At a Senate antitrust hearing on Tuesday, Netflix Co-CEO Ted Sarandos declined to give a “yes or no” answer when asked if he would commit to “full residuals” for union workers. “I would like to tell you this is a very complicated answer, because we prepay,” Sarandos said. Sarandos noted that the major studios are just days away from sitting down with the entertainment unions for bargaining, where this will be an issue.
Source: Ted Sarandos Hedges on Netflix Residual Payments at Senate Hearing: ‘Not a Yes or No’