Hello everyone and welcome to slash film daily for Friday, April 22 on today's episode of the show.

We're going to be talking about the latest film and TV news. My name is Ben Pearson. I'm an editor at

slash film.com and I'm joined on today's episode by slash film news writer Ryan Scott.

Hey hey happy Friday everyone happy Friday Ryan

sir I know that you've been on this podcast several times this week

typically you're you're with Peter talking about box office and stuff, but I know that you have said many times on these episodes that you primarily look at

Hollywood from a business perspective and there's nobody better I think to have on this

particular episode than you because we were going to be talking a lot about the

business of Hollywood and specifically the business of Netflix because as I'm

sure our listeners probably know since this news happened within the past day or two,

Netflix has lost a staggering amount of money recently.

They actually lost 54 billion dollars overnight, and the reason for that is because they

posted I think for the first time in since 2011 they posted losses in

subscribers I think it was something like 200,000 subscribers. Yeah, yeah. Lost. So for a company that has

basically billed itself as the disruptor of Hollywood and has frankly changed

the entire shape of Hollywood as we know it.

It has been riding high for the past decade plus on this idea of subscriber growth and constant growth and

You know we're just gonna spend money now and recoup it all later and spend billions on content and all this and this week sort of feels like the first time that Netflix has really

stumbled in a significant way since in my view something like a quickster I don't know if you

remember that when like yeah there was that whole that whole fiasco but this

this is something that is like definitely hitting them in the wallet

in a pretty serious way.

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