![]() Unfortunately, Cinemax has officially cancelled / ended the series. The series currently has a 8.2 out of 10 IMDb rating based on 28,774 user votes. Strike Back first aired on Cinemax on August 11, 2011. The series stars Philip Winchester, Sullivan Stapleton, Michelle Lukes and Daniel MacPherson. Discovery ( WBD) and NBCUniversal ( CMCSA) also dealt with more subdued Upfront presentations amid a lack of acting and writing talent.Īlexandra Canal is a Senior Reporter at Yahoo Finance.Strike Back is a action TV show created by Chris Ryan and is produced by Double D Productions, Left Bank Pictures, Cinemax, Ingenious Broadcasting and British Sky Broadcasting. The analyst surmised the shift was "tied to the risk of heavy picketing & protesting at an in-person event, as well as less availability of star talent." Disney, Warner Bros. Therefore, ramp of the ad tier is also delayed if paid sharing is delayed."Īdvertising, already under pressure amid macroeconomic headwinds, has been further complicated by the ongoing strike.Īs Anmuth pointed out, Netflix's first-ever Upfront presentation shifted from an in-person event to a virtual one. Therefore, an ongoing strike "could further postpone revenue & subscriber acceleration."Īnmuth also warned of a ripple effect to Netflix's recently launched ad-supported tier, writing: "Ultimately, advertising is closely tied to paid sharing, w/borrowers likely viewing a $6.99 Standard w/Ads plan as a compelling low-priced option. Anmuth estimated at least 30 million within that bucket could be converted to paying users whether as add-on members or new subscribers. Netflix, which did not immediately respond to Yahoo Finance's request for comment on the impending rollout, previously said 100 million users have shared accounts. And for borrowers who currently do not pay, paid sharing means either activating their own subscription or being added as an extra member, or losing access to NFLX," Anmuth said.Īs a result, he argued, "It’s possible that NFLX may not like the optics of implementing paid sharing while 11,500 WGA writers are on strike, w/production suspended or writing paused across at least a handful of NFLX titles including Stranger Things S5 & Emily in Paris S4, among others." "Paid sharing is effectively a price increase, w/paid members sharing their password receiving less value for the same price, or potentially paying more to add an extra member. JPMorgan analyst Doug Anmuth wrote in a note on Tuesday that Netflix could be weighing a delay of its password sharing crackdown in the US amid the strike - a decision that will likely impact revenue, subscribers, and the growth of its ad-supported tier. "But at this point, we think it's probably slightly dilutive to revenue, flat on and accretive " "In terms of financial impact, it really ultimately depends on duration of strike," he said at the time. Paramount ( PARA) CEO Bob Bakish said on the company's latest earnings call that the impact of the strike depends on how long it goes on. ![]() That doesn't mean the strike is necessarily good for media companies. The ongoing writers' strike could impact content spend, as well as revenue and subscriber upticks, at big companies like Netflix and Disney. In turn, multi-billion dollar operating losses could come in significantly better than expected with free cash flow also ending up being far greater than expected ( remember how Netflix free cash flow came in far better than expected during the pandemic)."įran Drescher, left, president of SAG-AFTRA, and Meredith Stiehm, president of Writers Guild of America West, pose together during a rally by striking writers outside Paramount Pictures studio, Monday, May 8, 2023, in Los Angeles. "If content is not delivered to a streaming service, the expense is not borne by the streamer. ![]() ![]() "A production work stoppage or even a slowdown that simply utilizes scripts on-hand could lead to far less content being delivered to subscription streaming services in 2H 2023," Rich Greenfield, analyst at Lightshed Partners, wrote in a note last month. While Moody's has warned that some media companies could see credit ratings suffer as a result of the strike, others point out that cutting content costs is a good thing for the industry as investors increasingly focus on profitability. That set off a production shutdown across the entire industry. Earlier this month, Hollywood writers began a strike in protest of higher wages and other demands amid the streaming boom. ![]()
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