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
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…