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Netflix Gets Rich on Docs
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Netflix Gets Rich on Docs

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The Industry
Oct 19, 2023
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Netflix Gets Rich on Docs
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Good morning: In today's edition of The Industry we look at:

Is Netflix playing unfairly? Adam Driver brushes up on his Italian, a breakout LGBTQ film from China, and Brad Pitt visits a hospital.

Let's Go!

NETFLIX GETS RICH, PIVOTS TO DOCS

network

Netflix is getting rich on Docs.

And we're mad as hell and not going to take it anymore!

(For those under 30, that's a reference to an American classic.)

Except some SAG members don’t have bedroom windows to yell from because they’re living out of cars.

As one member tells Variety:

“I ran out of money [during] the strike, you build a nest egg in this silly town, and then events like this happen to take it away. I burned through my savings, and I burned through my IRA.”

We feel for them, it's horrible to watch everything you've worked so hard for disappear.

Meanwhile, Netflix has:

  • Raised subscription prices.

    • $11.99/month for Basic, up by $2.

    • $22.99/month for Premium, up by $3.

  • Made $8.54 billion in Q3 revenue, surpassing Wall St. expectations.

  • Increased share prices…

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