Netflix's CEO Fears Possible SAG Strike, Worries About Platform's Relevancy

Netflix faces potential strike from Screen Actors' Guild, impacting future releases.

One of the most urgent issues currently facing the Writer's Guild of America (WGA) is the ongoing strike and the opposition it has faced. The WGA went on strike three months ago, and now the Screen Actors' Guild is also facing the possibility of a strike. This has caused concern for companies like Netflix, who are preparing for the potential impact on their finances.

Netflix has made questionable choices when it comes to sharing screens and managing accounts, which should have led to a decline in its popularity. Additionally, the platform has been canceling beloved shows, indicating that it may be heading in the wrong direction. However, despite these criticisms, Netflix still offers people's favorite series and actors, making it a mixed bag.

The WGA strike has had a significant impact on the entertainment industry over the past three months. The guild has demanded better compensation for writers across all media platforms, fair pay for TV series writing throughout the production process, improved contributions to pension and health plans, and more. Their goal is to secure fair wages and better working conditions.

Inspired by the strength of the WGA, the Screen Actors' Guild is now preparing to initiate its own strike. It has been reported that union members are ready to strike on Thursday morning, with some members being trained as strike captains. They are seeking similar rights and improvements within their own industry.

The CEOs of production companies, who are often wealthy individuals, have not been supportive of the WGA's demands. These industry leaders have had to halt production and have expressed their dismissive views towards the strike. While not explicitly joining in, Netflix's CEO is among the executives concerned about the future of the Screen Actors' Guild and the potential for a strike, rather than prioritizing the reassessment of workers' rights.

Netflix's recent actions towards its original shows and films have raised concerns. For example, the film "A Family Affair," which boasted a star-studded cast including Nicole Kidman, Zac Efron, Joey King, and Kathy Bates, has been removed from Netflix's release calendar. While it hasn't been completely canceled, the treatment it has received aligns with Netflix's recent actions towards its original content.

Another highly anticipated film, "Castaway Diva," has also faced delays. Originally set to premiere on November 17, it has been postponed without a confirmed new release date. This film was expected to be a popular choice for cozy winter evenings, but now its fate is uncertain.

On a more positive note, Netflix recently announced the casting and details of a new South Korean drama called "Castaway Diva." This drama, set to be released in late 2023, tells the story of Yoon Ran-ju, a former popular singer who finds a new lease on life on an island after meeting a fan named Seo Mok-ha. The show has already generated significant buzz and is highly anticipated among Netflix's upcoming releases.

Adding to the excitement, Park Eun Bin, the star of "Extraordinary Attorney Woo," will be joining the cast of "Castaway Diva." This sought-after actress will be part of a star-studded South Korean cast, including Kim Hyo-jin, Chae Jong-hyeop, Cha Hak-yeon, and Kim Joo-hun. The show will be directed by Oh Chung-hwan, known for his work on "Hotel Del Luna" and "Big Mouse." Park will be playing the main character, Yoon Ran-Ju, and is expected to further solidify her success with another hit on the platform.