Netflix Cancellations Spiked After Reed Hastings Donated to Kamala Harris
Rate of cancellations almost tripled after Trump backers called for action against the streaming service.
Reed Hastings, co-founder and chairman of Netflix Inc.
Photographer: Kyle Grillot/BloombergSay goodbye to another tough week in Hollywood. Disney cut about 300 jobs. Paramount implemented its second round of layoffs in the last few weeks. And John Malone, the godfather of cable, said streaming is a crappy business.
While things are likely to get worse before they get better, the long-term outlook for the entertainment business is still quite bright. I explained why in an essay for the latest issue of Businessweek: The Case for Optimism in Entertainment.