Netflix Seeks Financial Analyst to Handle Residuals Following New Union Agreements

The new hire will manage residuals in line with recent collective bargaining agreements that include bonus structures based on viewership thresholds.

Netflix is hiring a financial analyst to handle residuals, following new collective bargaining agreements with the WGA and SAG-AFTRA.
The new agreements include bonus structures that trigger additional payments if a title meets a specific viewership threshold.
For the WGA, the credited writer for each episode will receive an additional 50% of their fixed domestic and foreign residual if the show meets the viewership criteria.
For SAG-AFTRA, any title that surpasses the viewership threshold will trigger a payment to each principal performer equivalent to 100% of the fixed residual, with 75% going to the performer and 25% being distributed among the rest of the union’s members.
The new financial analyst will be responsible for interpreting and analyzing residual impact, calculating and preparing residual payments, and managing financial forecasting of residual obligations.