Hollywood’s strikes are over
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Netflix figures it will have an extra $1.5 billion in free cash flow this year due to the Hollywood strikes.
Netflix says it expects a free cash flow of at least $5 billion in 2023 — $1.5 billion more than its original $3.5 billion estimate, citing the “ongoing WGA and SAG-AFTRA strikes,” but noting there could be “lumpiness” moving to 2024.
The strikes have already shut down several Netflix productions, including Stranger Things, Big Mouth, Emily in Paris, and more.
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