Palisades Media Group, which serves as Netflix’s advertising agency, suddenly informed staff Friday the company would be closed permanently at day’s end, individuals with knowledge of the situation told .
Netflix’s second phase of Emmy campaigns is only beginning, so employees were informed by a company-wide email. Palisades received the shocking news with shock. The atmosphere at Palisades had been business as usual. However, Palisades has been losing money to vendors according to well-informed individuals.
“They were closed because they’re embezzling and the FBI raided them,”A rival agency employee said that.
But it isn’t yet clear why the advertising agency is closing. Palisades Media and Netflix did not immediately respond to ’s request for comment.
The surprising move comes just days after Emmy nominations were announced and as all the networks and streamers are placing their advertising campaigns ahead of September’s ceremony. Netflix was ranked second with 105 nominations.
Palisades Media is a media company that offers Netflix and Palisades Media. A remarkable rosterOrion Pictures and Bleecker Street are some of our clients. Zelle, Vizio, Zelle, and the Hollywood Bowl are others.
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