Netflix doesn’t expect significant production delays due to the devastating Los Angeles wildfires this month and, if anything, is looking to charge full steam ahead to get crews back to work after years of economic strife in Hollywood.
“The hardest hit areas of these fires — the areas around Pacific Palisades, Altadena, Malibu — are very heavily populated with folks above and below the line who we work with every single day. So we’re doing everything we can to help with with relief, and we’re getting those folks who can back to work,” co-CEO Ted Sarandos said during Tuesday’s investor call, following the release of the streamer’s 2024 Q4 earnings report.
He emphasized that there will be “no meaningful delays in the delivery of the projects, and no meaningful impact to the [cash flow] this year,” adding that the goal is “to keep everything on schedule safely.”
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