Warner Bros. Discovery cut profit expectations as the writers' and actors' strikes drag on, keeping production halted.
is preparing investors for the effects of the writers' and actors' strikes if they continue through the end of this year., said it adjusted its expectations, assuming the financial impact of the strikes will persist through the end of the year. It noted this isn't a prediction of when the strikes will end, but instead shows the financial impact on its TV and movie studios as production is halted.
Members of the Writers Guild of America union have been on strike for more than 100 days, and the actors joined picket lines in July. The work stoppage has come at a moment when media companies are trying to make streaming businesses profitable and pushing theaters back into theaters.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warner Bros. Discovery Expects Earnings Hit Of Up To $500 Million From Strikes This YearThe financial impact of ongoing actors and writers strikes as a number on it now as Warner Bros. Discovery said today it’s looking at a hit of $300 million to $500 million in adjusted EBTITDA (earn…
Read more »
Warner Bros. Discovery’s Boomerang Rebrands to Cartoonito in Nordics, Turkey, Middle East and North Africa'Cartoonito is Warner Bros. Discovery’s biggest commitment to programming for children aged 2 to 6.'
Read more »
Warner Bros. Discovery Says Ongoing Strikes Will Mean $300M-$500M Hit to 2023 Earnings'The company now expects to exceed $1.7 billion in free cash flow for the third quarter of 2023, in part due to the strong performance of 'Barbie' as well as incremental impact from strike-related factors,' the entertainment giant says in a regulatory filing.
Read more »
The Winchesters Crew Member Sues Warner Bros. for Unsafe Set ConditionsThe Winchesters crew member has filed a lawsuit against Warner Bros. and the producers of the Supernatural prequel for unsafe set conditions.
Read more »
This 65-inch QLED 4K TV is on sale for $500 right nowThe TCL Q6 QLED 4K TV with a 65-inch screen and the Amazon Fire TV platform is available at $100 off from Amazon for Labor Day, so you'll only have to pay $500.
Read more »
Every New Power-Up In Super Mario Bros. Wonder Confirmed So FarMario Wonder power-ups offer fun new options.
Read more »