Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
effect@ (Adds economic figures on Georgia TV and film industry, paragraph 3)
LOS ANGELES, May 28 (Reuters) - Netflix Inc said on Tuesday it would "rethink" its film and television production investment in Georgia if a new law severely restricting abortion in the state is implemented, but the streaming service will continue to work there for now.
Netflix, which films TV shows like crime drama "Ozark" and supernatural thriller "Stranger Things" in the U.S. state, said it would work with groups fighting the Georgia law through the U.S. courts.
The company was the first major Hollywood producer to publicly comment on calls by some for an industry boycott of Georgia. The industry is responsible for more than 92,000 jobs in Georgia, according to the Motion Picture Association of America (MPAA), and some 455 film and TV shows were shot in the state in 2018, according to then-Governor Nathan Deal.
Netflix's chief content officer, Ted Sarandos, said Netflix had many women working on productions in Georgia and their rights would be restricted by the new law.
"Its why we will work with the ACLU (American Civil Liberties Union) and others to fight it in court. Given the legislation has not yet been implemented, well continue to film there - while also supporting partners and artists who choose not to. Should it ever come into effect, wed rethink our entire investment in Georgia, Sarandos said in a statement.
Georgia is one of eight states to pass anti-abortion legislation this year seeking to induce the U.S. Supreme Court to overturn Roe v. Wade, the 1973 landmark case that established a woman's right to terminate her pregnancy.. The Georgia law comes into effect on Jan. 1.
Calls by some in Hollywood for a boycott of Georgia have so far failed to gain widespread support, with most studios and platforms remaining silent. That contrasts with a boycott of North Carolina over its transgender bathroom law that was supported by businesses, sports leagues and celebrities like Bruce Springsteen and led to the repeal of the law in 2017.
A number of producers and actors have said they will donate money to local groups fighting the abortion law, rather than boycott and cause people in Georgia to lose work.
However the makers of an upcoming comedy starring Kristen Wiig decided last week not to shoot in Georgia. While work on "Ozark" season three began in Georgia earlier this month, star and executive producer Jason Bateman said that if the abortion bill became law he would not work in Georgia.
According to the Georgia film office website on Monday, 38 movies or TV shows are currently in production in the state. Past productions include the TV series "The Walking Dead" and scenes from the 2018 superhero movie "Black Panther." (Reporting by Jill Serjeant; editing by Steve Orlofsky and Cynthia Osterman)