A walkout by actors would stop all production of film and scripted television shows in the United States, except for independent productions.
Kan said in a statement that this is the first time that broadcasting rights for an Israeli television series have been sold to a Saudi broadcasting network.
The historical drama focuses on three generations of the Sephardic Ladino-speaking family and their travails as they contend with violence and in their hometown of Jerusalem.
A keen-eyed fan of the show Friends spotted a mystery woman, who wasn't part of the cast, playing Rachel Green - something many fans admitted they never noticed.
It portrays a loving friendship between an Israeli and a Palestinian, and shows how these friends are torn apart by the conflict.
Two other new series are coming to Israel that bring back some old favorites.
The Screenwriters Guild of Israel (SGI) is urging its members not to cross the virtual WGA picket line and “scab” for Hollywood studios