Netflix Inc. shares were on the rebound Wednesday morning despite a blow delivered by a court after trading hours the day before. Los Angeles County Superior Court Judge Marc Gross issued an injunction on Tuesday barring the streaming giant from poaching employees under contract at Fox. The case started in 2016, when Fox sued Netflix (NASDAQ: NFLX) for hiring away two of its executives at double their salaries: Tara Flynn, who worked at Fox 21 as vice president of creative affairs, and Marcos Waltenberg, who worked at Twentieth Century Fox Film as vice president of marketing partnerships and promotions. Read More...
Streaming roundup: Netflix hit with poaching injunction amid Golden Globe, SAG nominations
Netflix Inc. shares were on the rebound Wednesday morning despite a blow delivered by a court after trading hours the day before. Los Angeles County Superior Court Judge Marc Gross issued an injunction on Tuesday barring the streaming giant from poaching employees under contract at Fox. The case started in 2016, when Fox sued Netflix (NASDAQ: NFLX) for hiring away two of its executives at double their salaries: Tara Flynn, who worked at Fox 21 as vice president of creative affairs, and Marcos Waltenberg, who worked at Twentieth Century Fox Film as vice president of marketing partnerships and promotions.
