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Why the actors and writers strikes are good news for Netflix

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[ad_1] Netflix, a major target of the current strikes by  Hollywood writers  and actors, has seen an unexpected cash boost from the two labor unions' actions.  In its quarterly earnings report Wednesday, Netflix said it expects to have at least $5 billion in free cash flow for 2023 because of reduced operational costs as a result of the strikes delaying production schedules. That's a significant increase from its previous estimate of $3.5 billion.  The company plans to use some of the extra cash to buy back stock, it said. "We're currently running a bit above our targeted minimum cash level, so we expect to increase our stock repurchase activity in the second half of 2023, assuming no material change in our business," Netflix said in a letter to investors . The company's chief financial officer, Adam Neumann, detailed some of the reasons for the cash boost on an investor call Wednesday. In addition to "t

Netflix debuts first original African animation series, set in Zambia

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[ad_1] Netflix's first original African animated series premiered on Thursday in a debut its creator said she hoped would pave the way for more productions from the continent. Set in a futuristic version of Lusaka, the capital of Zambia, "Supa Team 4" tells the story of four teen girls who turn undercover superheroes after being recruited by a retired secret agent to save the world. "I'm excited that the world finally gets to see the fantastic show that the incredibly talented super team, from Africa and beyond, have put together," Zambian writer Malenga Mulendema told AFP in a statement. "We hope 'Supa Team 4'... will lead to further investment and collaboration so we can continue to grow the industry." Supa Team 4 | Official Trailer | Netflix by AfricaOnNetflix on YouTube Mulendema created the series after pitching it at a pan-African talen

2023 Emmy Awards:

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[ad_1] "Succession," "Ted Lasso" lead Emmy noms "Succession" gets 27 Emmy nominations, "Ted Lasso" leads comedies with 21 05:46 Nominations for the 75th annual Emmy Awards were unveiled on Wednesday morning, and HBO tied a record set by NBC in 1992, with four series — critically acclaimed fan-favorites "Succession" and "The White Lotus," along with the video game adaptation "The Last Of Us"  and "House of the Dragon," the "Game of Thrones" prequel — in the running for outstanding drama. "Succession," which also led the pack of

2023 Emmy Awards:

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[ad_1] "Succession" star Jeremy Strong "Succession" star Jeremy Strong 08:15 Nominations for the 75th annual Emmy Awards were unveiled on Wednesday morning, and HBO broke a record set by NBC in 1992, with four series — critically acclaimed fan-favorites "Succession" and "The White Lotus," along with the video game adaptation "The Last Of Us"  and "House of the Dragon," the "Game of Thrones" prequel — in the running for outstanding drama. "Succession," which also led the pack of nominees in 2022, dominated the roster again this year, with 27 nomin