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[00:00:00] How many US-based employees does Netflix [00:00:02] currently employ? Do you know? [00:00:03] >> About 10,000. [00:00:04] >> Yeah. What about in production roles? [00:00:06] >> Uh well, in the LA over the last it's a [00:00:09] fluid number, but we've had about [00:00:11] 155,000 production jobs [00:00:12] >> about now [00:00:13] >> on our originals at any given time. I [00:00:15] don't know the number exactly. Sorry. I [00:00:16] can follow back with your with your [00:00:17] staff though. [00:00:18] >> Warner Brothers, how many US production [00:00:19] jobs? [00:00:21] >> Uh I don't have the exact number, but uh [00:00:24] it would be I would think in the 8,000 [00:00:26] range. [00:00:27] >> Okay. Um here's my question. If if this [00:00:30] merger goes through, what's your your [00:00:32] projection about the amount of domestic [00:00:35] production say two years from now? Is it [00:00:36] going to is it going to be static? Is it [00:00:38] going to decline? [00:00:40] >> It's going to our production is going to [00:00:42] increase. [00:00:42] >> Domestic production [00:00:43] >> domestic production to increase. It most [00:00:45] of our production is domestic and it [00:00:47] will continue to increase. We've [00:00:49] recently um forecast our our content [00:00:52] spend independent of this deal to grow [00:00:55] to 2020 20 billion. Um and those you [00:00:58] know that's a combination of licensing [00:01:00] producing. Now those licensing dollars [00:01:02] compel production as well. That's why [00:01:04] it's hard to get an exact number. [00:01:06] >> Let me show you let me show you the data [00:01:08] here about US production recently. [00:01:12] >> It's the red line here starting from in [00:01:14] 2021. You can see it is pretty much [00:01:16] straight downward. Uh there's been [00:01:19] massive shift in production as I think [00:01:20] as Senator Shiff was alluding to just a [00:01:22] moment ago. massive shift in production [00:01:23] overseas to other foreign jurisdictions [00:01:26] leaving the United States. So, will you [00:01:29] commit to increasing domestic United [00:01:32] States production and domestic United [00:01:34] States production jobs? Did I hear you [00:01:35] just say you would, [00:01:36] >> Senator Holly? Absolutely. It's in our [00:01:38] business plan is it's in and it's in our [00:01:40] long-term operating DNA. I will point [00:01:42] out, sir, respectfully, that chart is [00:01:43] Los Angeles. [00:01:44] >> Yeah, but it's reflect it is Los [00:01:45] Angeles, but if you look at the data, it [00:01:47] is reflective. This reflects all of US [00:01:49] production. US production is not going [00:01:51] up, right? But some of these jobs have [00:01:52] moved. [00:01:53] >> It's going it's going down. These jobs [00:01:54] have moved to Yeah. But the overall [00:01:55] numbers are going down. And this is [00:01:57] exactly the concern of labor. And [00:01:59] without objection, Mr. Chairman, I'd [00:02:01] like to enter in a statement for the [00:02:03] record from the Teamsters who have major [00:02:05] concerns about this deal, as does [00:02:06] frankly pretty much every segment of [00:02:08] labor, Mr. Sarendos. And what they all [00:02:10] say is they're worried that you're going [00:02:12] to cut residuals, which is effectively [00:02:14] payments. You're going to cut production [00:02:15] jobs. So let's just go through a few [00:02:17] commitments here. Will you commit to [00:02:18] using union labor for all domestic [00:02:20] shoots? [00:02:21] >> Uh, we do use union labor. [00:02:23] >> Will you commit to using it in the [00:02:24] future for all of your domestic shoots [00:02:25] if this deal goes through? [00:02:26] >> Senator H. We do use this is the most [00:02:28] unionized industry in America and we use [00:02:30] union labor on all our productions [00:02:32] >> and you're going to forward. I'm looking [00:02:33] for a commitment. [00:02:34] >> You have my commitment. [00:02:35] >> Will you commit to a 45day or longer [00:02:37] theatrical release window for major [00:02:38] Warner Brothers films? [00:02:40] >> Senator Hi, I just said that I would do [00:02:42] that under oath. So, yes. [00:02:43] >> Good. And will you commit to fairly [00:02:45] compensating your workers in the [00:02:46] industry with residual payments? [00:02:48] >> Well, top of market payment has been [00:02:50] Netflix business philosophy since we [00:02:52] started operating over 20. [00:02:53] >> Listen, uh what you have been routinely [00:02:56] accused of compressing and reducing [00:02:58] residuals. It's one of the biggest [00:03:00] objections to labor to this deal. So, [00:03:02] let's see if you can lay that to rest [00:03:03] today. Will you will you commit to full [00:03:05] residuals? [00:03:07] >> Senator Holly, I would I would I would [00:03:09] like to tell you this is a very [00:03:10] complicated answer because we prepay. [00:03:12] That's usually on the way to no. That [00:03:14] that's usually a way of saying no. So [00:03:15] I'm looking for yes. [00:03:16] >> I understand that this is not a yes or [00:03:18] no answer because [00:03:19] >> it kind of is though. [00:03:19] >> It kind of isn't because and we were [00:03:21] going to sit down with the unions of [00:03:22] >> You're disappointing me. [00:03:23] >> Starting in the next few days, sir. [00:03:24] We're sitting down with the unions for [00:03:26] new contract talks that start actually [00:03:28] in three days. [00:03:28] >> This is a that's a complicated long no. [00:03:31] I would really hope it would be yes. [00:03:32] >> Okay. Are you asking to me to commit to [00:03:34] residuals in the traditional form? [00:03:36] Because I don't think that applies in [00:03:38] many cases. That's why I'm getting [00:03:40] there. [00:03:40] >> All right. Well, I think you've got some [00:03:42] I think you've got some work to do on [00:03:43] that, Mr. Serendos.