Netflix’s crackdown on password sharing is acting like paying off at least for now.

The upbeat earnings report, however, comes at a moment of immense tension in the entertainment industry.

As theLos Angeles Timesrecently reported, many union members have dubbed this “the Netflix strike.”

Striking writers outside Netflix’s offices in Hollywood

Striking writers outside Netflix’s offices in Hollywood.AP Photo/Chris Pizzello

“We very much hoped to reach an agreement by now,” he said.

“We need to get this strike to a conclusion so that we all can move forward.”

Other studios, including Disney and Warner Bros.

Discovery, will report their quarterly earnings over the next few weeks.