Layoffs & Mergers: Film & TV Industry Reportedly Shifts Into ‘Cost-Cutting Mode’

Sep 17, 2022 | Uncategorized

The boom in film and TV production has come to a halt amid minimal enthusiasm for media stocks. In May, shares of Netflix were down 67% year to date, with Wall Street experts pointing to the stocks – viewed as tech stocks – being battered on fears of rising interest rates from the Federal Reserve amid rampant inflation.

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