Ted Sarandos Believes That Netflix Is "Extremely Committed" To Stopping Strikes

Ted Sarandos, the CEO of Netflix, has stated that the company is “super committed” to reaching a deal to end the continuing actor and writer strikes.

The Writers Guild of America (WGA) went on strike in May, and the Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) union followed suit last week, resulting in the first “double strike” since 1960. They are advocating for more equitable pay and residuals from streaming projects, among other things.

On Wednesday’s earnings call, Netflix’s co-CEO conceded that the double strike was “not an outcome that we wanted.”

“We very much hoped to reach an agreement by now,” Sarandos told IndieWire. “It takes a huge financial and emotional toll on your family.” So please understand that nobody here… and I’m sure nobody at SAG or the WGA took any of this lightly. But we have a lot of work to do. There are a few complex issues.

“We’re dead set on reaching an agreement as soon as possible, one that’s equitable and allows the industry and everyone involved to move forward.”

Sarandos also noted in the call that he understood the impact on striking employees and their families because his father was a union electrician who went on strike once.

He also insisted that, despite the labor stoppage, Netflix would not run out of new material.

“As we stated in the previous call, we produce heavily across all types of content, including TV, film, unscripted, scripted, local, domestic, English, non-English, and everything in between.” “And they’re all true,” he added. “The real point is that we need to end the strike so that we can all move forward.”

Ted Sarandos Believes That Netflix Is “Extremely Committed” To Stopping Strikes

Ted Sarandos, the CEO of Netflix, has stated that the company is “super committed” to reaching a deal to end the continuing actor and writer strikes.

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