFTRA President Fran Drescher (C L), with National Executive Director & Chief Negotiator, Duncan Crabtree-Ireland (C R) and actress Frances Fisher (C bottom), joins Writers Guild members at a picket line outside Netflix in Los Angeles on July 14, 2023. (AFP)
SAG-AFTRA President Fran Drescher (C L), with National Executive Director & Chief Negotiator, Duncan Crabtree-Ireland (C R) and actress Frances Fisher (C bottom), joins Writers Guild members at a picket line outside Netflix in Los Angeles on July 14, 2023. (AFP)
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Movie and TV Stars Join Picket Lines in Fight over the Future of Hollywood

SAG-AFTRA President Fran Drescher (C L), with National Executive Director & Chief Negotiator, Duncan Crabtree-Ireland (C R) and actress Frances Fisher (C bottom), joins Writers Guild members at a picket line outside Netflix in Los Angeles on July 14, 2023. (AFP)
SAG-AFTRA President Fran Drescher (C L), with National Executive Director & Chief Negotiator, Duncan Crabtree-Ireland (C R) and actress Frances Fisher (C bottom), joins Writers Guild members at a picket line outside Netflix in Los Angeles on July 14, 2023. (AFP)

"Ted Lasso" star Jason Sudeikis, Rosario Dawson and other top movie and TV actors joined picket lines alongside screenwriters Friday on the first full day of a walkout that has become Hollywood’s biggest labor fight in decades.

A day after the dispute brought production to a standstill across the entertainment industry, Sudeikis was among the picketers outside NBC in New York pressing for progress following the breakdown of contract talks with studios and streaming services. Dawson, star of the film "Rent" and the "Star Wars" TV series "Ahsoka," joined picketers outside Warner Bros. studios in Burbank, California.

"Lord of the Rings" star Sean Astin marched with chanting protesters outside Netflix's offices in Hollywood. Also present at Netflix were "Titanic" and "Unforgiven" actor Frances Fisher and "The Nanny" star Fran Drescher, who is president of the Screen Actors Guild-American Federation of Television and Radio Artists.

The actors’ arrival energized the picket lines outside Netflix, where music blared and the sidewalks were packed with demonstrators.

Elsewhere, "Once Upon a Time" actor Ginnifer Goodwin stood with protesters at Paramount Pictures.

The famous faces of Oscar and Emmy winners will likely be seen with some regularity on picket lines in New York and Los Angeles, adding star power to the demonstrations outside studios and corporate offices.

The walkout is the first double-barreled strike by actors and screenwriters in more than six decades.

In recent weeks, many actors made a show of solidarity with the 11,500 writers, who walked out in May. On Thursday, 65,000 members of the actors' union formally joined them on strike.

The two guilds have similar issues with studios and streaming services. They are concerned about contracts keeping up with inflation and about residual payments, which compensate creators and actors for use of their material beyond the original airing, such as in reruns or on streaming services. The unions also want to put up guardrails against the use of artificial intelligence mimicking their work on film and television.

Many on the picket lines took aim at Disney chief executive Bob Iger, who said Wednesday that the damage the strikes will do to the entertainment economy is "a shame."

"I think that when Bob Iger talks about what a shame it is, he needs to remember that in 1980, CEOs like him made 30 times what their lowest worker was making," actor Sean Gunn, who starred in "Guardians of the Galaxy," said outside Netflix.

Now Iger "makes 400 times what his lowest worker is. And I think that’s a shame, Bob. And maybe you should take a look in the mirror and ask yourself, ‘Why is that?’"

No talks are planned, and no end is in sight for the work stoppage. It is the first time both guilds have walked off sets since 1960, when then-actor Ronald Reagan was SAG’s leader.

"What we won in 1960 was our health and pension plans and the existence of residuals. That was the most important strike in LA union history, and now we’re on strike together again, and honestly, this strike is even bigger," Adam Conover, host of the TV series "Adam Ruins Everything" and member of the Writers Guild negotiating committee, said outside Netflix. "We’re going to win. If you are gaining momentum like we are, 70-odd days into a strike, you are going to win."

Conover was one of many picketers, including Sudeikis, who are members of both unions.

The Alliance of Motion Picture and Television Producers, which represents employers including Disney, Netflix, Amazon and others, has lamented the walkout, saying it will hurt thousands of workers in industries that support film and television production.

The actors' strike will affect more than filming. Stars will no longer be allowed to promote their work through red carpet premieres or personal appearances. They cannot campaign for Emmy awards or take part in auditions or rehearsals.

The strike triggered cancellations of red carpet events scheduled for next week for "Special Ops: Lioness," starring Zoe Saldaña and Nicole Kidman, and Christopher Nolan’s "Oppenheimer."

A "Haunted Mansion" premiere event at Disneyland on Saturday was set to go on as planned, but with no actors in attendance to promote the film.

Los Angeles Mayor Karen Bass said it was clear that the entertainment industry "is at a historic inflection point." She urged all parties to work around the clock until an agreement is reached.

"This affects all of us and is essential to our overall economy," Bass said in a statement.

The writers’ strike had already stopped much of television production, and the actors joining them immediately led to a shooting shutdown for many major films, including "Deadpool 3," "Gladiator 2" and the eighth installment of Tom Cruise’s "Mission Impossible" series. All are scheduled for release next year.

The writers' strike also shut down late-night talk shows and "Saturday Night Live," as well as several scripted shows that have either had their writers’ rooms or production paused, including "Stranger Things" on Netflix, "Hacks" on Max and "Family Guy" on Fox. Many more are sure to follow them now that performers also have been pulled.



Netflix Beats Subscriber Targets, Cautions on Ad Growth

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo
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Netflix Beats Subscriber Targets, Cautions on Ad Growth

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo

Netflix said on Thursday it added more than 8 million subscribers in its second quarter as the streaming service benefited from a password-sharing crackdown and the popularity of such titles as "Bridgerton," "Baby Reindeer" and "The Roast of Tom Brady."
While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter and said its advertising business would not become a primary driver of revenue growth until at least 2026, said Reuters.
Netflix shares reversed initial losses after it reported results to trade up 1% in after-hours trading. The stock has surged nearly a third so far this year.
"Netflix is still the best and most profitable streaming company out there, but with technology stocks generally retreating over the last several days, some investors may sell on the generally good news and taking profits now while waiting for a possible better re-entry point for the stock," said Michael Ashley Schulman, chief investment officer at Running Point Capital.
The streaming video pioneer is facing saturation in the United States and plans to stop regularly reporting new subscriber additions next year. Investors have been zeroing in on the company's relatively new advertising business as a potential source of growth.
On Thursday, Netflix said third-quarter subscriber gains would be lower than the comparable period in 2023 when it had just started the password clamp-down.
The company also said its vice president of ad sales, Peter Naylor, was departing.
Third Bridge analyst Jamie Lumley said Netflix's advertising business "has yet to prove itself from a revenue standpoint."
"Our experts highlight that Amazon has made a much bigger splash in the ad market and Netflix needs to continue working on scale in this segment if it wants to be a major player," Lumley said.
For April through June, Netflix posted diluted per-share earnings of $4.88, compared with consensus forecasts of $4.74 a share, according to LSEG. Revenue for the quarter reached $9.56 billion, in line with estimates.
At the end of June, the new sign-ups brought the total number of global Netflix subscribers to more than 277 million.
Netflix said its ad tier membership grew 34% from the prior quarter, but it did not say how many subscribers chose that option.
"Our ad business is growing nicely and is becoming a more meaningful contributor to our business," Netflix said in a letter to investors. "But building a business from scratch takes time - and coupled with the large size of our subscription revenue - we don't expect advertising to be a primary driver of our revenue growth in 2024 or 2025."
On a post-earnings video, Netflix Chief Financial Officer Spencer Neumann said the company's advertising business is "growing nicely," but it is building off a small base.
"It's a meaningful contributor," Neumann said. "And then we get (to) '26 and beyond, it can be even more meaningful, and hopefully comes to the point where it's a primary contributor."
The company said it expects third-quarter revenue growth of 14% compared with a year ago.
Three years into its videogame initiative, Netflix said it planned to release a multiplayer game based on "Squid Game" later this year when it debuts Season Two of the dystopian Korean series. It also plans games tied to "Emily in Paris" and "Selling Sunset."