Netflix shuts down all TV, movie production amid coronavirus: report

Netflix said the decision 'due to government restrictions and health/safety precautions'

Netflix has temporarily shut down all TV and movie production for two weeks amid novel coronavirus concerns, Entertainment Weekly has reported.

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The streaming service has paused production for "Stranger Things" season 4, "Grace & Frankie," "The Prom" and other film and TV shows that were in the development process in the U.S. and Canada when COVID-19 started spreading through the two countries, according to EW.

Netflix told the outlet that it made the decision "due to government restrictions and health/safety precautions."

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Disney and Warner Bros have also canceled the production of a number of shows and movies.

Like other Silicon Valley-based tech giants, all California-based Netflix employees have been told to work from home to avoid the spread of germs.

The streaming service is poised to exceed second-quarter earnings expectations since more users have been told to work from home or self-quarantine for two weeks if they suspect they may have the virus, according to The Motley Fool.

TickerSecurityLastChangeChange %
NFLXNETFLIX INC.548.73+40.97+8.07%

President Trump declared the pandemic a national emergency Friday afternoon, freeing up $50 billion in funding to fight the virus, and threw his support behind a congressional aid package, which passed the House Saturday .

The U.S. has surpassed 1,600 total confirmed COVID-19 cases and has seen more than 40 deaths related to the virus.